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Network Automation Market 2018-2024 Top Key Industry Players: Arista Networks, Cisco, Fujitsu Global, HCL Technologies, IBM, IPsoft, Juniper Networks
Network Automation Market Driving Factors, Growth Revenue, Analysis, Outlook, Key Vendors and Forecast To 2024
The outsourcing of back-end functions to third-party IT service providers boost their operational efficiency and reduce the deployment costs by around 40%. Furthermore, the deployment of third-party vendors enables the businesses to cut down their operational cost by around 60%. Automation Anywhere, TCS, Wipro, and Salesforce.com are some of the key vendors that offer highly secure and scalable data to enterprises.
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Global Network Automation Market was estimated at over USD 1.7 billion in 2017, and is set to exceed USD 7 billion by 2024. The network automation market growth is attributed to the growing adoption of network function virtualization (NFV) and software-defined networking to modernize the IT environment of the enterprises. The NFV technology enables the service providers to consolidate the several network equipment into a single physical hardware. Furthermore, supportive government initiatives for the commercialization of 5G network technology to reduce the OPEX and CAPEX also foster the market growth. In addition, the flexibility and scalability offered by the technology also augment the demand for the market.
The SD-WAN held a market share of more than 67% in the network automation market in 2017. The automated provisioning principle of SD-WAN technology helps the enterprise to send data packets to its branches without having to configure any changes. Moreover, the cost-effectiveness of the SD-WAN will also foster the market growth. The technology has the potential to reduce the deployment cost by approximately 40%. CloudGenix, Aryaka Networks, and Citrix are some of the leading key players that offer the technology to their users. In July 2018, Citrix partnered with Microsoft Azure to offer consistent productivity and enhanced user experience to their end users.
The virtual network infrastructure segment is expected to register a CAGR of more than 29% over the forecast timeline. Virtual networks allow businesses to communicate within the same network without any ambiguity. For instance, Hackensack University Medical Center adopted Citrix Systems’ virtual computing mechanism to assist its patients online. Moreover, the implementation of virtual networks into existing networks also assists organizations to address the networking issues by eliminating unused IPs and network interfaces.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. Arista Networks
3. Fujitsu Global
4. HCL Technologies
7. Juniper Networks
8. Micro Focus
10. Red Hat
11. Riverbed Technology
15. BMC Software
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Network Automation Market, By Type
o Data Center Networks
o Cloud Networks
o Wireless Networks
Network Automation Market, By Component
o Intent-based networking
o Network Automation Tools
o Professional Services
o Managed Services
North America accounted for the highest market share of more than 50% in the network automation market in 2017 due to the presence of large key vendors and startups in the region. Further, the adoption of recent technologies, such as intent- based networking, SD-WAN, and DevOps, in the region will strengthen the market growth over the forecast period. The evolution of Industry 4.0 will also boost the deployment of automation technologies into manufacturing sector.
The Asia Pacific network automation market is expected to record a CAGR of more than 28% over the forecast period. The surge of investments in the 5G technology will propel the market growth of automation vendors in this region. For instance, Japan’s leading telecom providers invested around USD 45.5 billion to boost the 5G infrastructure in their country. Furthermore, macroeconomic factors such as urbanization and an upsurge in disposable income of end users will have a strong impact on the market growth.
The key players operating in the network automation market are 6Connect, Anuta Networks, Apstra, Arista Networks, BlueCat, BMC Software, Cisco, Cumulus Networks, EfficientIP, Entuity, Fujitsu Global, Gluware, Inc., HCL Technologies, HelpSystems, IBM, Intraway, IPsoft, Itential,Juniper Networks, Micro Focus, NetBrain Technologies Inc., Network to Code, Onapsis Inc., Puppet, Red Hat, Riverbed Technology, SolarWinds, Veriflow, and Wavestone.
Browse key industry insights spread across 310 pages with 432 market data tables & 42 figures & charts from the report, Network Automation Market in detail along with the table of contents:
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