According to estimates, the market for network automation would reach US$ 4.4 billion by 2023. The network automation market analysis report predicts that between 2023 and 2033, it will grow at a CAGR of 23%. By the conclusion of the projected year, according to this FMI research, the market’s net valuation will have increased to US$ 34.8 billion.
Due to increased connected device usage, the advent of hybrid workplaces, and 5G-driven applications, the market is predicted to grow quickly. Additionally, it is predicted that a growing emphasis on network virtualization could speed up the growth of the network automation industry. The use of services supported by network automation in emerging markets and sectors like BFSI, manufacturing, and retail is also promoting market expansion.
Key Takeaways from the Network Automation Market Study Report
- The United States is the leading region in the adoption of network automation solutions and services. The country contributed nearly 30% of the global revenue.
- India and China are the two remarkably growing economies for the network automation market in the Asia Pacific region.
- Until 2022 and the preceding years, the network automation solution segment dominated the market with a 70% revenue share. However, the services segment is picking rapidly and is estimated to progress at a rate of 25.5% during the forecast years.
- The on-premises segment for the deployment of network automation held a market share of 55% in the year 2022. Meanwhile, the deployment of cloud network automation solutions is getting rapidly popular and is expected to register a CAGR of 25% through 2033.
- Based on different network types, the virtual network segment is projected to grow at an annual average rate of 24%. Meanwhile, the hybrid network segment is anticipated to follow closely with an annual growth rate of 23.5%.
Competitive Landscape for the Market Players
Anuta Networks, IBM Corporation, VMware, Juniper Networks, Cisco Systems Inc., and Fortinet, Inc. are a few well-known industry participants. These firms are working together with telecom providers, advertising, and local players to outperform their rivals and take a big chunk of the market.
The Unified Functional Testing (UFT) platform is a single collection of network solutions. It is created to lessen the time and complexity of automated functional testing procedures. In July 2020 this portfolio received extended support from Micro Focus for the integration of Artificial intelligence.
Recent Developments by the Network Automation Service Providers
Juniper Networks Inc. combined its JUNOS-based data-center networking platform with Apstra’s network automation projects in the year 2021. The automation platforms of Apstra are based on an agile, multi-user architecture. As this partnership gets deeper towards autonomous networks powered by AI, the unified platform might help them optimize their business processes.
To help Chief Information Officers automate IT processes for increased resilience and cheaper costs, IBM released a new Al & intelligent network automation in May 2020. The new IBM Watson AlOps product leverages artificial intelligence. To simplify how businesses identify, analyze, and react to IT abnormalities on a real-time basis.
To provide sophisticated network automation open source, Juniper Networks, and Anuta Networks teamed up in June 2020. The Anuta ATOM framework is now included in Juniper’s current line of automation tools. This already includes Juniper HealthBot, Juniper NorthStar, and Junos Telemetry.
Hewlett Packard Corporation and OPTAGE, which is a Japanese telecommunications company teamed up in January 2022. The capacity of its HPE 5G Core Stack for its local networks to satisfy corporate customer expectations for diverse end users has been assessed by OPTAGE.
Key Segments Covered by Network Automation Industry Survey Report
Network Automation Industry Segment by Solution Type:
- Intent-based Networking Solutions or Platforms
- SD-WAN & Network Virtualization Tools
- Configuration Management Tools
- Other Network Automation Tools
Network Automation Industry Segment by Service Type:
- Consulting Services
- Advisory, Analytics & Automation Services
- Training & Support Services
- Deployment & Integration Services
- Other Services
Network Automation Industry Segment by Network Type:
- Physical Network
- Virtual Network
- Hybrid Network
Network Automation Industry Segment by Deployment Mode:
- On-premise Deployment
- Cloud Deployment
- Hybrid Deployment
Network Automation Industry Segment by Application:
- Enterprise Vertical
- Service Provider
Network Automation Industry Segment by Organization Size:
- Small & Medium Size Enterprises (SMEs)
- Large Enterprises
Network Automation Industry Segment by End User:
- Banking, Financial Services, and Insurance (BFSI)
- Information Technology (IT) & Telecommunication
- Manufacturing & Retail
- Healthcare
- Energy & Utilities
- Education
- Media & Entertainment
- Government & Defense
- Other End User
Network Automation Industry Segment by Region:
- North America Market
- Latin America Market
- Europe Market
- East Asia Market
- South Asia and Pacific Market
- The Middle East and Africa (MEA) Market
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