Network Automation Market worth over $30 Bn by 2028

Network Automation Market size is set to surpass USD 30 billion by 2028, according to a new research report by Global Market Insights Inc.
 

Upsurge in the demand for data center networks to replace small tenants from creating high congestion within a network is expected to propel the network automation industry growth. Datacenter networking is used to accommodate various network resources by interconnecting the network equipment. A conventional data center comprises networking equipment, a networking addressing scheme, and internet connectivity for successful communication within the network. With the surging growth of data and networking devices, manual approaches in network configuration are becoming tedious and erroneous. Automation of networks provides centrally & remotely managed network automation at reduced IT costs.
 

Increasing demand for seamless connectivity

The wireless network automation market is poised to witness a CAGR of over 30% through 2028 driven by increasing need for seamless internet connectivity by eliminating the dependency on physical network devices. The adoption of wireless networking services increases the mobility and productivity of the business, allowing employees to access the data anywhere and anytime. Cisco, Aruba, Netgear & Verizon Wireless are some of the leading wireless network service providers, offering innovative solutions to their end-users.
 

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Increasing adoption of cloud-based services to foster demand for virtual network

The virtual network segment held around 25% of the network automation market share in 2021 led by growing demand for software-defined architecture and a surge in the adoption of cloud-based services. Moreover, an increasing number of web-based applications and a rise in the adoption of hyper-scale cloud networking are also projected to augment market growth.
 

Browse key industry insights spread across 300 pages with 448 market data tables and 46 figures & charts from the report, “Network Automation Market Size By Component (Software [Intent-based Networking, SD-WAN, Network Automation Tools], Service [Professional Service, Managed Service]), By Type (Local Area Network (LAN), Wide Area Network (WAN), Data Center Networks, Cloud Networks, Wireless Networks), By Network Infrastructure (Physical Network, Virtual Network, Hybrid Network), By Deployment Type (On-premise, Cloud), By Application (Manufacturing, Telecom & IT, Healthcare, Energy & Utilities, BFSI), COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2022 – 2028”, in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/network-automation-market
 

Rising demand for cloud-based software solutions to reduce IT costs

The cloud deployment model is set to register a growth rate of above 35% through 2028. Cloud-based network automation solutions are affordable compared to on-premise solutions as businesses do not need to invest heavily to procure additional hardware equipment. Cloud service vendors offer greater stability to the system due to regular updates from system web-based software applications. Furthermore, a surge in the adoption of cloud-based services by enterprises across various industry verticals will have a positive impact on the industry statistics.
 

Digitalization of back-end operations in BFSI

The BFSI segment captured significant share of network automation market in 2021 owing to the increasing need to digitalize and adopt the Banking as a Service (BaaS) model. Digitalization in the banking sector will assist banks to automate their front & back-office operations. The adoption of network automation solutions in the banking sector will assist vendors to automate their IT operations, increasing the productivity and efficiency of business IT operations by around 60%.
 

Emergence of SDN and NFV technologies in Europe

The Europe network automation market is anticipated to generate nearly USD 4 billion revenue by 2028. The emergence of SDN and NFV technologies in the region is a major factor driving the market. Moreover, a rise in the adoption of Industry 4.0 technology has enabled service providers to increase their market presence, especially in the manufacturing sector. However, the growing usage of automation solutions to lower OPEX & CAPEX expenditures is also fueling the industry demand.
 

Leading players to focus on strategic partnerships as a major strategy

Companies are focusing on partnership networks to gain competitive insight. For instance, in October 2021, Brillio, a global digital technology consulting and solutions company, signed a partnership agreement with Ciena, an American telecommunications networking equipment company, to develop a network automation suite. This launch helped the company to strengthen its portfolio and acquire a competitive position in the market.
 

Some of the key players operating in the network automation market include 6Connect, Inc., Anuta Networks International, LLC, Apstra, Inc., Arista Networks, Inc., BlueCat Networks, Inc., BMC Software, Inc., Cisco Systems, Inc., Cumulus Networks, Inc., Efficient IP, Entuity, Inc., Ericsson, Fujitsu Ltd., Gluware, Inc., HCL Technologies, Ltd.,            Huawei Technologies Co. Ltd., IBM Corporation, Intraway Corporation, IPsoft, Inc., Itential, LLC., Juniper Networks, Inc., Micro Focus International Plc., NEC Corporation, NetBrain Technologies, Inc., Network to Code, LLC. , Nokia,  Riverbed Technology, Inc., SolarWinds Worldwide LLC., VMware,, Inc., and Wavestone.