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on October 16, 2023
The global network automation market is expected to reach a value of USD 16.77 billion in 2028, at a rapid revenue CAGR of 23.7%, according to the latest analysis by Emergen Research. The rapid growth of the market can be attributed to the rise in the usage of connected devices, along with rapid and continuous innovations and technological advancements in the field of network automation. Rising demand for efficient and robust automated solutions is also playing a major role in market development.
The market for Network Automation is thoroughly examined in the Global Network Automation Market Research Report and Forecast to 2028, which also includes market size and share, current and future trends, and the most recent technological developments. The research provides a complete forecast through 2028 as well as insight into the regional and global competitive landscape of the Network Automation market. The new study offers up-to-date details on the COVID-19 pandemic's effects on the market for Network Automation. It examines how the outbreak changed the political climate and judicial system in each location. Along with providing a present and future, it also examines the economic instability and supply chain disruptions brought on by the disease.
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Competitive Terrain:
The global Network Automation industry is highly consolidated owing to the presence of renowned companies operating across several international and local segments of the market. These players dominate the industry in terms of their strong geographical reach and a large number of production facilities. The companies are intensely competitive against one another and excel in their individual technological capabilities, as well as product development, innovation, and product pricing strategies.
Leading Market Players Profiled in the Report:
6Connect, Inc., Anuta Networks International, LLC, AppViewX, Inc., Apstra, Inc., Arista Networks, Inc., Cisco Systems Inc., Cumulus Networks Inc., Fujitsu Ltd, HCL Technologies, IBM Corporation, VMware Inc
To access the full coverage of the global Network Automation market report, visit @ https://www.emergenresearch.com/industry-report/network-automation-market
Key Highlights of the Report
In January 2021, Ericsson launched 5G RAN to boost their 5G business growth. The purpose of this launch is to support business models and strengthen network slicing capabilities.
In February 2021, VMware and Accenture entered into a partnership to create a new business group, in order to help and encourage organizations to accelerate their transition to a faster cloud strategy.
The vitual segment is expected to register a high revenue growth rate in the global network automation markert during the forecast period, owing to increasing adoption of virtual network systems due to their ability to access computer devices or servers remotely.
North America accounted for largest revenue share in the global market in 2020 and is expected to register a rapid revenue growth rate over the forecast period, which can be attributed to the presence of a large number of startups in the region. Moreover, major market players in the region are establishing partnerships to increase their customer base, which is expected to have a positive impact on growth of the North America market.
Key market aspects studied in the report:
Market Scope: The report explains the scope of various commercial possibilities in the global Network Automation market over the upcoming years. The estimated revenue build-up over the forecast years has been included in the report. The report analyzes the key market segments and sub-segments and provides deep insights into the market to assist readers with the formulation of lucrative strategies for business expansion.
Competitive Outlook: The leading companies operating in the Network Automation market have been enumerated in this report. This section of the report lays emphasis on the geographical reach and production facilities of these companies. To get ahead of their rivals, the leading players are focusing more on offering products at competitive prices, according to our analysts.
Report Objective: The primary objective of this report is to provide the manufacturers, distributors, suppliers, and buyers engaged in this sector with access to a deeper and improved understanding of the global Network Automation market.
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Market Overview:
The report bifurcates the Network Automation market on the basis of different product types, applications, end-user industries, and key regions of the world where the market has already established its presence. The report accurately offers insights into the supply-demand ratio and production and consumption volume of each segment.
Segments Covered in this report are:
Network Type Outlook (Revenue, USD Billion; 2018–2028)
Physical
Virtual
Hybrid
Solution Outlook (Revenue, USD Billion; 2018–2028)
Network Automation Tools
SD-WAN and Network Virtualization
Intent-based Networking
End-use Outlook (Revenue, USD Billion; 2018–2028)
IT and Telecom
Manufacturing
Energy and Utility
Banking and Financial Services
Education
Regional Outlook:
North America (the U.S., Canada, Mexico)
Europe (the U.K., Germany, France, Italy)
Asia Pacific (India, China, Japan, Korea)
Latin America (Brazil, Argentina, Ecuador, Chile)
Middle East & Africa (Egypt, Turkey, Saudi Arabia, Iran)
Key reasons to buy the Global Network Automation Market report:
The latest report comprehensively studies the global Network Automation market size and provides useful inference on numerous aspects of the market, such as the current business trends, market share, product offerings, and product share.
The report offers an insightful analysis of the regional outlook of the market.
It offers a detailed account of the end-use applications of the products & services offered by this industry.
The report holistically covers the latest developments taking place in this industry. Therefore, it lists the most effective business strategies implemented by the market rivals for ideal business expansion.
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