North America dominates the network automation market due to the presence of large key players in this region. The advancements in recent technologies such as IoT, AI, and SD-WAN are projected to offer an ample number of opportunities to the key players in this market. Canada is projected to witness the highest market growth with a CAGR of more than 22%. The growth in this segment is attributed to a surge in the Foreign Direct Investment (FDI) to boost the manufacturing sector.
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Disrupting the conventional ways of building digital infrastructure, the network automation market has emerged as one of the most enterprising niche verticals of the sustainable and smart industry. Prominent tech giants and multinational corporations around the globe have increasingly focused on implementing new methodologies to reduce manual configuration errors which are believed to cause the majority of network outages.
The industry expansion has also been effected by huge investments and developments in the digital space pertaining to the industry 4.0 revolution, including advanced computing technologies such as artificial intelligence and machine learning. The network automation market is expected to propagate AI powered cloud services for effecting the conversion of business data into insights, impacting decisions, while optimizing the overall customer experience. Combining human-like interface with cutting-edge data analysis and management capabilities, AI could broaden the network automation industry scope beyond the usual cloud benefits, facilitating demand predictability and suitable network scaling via intelligent automation. The manufacturing segment has particularly accepted AI associated automations on a large scale, as recent industry trends suggest.
The cloud network segment is projected to witness the highest market growth with a CAGR of more than 31% during the forecast period. The growth in this segment is attributed to an increased demand for the adoption of cloud-based services by start-ups and SMEs. An increase in the demand for Infrastructure as a Service (IaaS) and Platform as a Service (PaaS) in private and public sectors has driven the market growth of cloud-based solutions in the network automation market.
The software segment held a major market share of more than 76% in 2017 due to the presence of large organizations using legacy hardware network equipment and their reluctance to migrate and adopt cloud-based services. In this segment, Intent-Based Networking (IBN) is anticipated to observe the highest network automation market growth with a CAGR of more than 29% during the forecast period. Intent-based networking is an extensive form of SDN network architecture that allows the enterprises to substitute the usage of complex networks by a centralized data-center network.
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IBM, Cisco, BMC, Juniper Networks, Arista, IPsoft, Micro Focus International, SolarWinds Worldwide, Riverbed, Apstra, and Fujitsu are some leading industry players that have defined the pathway for complete automation of enterprise networks. The increasing awareness regarding the ability of automated networking to improve margins, business continuity and customer satisfaction will catapult the global network automation market over the coming years and is expected to exhibit a CAGR of 22% from 2018 to 2024.
The major players operating in the market-
Chapter 7. Global Network Automation Market, By Network Infrastructure
7.1. Key trends, by network infrastructure
7.2. Physical network
7.2.1. Market estimates and forecast, 2013 – 2024
7.2.2. Market estimates and forecast, by region, 2013 – 2024
7.3. Virtual network
7.3.1. Market estimates and forecast, 2013 – 2024
7.3.2. Market estimates and forecast, by region, 2013 – 2024
7.4. Hybrid network
7.4.1. Market estimates and forecast, 2013 – 2024
7.4.2. Market estimates and forecast, by region, 2013 – 2024
Chapter 8. Global Network Automation Market, By Deployment Type
8.1. Key trends, by deployment type
8.2.1. Market estimates and forecast, 2013 – 2024
8.2.2. Market estimates and forecast, by region, 2013 – 2024
8.3.1. Market estimates and forecast, 2013 – 2024
8.3.2. Market estimates and forecast, by region, 2013 – 2024
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