Network Automation Market Size, Share, Industry Trends and Forecast to 2030

Network Automation Market Size & CAGR in 2021

The global network automation market is estimated to have a market size of USD 7.21 billion in 2021, with a Compound Annual Growth Rate (CAGR) of 21.5% from 2021 to 2026. The increasing need for efficient network management, the rising adoption of artificial intelligence and machine learning technologies, and the growing demand for network virtualization are some of the key factors driving the growth of the network automation market.

COVID-19 Impact on the Network Automation Market

The COVID-19 pandemic has had a significant impact on the network automation market. With the sudden shift to remote work and the increased reliance on digital communication, the importance of network automation has become more glaring than ever. Organizations are now looking to automate their network management processes to ensure seamless connectivity, enhanced security, and improved efficiency in a remote working environment.

Network Automation Dynamics

The dynamics of the network automation market are driven by various factors such as the increasing complexity of networks, the need for faster network provisioning, the demand for greater network security, and the growing adoption of Software-Defined Networking (SDN) and Network Functions Virtualization (NFV) technologies. These dynamics are shaping the evolution of the network automation landscape and driving innovation in the industry.

Segments and Related Analysis

The network automation market can be segmented based on the component, deployment mode, network infrastructure, end-user, and region. The component segment includes solutions and services, while the deployment mode segment includes cloud-based and on-premises deployment. The network infrastructure segment covers wired and wireless network infrastructure, and the end-user segment includes enterprises and service providers.

By Region Analysis

In terms of regional analysis, North America dominates the network automation market, followed by Europe and Asia Pacific. The presence of key market players, technological advancements, and high adoption rates of network automation solutions in industries such as IT, telecommunications, and BFSI contribute to the growth of the market in these regions.

Key Market Players and Competitive Landscape

Some of the key players in the network automation market include Cisco Systems, Juniper Networks, IBM Corporation, Hewlett Packard Enterprise, VMware Inc., BMC Software, and Micro Focus. These players are focusing on product innovation, strategic partnerships, and mergers and acquisitions to gain a competitive edge in the market.

Recent Happenings in the Network Automation Market

1. In May 2021, Cisco Systems announced the launch of new network automation solutions to help organizations streamline their network operations and improve efficiency. 2. Juniper Networks introduced AI-driven network automation capabilities in their product portfolio to enable autonomous networking and self-healing networks. 3. IBM Corporation expanded its network automation offerings with the acquisition of a leading network automation software provider, enhancing its capabilities in the market. 4. Hewlett Packard Enterprise launched a new network automation platform to simplify network management and enhance security in multi-cloud environments. 5. VMware Inc. collaborated with leading network automation vendors to integrate their solutions into their network virtualization platform, offering comprehensive automation capabilities to customers.