Global Network Automation Market Is Estimated To Witness High...

Global Network Automation Market Is Estimated To Witness High Growth Owing To Increasing Demand

Posted 2023-10-04 13:19:12

The Global Network Automation Market is estimated to be valued at US$ 14.56 Bn in 2022 and is expected to exhibit a CAGR of 23.4% over the forecast period of 2022-2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:
Network automation refers to the process of automating the configuration, management, and operation of network devices and software-defined networks (SDNs). It involves the use of software and tools that eliminate the need for manual intervention, thus reducing human errors and improving efficiency. Network automation offers several benefits, such as improved network reliability, faster troubleshooting, reduced downtime, and cost savings. This has led to its increasing adoption across various industries, including IT and telecommunications, BFSI, healthcare, manufacturing, and others.

Market Dynamics:
The global network automation market is driven by two major factors. Firstly, the rising demand for efficiency and cost reduction in network management is propelling the adoption of network automation solutions. Organizations are increasingly looking for ways to streamline their network operations and reduce manual efforts. Network automation enables them to achieve this by automating repetitive tasks, simplifying workflow processes, and ensuring faster response times.

Secondly, the growing complexity of network infrastructure and the need for network agility and scalability are also fueling market growth. With the advent of technologies such as 5G, IoT, and cloud computing, networks are becoming more complex and dynamic. Network automation helps organizations to effectively manage and scale their network infrastructure to meet the evolving demands of the digital era.

Overall, the network automation market is expected to witness high growth in the coming years, driven by the increasing need for efficient network management and the growing complexity of network infrastructure.

SWOT Analysis:

Strength: Network automation offers numerous benefits such as improved efficiency and productivity, reduced downtime, and cost savings. It allows organizations to automate repetitive network management tasks, improve network security, and easily scale their networks to meet growing demands.

Weakness: Implementing network automation requires a significant upfront investment in terms of technology infrastructure, training, and resources. It also requires a high level of technical expertise and may face resistance from existing network administrators who fear job loss or lack the necessary skills to manage automated networks.

Opportunity: The increasing adoption of IoT devices, cloud computing, and virtualization technologies creates a need for efficient network management and automation. This presents an opportunity for network automation solutions providers to expand their market share and offer innovative solutions to meet these growing demands. Additionally, the rise of software-defined networking (SDN) and intent-based networking (IBN) further opens up opportunities for network automation.

Threats: The network automation market faces threats from cybersecurity risks, such as potential vulnerabilities and exploitation of automated networks. As automation becomes more prevalent, attackers may target automated systems to gain unauthorized access or disrupt network operations. Additionally, the market is highly competitive, with established players and new entrants constantly introducing new solutions, which could pose a challenge for smaller or less innovative companies.

Key Takeaways:

The global Network Automation Market Share is expected to witness high growth, exhibiting a CAGR of 23.4% over the forecast period, due to the increasing need for efficient network management and automation driven by the adoption of IoT, cloud computing, and virtualization technologies.

In terms of regional analysis, North America is the fastest-growing and dominating region in the network automation market, driven by the presence of major technology companies, increasing investments in network infrastructure, and the adoption of advanced networking technologies.

Key players operating in the network automation market include Cisco Systems Inc., Extreme Networks Inc., Juniper Networks Inc., VMware Inc., SaltStack Inc., BMC Software Inc., Hewlett Packard Enterprise Development LP, Nuage Networks (Nokia Networks), IBM Corporation, NetBrain Technologies Inc., AppViewX Inc., Micro Focus International PLC, Fujitsu Limited, Arista Network Inc., SolarWinds Inc., Forward Networks Inc., and Network Automation Inc. These players offer a wide range of network automation solutions and services to cater to the diverse needs of organizations.