Network Automation Market size to grow from USD 2.3 billion in 2017 to USD 16.9 billion by 2022
Accordingto a new market research report” NetworkAutomation Market by SD-WAN, Network Automation Tool, Intent-Based Networking,Network Infrastructure (Physical, Virtual, and Hybrid Network Configuration,and Automation), Service, Deployment, Vertical, and Region - Global Forecast to2022", published by MarketsandMarkets™, The networkautomation market size is expected to grow from USD 2.3 billion in 2017 to USD16.9 billion by 2022, at a Compound Annual Growth Rate (CAGR) of 48.7% duringthe forecast period.
Majordrivers of the network automation market include the critical need for networkbandwidth management and network visibility, and growing adoption of smartconnected devices across industry verticals. Moreover, increasing adoption ofvirtual and software-defined network infrastructure and network downtime causedthrough human errors are also some of the factors that are expected to drivethe market.
Browse71 market data Tables and 46 Figures spread through 142 Pages and in-depth TOCon "Network AutomationMarket by SD-WAN, Network Automation Tool, Intent-Based Networking,Network Infrastructure (Physical, Virtual, and Hybrid Network Configuration,and Automation), Service, Deployment, Vertical, and Region - Global Forecast to2022"
Major Key Companies:
Majorvendors in the network automation market include Cisco (US), Juniper Networks(US), IBM (US), Micro Focus (UK), NetBrain Technologies (US), SolarWinds (US),Riverbed Technology (US), BMC Software (US), Apstra (US), BlueCat (Canada),Entuity (UK), and Veriflow (US).
The virtual network configuration and automation segment is expectedto be the fastest growing network infrastructure in the network automationmarket during the forecast period
Thevirtual network configuration and automation segment is based on therequirement and need to enable installation and provision of virtual machines,virtual devices and workloads. The automation of virtual devices and machinesensures that there are no bottlenecks by providing centralized visibility andcontrol into the utilization and capacity of virtual devices in the virtualnetwork infrastructure. Virtual network configuration and automation isessential for enterprises to improve their network agility and enhance itsavailability.
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The on-premises deployment type is expected to hold the largestmarket share in the network automation market during the forecast period
Theon-premises deployment type refers to the on-premises installation of softwareand solutions. These solutions are delivered on a one-time license fee and anannual service agreement, which includes free upgrading and installation of newfunctionalities. The deployment of on-premises network automation solutionsrequires huge infrastructure and individual data centers. Organizations thatare able to afford such expensive automation solution usually deploy theon-premises solutions. The on-premises deployment type also offers offline dataanalytics, configuration, and provides better control over systems and data.The deployment of on-premises solutions requires dedicated IT staff for themaintenance and support of such high-end IT infrastructure.
Europe is expected to hold the second largest market share in the networkautomation market during the forecast period.
Europeis one of the key contributors to the network automation market, due to itsearly acceptance of innovations and upcoming technologies. The growing need foroptimized network and compliance management owing to the increase in internetsubscribers and data centers has made the European market more lucrative fornetwork automation solution providers. Moreover, growing economies in theregion, such as the UK and Germany, offer high growth opportunities in thenetwork automation market. Many enterprises in this region are focusing ondeploying highly efficient wireless communication solutions to enhance thenetwork capacity and increase the level of productivity of employees, as theyutilize digital data and innovative software. The European market is growing asthe enterprises or service providers aim to provide better services for thedelivery of carriers to its end-users in this challenging traditional telecomindustry. The demand for such systems is on the rise and has become one of thedriving factors for deploying new technologies. There are many CommunicationService Providers (CSPs) who are working toward improving the efficiency of theexisting spectrum.
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