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Network Automation Market Latest Trends, Growth Analysis and Forecast by 2026

Author : Ronak Bora | Published Date : 2020-08-19 

Network automation market is segmented into wide area network (WAN), local area network (LAN), cloud networks, wireless networks, and data center networks according to the type. WAN segment is estimated to register a 30.22% share of the total market size by 2026. Wide area networks have the largest geographical coverage, which can help in the deployment of advanced technologies into existing networks.

Data center networks segment will experience growth at 29.7% through 2026. This growth can be attributed to rapid adoption of centralized network provisioning services and integrated enterprise management solutions. Network automation vendors are anticipated to witness lucrative opportunities with more and more enterprises looking to make their data center networks more efficient and reliable.

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Network automation finds extensive application in telecom & IT, healthcare, manufacturing, retail, BFSI, and energy & utilities sectors. Healthcare application segment is projected to grow at 27.4% through 2026. Recent years have witnessed a rapid upsurge in the adoption of internet of medical things (IoMT), which has increased the need for efficient network automation solutions.

Network Automation market size is expected to exceed USD 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 market growth. Furthermore, the growing demand for network troubleshooting and real-time monitoring is also contributing significantly to the market growth.

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

The Asia Pacific network automation market is expected to grow at a CAGR of over 30% from 2020 to 2026 due to 5G commercialization, industry automation, and cloud services. The companies operating in the automotive industry are focusing on the development of autonomous vehicles.

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For instance, in February 2019, Huawei launched the MBB Automation Engine and BTS5900 series base station. This implemented wireless network automation with 5G network connectivity to enable automation. These infrastructural development activities and supportive economy are expected to aid in gaining R&D investments in automotive networking technology across Asia Pacific.

Table of Contents (ToC) of the report:

Chapter 5    Network Automation Market, By Type

5.1    Key trends, by type

5.2    Local Area Network (LAN)

5.3    Wide Area Network (WAN)

5.4    Data center networks

5.5    Cloud networks

5.6    Wireless networks

Chapter 6    Network Automation Market, By Component

6.1    Key trends, by component

6.2    Software

6.2.1 Intent-based networking

6.2.2 SD-WAN

6.2.3 Network automation tools

6.3    Services

6.3.1 Professional service

6.3.2 Managed service

Chapter 7    Network Automation Market, By Network Infrastructure

7.1    Key trends, by network infrastructure

7.2    Physical network

7.3    Virtual network

7.4    Hybrid network

Browse complete Table of Contents (ToC) of this research report @ https://www.decresearch.com/toc/detail/network-automation-market

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. [email protected] | https://twitter.com/RonakBora26

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