In this context, network automation market has evolved into one of the crucial technologies that have enabled businesses to decrease manual configuration errors and risk through effective compliance reporting, improved network service availability, enhanced performance and staff efficiency, and augmented data security infrastructure. As per reliable estimates, the overall network automation market size had been pegged at an appreciable USD 1.7 billion in the year 2017.
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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.
Network automation market is projected to surpass USD 7 billion by 2024. The growth in this market is attributed to an upsurge in the demand for NFV and SDN technologies. Software Defined Networking (SDN) is a network architecture that allows IT organizations to substitute complex networks. It allows an enterprise to centralize the network infrastructure to control the rapid provisioning of network resources. Further, SDN technologies offer directly programmable and cost-effective techniques to perform various functions such as load-balancing, network address translation, and virtual private networks.
Concurrently, traditional networks are increasingly being replaced by virtual and cloud-based applications which has fundamentally transformed the growth strategies of major firms partaking in network automation market in the recent times. Numerous startups have been developing automation solutions that can configure manually-managed network devices, improve security capabilities, and supervise service offerings more efficiently. In this context, it would be prudent to mention that prominent tech giants have focused on acquiring these startups as it would assist them in augmenting their resources to deliver next-generation solutions that would serve all size and scale of customer needs. Enlisted below are a few instances that underscore how these acquisitions are shaping the network automation market trends:
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TOC for this research report:
Chapter 4. Competitive Landscape
4.2. Top market players, 2017
4.2.1. Cisco Systems Inc.
4.2.2. Juniper Networks
4.2.4. Red Hat, Inc.
4.2.5. BMC Software
4.3. Innovation leaders, 2017
4.3.2. Anuta Networks
4.3.4. Arista Networks
4.3.5. SolarWinds Worldwide, LLC
4.4. Other prominent vendors
Chapter 5. Global Network Automation Market, By Type
5.1. Key trends, by type
5.2.1. Market estimates and forecast, 2013 – 2024
5.2.2. Market estimates and forecast, by region, 2013 – 2024
5.3.1. Market estimates and forecast, 2013 – 2024
5.3.2. Market estimates and forecast, by region, 2013 – 2024
5.4. Data Center networks
5.4.1. Market estimates and forecast, 2013 – 2024
5.4.2. Market estimates and forecast, by region, 2013 – 2024
5.5. Cloud networks
5.5.1. Market estimates and forecast, 2013 – 2024
5.5.2. Market estimates and forecast, by region, 2013 – 2024
5.6. Wireless networks
5.6.1. Market estimates and forecast, 2013 – 2024
5.6.2. Market estimates and forecast, by region, 2013 – 2024
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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. Cisco Systems, Juniper Networks, Apstra, BMC Automation, and IBM are some of the major key vendors of the network automation market in this region. Further, the emergence of industry 4.0 is anticipated to propel the growth of the market in the manufacturing sector. For instance, IEEE has developed a network architecture called Software Defined Industry Automation Network (SDIAN) to provide online dynamic configuration and real-time communication during the manufacturing process.
Implementing network automation solutions through cloud-based services has lowered capital expenditure and operational costs, enabling enterprises to scale their technological capabilities at a faster pace. Primarily driven by growing opportunities to offer enterprises with additional services like monitoring, security, and application optimization beyond basic automation tasks, the network automation market share is anticipated to expand vigorously over the estimated timeframe. With rising investments by major tech firms coupled with innovative products being launched by startups, the network automation market size is forecast to register an excellent y-o-y growth rate of 22% over 2018-2024.
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