Network Automation Market Revenue to Cross USD 18 Billion-Mark by 2026: Global Market Insights, Inc.
Asia Pacific network automation market is expected to observe over 30% growth during the forecast period impelled by growing 5G commercialization, industry automation, and cloud services.
Mar 31, 2020, 19:00 ET
SELBYVILLE, Del., March 31, 2020 /PRNewswire/ -- According to the latest report "Network Automation Market by Component (Software [Intent-Based Networking, SD-WAN, Network Automation Tools], Service), Type (Local Area Network, Wide Area Network, Data Center Networks, Cloud Networks, Wireless Networks), Network Infrastructure (Physical Network, Virtual Network, Hybrid Network), Application (Manufacturing, Telecom & IT, Healthcare, Energy & Utilities, BFSI), Deployment Type (On-Premise, Cloud), Regional Outlook, Competitive Market Share & Forecast 2026," by Global Market Insights, Inc., the market valuation of network automation will reach $18 billion by 2026.
The rising adoption of advanced technologies, such as Artificial Intelligence (AI), the Internet of Things (IoT), robotics, and machine learning, is expected to support network automation market growth. Furthermore, the growing demand for network troubleshooting and real-time monitoring is also contributing significantly to the market growth.
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The growing adoption of network automation technologies across industries is expected to support the market growth. The requirement for connectivity, network management, and network performance improvement from enterprises is driving the demand for the market.
Network automation provides wireless infrastructure management with accessibility and real-time monitoring capabilities. It manages wireless broadband connectivity, automates business processes, and supports real-time monitoring. Due to these supportive applications, cloud enterprises are adopting network automation solutions & services.
The cloud networks type segment is expected to grow at a steady rate over the forecast period. The extensive demand for network automation in cloud-based data center applications is supporting market growth.
The cloud deployment segment in the network automation market is anticipated to attain a steady growth from 2020 to 2026. The enterprises across multiple industry segments are adopting cloud services due to affordability, easy procurement, and deployment. Cloud network automation is also gaining traction as it enables enterprises to deploy flexible web-based applications with minimum hardware requirements. As cloud services can be provided over private cloud and public cloud infrastructure, there is an increase in the adoption of cloud-based network automation services.
The hybrid network infrastructure segment is projected to grow significantly over the forecast timeline. The hybrid network infrastructure consists of multiple network topologies in the business. These can include virtual and physical network configurations to increase the efficiency and agility of the network. These also provide optimum levels of automation capabilities. Due to supportive characteristics, network service providers focus on providing network automation services to enterprises.
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The Asia Pacific network automation market is expected to observe over 30% growth during the forecast period impelled by growing 5G commercialization, industry automation, and cloud services. The companies operating in the automotive industry are focusing on the development of autonomous vehicles.
The manufacturing sector is expected to gain significant market share through 2026 due to increasing adoption of smart utilities and emergence of Industry 4.0. The connected manufacturing facilities consist of smart utilities connected over a shared infrastructure. These can be remotely monitored for effective output. The network automation managed services can be implemented to provide uninterrupted business processes through industrial network infrastructure.
Some major findings of the network automation market report include:
- The emergence of Industry 4.0 is supporting the market growth for smart utilities.
- Rising investment in the automotive sector in the Europe and Asia Pacific regions is supporting the market growth for vehicle communication applications.
- Major players operating in the network automation market are Red Hat, Inc., IBM Corporation, and Cisco Systems.
- Companies operating in the market are focusing on the development of advanced products that can enable automation in network infrastructure.
Table of Contents (ToC) of the report:
Chapter 3 Network Automation Market Insights
3.2 Industry segmentation
3.3 Industry landscape, 2015 - 2026
3.4 Network automation ecosystem analysis
3.5 Network automation architecture
3.6 Network automation evolution
3.7 Network automation standards
3.7.1 Fibre Channel over Ethernet (FCoE)
3.7.2 Data Center Bridging (DCB)
3.7.3 Network Virtualization using Generic Routing Encapsulation (NVGRE)
3.7.4 Virtual Extensible Local Area Network (VXLAN)
3.7.5 Virtual Edge Port Aggregator (VEPA)
3.7.6 Transparent Interconnection of Lots of Links (TRILL)
3.8 Technology & innovation landscape
3.8.1 Intent-based Networking
3.8.3 Data Center Networks
3.9 Industry impact forces
3.9.1 Growth drivers
3.9.2 Industry pitfalls and challenges
3.10 Porter's analysis
3.11 PESTEL analysis
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About Global Market Insights, Inc.
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider. Offering syndicated and custom research reports, growth consulting and business intelligence services, Global Market Insights, Inc. aims to help clients with penetrative insights and actionable market data that aid in strategic decision making.
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Global Network Automation Market to cross US$18 Billion valuation by 2026: GMI
Major players operating in the network automation market are Red Hat, Inc., IBM Corporation, and Cisco Systems.
SOURCE Global Market Insights, Inc.
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