Network Automation Market is Estimated to Witness High Growth Owing to Increasing Demand for Network Services Automation and Orchestration
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Network Automation Market |
Network
automation refers to the automation of processes and tasks related to
networking infrastructure and services. It involves automating complex manual
tasks to reduce operational costs and increase productivity. Network automation
helps network engineers focus on high-level tasks by automating routine
configuration, monitoring, optimization, and management tasks. The rising
complexity of networks due to factors such as virtualization, cloud services,
mobile computing, and IoT is fueling the need for network automation across
industries.
The global network automation market is estimated to be valued at US$ 25.54 Bn
in 2024 and is expected to exhibit a CAGR of 9.4% over the forecast period 2024
to 2031, as highlighted in a new report published by Coherent Market Insights.
Market Dynamics:
Increasing demand for network services automation and orchestration is one of
the major drivers estimated to boost the growth of the global network
automation market over the forecast period. Network automation helps
enterprises reduce errors, increase standardization, and improve compliance
during network provisioning, configuration, maintenance, monitoring, and
management tasks. This improves the agility, programmability, and scalability
of complex networking infrastructure. Additionally, the growing need to optimize
network resource utilization and reduce operational costs is also propelling
the demand for advanced network automation solutions worldwide. The ability of
network automation tools to analyze network performance metrics, detect issues,
and trigger self-healing actions is further supporting their adoption across
various industry verticals.
SWOT Analysis
Strength: Network automation helps enterprises to optimize the management and
operations of networks. It enables quick deployment and scalability of network
services. Automation reduces manual errors and improves consistency in network
configurations.
Weakness: Implementing network automation requires significant upfront
investment in skills, tools and infrastructure. Legacy network devices may not
support automation capabilities. Maintaining accuracy of configuration models
over time can be challenging.
Opportunity: Growing need to improve network agility and operational efficiency
is driving increased adoption of network automation. Many organizations are
embracing digital transformation and cloud migration, creating demand for
automation. New technologies like AI/ML and SD-WAN are expanding the scope of
network automation.
Threats: Integration and customization issues with legacy systems limit the benefits
of automation. Lack of in-house skills hinders effective implementation and
management of automated networks. Security threats from vulnerabilities in
automation tools can disrupt network operations. Standardization challenges
delay wider industry adoption.
Key Takeaways
The Global
Network Automation Market Demand is expected to witness high growth
over the forecast period of 2024 to 2031. The market size is projected to
increase from US$ 25.54 Bn in 2024 to US$ 87.32 Bn by 2031, registering a CAGR
of 9.4%.
Regional analysis: North America currently dominates the market, adopting
network automation solutions faster than other regions to support digital
transformation initiatives. Asia Pacific is expected to offer lucrative growth
opportunities led by rapid network infrastructure build-outs and 5G deployments
in major countries like China and India.
Key players:
Key
players operating in the Network Automation market are Pfizer Inc., AstraZeneca
plc, F. Hoffmann-La Roche Ltd., Eli Lilly and Company, Boehringer Ingelheim
GMBH, Novartis AG, Bristol-Myers Squibb Company, and Merck & Co., Inc. They
are focusing on partnerships and acquisitions to enhance their product
portfolios and geographical presence. For instance, Cisco acquired Portshift to
strengthen its network automation security capabilities in 2021.
For more details on the report, Read- https://www.ukwebwire.com/network-automation-market-demand-share-analysis/
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