The Network Automation Market is estimated to be valued at US$ 14.56 Bn in 2021 and is expected to exhibit a CAGR of 23.4% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:

Network automation involves the use of software and technologies to automate the management, configuration, and operation of computer networks. This eliminates manual configuration and reduces the probability of human error, making network management more efficient. The increasing complexity of network infrastructure, growing demand for efficient network operations, and the need to enhance network performance and security are driving the demand for network automation solutions.

Market Key Trends:
One key trend in the network automation market is the increasing adoption of Software-Defined Networking (SDN). SDN separates the network control plane from the data plane, allowing for centralized network management and control. With SDN, network administrators can easily configure and manage network resources, leading to simplified network infrastructure and improved agility. SDN enables faster provisioning of network services, improves network scalability, and enhances network security. The adoption of SDN is expected to increase as organizations strive to achieve greater network flexibility and efficiency. Leading market players such as Cisco Systems Inc., Juniper Networks Inc., and VMware Inc. are focusing on developing SDN solutions to meet the evolving network automation requirements of organizations.
 

Segment Analysis:
The network automation market can be segmented based on component, network infrastructure, deployment mode, organization size, and vertical. Based on components, the software segment dominates the market. This can be attributed to the increasing adoption of automation software to streamline network operations and enhance efficiency. The software segment is further divided into SD-WAN, network automation tools, and intent-based networking.

In terms of network infrastructure, the data center networks segment is expected to dominate the market during the forecast period. With the proliferation of cloud computing and increasing data center traffic, the demand for efficient network automation solutions in data centers is growing. The data center networks segment is further segmented into Ethernet switches, routers, and SDN controllers.

Based on deployment mode, the on-premise segment holds a significant market share. This is due to the preference of organizations to have control over their network infrastructure and data security. However, the cloud segment is expected to witness high growth as more organizations are opting for cloud-based network automation solutions to leverage scalability and cost-effectiveness.

Large enterprises dominate the market based on organization size. This can be attributed to the higher adoption of network automation solutions by large organizations to manage complex network infrastructures. However, small and medium-sized enterprises (SMEs) are expected to witness significant growth in the market as they increasingly recognize the benefits of network automation in improving operational efficiency and reducing costs.

Key Takeaways:
The Global Network Automation Market Demand is expected to witness high growth, exhibiting a CAGR of 23.4% between 2023 and 2030. This growth can be attributed to the increasing need to manage complex network infrastructures, streamline network operations, and improve overall network efficiency. The adoption of network automation solutions by various industries, such as telecommunications, banking, and healthcare, is also driving market growth.

In terms of regional analysis, North America is the fastest-growing and dominating region in the market. This can be attributed to the presence of major network automation solution providers and the high adoption rate of advanced technologies in the region. Additionally, the increasing demand for efficient network management solutions from various industries in North America is contributing to market growth.

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 Networks Inc., SolarWinds Inc., Forward Networks Inc., and Network Automation Inc. These key players are focusing on strategic collaborations, partnerships, and product innovations to strengthen their market presence and gain a competitive edge.

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https://www.marketwebjournal.com/network-automation-market-demand-size-and-growth/