New York, US, April 25, 2023 (GLOBE NEWSWIRE) -- According to a comprehensive research report by Market Research Future (MRFR), “Network Automation Market Research Report: Information By Component, By Organizations, By Deployment - Forecast to 2030”, expects the global advanced driver assistance systems market to reach USD 106.97 billion by 2030. MRFR also confirms that the market valuation is projected to grow at a 10.05% CAGR during the assessment period (2022-2030).
Drivers
The growth of the network automation market can be attributed to the increasing demand for network automation solutions to optimize network operations, reduce costs, and improve network performance. The rise of software-defined networking (SDN) and the increasing adoption of internet of things (IoT) devices are also driving factors for the growth of the market.
Challenges
However, the network automation market faces several challenges, including the lack of skilled professionals to manage and maintain network automation solutions, the high cost of implementation and integration of network automation solutions, and the lack of interoperability between different network automation solutions.
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Key Player:
Some of the key players operating in the network automation market include
- Cisco Systems Inc.
- Juniper Networks Inc.
- IBM Corporation
- Hewlett Packard Enterprise Development LP
- NetBrain Technologies Inc.
- VMware Inc.
- Extreme Networks Inc.
- Huawei Technologies Co. Ltd
- Nokia Corporation
- NEC Corporation.
Network Automation Market Report Scope:
| Report Metrics | Details |
| Network Automation Market Size by 2030 | USD 106.97 Billion |
| CAGR during 2022-2030 | 10.05% |
| Base Year | 2021 |
| Forecast | 2022-2030 |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Key Market Dynamics | The growing number of internet users and their reliance on network systems for daily chores is propelling the worldwide network automation market forward. |
Market Segmentation
The global network automation market is segmented by solution, deployment mode, organization size, and region. By solution, the market is segmented into network automation tools, SD-WAN, and network security automation. By deployment mode, the market is segmented into cloud-based and on-premise. By organization size, the market is segmented into large enterprises and SMEs.
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Regional Analysis
The global network automation market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. North America is expected to dominate the market during the forecast period due to the presence of several key players in the region and the increasing adoption of network automation solutions by organizations to optimize their network operations.
Industry Trends
One of the key trends in the network automation market is the increasing use of artificial intelligence (AI) and machine learning (ML) technologies to enhance the capabilities of network automation solutions. Another trend is the integration of network automation solutions with other IT infrastructure solutions such as security and cloud to provide comprehensive network management and optimization.
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Recent Developments and Opportunities
In recent years, several developments have been made in the network automation market. For instance, in December 2022, Cisco Systems, Inc. announced the launch of its new network automation solution, Cisco Network Automation Suite, which uses AI and ML technologies to automate network operations and improve network performance. Similarly, in September 2021, Juniper Networks, Inc. announced the launch of its new network automation solution, Juniper Network Automation Cloud, which provides end-to-end network automation capabilities to organizations.
There are several opportunities in the network automation market, including the increasing adoption of cloud-based network automation solutions, the integration of network automation solutions with other IT infrastructure solutions, and the development of network automation solutions for SMEs.
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In conclusion, the network automation market is expected to grow at a significant rate in the coming years due to the increasing demand for network automation solutions to optimize network operations and reduce costs. However, the market also faces several challenges that need to be addressed. The integration of AI and ML technologies and the development of network automation solutions for SMEs present significant opportunities for the growth of the market.
About Market Research Future:
Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis regarding diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.
