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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Network Automation Market Size
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.
Network Automation Market Report Snapshots
Network Automation Market Size
Network Automation Market Trends
Network Automation Market Share
Network Automation Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the network automation market reached an approximate value of USD 5.91 billion.
The network automation market is expected to grow at a CAGR of 24% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 41.07 billion by 2032.
The market is being driven by the growing demand for enhanced network security, increasing investments in network automation, and the rising popularity of over-the-top platforms.
Key trends aiding market expansion include the growing popularity of connected devices, rising demand for ultra-low latency, and increasing demand for automation of networks in the education industry.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The important network types of network automation are physical, virtual, and hybrid.
The major deployments of network automation are cloud, on-premise, and hybrid.
The significant end uses in the market are IT and telecom, manufacturing, energy and utility, banking and financial services, and education, among others.
Key players in the industry are Juniper Networks, Inc., IBM Corporation, L.P., Backbox Software Ltd., BlueCat Networks, Inc., Cisco Systems, Inc., Park Place Technologies, BMC Software, Inc., HP Development Company, Anuta Networks International LLC, and Micro Focus International Plc, among others.
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