Network Automation Market Worth
The progress of society has caused an increase in the automation of the operations of a computer network. Reports that scrutinize the information and communication technology industry has been offered by Market Research Future, which generates reports on industry verticals that judge the market development and possibilities. A CAGR 49% is expected to contribute significantly to the growth of the market and also add to market incomes to reach USD 27 billion by 2023.
The necessity for automating the provisioning of virtual network functions is expected to benefit the network automation market in the forecast period. Additionally, the surge in demand for networking solutions by important establishments is expected to further the market growth in the upcoming period.
The global network automation market is expected to attain a market valuation of USD 27 Bn, at an astounding CAGR of 49% over the forecast period of 2017-2023, projects Market Research Future (MRFR) in a detailed study. Network automation refers to managing and executing network process through the integration of software and network solutions. Network automation adoption is associated with numerous benefits which include improved efficiency, low operational expense, and reduction in the possibility of errors, and improved business continuity and agility. The high rate of adoption of smart connected devices across diverse industries is one of the primary reasons driving the growth of the global network automation market. The proliferation of Smart connected devices has resulted in increased complexity of networks which augments the need for new approaches, tools, and technologies to improve agility and respond to advanced business demand. As enterprises are increasingly adopting virtual and software-defined wine area network infrastructure, the demand for networking automation is also growing which is fuelling the growth of the market. Other factors boosting the growth of the global network automation market include high adoption rate of network automation solutions among SMEs and substantial investment in R&D.
Segmentation
The global network automation market has been segmented based on component, network infrastructure, deployment, organization size, and vertical.
By component, the global network automation market has been segmented into solution and services.
The solution segment has been segmented into SD-WAN, network automation tools, and intent-based working. The services segment has been segmented into professional and managed services.
By network infrastructure, the global network automation market has been segmented into physical network configuration, virtual network configuration, and hybrid network configuration.
By deployment, the global network automation market has been segmented into on-cloud and on-premise.
By organization size, the global network automation market has been segmented into SME and large enterprises.
By vertical, the global network automation market has been segmented into IT and Telecommunications, media & entertainment, energy and utilities, and others.
Key Players
The strategic contenders in the network automation market are Juniper Networks, Inc. (U.S.), Cisco Systems, Inc. (U.S.), IBM Corporation (U.S.), Entuity (U.K), Micro Focus International plc (U.K), BMC Software (U.S.), NetBrain Technologies Inc. (U.S.), SolarWinds Inc. (U.S.), Riverbed Technology, Inc. (U.S.), Apstra (U.S.), BlueCat (Canada), and Veriflow Systems (U.S.).
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