The global network automation market is currently valued at approximately US$ 4.4 billion in 2023. According to forecasts, it is expected to grow at an annual rate of around 23% over the forecast period. With this remarkable growth rate, it is projected that the total market value will reach approximately US$ 34.8 billion by the year 2033.
The market is expected to see rapid expansion, due to rising connected device usage, the emergence of hybrid workspaces, and 5G-driven applications. Moreover, it is projected that an increasing focus on using network virtualization may accelerate network automation market growth.
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Key Takeaways from the Network Automation Market Report:
The network automation market has seen significant developments, with the United States leading in adoption, contributing nearly 30% of global revenue. In the Asia Pacific region, India and China are emerging as strong players. While network automation solutions have traditionally dominated, services are rapidly gaining traction, expected to progress at a rate of 25.5% in the coming years. Cloud deployment is on the rise, with an anticipated CAGR of 25% by 2033, while on-premises solutions still hold a significant market share. In terms of network types, virtual networks are projected to grow at 24% annually, closely followed by hybrid networks at 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.
Leading Key Players in the Market
Major key players in the network automation market include Juniper Networks Inc., Hewlett Packard Enterprise Development LP, Fujitsu Limited, Red Hat, Inc., Itential, NetYCE, Nokia Corporation, NVIDIA Corporation, Anuta Networks, Apstra Inc., BlueCat Networks Inc., BMC Software Inc., Entuity Inc., Forward Networks, Fortinet, Inc., IBM Corporation, Micro Focus International PLC, Riverbed Technologies Inc., Solar Winds Inc., Vmware Inc., 6Connect, Inc., Anuta Networks International, LLC, AppViewX, Inc., Arista Networks, Inc., Cisco Systems, Inc., Cumulus Networks, Inc., HCL Technologies, Ltd, HelpSystems, LLC., Infoblox, Intraway Corporation, IPsoft, Inc., NetBrain Technologies, Inc., Onapsis Inc., and Veriflow Systems, Inc. These companies play vital roles in driving innovation, providing solutions, and shaping the landscape of network automation technologies and services.
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