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Network Automation Market Size

Report ID: GMI2805
Published Date: Jan 2022
Report Format: PDF

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Network Automation Market Size

Network Automation Market size exceeded USD 5 billion in 2021 and is estimated to grow at nearly 30% CAGR between 2022 and 2028.

Increasing need for network bandwidth, visibility, and adoption of connected devices is likely to drive the industry growth. Telecom operators and managed service providers use network automation technology to reduce the Mean Time To Repair (MTTR), avoid SLA violations, and maximize visibility to improve uptime. Furthermore, the adoption of SD-WAN infrastructure and increased network downtime due to errors will drive the market demand. The increase in demand for virtualization technology is supporting the market revenue.

Network Automation Market

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The COVID-19 restrictions around the globe resulted in an upsurge in work-from-home across various industry verticals. This growing work-from-home trend resulted in the increasing demand for strong network for data transitions.

Network Automation Market Report Attributes
Report Attribute	Details
Base Year:	2021
Network Automation Market Size in 2021:	5 Billion (USD)
Forecast Period:	2022 to 2028
Forecast Period 2022 to 2028 CAGR:	30%
2028 Value Projection:	30 Billion (USD)
Historical Data for:	2018 to 2020
No. of Pages:	300
Tables, Charts & Figures:	494
Segments covered:	Type, Component, Network Infrastructure, Deployment Type, Application and Region
Growth Drivers:	Surge in the adoption of smart connected devices Rise in investment by network automation solution vendors Increasing demand for network virtualization & SDN infrastructure Escalation in error rates by manual systems Increasing adoption of cloud-based services
Pitfalls & Challenges:	Lack of skilled professionals Presence of open source automation tools

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Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of network automation size surpassed USD 5 billion in 2021 and is anticipated to record a 30% CAGR through 2028, says this GMI report.

The intent-based networking software held close to 20% of the market share in 2021 in Canada and will see expansion with the thriving demand for proactive monitoring with predictive automation.

The North American market is expected to register around USD 14 billion revenue by 2028 owing to the higher deployment of advanced technologies, including intent-based networking, SD-WAN, and DevOps.