Network Automation Market is Poised to Grow at a CAGR of 22.60% by 2031, Supported by Rise in Network Traffic and Cloud Technology

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Network Automation Market Size, Share, Growth Analysis, By Network Type(Physical, Virtual, Hybrid), By Deployment type(On-Premises, Cloud), By Application(IT, Telecom, Manufacturing, Energy), By Region – Industry Forecast 2024-2031

Network Automation Market size was valued at USD 5.40 billion in 2022 and is poised to grow from USD 6.62 billion in 2023 to USD 33.79 billion by 2031, growing at a CAGR of 22.60% in the forecast period (2024-2031).

Network automation is the process of automating the deployment, configuration, testing/validation, and operation of network equipment, either physical or virtual. Data centers are rapidly evolving. This is due to rise in network traffic and cloud technology, which is driving market growth. Today’s cloud-based environment makes the network more important than ever for IT operations. Furthermore, as users use data and computing resources from both remote locations and corporate headquarters, network traffic increases since important servers and data are hosted in the cloud. Several companies are looking for ways to make their networks more cloud ready. Network automation technologies, which improve network administration, are becoming more vital as network traffic increases.

 

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Top Players in the Network Automation Market

  • CISCO (United States)
  • Juniper Networks (United States)
  • IBM (United States)
  • Micro Focus (United Kingdom)
  • NetBrain (United States)
  • Forward Networks (United States)
  • SolarWinds (United States)
  • BMC Software (United States)
  • Anuta Networks (United States)
  • Apstra (United States)
  • BlueCat (Canada)
  • VMware (United States)
  • Entuity (United Kingdom)
  • Veriflow (United States)

From Manual to Automated: Role of Automation in Modern Infrastructure

Network Automation to Provide Automated Solutions: Network automation and orchestration technologies are evolving from niche tasks performed by individual employees within infrastructure and operations (I&O) to delivering robust solutions that allow network operations to become increasingly automated.

Technological Advancements: As the demand for bandwidth and seamless data interchange grows, network automation brings important advancements that enable customers to access network technology that supports several clouds.

 

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Segments covered in Network Automation Market are as follows:

 

  • Solution
    • Network Automation Tools, Intent-based Networking
  • Professional Service
    • Advisory and Consulting Services, Deployment and Integration Services, Training and Support Services
  • Network Type
    • Physical Network, Virtual Network, Hybrid Network
  • Deployment Mode
    • Cloud, On-premises
  • End User
    • Enterprise Vertical, Service Providers
  • Organization Size
    • Large Enterprises, Small and Medium Enterprises
  • Enterprise Vertical
    • Information Technology, Banking, Financial Services, and Insurance (BFSI), Manufacturing, Healthcare, Energy and Utilities, Education, Others

 

Product Launches and Global Expansion in Network Automation

The global network automation market is fragmented and extremely competitive. Companies are working on new product launches and other efforts to provide better equipment to their customers and expand their operations internationally. These industry leaders are diversifying their customer base in a variety of ways, and many are forming strategic and creative partnerships with other start-ups to increase network automation market share and profitability.

 

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What Key Players are Bringing to Network Automation

  • May 2024: Riverbed launched its Riverbed Platform, which contains observability capabilities designed to help enterprise network managers identify blind spots in public cloud, zero trust, and SD-WAN designs, as well as remote work environments.
  • May 2024: Gluware, a leader in smart network automation, announced its participation in ONUG Spring 2024, which was held on May 15-16 in Dallas, Texas. Gluware will facilitate and participate in multiple debates about AI and the revolutionary effects of prebuilt intelligent network automation solutions for organizations.
  • May 2024: IBM announced a deal to transfer its QRadar SaaS assets to Palo Alto Networks, kicking off a new relationship between the two companies. QRadar has long been part of IBM’s product line, beginning as a security information and event management (SIEM) system and then extending to incorporate other functions such as extended detection and response (XDR).

Role of AI and 5G Investments in Network Automation

The use of cutting-edge technologies such as DevOps, SD-WAN, and intent-based networking is fueling the expansion. The network automation market has grown in response to rising demand for deep learning AI algorithms for remotely controlling network equipment, and greater investment in 5G initiatives. These algorithms enable market participants to provide superior automation technologies to their end consumers, such as image processing and speech recognition.

 

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