Network Automation Market is Estimated to Witness High Growth Owing to Increasing Demand for Network Services Automation and Orchestration

 
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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