Network Automation Market Forecast 2024-2033: Projected CAGR, Key Drivers, And Trends

Overview and Scope
The network automation refer to software that automates the network and security provisioning and management to maximise the network efficiency and functionality. Network automation software predicts the efficient way to map, configure, provision, and manage networks and increases the speed of application development by automating network and security provisioning management.

Sizing and Forecast
The network automation market size has grown exponentially in recent years. It will grow from $7.33 billion in 2023 to $9.11 billion in 2024 at a compound annual growth rate (CAGR) of 24.3%.  The  growth in the historic period can be attributed to increased data traffic, demand for operational efficiency, cost reduction initiatives, vendor-agnostic solutions, increased network complexity..

The network automation market size is expected to see exponential growth in the next few years. It will grow to $22.7 billion in 2028 at a compound annual growth rate (CAGR) of 25.6%.  The growth in the forecast period can be attributed to focus on self-healing networks, zero trust security models, containerization and microservices, network-as-a-service (naas) models, compliance and regulatory requirements.. Major trends in the forecast period include ai-driven automation, edge computing growth, ai and ml integration, hybrid and multi-cloud environments, network slicing for customization.

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Segmentation & Regional Insights
The network automation market covered in this report is segmented –
1) By Solution Type: Network Automation Tools, SD-WAN and Network Virtualization, Intent-based Networking
2) By Component: Solution, Services
3) By Deployment Mode: On-premises, Cloud
4) By Industry Vertical: IT & Telecom, BFSI, Manufacturing, Healthcare, Energy and Utilities, Education, Other Industry Verticals

North America was the largest region in the network automation market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the network automation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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Major Driver Impacting Market Growth
The increasing adoption of cloud-based services is driving the growth of the network automation market. Network automation establishes consistent infrastructure and operations while reducing labour and promoting productivity gains and operational efficiency. Cloud-based applications or tools require an automated platform for smooth deployment and operations of applications, life-cycle management, policy-based distribution, and others. For instance, according to the survey conducted by Clouds 247 Research in 2022, more than 60% of companies are planning to employ cloud computing in the next 18 months, and more than 45% of companies have shifted to cloud IT infrastructure by the time of the study. Thus, an increasing shift in companies’ interests toward cloud-based services is expected to boost demand for network automation during the forecast period.

Key Industry Players
Major companies operating in the network automation market report are Cisco Systems Inc., Juniper Networks Inc., NetBrain Technologies Inc., Forward Networks Inc., SolarWinds Inc., Apstra Inc., BlueCat Networks Inc., Entuity Ltd., Veriflow Systems Inc., Riverbed Technology Inc., Itential LLC, Volta Networks Inc., Sedona Systems Ltd., Kentik Inc., NetYCE B. V., Versa Networks Inc., AppViewX Inc., 128 Technology Inc., Anuta Networks Inc., IBM Corporation, Hewlett Packard Enterprise Development LP, Fujitsu Limited, Network Automation Inc., Micro Focus International PLC, Arista Networks Inc., Extreme Networks Inc., BMC Software Inc., VMware Inc., SaltStack Inc., BackBox Software Ltd., HCL Technologies Limited, Red Hat Inc., NVIDIA Corporation, Intraway Corporation

The network automation market report table of contents includes:
1. Executive Summary

2. Network Automation Market Characteristics
3. Network Automation Market Trends And Strategies
4. Network Automation Market – Macro Economic Scenario
5. Global Network Automation Market Size and Growth
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6. Global Network Automation Market Competitive Benchmarking
7. Global Network Automation Market Competitive Dashboard
8. Key Mergers And Acquisitions In The Network Automation Market
9. Network Automation Market Future Outlook and Potential Analysis
10. Appendix

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