The global network automation market is currently valued at approximately USD 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 USD 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.
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Leading Key Players in the Market
- Hewlett Packard Enterprise Development LP
- Fujitsu Limited
- Red Hat, Inc.
- Itential
- NetYCE
- Nokia Corporation
- NVIDIA Corporation
- Apstra Inc.
- BlueCat Networks Inc.
- BMC Software Inc.
- Entuity Inc.
- Forward Networks
- Micro Focus International PLC
- Riverbed Technologies Inc.
- Solar Winds Inc.
- 6Connect, Inc.
- Anuta Networks International, LLC
- AppViewX, Inc.
- Arista Networks, Inc.
- Cumulus Networks, Inc.
- HCL Technologies, Ltd
Recent Developments by the Network Automation Service Providers
Juniper Networks Inc. combined its JUNOS-based data-center networking platform with Apstra’s network automation projects in the year 2021. The automation platforms of Apstra are based on an agile, multi-user architecture. As this partnership gets deeper towards autonomous networks powered by AI, the unified platform might help them optimize their business processes.
To help Chief Information Officers automate IT processes for increased resilience and cheaper costs, IBM released a new Al & intelligent network automation in May 2020. The new IBM Watson AlOps product leverages artificial intelligence. To simplify how businesses identify, analyze, and react to IT abnormalities on a real-time basis.
To provide sophisticated network automation open source, Juniper Networks, and Anuta Networks teamed up in June 2020. The Anuta ATOM framework is now included in Juniper’s current line of automation tools. This already includes Juniper HealthBot, Juniper NorthStar, and Junos Telemetry.
Hewlett Packard Corporation and OPTAGE, which is a Japanese telecommunications company teamed up in January 2022. The capacity of its HPE 5G Core Stack for its local networks to satisfy corporate customer expectations for diverse end users has been assessed by OPTAGE.
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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
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