Network Automation Market Soars with a Remarkable 23% CAGR, Projected to Hit US$ 34.8 Billion by 2033

Network Automation Market

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. The usage of network automation-enabled services across new industries and sectors, including BFSI, manufacturing, and retail, is also favoring market growth.

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Key Takeaways from the Network Automation Market Report:

  • The United States is the leading region in the adoption of network automation solutions and services. The country contributed nearly 30% of the global revenue.
  • India and China are the two remarkably growing economies for the network automation market in the Asia Pacific region.
  • Until 2022 and the preceding years, the network automation solution segment dominated the market with a 70% revenue share. However, the services segment is picking rapidly and is estimated to progress at a rate of 25.5% during the forecast years.
  • The on-premises segment for the deployment of network automation held a market share of 55% in the year 2022. Meanwhile, the deployment of cloud network automation solutions is getting rapidly popular and is expected to register a CAGR of 25% through 2033.
  • Based on different network types, the virtual network segment is projected to grow at an annual average rate of 24%. Meanwhile, the hybrid network segment is anticipated to follow closely with an annual growth rate of 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

  • 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.
  • Veriflow Systems, Inc.

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Network Automation Industry Segmentation:

By Solution Type:

  • Intent-based Networking Solutions or Platforms
  • SD-WAN & Network Virtualization Tools
  • Configuration Management Tools
  • Other Network Automation Tools

By Service Type:

  • Consulting Services
  • Advisory, Analytics & Automation Services
  • Training & Support Services
  • Deployment & Integration Services
  • Other Services

By Network Type:

  • Physical Network
  • Virtual Network
  • Hybrid Network

By Deployment Mode:

  • On-premise Deployment
  • Cloud Deployment
  • Hybrid Deployment

By Application:

  • Enterprise Vertical
  • Service Provider

By Organization Size:

  • Small & Medium Size Enterprises (SMEs)
  • Large Enterprises

By End User:

  • Banking, Financial Services, and Insurance (BFSI)
  • Information Technology (IT) & Telecommunication
  • Manufacturing & Retail
  • Healthcare
  • Energy & Utilities
  • Education
  • Media & Entertainment
  • Government & Defense
  • Other End User

By Region:

  • North America Market
  • Latin America Market
  • Europe Market
  • East Asia Market
  • South Asia and Pacific Market
  • The Middle East and Africa (MEA) Market

About Future Market Insights (FMI):

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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About the Author

Ronak Shah

Associate Vice President at Future Market Insights is deeply committed to uncovering actionable insights for consumer and food and beverage players. She brings a unique blend of analysis, industry trends, and consumer behavior to put data into perspective.

What she makes out of data becomes a delight to read. She has authored many opinions, including for publications like Process Industry Informer and Spinal Surgery News, as she understands the market pulse and consumers' shifting preferences.

She likes to bring experts to a roundtable to weigh the impact of a trend on an industry. Catch up with her discussion on the impact of AI in packaging.

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