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| Network Automation Market |
Market Overview:
The global network automation market is estimated to be valued at US$ 14.56 Bn Bn in 2022 and is expected
to exhibit a CAGR of 23.4% over the forecast period of 2022-2030. Network
automation refers to the use of software and technologies to automate the
management, provisioning, and operation of networks. It offers several advantages
such as improved network efficiency, reduced operational costs, enhanced
security, and minimized human errors. With the increasing complexity of network
infrastructure and the growing demand for efficient and reliable network
management solutions, the adoption of network automation products is expected
to witness significant growth.
Market Key Trends:
One key trend in the network automation market is the increasing adoption of
artificial intelligence (AI) and machine learning (ML) technologies. AI and ML
are being utilized in network automation solutions to enable predictive
analytics, autonomous troubleshooting, and intelligent decision-making. These
technologies enable networks to self-optimize and adapt to changing conditions,
resulting in improved performance and reduced downtime. Moreover, AI and ML
algorithms can analyze vast amounts of network data in real-time, providing
valuable insights for network management and optimization. The integration of
AI and ML technologies with network automation solutions is expected to drive
innovation and efficiency in network operations, attracting more organizations
to adopt these advanced solutions.
Segment Analysis:
The network automation market can be segmented based on deployment type,
solution, network infrastructure, and end-use industry.
Based on deployment type, the dominant segment in the network automation market
is the cloud-based deployment. Cloud-based deployment offers several advantages
such as scalability, flexibility, ease of implementation, and
cost-effectiveness. With the increasing adoption of cloud computing and the
growing demand for virtualization, the cloud-based deployment segment is
expected to witness significant growth in the forecast period.
In terms of solutions, the network automation market can be divided into
network automation tools, SD-WAN automation, and intent-based networking. The
dominating segment in this category is expected to be network automation tools.
Network automation tools help in automating routine network tasks, improving
operational efficiency, reducing errors, and enhancing network security. As
organizations strive to streamline their network management processes and
reduce human intervention, the demand for network automation tools is expected
to increase.
Based on network infrastructure, the network automation market can be
categorized into physical network infrastructure and virtual network
infrastructure. The dominating segment in this category is virtual network
infrastructure. Virtual network infrastructure enables organizations to create,
manage, and secure virtual networks, providing agility, scalability, and cost
savings. With the increasing adoption of virtualization technologies and the
growing popularity of software-defined networking (SDN), the demand for virtual
network infrastructure is expected to rise.
Key Takeaways:
• The global Network
Automation Market Share is expected to witness high growth, exhibiting
a CAGR of 23.4% over the forecast
period from 2022 to 2030. This growth can be attributed to several factors such
as the increasing adoption of cloud computing, the rising demand for network
virtualization, and the need for efficient network management solutions.
• In terms of regional analysis, North America is expected to be the fastest-growing
and dominating region in the network automation market. This can be attributed
to factors such as the presence of key market players, advanced IT
infrastructure, and the early adoption of automation technologies in the
region. Additionally, the growing demand for network security and the
increasing trend of digital transformation are driving the adoption of network
automation solutions in North America.
• Key players operating in the network automation market include Cisco Systems
Inc., Extreme Networks Inc., Juniper Networks Inc., VMware Inc., SaltStack
Inc., BMC Software Inc., Hewlett Packard Enterprise Development LP, Nuage
Networks (Nokia Networks), IBM Corporation, NetBrain Technologies Inc.,
AppViewX Inc., Micro Focus International PLC, Fujitsu Limited, Arista Network
Inc., SolarWinds Inc., Forward Networks Inc., and Network Automation Inc. These
key players are focusing on strategic partnerships, acquisitions, and product
innovations to strengthen their market position and meet the evolving customer
demands in the network automation market.
Read More,
https://www.newsstatix.com/network-automation-market-isize-market-share-analysis/
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