Global Network Automation Market Report and Forecast 2024-2032

Global Network Automation Market Outlook

The global network automation market size was valued at USD 5.91 billion in 2023. The market is further projected to grow at a CAGR of 24% between 2024 and 2032, reaching a value of USD 41.07 billion by 2032.

Key Takeaways

• Currently, 90% of large enterprises have multi-cloud infrastructure.

• In 2022, the United States financial services industry was valued at USD 3.59 trillion.

• Automating manufacturing tasks can save 749 billion work hours, and 64% of manufacturing tasks can be automated.

Network automation is the process of automating the configuration, management, testing, deployment, and operation of both virtual and physical network devices using software, hardware, or a combination of both. Network automation can help network administrators and engineers to reduce human errors, improve efficiency, enhance security, and optimise network performance.

The global network automation market is expected to grow at a substantial rate due to the increasing demand for network bandwidth and scalability, rising adoption of Internet of Things (IoT), cloud computing, big data analytics, and artificial intelligence (AI) applications. Moreover, the need for reducing operational costs and improving network reliability, availability, and agility, by minimising manual interventions and human errors has accelerated the demand for network automation.

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Key Trends and Developments

Rising demand for AI-based network solutions, growth of OTT services, and emergence of 5G networks are boosting the demand for automation in networks

Global Network Automation Market Trends

The emergence of software-defined networking (SDN) and network function virtualisation (NFV) technologies, which enable network automation and orchestration across heterogeneous network environments is fueling the network automation market growth. Moreover, the growing adoption of network automation solutions and services by various industry verticals, such as telecom, IT, banking, healthcare, retail, and manufacturing is leading to network automation market expansion as these solutions enhance the network performance and security.

The robust growth of over-the-top (OTT) services is increasing the demand for high-resolution and quality videos, hence leading to a surge in network traffic. This is increasing the adoption of network automation to model requirements of a network and predict the network demand while analysing failures to enhance its effective use and reduce operational costs, thus augmenting the market growth. Hence, the growing popularity of OTT platforms, such as Netflix, Amazon Prime, Hulu, and Disney+ Hotstar, among others, in emerging economies such as India and Brazil is expected to boost automation of network and is projected to increase the network automation market value.

The rising popularity of connected devices, along with the advent of 5G network, is increasing the demand for automation of the network in the telecommunications industry to maximise the efficiency of the network. The growing demand for ultra-low latency services is increasing the requirement of automation of the network to maintain quality control and surge profitability, which, in turn, leads to network automation market development. Moreover, fierce competition within the industry is surging the requirement to offer quick responses to consumer requests, due to which network providers are increasingly automating their networks to boost agility and efficiency. The growing demand for cost-effective networks is also increasing the automation of network services, which is expected to positively impact the network automation market outlook in upcoming years.

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Market Segmentation

Global Network Automation Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:

Intent-based networking solutions are expected to lead the market share due to the rising adoption of AI-based network security systems

Intent-based networking solutions are anticipated to lead the network automation market share in the forecast period. Intent-based networking solutions includes solutions that use artificial intelligence and machine learning to automate the translation of business goals and policies into network configurations and actions, ensuring alignment and compliance across the network. These solutions offer benefits such as reduced operational complexity, enhanced network visibility and security, and improved network agility and efficiency. Moreover, the increasing need for network automation, the growing demand for self-optimising networks, and the rising adoption of cloud and IoT technologies is increasing the intent-based networking market size. Some of the leading vendors in this segment are Cisco and Juniper Networks.

Moreover, other types of network automation solutions include network automation tools, which include software and hardware tools that enable the automation of network functions, such as configuration, provisioning, monitoring, troubleshooting, and system’s security. The tools can be categorised into network automation platforms, orchestration tools, testing tools, and analytics tools. Furthermore, the network automation tools segment is witnessing a steady growth rate due to the increasing demand for agile and efficient network operations, the growing adoption of cloud and virtualisation technologies, and the rising need for compliance and security in network management.

SD-WAN and network virtualisation includes solutions that enable the creation and management of virtual networks over wide area networks (WANs), using software-defined networking (SDN) and network function virtualisation (NFV) technologies. These solutions offer benefits such as cost reduction, bandwidth optimisation, network scalability, and improved performance and reliability, propelling the network automation market growth. The key drivers for this segment are the increasing demand for cloud-based applications and services, the growing need for simplified and centralised network management, and the rising adoption of multi-cloud strategies.

IT and telecom vertical holds a significant network automation market share because of their complex network architectures and high network traffic

According to network automation market analysis, the IT and telecom vertical is expected to hold the largest market share during the forecast period, as telecom and IT companies are facing high network traffic, which results in high demand for efficient and agile network operations in IT and telecom industries. Network automation enables IT and telecom companies to automate tasks such as configuration, provisioning, testing, troubleshooting, and monitoring of networks. Network automation also helps to reduce human errors, improve network performance, and enhance security.

The manufacturing segment is expected to witness significant growth in the network automation market due to the increasing adoption of Industry 4.0 and smart manufacturing technologies. Network automation allows manufacturing companies to optimise their production processes, reduce operational costs, and improve quality and safety. Network automation also enables the integration of various devices and systems across the manufacturing value chain, such as sensors, robots, machines, and cloud platforms.

In addition, the education sector is expected to show potential growth in the network automation market due to the rising adoption of e-learning and online education platforms. Network automation enables educational institutions to manage and optimise their network resources, improve connectivity and accessibility, and provide a seamless learning experience for students and teachers. Network automation also facilitates the integration of various technologies and digital tools, such as video conferencing, virtual reality, artificial intelligence, and cloud computing, in the education sector.

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Competitive Landscape

The market players are introducing networking platforms to stay ahead in the competition, further increasing their collaboration efforts to foster the adoption of networking solutions.

Other key players in the network automation market analysis include Backbox Software Ltd., BlueCat Networks, Inc., Park Place Technologies, BMC Software, Inc., Anuta Networks International LLC, and Micro Focus International Plc, among others.

Global Network Automation Market Analysis by Region

North America is the prominent region in the market due to its well-established network infrastructure

The North American region is anticipated to hold a dominant position in the network automation market as the region has a well-established network infrastructure, a high adoption of cloud services, and a strong presence of leading network automation vendors, such as Cisco, IBM, Juniper, and VMware. The key drivers for network automation in North America are the increasing network complexity, the growing demand for network security and compliance, and the need for network scalability and efficiency.

According to network automation market report, Europe is the second-largest market for network automation because the region has a diverse network landscape, with varying levels of network infrastructure development and digital transformation across different countries. The region is also home to some of the major network automation vendors, such as Nokia, Ericsson, and Huawei. The key drivers for network automation in Europe are the rising adoption of cloud services, the increasing demand for network optimisation and agility, and the regulatory policies that support network innovation and standardisation.

Moreover, Asia Pacific is the fastest-growing market as the region has a huge potential for network automation, as it has a large and growing population, a booming digital economy, and a rising demand for network bandwidth. The region is also undergoing a rapid network infrastructure development, especially in emerging markets, such as China, India, and Southeast Asia, which can increase the overall network automation market worth. The key drivers for network automation in Asia Pacific are the growing adoption of 5G and IoT technologies, the increasing need for network security and reliability, and the competitive pressure to reduce network operational costs.

Key Highlights of the Report

Network Automation Market Report Snapshots

Network Automation Market Size

Network Automation Market Trends

Network Automation Market Share

Network Automation Companies

Network Automation Market Regional Analysis