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Global Network Automation Market to Grow at a CAGR of 24% During 2021-2026, Aided by the Increasing Automation of Network in Government Agencies

According to a new report by EMR titled, ‘Global Network Automation Market Report and Forecast 2021-2026’, the global market for network automation attained a value of about USD 3.1 billion in 2020. The industry is further expected to grow at a CAGR of 24% in the forecast period of 2021-2026 to reach a value of approximately USD 11.3 billion by 2026.

The increasing automation of networks by government agencies to boost network efficiency and increase cost-effectiveness is aiding the market growth. As various public agencies are increasingly attempting to enhance their services and improve consumer experiences, network automation is deployed to respond to online queries effectively as well as provide flexibility for various applications. Moreover, the growing digitisation in the public sector is surging network congestion, which makes the automation of networks essential to enhance operational efficiency, hence propelling the market growth. The increasing trend of hybrid work in government agencies in the wake of the COVID-19 crisis is expected to further surge the automation of networks to provide a wide range of network bandwidth, which is projected to fuel the market growth in the forecast period.

IBM Corporation (NYSE: IBM), one of the leading companies in the industry, announced in June 2021 its latest artificial intelligence (AI)-powered automation software based on hybrid cloud. The software is expected to aid communication service providers (CSPs) deliver 5G cost-effectively and rapidly to consumers. Artificial intelligence (AI)-powered automation enables providers to manage networks effectively while engineering new services quickly to boost consumers’ experience. The software is projected to enable zero-touch provisioning of new services to facilitate simplification of management to enhance real-time visibility across networks. It also generalises modelling of the network lifecycle, automates resources for tests, pre-production, and production, as well as provide a real-time view of live networks performance to enable efficient network monitoring. The development of such innovative devices is estimated to increase the automation of networks and bolster the market growth in upcoming years.

Market Analysis by Solution Type, Network Type, Service Type, Deployment, End Use, and Region:

  • The market, on the basis of solution type, can be divided into network automation tools, SD-WAN and network virtualisation, and intent-based networking.
  • Based on network type, the industry can be divided into physical, virtual, and hybrid.
  • The service types of network automation include managed services and professional services.
  • By deployment, the market is classified into cloud, on-premise, and hybrid.
  • The major end uses of network automation are IT and telecom, manufacturing, energy and utility, banking and financial services, and education, among others.
  • The regional markets for network automation include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The increasing network congestion owing to the wide use of clouds is surging the demand for automation of networks to prevent network automation, therefore augmenting the industry growth.
  • The growth of the network automation software industry is being driven by the growing popularity of over-the-top (OTT) platforms owing to the increasing network traffic.
  • The advent of 5G network and the growing demand to provide excellent network services to increase connected devices in the telecommunications industry are propelling the market growth.
  • The growing automation of networks in the education sector owing to the growing trend of digital learning tools and bring-your-own-device (BYOD) is bolstering the growth of the network automation industry.

Key Offerings of the Report:

  • The EMR report gives an overview of the global market for network automation for the periods (2016-2020) and (2021-2026).
  • The report also offers the historical (2016-2020) and forecast (2021-2026) markets for the solution types, network types, service types, deployments, end uses, and major regions of network automation.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global network automation market are Cisco Systems, Inc., Juniper Networks, Inc., IBM Corporation, HP Development Company, L.P., and Micro Focus International Plc, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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