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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
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.
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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