BANGALORE, India, April 30, 2024 /PRNewswire/ -- Network
Automation Market is Segmented by Type (Cloud Based, Web
Based), by Application (Large Enterprises, SMEs).
The Global Network Automation Market size is expected to reach
USD 5122 Million by 2029, growing at
a CAGR of 12.5% from 2023 to 2029.
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Major Factors Driving the Growth of Network Automation
Market:
The growth of the Network Automation Market is propelled by
several key factors including the increasing adoption of
cloud-based and web-based automation solutions, particularly in
large enterprises and SMEs, to streamline network management
processes, enhance operational efficiency, and reduce costs.
Additionally, the rise of software-defined networking (SDN), the
growing complexity of networks driven by digital transformation,
and the demand for enhanced security and compliance are driving
organisations to invest in automation technologies to optimise
their IT infrastructure and stay competitive in today's dynamic
business environment.
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TRENDS INFLUENCING THE GROWTH OF THE NETWORK AUTOMATION
MARKET:
Solutions for network automation that are hosted in the cloud
are growing rapidly because they are affordable, flexible, and
scalable. Cloud-based systems are being used by organisations more
often in an effort to enhance agility, lower operating costs, and
streamline network administration procedures. Businesses may
effortlessly build and maintain network infrastructure across
distributed settings using cloud-based automation technologies,
allowing for seamless connection with pre-existing cloud services
and apps. Furthermore, without having to make extra hardware or
infrastructure investments, businesses may grow their network
operations and adjust to changing business demands thanks to the
flexibility of cloud-based solutions.
Web-based network automation solutions are becoming more and
more popular across a range of businesses because of its
easy-to-use interface and availability from any internet-connected
device. With the use of these technologies, network administrators
may improve operational efficiency and decrease downtime by
remotely managing and monitoring their networks, troubleshooting
problems, and deploying upgrades from any place. Furthermore,
real-time analytics and reporting features are frequently offered
by web-based automation systems, giving businesses important
insights into the security posture and network performance of their
establishments.
Network automation is becoming a more important investment for
large organisations as a way to increase security, increase
efficiency, and streamline operations. Large enterprises'
complicated network infrastructures make manual administration
difficult and error-prone. Businesses may free up IT workers to
concentrate on strategic objectives by automating repetitive
operations like configuration management, provisioning, and
troubleshooting with the help of automation tools. Network
automation also assists big businesses in adhering to industry
standards and legal obligations by implementing uniform settings
and rules throughout their infrastructure.
In order to remain competitive in the current digital landscape,
network automation is also being used by small and medium-sized
organisations (SMEs). SMEs and big organisations confront
comparable network management and security concerns,
notwithstanding SMEs' possible lack of resources in this area.
Without having to make large upfront expenditures, automation
enables SMEs to increase productivity, minimise manual error, and
optimise their network operations. Automation may also help SMEs
scale their network infrastructure as they expand and quickly
adjust to changing company needs, which will keep them flexible and
responsive to market demands.
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NETWORK AUTOMATION MARKET SHARE ANALYSIS
Due to the extensive use of automation technologies by
businesses and service providers to increase operational efficiency
and satisfy strict compliance standards, developed areas such as
North America and Europe are at the forefront of the
industry.
In the meanwhile, the Asia-Pacific area is expanding quickly due to
factors like growing internet penetration, increased expenditures
in digital infrastructure, and the use of cloud-based solutions by
businesses looking to update their networks.
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Key Companies:
- Cisco Systems
- Juniper Networks
- IBM
- Micro Focus
- NetBrain Technologies
- SolarWinds
- Riverbed Technology
- BMC Software
- Apstra
- BlueCat
- Entuity
- Veriflow
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