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Network Automation Market Size Worth $15.60 Billion by 2030: Grand View Research, Inc.SAN FRANCISCO, Oct. 31, 2022 /PRNewswire/ -- The global network automation market size is anticipated to reach USD 15.60 billion by 2030, registering a CAGR of 22.9% over the forecast period, according to a new report by Grand View Research, Inc. Network automation encompasses the process of automating the management, and configuration, testing, operations, and deployment of virtual and physical devices involved in a network. It utilizes software to automate the network and provides management and security to maximize network functionality and efficiency. Key Industry Insights & Findings from the report:
Read 120-page full market research report, "Network Automation Market Size, Share & Trends Analysis Report By Component (Solutions, Services), By Deployment (On-Premise, Cloud), By Infrastructure, By Enterprise Size, By Vertical, By Region, And Segment Forecasts, 2022 - 2030", published by Grand View Research. Network Automation Market Growth & Trends It also enables prompt network operation units to integrate and configure application services and network infrastructure. Furthermore, the rising adoption of network automation-enabled services in several verticals, such as BFSI, IT, and Telecom, is contributing positively to the growth of the network automation industry. Network automation combines network function virtualization (NFV) and software-defined networking (SDN), enabling the configuration of networks to meet the organization's requirements. It also increases network uptie and stability. It also provides access to businesses and organizations to automate networks to meet specific requirements efficiently and cost-effectively, replacing command-line instructions for configuring network devices. Moreover, the utilization of advanced technological tools, such as artificial intelligence, machine learning, and big data, is propelling the growth of the market. Network automation eliminates manual processes such as logging into switches, firewalls, routers, and load balancers to change configurations to manage the network. It also allows flexible and agile network operations that support business demands, reduce errors, improves efficiency, and lower operating expenses. Additionally, automation enables standardization of network processes management and allows operations units to reduce mean time to resolution and deliver services at scale. An automated network platform enables ease in network testing, resource provision, and mapping, fueling network automation adoption. Network automation includes solutions such as network designing and planning, configuration compliance and verification, device testing, data analysis, security compliance, collection of network data, and deployment of physical & virtual devices and services. Moreover, the players in the market are launching advanced network automation solutions which use machine learning, big data, and other advanced technologies, which is expected to provide numerous growth opportunities for the market in the upcoming years. The report covers the competitive analysis of the top ten players in the industry including Anuta Networks; BlueCat; Apstra; Juniper Networks; BMC Software; Entuity; Forward Networks; Fortinet, Inc.; IBM Corporation; Cisco Systems Inc.; Micro Focus; NetBrain, Riverbed; Solar Winds; Veriflow; and Vmware. The players are adopting several key strategies and development such as partnerships, product launches, collaborations, and mergers and acquisitions to obtain significant market shares. For instance, in November 2021, VMware, Inc. announced a collaboration with Vodafone Group to deliver orchestration and automation services through a single platform on its core networks across Europe. Network Automation Market Segmentation Grand View Research has segmented the global network automation market based on component, deployment, infrastructure, enterprise size, vertical, and region: Network Automation Market - Component (Revenue, USD Million, 2017 - 2030)
Network Automation Market - Deployment (Revenue, USD Million, 2017 - 2030)
Network Automation Market - Infrastructure (Revenue, USD Million, 2017 - 2030)
Network Automation Market - Enterprise size (Revenue, USD Million, 2017 - 2030)
Network Automation Market - Industry Vertical (Revenue, USD Million, 2017 - 2030)
Network Automation Market - Regional Outlook (Revenue, USD Million, 2017 - 2030)
List of Key Players in the Network Automation Market
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Browse through Grand View Research's Communications Infrastructure Industry Research Reports. About Grand View Research Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead. Contact: Sherry James Logo: https://mma.prnewswire.com/media/661327/Grand_View_Research_Logo.jpg View original content:https://www.prnewswire.co.uk/news-releases/network-automation-market-size-worth-15-60-billion-by-2030-grand-view-research-inc-301663222.html |