Global Network Automation Market Highlights Over 2022- 2031

The global network automation market is estimated to garner revenue by growing at a ~22% CAGR over the forecast period, i.e., 2022 – 2031. Moreover, the market registered a revenue of approximately USD 15.0 billion in the year 2021. The growth of the market can be attributed to enterprises’ demand for automated networks which is driven by improved network architectures and management tools. Moreover, an automated infrastructure reduces the number of manual operations, lowering the operational cost. As per the World Bank, the percentage of individuals using the internet has increased from 7% in 2000 to 60% in 2020. Hence, the network system has become complex to the fact that more people are dependent on the internet for their daily work and it can be simplified only with the help of automation.

GET A SAMPLE COPY OF THIS REPORT
 

The COVID-19 pandemic had a positive impact on the network industry owing to the shift in working culture in the form of working from home. Moreover, after the pandemic, there has been an increment in the network’s overall data volume. For instance, Verizon, a company that offers wireless products and services reported that the overall data volume across its networks has climbed 19% from pre-COVID levels. On the other hand, lockdown measures not only shifted work from the office to home but also increased internet traffic. Hence, the demand for network automated solutions has increased to control internet traffic. Consequently, IT sector operations were handled through an automation process during COVID-19.

The global network automation market is segmented by enterprises into small & medium enterprises and large enterprises. The large enterprise segment is anticipated to hold the largest share of the global network automation market over the forecast period. This can be attributed to the high cost of setting up an automation network that large organizations can afford.   Furthermore, automation improves network capabilities with a higher return on investment and lowers large enterprises operational costs by replacing manual processes with automated infrastructure.

Global Network Automation Market Regional Synopsis

Regionally, the global network automation market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa region. The North America region in the global network automation market is estimated to witness noteworthy growth over the forecast period on the back of greater reliance of the population on the network owing to the better standard of living. Moreover, major players that act as technological innovators operate in the region, giving the region supremacy in artificial intelligence (AI). According to the United Nations Conference on Trade and Development, North America has digital platforms that gather a large amounts of data from global user bases. The nation has been competing for global superiority in AI and is expected to contribute USD 3.7 trillion to the global economy by the end of 2030.

Market Segmentation

Our in-depth analysis of the global network automation market includes the following segments:

By End-User

• Healthcare

• Telecom & IT

• Energy & Utilities

• Manufacturing

• Others

By Enterprise

• Small & Medium Enterprises

• Large Enterprises

By Deployment

• On-Premise

• Cloud

• Hybrid

Growth Drivers and Challenges Impacting the Growth of the Global Network Automation Market

Growth Drivers

• Requirement to control the network traffic

• Need for advanced technology infrastructure

• Reducing the operational costs of enterprises

Challenges

• High cost for installation of network automation system

• Lack of skilled employees for the automated network

Key Companies Dominating the Global Network Automation Market

Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the global network automation market that are included in our report are Micro Focus International plc, Cisco Systems, Inc., IBM Corporation, Telefonaktiebolaget LM Ericsson, NetBrain Technologies, Inc., Versa Networks, Inc., BMC Software, Inc., BackBox Software Ltd., HCL Technologies Ltd, Forward Networks, Inc, and others.

Latest Developments in the Global Network Automation Market:

• 10 March 2021: Cisco Systems, Inc., announced a collaboration with NEC Corporation in relation to the connection to be provided across Brazil to Telefonica Vivo for the launch of its 5-G IP transport network.

• 28 June 2021: IBM Corporation announced the new hybrid cloud AI-powered automation software to make the adoption of 5G networks easy. This software will support the communication service providers through improved networking and deliver advanced services.

Key Reasons to Buy Our Report

• The report covers detailed analysis comprising market share attained by each market segment and its sub-segments.

• It covers market dynamics including growth drivers, trends, potential opportunities, price trend analysis and challenges that impact the market growth.

• The report includes detailed company profiles of the major players dominating the market.

• We use effective research methodologies to calculate the market numbers and provide value-added assessment for overall growth.

• We provide customized reports as per the clients’ requirement helping them to see possible and unexpected challenges and unforeseen opportunities in order to help them reach their goal.

Geography Analysis:

The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:

• North America (U.S. & Canada) Market Size, Y-O-Y Growth, Market Players Analysis & Opportunity Outlook
• Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market Size, Y-O-Y Growth Market Players Analys  & Opportunity Outlook
• Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Middle East and Africa  (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market Size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook

.