Network Automation Market worth over $18bn by 2026
Published Date: March 28, 2020 Authors: Ankita Bhutani, Preeti Wadhwani
Network automation Market size is set to exceed USD 18 billion by 2026, according to a new research report by Global Market Insights, Inc.
Increasing demand for SDN infrastructure to spur the adoption of network automation solutions
The network automation market has witnessed an upsurge in the demand for SDN infrastructure and network virtualization, to be integrated into existing networks of the organization. The deployment of automation tools has brought significant changes in the way resources were being deployed, scaled, and managed to gain benefits from such a network. In addition, an increase in data center usage and a surge in complexities of existing networks to manage resources are expected to create new market opportunities.
Increasing demand for seamless connectivity to drive market growth of wireless networks
The wireless network segment is expected to witness a steady growth rate of over 25% during the forecast timeline due to advancements in wireless technologies such as IoT, big data, and ZigBee. The emergence of wireless technologies has enabled the demand for BYOD amongst enterprises, allowing employees to access data anywhere and anytime.
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Surging adoption of cloud-based services to propel the virtual network automation market
The virtual network segment is anticipated to register steady gains of around 30% from 2020 to 2026. This is attributed to an increase in the demand for software-defined architecture and a rising number of web-based applications being hosted on hyper-scale cloud networks. Network automation in virtualized environments automates the provisioning of virtual servers and improves flexibility, driving the overall market growth.
Browse key industry insights spread across 279 pages with 408 market data tables and 43 figures & charts from the report, “Network Automation Market Size By Component (Software [Intent-based networking, SD-WAN, Network Automation Tools], Service [Professional Service, Managed Service]), By Type (Local Area Network (LAN), Wide Area Network (WAN), Data Center Networks, Cloud Networks, Wireless Networks), By Network Infrastructure (Physical Network, Virtual Network, Hybrid Network), By Application (Manufacturing, Telecom & IT, Healthcare, Energy & Utilities, BFSI), By Deployment Type (On-Premise, Cloud), Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2020 – 2026” in detail along with the table of contents:
Increasing market demand for cloud-based network automation to reduce IT costs
The cloud deployment model segment held over 30% of the global market revenues in 2019. Private cloud is exclusively used by organizations to provide their web-based solutions to end-users with high flexibility and scalability.
In addition, the hybrid cloud consists of both public cloud and private cloud infrastructure, enabling organizations to avail the advantages of both functionalities. A surge in the adoption of cloud-based services by enterprises across various industry verticals is expected to further spur market revenue.
Digitalization of back end operations to drive the network automation market across the BFSI sector
The BFSI application segment is projected to expand at more than 25% CAGR till 2026. The increasing adoption of the Banking-as-a-Service (BaaS) model is enabling users to adopt advanced financial techniques at affordable prices. Digitalization in the banking sector is assisting banks to automate their front & back-office operations. Automation of networks is also enabling BFSI enterprises to reduce errors caused by manual configurations, creating new market opportunities for revenue growth and lowered IT costs.
Growing uptake of network automation to configure compliance is propelling the market growth in Europe
The Europe network automation market will observe growth of over 20% through 2026. An increase in the presence of start-ups in Europe has driven the market demand in the past few years. An increase in the adoption of automation solutions to lower OPEX & CAPEX expenditures and to improve the compliance of configuration policies of companies will fuel the adoption of network automation solutions.
Increasing investments by network automation vendors to create new market opportunities
The network automation market is characterized by an upsurge in investments by network automation vendors to strengthen their market presence. A surge in the demand for Intent-based Networking (IBN) systems & SD-WAN technologies has disrupted the market and helped many start-ups to enter into such markets.
In July 2018, Cisco invested USD 60 million in Avi Networks to deliver enterprise applications in the data center networks. In addition, AT&T also invested USD 200 million in start-ups to provide enhanced software-defined networking solutions to end-users.
Some of the key players operating in the industry include 6Connect, Inc., Anuta Networks International, LLC, Apstra, Inc., Arista Networks, Inc., BlueCat Networks, Inc., BMC Software, Inc., Cisco Systems, Inc., Cumulus Networks, Inc., Efficient IP, Entuity, Inc., Fujitsu Ltd., Gluware, Inc., HCL Technologies, Ltd., HelpSystems, LLC., IBM Corporation, Infloblox, Intraway Corporation, IPsoft, Inc., Itential, LLC., Juniper Networks, Inc. Micro Focus International Plc, NetBrain Technologies, Inc., Network to Code, LLC., Onapsis Inc., Puppet, Inc., Red Hat, Inc., Riverbed Technology, Inc., SolarWinds Worldwide LLC., Veriflow Systems, Inc., and Wavestone.
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