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Network Automation Market Size
- Report ID: GMI2805
- Published Date: Jan 2022
- Report Format: PDF
Network Automation Market Size
Network Automation Market size exceeded USD 5 billion in 2021 and is estimated to grow at nearly 30% CAGR between 2022 and 2028.
Increasing need for network bandwidth, visibility, and adoption of connected devices is likely to drive the industry growth. Telecom operators and managed service providers use network automation technology to reduce the Mean Time To Repair (MTTR), avoid SLA violations, and maximize visibility to improve uptime. Furthermore, the adoption of SD-WAN infrastructure and increased network downtime due to errors will drive the market demand. The increase in demand for virtualization technology is supporting the market revenue.
The COVID-19 restrictions around the globe resulted in an upsurge in work-from-home across various industry verticals. This growing work-from-home trend resulted in the increasing demand for strong network for data transitions.
| Report Attribute | Details |
|---|---|
| Base Year: | 2021 |
| Network Automation Market Size in 2021: | 5 Billion (USD) |
| Forecast Period: | 2022 to 2028 |
| Forecast Period 2022 to 2028 CAGR: | 30% |
| 2028 Value Projection: | 30 Billion (USD) |
| Historical Data for: | 2018 to 2020 |
| No. of Pages: | 300 |
| Tables, Charts & Figures: | 494 |
| Segments covered: | Type, Component, Network Infrastructure, Deployment Type, Application and Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Frequently Asked Questions (FAQ) :
Network Automation Market Scope
