Network Automation Market To Hit Value .60 Billion By 2030 |Grand View Research, Inc.Posted by Mrudula Anil Karmarkar on December 19th, 2023 San Francisco, 19 December 2023: The ReportNetwork Automation Market Size, Share & Trends Analysis Report By Component (Solutions, Services), By Deployment (On-Premise, Cloud), By Infrastructure, By Enterprise Size, By Vertical, By Region, And Segment Forecasts, 2022 - 2030 The global network automation market size is anticipated to reach USD 15.60 billion by 2030, registering a CAGR of 22.9% over the forecast period, according to a new report by Grand View Research, Inc. Network automation encompasses the process of automating the management, and configuration, testing, operations, and deployment of virtual and physical devices involved in a network. It utilizes software to automate the network and provides management and security to maximize network functionality and efficiency. It also enables prompt network operation units to integrate and configure application services and network infrastructure. Furthermore, the rising adoption of network automation-enabled services in several verticals, such as BFSI, IT, and Telecom, is contributing positively to the growth of the network automation industry. Network automation combines network function virtualization (NFV) and software-defined networking (SDN), enabling the configuration of networks to meet the organization's requirements. It also increases network uptime and stability. It also provides access to businesses and organizations to automate networks to meet specific requirements efficiently and cost-effectively, replacing command-line instructions for configuring network devices. Moreover, the utilization of advanced technological tools, such as artificial intelligence, machine learning, and big data, is propelling the growth of the market. Network automation eliminates manual processes such as logging into switches, firewalls, routers, and load balancers to change configurations to manage the network. It also allows flexible and agile network operations that support business demands, reduce errors, improves efficiency, and lower operating expenses. Additionally, automation enables standardization of network processes management and allows operations units to reduce mean time to resolution and deliver services at scale. An automated network platform enables ease in network testing, resource provision, and mapping, fueling network automation adoption. Network automation includes solutions such as network designing and planning, configuration compliance and verification, device testing, data analysis, security compliance, collection of network data, and deployment of physical & virtual devices and services. Moreover, the players in the market are launching advanced network automation solutions which use machine learning, big data, and other advanced technologies, which is expected to provide numerous growth opportunities for the market in the upcoming years. The report covers the competitive analysis of the top ten players in the industry including Anuta Networks; BlueCat; Apstra; Juniper Networks; BMC Software; Entuity; Forward Networks; Fortinet, Inc.; IBM Corporation; Cisco Systems Inc.; Micro Focus; NetBrain, Riverbed; Solar Winds; Veriflow; and Vmware. The players are adopting several key strategies and development such as partnerships, product launches, collaborations, and mergers and acquisitions to obtain significant market shares. For instance, in November 2021, VMware, Inc. announced a collaboration with Vodafone Group to deliver orchestration and automation services through a single platform on its core networks across Europe. Request sample report of Network Automation Market@https://www.grandviewresearch.com/industry-analysis/network-automation-market-report/request/rs1 It encompasses the process of automating the management, configuration, testing, operations, and deployment of virtual and physical devices involved in a network. It utilizes software to automate the network and provides management and security to maximize network functionality and efficiency. It also enables prompt operation units to integrate and configure application services and network infrastructure. Also, it eliminates manual processes such as logging into switches, firewalls, routers, and load balancers to change configurations to manage the network. It also allows flexible and agile operations that support business demands, reduce errors, improve efficiency, and lower operating expenses. Additionally, automation enables standardization of network processes management and allows operations units to reduce mean time to resolution and deliver services at scale. Network Automation Market Report Highlights
The market is projected to witness significant growth attributed to the increasing adoption of connected devices, emerging hybrid workplaces, and 5G-driven services. Additionally, a growing emphasis on usage network virtualization is anticipated to boost the growth of the market. Furthermore, the rising adoption of network automation-enabled services in several verticals, such as BFSI, IT, manufacturing, and retail, among others, is contributing positively to the network automation market growth. It also increases network uptime and stability. It also provides access to businesses and organizations to automate networks to meet specific requirements efficiently and cost-effectively, replacing command-line instructions for configuring the devices. Moreover, the utilization of advanced technological tools, such as artificial intelligence, machine learning, and big data, is propelling the growth of the market. Network automation combines network function virtualization (NFV) and software-defined networking (SDN), enabling the configuration of networks to meet the organization's requirements. An automated platform enables ease in network testing, resource provision, and mapping, fueling network automation adoption. COVID-19 Impact on the Network automation market The COVID-19 pandemic had a favorable impact on the IT and telecommunication sectors owing to the increasing penetration of networking services, growing adoption of internet subscribers, and emerging adoption of remote access services in industries such as manufacturing, BFSI, and others. The gradual shift from conventional business practices to online platforms resulted in the establishment of efficient networking services and solutions for technological advancements in 5G services. Network Automation Market Report Scope
Therefore, the communication service providers played a pivotal role in supporting the network infrastructure. Enterprise virtual private network (VPN) servers became crucially important with the emerging work-from-home and online education during the pandemic. As the COVID-19 restrictions were alleviated, the communication service providers (CSPs) accelerated investments in network automation infrastructure and solutions. The use cases of network automation, including remote office, remote education, and e-health services, are anticipated to propel the growth of the market. List of Key Players in the Network Automation Market
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