Vancouver, Oct. 09, 2023 (GLOBE NEWSWIRE) -- The global network automation market is expected to reach a value of USD 39.27 Billion in 2032, at a rapid revenue CAGR of 23.7%, according to latest analysis by Emergen Research. Revenue growth of the market can be attributed to increasing use of automated solutions by major market players in almost all sectors. Automated solutions are mostly adopted to increase productivity, reduce downtime, and eliminate human errors.
Increasing use of connected devices is driving growth of the global network automation market significantly. Moreover, increase in use of data-driven systems results in rising network traffic, which is increasing demand for network automation and is thus, playing an important role in market growth. Significant increase in use of cloud technology among SMEs, and reduction in the cost of operation due to adoption of network automation tools are expected to provide a major thrust to the global market.
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Scope of Research
| Report Details | Outcome |
| Market size in 2020 | USD 3.04 Billion |
| CAGR (2023–2032) | 23.7% |
| Revenue forecast in 2032 | USD 39.27 Billion |
| Base year for estimation | 2019 |
| Historical data | 2017–2019 |
| Forecast period | 2023–2032 |
| Quantitative units | Revenue in USD Billion and CAGR in 23.7% from 2023 to 2032 |
| Report coverage | Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
| Segments covered | Network type, solution, end-use, and region |
| Regional scope | North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
| Country scope | U.S., Canada, Mexico, Germany, UK, France, Italy, Spain, BENELUX, Ireland, Rest of Europe, China, India, Japan, South Korea, Rest of APAC, Brazil, Rest of LATAM, Saudi Arabia, UAE, South Africa, Turkey, Rest of MEA |
| Key companies profiled | 6Connect, Inc., Anuta Networks International, LLC, AppViewX, Inc., Apstra, Inc., Arista Networks, Inc., Cisco Systems Inc., Cumulus Networks Inc., Fujitsu Ltd, HCL Technologies, IBM Corporation, VMware Inc. |
| Customization scope | 10 hours of free customization and expert consultation |
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Major Companies and Competitive Landscape
The global network automation market is moderately fragmented, with a large number of startups being established. Some prominent players operating in the global network automation market are:
- 6Connect Inc.
- Anuta Networks International LLC
- AppViewX, Inc.
- Apstra, Inc.
- Arista Networks, Inc.
- BlueCat Networks, Inc.
- MC Software, Inc.
- Cisco Systems, Inc.
- Cumulus Networks, Inc.
- Entuity, Inc.
Strategic Developments
- In January 2021, Ericsson launched 5G RAN to boost 5G business growth. The purpose of this launch is to support business models and strengthen network slicing capabilities.
- In January 2020, Netrounds announced Zero Touch Provisioning and Testing (ZTPT), in partnership with Itential, in order to demonstrate the benefits that can be achieved by Communication Service Providers (CSPs) and global enterprises.
- In January 2018, Aptira joined the LINUX foundation networking project. The purpose of this project is to bring network-based projects of LINUX, such as OPNFV, ONAP, and ODL under the umbrella of one government unit.
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Key Highlights of the Report
- In January 2020, Netrounds announced Zero Touch Provisioning and Testing (ZTPT), in partnership with Itential, in order to demonstrate the benefits that can be achieved by Communication Service Providers (CSPs) and global enterprises.
- In January 2018, Aptira joined the LINUX foundation networking project. The purpose of this project was to bring network-based projects of LINUX, such as OPNFV, ONAP, and ODL, under the umbrella of one government unit.
- Network automation tools segment revenue is expected to grow at a rapid CAGR of 23.9% during the forecast period, which can be attributed to increasing adoption of network automation tools by organizations to achieve zero error in network operations.
- Technological advancements in the field of network automation, such as Network Configuration Management (NCM) developed by ManageEngine, are contributing to growth of the market.
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For this report, Emergen Research has segmented the global network automation market based on network type, solution, end-use, and region:
- Network Type Outlook (Revenue, USD Billion; 2019–2032)
-
-
- Physical
- Virtual
- Hybrid
-
- Solution Outlook (Revenue, USD Billion; 2019–2032)
- Network Automation Tools
- SD-WAN and Network Virtualization
- Intent-based Networking
- End-use Outlook (Revenue, USD Billion; 2019–2032)
- IT and Telecom
- Manufacturing
- Energy and Utility
- Banking and Financial Services
- Education
-
- Physical
- Virtual
- Hybrid
- Regional Outlook (Revenue, USD Billion; 2019–2032)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- BENELUX
- Ireland
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- UAE
- South Africa
- Turkey
- Rest of MEA
- North America
-
- Physical
- Virtual
- Hybrid
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