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Monday, January 10, 2022

Global Network Automation Market to be Driven by the Rapid Technological Advancements in the Forecast Period of 2021-2026

The new report by Expert Market Research titled, ‘Global Network Automation Market Report and Forecast 2021-2026’, gives an in-depth analysis of the global network automation market, assessing the market based on its segments like solution type, network type, service type, deployment, end-use and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

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The key highlights of the report include:

Market Overview (2016-2026)

  • Historical Market Size (2020): USD 3.1 billion
  • Forecast CAGR (2021-2026): 24%
  • Forecast Market Size (2026): USD 11.3 billion

Rising need for greater network security while enabling faster service delivery is driving the global network automation sector. The extensive usage of cloud for both commercial and personal use has resulted in a growth in network automation adoption to prevent network disruptions. During the COVID-19 pandemic, the trend escalated, putting strain on networks due to an increased reliance on technology for a range of jobs. This boosted market growth by spurring investments in network automation in the telecom industry, which was under a lot of pressure to manage and optimize the network efficiently.

Industry Definition and Major Segments

Network automation is the process of automating the testing, management, operation, deployment, and configuration of virtual and physical network devices. It improves a network's functioning while also increasing its operating efficiency. Network automation is critical for increasing network flexibility and agility to fulfil the growing demand for effective network services by a variety of end users.

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Based on solution type, the industry can be divided into:

  • Network Automation Tools
  • SD-WAN and Network Virtualisation
  • Intent-based Networking

Based on the network type, the industry is divided into:

  • Physical
  • Virtual
  • Hybrid

Based on the service type, the industry is divided into:

  • Managed Services
  • Professional Services

Based on the deployment type, the industry is segmented into:

  • Cloud
  • On-Premise
  • Hybrid

On the basis of end use, the industry can be segmented into:

  • IT and Telecom
  • Manufacturing
  • Energy and Utility
  • Banking and Financial Services
  • Education
  • Others

The regional markets include:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Market Trends

The growing number of connected devices, paired with the launch of 5G networks, is driving up demand for network automation in the telecommunications industry. Increased demand for ultra-low latency services is pushing up network automation requirements in order to maintain quality control and boost income, which is propelling the market forward. In addition, fierce industry competition is pushing up need for quick replies to customer demands, prompting network providers to automate their networks to boost speed and efficiency. Furthermore, the bring-your-own-device (BYOD) movement is driving network automation and propelling market expansion by increasing demand for high-performance, dependable, and high-connectivity networks. Automation of a network helps administrators to optimize it using various tools by detecting flaws, which is expected to fuel market growth during the projection period.

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Key Market Players

The major players in the market are Cisco Systems, Inc., Juniper Networks, Inc., IBM Corporation, HP Development Company, L.P., Micro Focus International Plc, and Others.

About Us:

Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.

At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.

Media Contact

Company Name: EMR Inc.
Contact Person:-Ian Bell, Business Consultant
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**We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.


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