Network Automation Market is Estimated To Witness High Growth Owing To Increasing Adoption of Cloud Computing

ashwinicmi

posted on 10 months ago — updated on 1 second ago

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The global Network Automation Market is estimated to be valued at US$ 14.56 Bn in 2021 and is expected to exhibit a CAGR of 23.4% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Network Automation Market is Estimated To Witness High Growth Owing To Increasing Adoption of Cloud Computing

Market Overview:
The Network Automation Market refers to the automation of tasks and processes related to the management, operation, and provisioning of network devices and services. It involves the use of software-defined networking (SDN) and network functions virtualization (NFV) technologies to streamline and automate network operations. The advantages of network automation include improved efficiency, reduced human errors, faster deployment of services, and better network security. With the increasing adoption of cloud computing and the growing complexity of network infrastructures, the need for network automation solutions is surging.

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 algorithms are being utilized to automate various network management tasks such as network configuration, performance monitoring, traffic analysis, and security threat detection. These technologies enable proactive monitoring, predictive analysis, and automated remediation of network issues, thereby enhancing the overall performance and reliability of networks. Furthermore, AI-driven network automation solutions can adapt to changing network conditions and optimize network resources in real-time. As a result, organizations are increasingly investing in AI and ML-powered network automation tools to improve their operational efficiency and reduce manual intervention in network management processes.

PEST Analysis:

Political: The political factors influencing the network automation market include government regulations and policies related to data privacy and security. Governments are increasingly implementing stricter regulations to protect personal and corporate data, which is driving the demand for network automation solutions.

Economic: The economic factors impacting the market include the overall economic growth and spending power of organizations. As the global economy recovers from the COVID-19 pandemic, organizations are expected to invest more in network automation to optimize their operations and reduce costs, thus driving market growth.

Social: The social factors affecting the market include the increasing reliance on digital technologies and the growing demand for seamless connectivity. With the rise of remote work and digital transformation, organizations are adopting network automation solutions to ensure reliable and efficient communication.

Technological: The technological factors influencing the market include advancements in artificial intelligence, machine learning, and cloud computing. These technologies are enabling more sophisticated and automated network management, driving the adoption of network automation solutions.

Key Takeaways:

The Global Network Automation Market Demand is projected to witness high growth, exhibiting a CAGR of 23.4% between 2023 and 2030. This growth can be attributed to the increasing need for efficient network management and the growing adoption of cloud-based 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 the presence of major technology companies, such as Cisco Systems Inc., Juniper Networks Inc., and VMware Inc., in the region, as well as the high adoption of advanced technologies.

Key players operating in the network automation market include Cisco Systems Inc., Extreme Networks Inc., Juniper Networks Inc., VMware Inc., BMC Software Inc., and IBM Corporation. These players are focusing on developing innovative solutions and expanding their product portfolios to cater to the increasing demand for network automation.

Overall, the network automation market is poised for significant growth, driven by political and economic factors such as government regulations and economic recovery. Social factors like the advent of remote work and technological advancements in AI and cloud computing are also contributing to market growth. Major players in the market are continuously innovating and expanding their offerings to meet the demand for network automation solutions.