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Network Automation Market to Exhibit 24.2% CAGR by 2027; Increasing Adoption of Automation Services by IT Majors to Augment Demand

December 14, 2020 | Information & Technology

The global network automation market size is expected to showcase significant growth by reaching USD 22.58 billion by 2027. This is attributable to the increasing adoption of automation services by several major IT companies that propel the demand for advanced network automation globally. Fortune Business Insights, published this information in its latest report, titled, “Network Automation Market Size, Share & COVID-19 Impact Analysis, By Component (Solution, Services), By Network Type (Physical, Virtual, Hybrid), By Deployment (On Premises, Cloud), By Organization Size (Large Enterprises, SMEs), By End User (IT and Telecom, BFSI, Manufacturing, Energy and Utilities, Healthcare, Education, Others), and Regional Forecast, 2020-2027.” The report further observes that the market stood at USD 4.00 billion in 2019 and is likely to exhibit an astonishing CAGR of 24.2% between 2020 and 2027.


Nokia Introduces Cloud-Native Network Automation Software to Improve Operational Efficiency


In February 2020, Nokia, a global leader in 5G, unveiled the advanced Nokia Network Operation Master, the company’s network management portfolio that delivers best-in-class tools for software management, troubleshooting, configuration management, and administration. With the introduction of 5G, the technical complexities will enable the communication service providers (CSPs) to adopt an intelligent management system to deal with rapidly growing numbers of virtual and physical networks, without placing heavy workload on network operation centers. The software from Nokia is an ideal fit and is likely to solve the complexity issues by providing advanced and fast-paced network automation solutions for the enterprises.


Such initiatives by the companies are likely to contribute to the growth of the market in the forthcoming years.


To get a detailed report summary and research scope of this market, click here:


https://www.fortunebusinessinsights.com/network-automation-market-104466


Increasing Adoption of Automation Services by IT Majors to Augment Growth


The high cost sustained by the companies during a manual network operation proves to be a major challenge for them. For instance, as per a report by Cisco, around 95% of network tasks performed manually lead to an increase in cost by 2 to 3 times that the actual cost of the network. Therefore, to reduce the operational costs significantly, and to scale the network operations to gain an edge over their rivals, the companies are adopting network automation to expedite the business processes. This is expected to contribute to the global network automation market growth in the forthcoming years.


Technological Innovations by Prominent Companies to Scale-up Network Automation Capabilities


The global market is consolidated by the presence of major companies that are striving to maintain a stronghold by focusing on introducing technologically advanced network automation services. These companies are focusing on delivering the solutions to leverage the opportunities provided by the high demand for efficient networking solutions amongst the consumers across the globe.


Industry Development:



  • June 2020 – Cisco announced the launch of the new intent-based networking solutions that can efficiently optimize business and network operations. According to the company, the solutions enable the enterprises to have greater control over the operations while providing in-depth insights and enhanced security provisions.


List of the Companies Profiled in the Global Market:



  • 6Connect, Inc. (California, United States)

  • Anuta Networks International, LLC (Dublin, Ireland)

  • AppViewX, Inc. (New York, United States)

  • Apstra, Inc. (California, United States)

  • Arista Networks, Inc. (California, United States)

  • BlueCat Networks, Inc. (Toronto, Ontario)

  • BMC Software, Inc. (Texas, United States)

  • Cisco Systems, Inc. (California, United States)

  • Cumulus Networks, Inc. (California, United States)

  • Entuity, Inc. (London, United Kingdom)

  • Fujitsu Ltd (Tokyo, Japan)

  • HCL Technologies, Ltd (Noida, India)

  • HelpSystems, LLC. (Minnesota, United States)

  • IBM Corporation (New York, United States)

  • Infoblox (California, United States)

  • Intraway Corporation (Argentina)

  • IPsoft, Inc. (New York, United States)

  • Juniper Networks, Inc. (California, United States)

  • NetBrain Technologies, Inc. (Massachusetts, United States)

  • Onapsis Inc. (Massachusetts, United States)

  • Red Hat, Inc. (North Carolina, United States)

  • Riverbed Technology, Inc. (California, United States)

  • Veriflow Systems, Inc. (United States)

  • VMware, Inc. (California, United States)


Further Report Findings:



  • The market in North America stood at USD 1.33 billion and is expected to hold the highest position in the global market during the forecast period. This is attributable to the growing number of data centers and the rapid shift of SMEs towards digitalization in countries such as the U.S. in the region.

  • On the other hand, Europe is anticipated to showcase considerable growth in the forthcoming years. This is ascribable to factors such as the increasing adoption of network automation services by the telecom service providers to deliver optimum service to the consumers in the region between 2020 and 2027.

  • The cloud segment, based on the deployment, is expected to gain momentum backed by the increasing adoption of secure and fast-paced abilities of cloud computing by the organizations globally.


Table of Segmentation:


























































  ATTRIBUTE



  DETAILS



Study Period



  2016–2027



Base Year



  2019



Forecast Period



  2020–2027



Historical Period



  2016– 2018



Unit



  Value (USD billion)



Segmentation



Component; Network Type; Deployment; Organization Size; End User and Region



By Component




  • Solution

    • Network Automation Tools

    • Intent-Based Networking



  • Services

    • Professional

    • Managed





By Network Type




  • Physical Network

  • Virtual Network

  • Hybrid Network



By Deployment




  • On-Premises

  • Cloud



By Organization Size




  • Large Enterprise

  • SMEs



By End User




  • IT and Telecom

  • BFSI

  • Manufacturing

  • Energy and Utilities

  • Healthcare

  • Education

  • Others



By Region




  • North America (Component; Network Type; Deployment; Organization Size; End User; and Country)

    • US (By Network Type)By Network Type

    • Canada (By Network Type)

    • Mexico (By Network Type)exico



  • South America (Component; Network Type; Deployment; Organization Size; End User; and Country)

    • Brazil (By Network Type)

    • Argentina (By Network Type)

    • Rest of South America



  • Europe (Component; Network Type; Deployment; Organization Size; End User; and Country)

    • UK (By Network Type)

    • Germany (By Network Type)

    • France (By Network Type)

    • Italy (By Network Type)

    • Spain (By Network Type)

    • Russia (By Network Type)

    • Benelux (By Network Type)

    • Nordics (By Network Type)

    • Rest of Europe



  • The Middle East and Africa (Component; Network Type; Deployment; Organization Size; End User; and Country)

    • Turkey (By Network Type)

    • Israel (By Network Type)

    • GCC (By Network Type)

    • North Africa (By Network Type)

    • South Africa (By Network Type)

    • Rest of MEA



  • Asia Pacific (Component; Network Type; Deployment; Organization Size; End User; and Country)

    • China (By Network Type)

    • Japan (By Network Type)

    • India (By Network Type)

    • South Korea (By Network Type)

    • ASEAN (By Network Type)

    • Oceania (By Network Type)

    • Rest of APAC




Global Network Automation Market
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  • 2019
  • 2016-2018
  • 180

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