According to a new report titled Global Network Automation Market (2017 - 2023), published by KBV Research, the Global Network Automation Market size is expected to reach $18.6 billion by 2023, rising at a CAGR of 42% during the forecast period. The critical need for network bandwidth management and network visibility, and rapid adoption of smart connected devices across all industry verticals are some of the major factors that would drive the market growth during the forecast period. Nevertheless, growing adoption of virtual and software-defined network infrastructure, and network downtime due to human errors are the factors that would limit the market growth during the forecast period.
Within the solutions segment, network automation tools would hold the largest market share during the forecast period. Network automation tools are used for automating the deployment, management, testing, configuration, and operations of physical and virtual devices within a network. Network automation tools are used to enhance the security of a network by automating the network visibility. Within the services component, training and education segment would witness highest CAGR. Automation solution providers promote training programs to help network engineers to gain insights on leveraging the full capabilities of the network automation and analytics solutions. Based on regions, the North American region held the largest market share within the Global Network Automation Tools, in 2016, and would continue to be a dominant market till 2023; growing at a CAGR of 36.6 % during the forecast period.
The KBV Cardinal Matrix is a visual representation about the key players in the industry. The matrix is designed considering the major strategic developments including mergers & acquisitions, product launches, partnership and the financial strength of the companies in the considered years.
Based on the Analysis presented in the Cardinal matrix, Cisco Systems, Inc. and IBM Corporation are the forerunners in the Network Automation market.
Asia Pacific is among the leading regions and would grow at a CAGR of 44.5% during the forecast period, housing some of the major economies such as Japan, China, India, and Australia. These countries offer tremendous market opportunities for technologies such as network automation. Rapidly growing web, telecom, data centers, and IoT in the region has led to the need for monitoring, protecting, and managing different applications that are prone to vulnerabilities.
Based on Network Infrastructure, the Physical Network Configuration & Automation market held the largest market share in 2016, and would continue to be a dominant market till 2023. The Virtual Network Configuration & Automation market would garner market size of $3,080.6million by 2023.
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the Global Network Automation Market have been discussed in the report with the competition analysis and elaborated company profiles of Cisco Systems, Inc., IBM Corporation, Juniper Networks, Inc., Riverbed Technology, Micro Focus, Netbrain Technologies, SolarWinds, Inc., BMC Software, Apstra, and BlueCat.
Global Network AutomationMarket Segmentation
Network Automation Tools
By Network Infrastructure
Physical Network Configuration & Automation
Hybrid Network Configuration & Automation
Virtual Network Configuration & Automation
By Organization Size
Small & Medium Enterprises
By Deployment Mode
Energy & Utilities
Media & Entertainment
North America Network Automation Market
US Network Automation Market
Canada Network Automation Market
Mexico Network Automation Market
Rest of North America Network Automation Market
Europe Network Automation Market
Germany Network Automation Market
UK Network Automation Market
France Network Automation Market
Russia Network Automation Market
Spain Network Automation Market
Italy Network Automation Market
Rest of Europe Network Automation Market
Asia Pacific Network Automation Market
China Network Automation Market
Japan Network Automation Market
India Network Automation Market
South Korea Network Automation Market
Singapore Network Automation Market
Malaysia Network Automation Market
Rest of Asia Pacific Network Automation Market
LAMEA Network Automation Market
Brazil Network Automation Market
Argentina Network Automation Market
UAE Network Automation Market
Saudi Arabia Network Automation Market
South Africa Network Automation Market
Nigeria Network Automation Market
Rest of LAMEA Network Automation Market
Cisco Systems, Inc.
Juniper Networks, Inc.
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