$8.9 Billion Network Automation Markets, 2025 by Network Automation Tool, Intent-Based Networking, Network Type, Service, Deployment Mode, End User, Enterprise Vertical - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Oct 12, 2020--
The “Global Network Automation Market by Network Automation Tool, Intent-Based Networking, Network Type (Physical, Virtual, and Hybrid), Service, Deployment Mode (Cloud and On-Premises), End User, Enterprise Vertical, and Region - Forecast to 2025” report has been added to ResearchAndMarkets.com’s offering.
The global network automation market is projected to grow from USD 2.9 billion in 2020 to USD 8.9 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 24.8% during the forecast period.
The major factors driving the growth of the network automation market include increasing network traffic and cloud infrastructure leading to a significant transition in data centers, increasing adoption of connected devices, increasing adoption of automation technologies such as AI and machine learning, rising adoption of virtual and software-defined infrastructure, and surge in human error rates in manual systems causing network downtime.
By component, services segment to grow at a higher CAGR during the forecast period
Services play a vital role in the deployment and integration of next-generation networking solutions in the business environment of enterprises. Services are considered as the backbone of network automation as they are instrumental in fulfilling the customized requirements of clients. Moreover, services are important for training employees regarding the use of solutions and developing their analytical understanding for enhancing the Return on Investment (ROI) from automation solutions.
By solution, intent-based networking segment to grow at a higher CAGR during the forecast period
Intent-based networking offers enhanced access control, scalability, security, and multivendor device management in an enterprise network. It takes business policy as its input to convert the requirement to a network configuration and generates a network design. Moreover, it validates whether the network can deliver the intended outcome. Intent-based networking continuously monitors the network status and collects network data, such as traffic logs, to assess the state of the network and determine the optimum route.
By deployment type, cloud segment to lead the market during the forecast period
Cloud network automation enables fast and secure network configuration by leveraging cloud computing capabilities. Moreover, the cloud deployment model scales a solution’s capacity to handle enormous network application traffic. SMEs prefer cloud-based deployment, as cloud-based solutions are cost-effective and easy to deploy (as cloud deployment does not require dedicated IT staff). With the adoption of these solutions, small enterprises are able to collect and analyze data, thus improving customer services. Presently, the demand for cloud-based network automation solutions is increasing over their on-premises counterparts, owing to the various advantages offered by the cloud deployment model.
North America to lead the market share in 2020
North America is projected to lead the network automation market during the forecast period. In North America, enterprises and service providers are continuously changing their network infrastructure to cope with advanced technologies. North America is home to many technological innovators. Most of the leading market players, such as Cisco, IBM, Juniper Networks, and NetBrain, have their headquarters in this region. These players provide effective network automation solutions worldwide and possess a huge customer base.
The following key network automation vendors are profiled in the report:
- Juniper Networks
- Micro Focus
- Forward Networks
- BMC Software
- Anuta Networks
- Volta Networks
- Sedona Systems
- Versa Networks
- 128 Technology
For more information about this report visit https://www.researchandmarkets.com/r/elib9r
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SOURCE: Research and Markets
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PUB: 10/12/2020 04:12 AM/DISC: 10/12/2020 04:12 AM