NETWORK AUTOMATION MARKET TO REACH USD 68.2 BILLION BY 2027 | CAGR 44.6% – FORENCIS RESEARCH

Network Automation Market - Global Industry Analysis and Forecast 2020 to 2027

Global Network Automation Market: Key Highlights

  • According to the new market research report Network Automation Market by Deployment Type (Cloud, On-Premises), by Component (Solution, Services), by Network Framework (Physical Network, Hybrid Network and Virtual Network), by Enterprise Size (Small and Medium Sized Enterprises and Large Enterprises), by End-Use (Banking, Financial Services and Insurance (BFSI), Energy and Utilities, Manufacturing, Media and Entertainment, Healthcare, Consumer Goods and Retail and Others), by Region (North America, Asia Pacific, Europe, Middle East and Africa, South America) – Global Forecast (2020 to 2027)”, the global Network Automation Market is estimated to reach USD 68.2 Billion by 2027 at a CAGR of around 44.6% during the review period.
  • The network automation can be used by various enterprise and services to boost its efficiency and to reduce the human error. It helps to automates different type of network from local or wide area network to a data center as well as wireless network.
  • Moreover, the automation of network contains network mapping and network testing which may lead to growth the demand of the market.

Network Automation Market

Global Network Automation Market: Key Market Dynamics

  • The growing adoption of advanced network solutions is witness to boost the network performance and network operation of the market in the forecast period.
  • The machine learning and artificial intelligence will also lead to enhance troubleshooting of the network problem by the features of real time data analysis which will lead to enhance the network automation market in the projected period.
  • One of the major key concern of the network automation market is the lack of awareness in the market in the forecast period. Also the lack of skilled professionals to manage the complex network environment may hamper the service of the market.
  • Adoption of advanced networking solution by various small and medium enterprise as well as increasing in investments on R&D in network automation will create a positive impact in the growth of the market in the forecast period.

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Global Network Automation Market: Regional Overview

  • Asia-Pacific:

In the region, more than 75% of China is registered enterprise is being small and medium enterprise which will enhance the economic growth. Also, India has taken an initiative for the growth and development of small and medium sized business with the Make in India program. Whereas, the region has substantial penetration for the technologies in artificial intelligence, big data and machine learning. Hence, the region is witness to boost the market growth in the countries such as Japan, China and India with its new emerging technological growth.

  • Europe

According to the European Commission, the EU digital strategy is aims to boost the citizens and businesses to target its digital transformation growth. Also, the European Union strategies for artificial intelligence and data focus to motivate businesses to work with the emerging new technologies with the people trust. The region is one of the major player in the growth of technology market, which will lead to enhance the growth of the network automation market.

Global Network Automation Market: Key Players Overview

  • IBM Corporation:

It is an American multinational technology company which provides information technology services for the customer all around the world. In 2017, the company has signed a 7 year of contract with SEA which will help the SEA to use IT platform to support new technology which includes SDN and NFA to boost the SEA operational and service level. As per the company, the network automation is an automatically responding to messages and MSUs as well as automate network commands.

  • Cisco Systems, Inc.:

Cisco Systems, Inc. is an American multinational company which sells and manufactures the hardware, telecommunication and software. The network automation is a process which help in configure, testing, deploying and managing the network. Moreover, in 2017 the company has partnership with TIM group and introduce a project to enhance TIM’s Optical Packet Metro (OPM) network. As well as these project will help in deployment of new automation mechanism and SDN technology to boost the efficiency and adoption of 5th generation technology.

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Rep Id : ICT 083

Published : 2020-07-29