Network Automation Market size worth over $18 Bn by 2026
Published Date: March 28, 2020 Authors: Preeti Wadhwani, Smriti Loomba
Network automation Market size is set to surpass USD 18 billion by 2026, according to a new research report by Global Market Insights, Inc.
SDN infrastructure and network virtualization along with integration into existing networks of the organization will drive the network automation industry growth. 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. Moreover, an increase in data center usage and a surge in complexities of existing networks to manage resources are expected to create new opportunities for the network automation market.
Increasing demand for seamless connectivity to drive wireless networks market revenue
The wireless network segment is expected to witness over 25% CAGR through 2026 owing 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 virtual network automation market
The virtual network segment is anticipated to register growth rate of around 30% from 2020 to 2026 owing to 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 outlook.
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 nearly 30% of the network automation market revenue share in 2019. Private cloud is exclusively used by organizations to provide their web-based solutions to end-users with high flexibility and scalability. However, 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 poised to further spur market growth.
Digitalization of back-end operations to augment the market across the BFSI sector
The BFSI segment is projected to see growth of about 25% CAGR through 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 is estimated to observe 20% growth rate till 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 usage of automation solutions to lower OPEX & CAPEX expenditures and to improve the compliance of configuration policies of companies will fuel the network automation solutions demand.
Increasing investments by network automation vendors to create new market opportunities
The industry 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.
Some of the key players operating in the network automation market 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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