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(Hosting-NewsWire.com, November 28, 2019 ) MarketsandMarkets forecasts the global network automation market size to grow from USD 2.3 billion in 2017 to USD 16.9 billion by 2022, at a Compound Annual Growth Rate (CAGR) of 48.7% during 2017–2022. The global network automation market is gaining traction, owing to factors, such as Major drivers of the network automation market include the critical need for network bandwidth management and network visibility, and increasing adoption of smart devices and of virtual and software-defined networking infrastructure. These factors are expected to drive the global network automation market.
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Browse 71 market data Tables and 46 Figures spread through 142 Pages and in-depth TOC on "Network Automation Market by SD-WAN, Network Automation Tool, Intent-Based Networking, Network Infrastructure (Physical, Virtual, and Hybrid Network Configuration, and Automation), Service, Deployment, Vertical, and Region - Global Forecast to 2022"
The Intent-based Networking segment is expected to grow at a higher CAGR during the forecast period. Intent-based Networking offers enhanced access control, scalability, security, and multi-vendor device management in an enterprise network. The intent-based networking takes business policy as its inputs convert the requirement to a network configuration, and generates a network design. Moreover, it also validates whether the network can deliver the intended outcome. In addition to this, IBM also implements and automates the configuration across the enterprise network infrastructure leveraging its automation and orchestration capabilities.
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The telecom vertical is expected to grow at a higher CAGR during the forecast period. Telecom network operators are transforming their network environments toward an automated network infrastructure for the purpose of introducing advanced value added services. The vision of telecom operators is to build a unified customer-centric, all IP-based service platform to deliver integrated fixed and mobile voice, data, and media broadband services to their end-users. Moreover, there have been exponential increase in number of smartphones, laptops, tablets, and other multi-media devices connected on the network. Moreover, IoT is expected to be the next big technology in the telecom sector; numerous services have been planned over cellular networks, including utility meters, vendor machines, and automotive applications.
In terms of geographic coverage, the global network automation market has been segmented into 5 major regions, namely, North America, Asia Pacific (APAC), Europe, Middle East and Africa (MEA), and Latin America. APAC is expected to record the highest growth rate during the forecast period, as the region comprises developed and emerging economies, such as Japan, Australia, China, and India. market. APAC has witnessed advanced and dynamic adoption of new technologies and has always been a lucrative market for network automation. APAC is expected to grow at the highest CAGR during the forecast period in the network automation market. The APAC region includes, countries such as Australia, New Zealand, Japan, and Singapore which have always supported and promoted industrial and technological growth. In addition, they possess developed technological infrastructure, which promotes increasing adoption of network automation solution across all industry verticals in this region.
Major vendors in the network automation market include Cisco (US), Juniper Networks (US), IBM (US), Micro Focus (UK), NetBrain Technologies (US), SolarWinds (US), Riverbed Technology (US), BMC Software (US), Apstra (US), BlueCat (Canada), Entuity (UK), and Veriflow (US).
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