Global Network Automation Market to Reach $18.64 Billion by 2027

The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

LONDON, GREATER LONDON , UK, November 9, 2023 /EINPresswire.com/ — The global network automation market is poised to witness significant growth, with the market size projected to increase from $6.01 billion in 2022 to $7.52 billion in 2023, exhibiting a compound annual growth rate (CAGR) of 25.2%. Despite the challenges brought forth by the Russia-Ukraine conflict and the ongoing impacts of the COVID-19 pandemic, the market is expected to witness robust expansion, reaching $18.64 billion by 2027, with a CAGR of 25.5%.

Key Driver: Increasing Adoption of Cloud-based Services

One of the key drivers fueling the growth of the network automation market is the increasing adoption of cloud-based services. Network automation facilitates the establishment of consistent infrastructure and operations, reducing manual effort and promoting gains in productivity and operational efficiency. With the growing reliance on cloud-based applications and tools, there is an increasing need for an automated platform to ensure smooth deployment and operations of applications, lifecycle management, policy-based distribution, and other essential tasks. According to a survey conducted by Clouds 247 Research in 2022, over 60% of companies expressed plans to incorporate cloud computing within the next 18 months, with more than 45% of companies having already transitioned to cloud IT infrastructure at the time of the study. This shift in the focus of companies toward cloud-based services is expected to drive the demand for network automation during the forecast period.

Notable Trend: NaaS (Network Automation-as-a-Service) Cloud Vision

NaaS (Network Automation-as-a-Service) Cloud Vision, or Software-as-a-Service (SaaS), represents a prominent trend gaining traction in the network automation market. NaaS is a cloud model that allows users to manage and maintain their network without the need to own a network operating infrastructure. Cloud Vision, or Software-as-a-Service (SaaS), is an application that delivers services over the internet. Companies operating in the network automation market are increasingly focusing on offering their products through new business models to expand their customer reach and strengthen their market presence. In August 2020, Arista Networks, an American computer networking company, introduced an enterprise-grade Software-as-a-Service (SaaS) platform with CloudVision®, enabling the seamless management of multi-domain networks across clients through the cloud.

For a comprehensive analysis of the global network automation market, access the sample report here:
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Network Automation Market Segments and Major Players

The global network automation market is segmented based on:

• Solution Type: Network Automation Tools, SD-WAN and Network Virtualization, Intent-based Networking
• Component: Solution, Services
• Deployment Mode: On-premises, Cloud
• Industry Vertical: IT & Telecom, BFSI, Manufacturing, Healthcare, Energy and Utilities, Education, Other Industry Verticals

Key players driving the network automation market include Cisco, Juniper Networks, NetBrain, Forward Networks, SolarWinds, Apstra, BlueCat, Entuity, Veriflow, Riverbed, Itential, Volta Networks, Sedona Systems, Kentik, NetYCE, Versa Networks, AppViewX, 128 Technology, and Anuta Networks.

While North America currently holds the largest share in the network automation market, the analysis encompasses a comprehensive evaluation of various key regions, including Asia-Pacific, Western Europe, Eastern Europe, South America, the Middle East, and Africa.

For a comprehensive analysis of the global network automation market, access the complete report here:
https://www.thebusinessresearchcompany.com/report/network-automation-global-market-report

Network Automation Global Market Report 2023 from TBRC covers the following information:
• Market size date for the forecast period: Historical and Future
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Trends, opportunities, strategies and so much more.

The Network Automation Global Market Report 2023 by The Business Research Company is the most comprehensive report that provides insights on network automation market size, network automation market drivers and trends, network automation market major players, competitors’ revenues, market positioning, and network automation market growth across geographies. The network automation market report helps you gain in-depth insights on opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.

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