Skip to main content

Network Automation Market Worth USD 22.58 Billion at 24.2% CAGR by 2027 Owing to Rising Investment in Automated Solutions in North America

Written by Customer Service on . Posted in Mergers And Acquisitions.

Pune, Dec. 17, 2020 (GLOBE NEWSWIRE) — The global network automation market size is expected to experience significant growth by reaching USD 22.58 billion by 2027 while exhibiting a stellar CAGR of 24.2% between 2020 and 2027. This growth is attributable to the surging investment in development and implementation of advanced technologies and the increasing adoption of connected devices that favor the adoption of innovative network automation solutions globally. Fortune Business Insights, in its latest report, titled, “Network Automation Market Size, Share & COVID-19 Impact Analysis, By Component (Solution, Services), By Network Type (Physical, Virtual, Hybrid), By Deployment (On Premises, Cloud), By Organization Size (Large Enterprises, SMEs), By End User (IT and Telecom, BFSI, Manufacturing, Energy and Utilities, Healthcare, Education, Others), and Regional Forecast, 2020-2027.”, mentions that the market stood at USD 4.00 billion in 2019 and is projected to showcase an exponential growth in the forthcoming years.Click here to get the short-term and long-term impact of COVID-19 on this market.
Please visit: https://www.fortunebusinessinsights.com/network-automation-market-104466
Reduced Investments in Development of New Automation Services amid COVID-19 to Hinder GrowthThe economic loss suffered by the SMEs since the first quarter of 2020, has propelled them to cut down expenses on business operations. This has led to a temporary reduction in the investments on the development of new advanced network automation solutions by the companies that is leading to a restraint market growth globally. However, post-pandemic, the introduction of 5G technology, along with the increasing need for the adoption of digitalization in business processes is expected to favor the market growth in the near future.Network automation is a process that involves the automation of networks and their services that include operations, planning, deployment, and optimization, among others. Additionally, it adopts advanced software to provide security and efficient management to maximize network functionality for the business processes across the globe.
Request a Sample Copy of Report: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/network-automation-market-104466
What does the Report Provide?The market report includes an in-depth analysis of several factors such as the key drivers and restraints that will have an impact on the market. Furthermore, the report includes significant insights into the regional insights that include different regions, which are contributing to the market growth. It includes the competitive landscape involving the leading companies and the adoption of strategies by them to introduce new products, announce partnerships, collaborate, and acquire other companies that will contribute to the market growth during the forecast period. Moreover, the research analyst has adopted several research methodologies such as Porter’s five forces analysis to obtain information about the current trends and industry developments that will drive the market growth between 2020 and 2027.DRIVING FACTORSIncreasing Adoption of Connected Devices to Favor Market GrowthAccording to the data by Clutch. co, about 40% of people surveyed were of the view that connected devices enable them to easily access important and sensitive data anytime, anywhere. The increasing adoption of connected devices aids the networking teams to provide efficient services to streamline network automation solutions across physical as well as virtual devices. Furthermore, the growing investment by the government and the major companies to develop smart advanced technologies is expected to boost the growth of the global market during the forecast period.SEGMENTATIONSolution Segment to Hold Highest Market Share Backed by Surging Adoption of Automated SolutionsThe solutions segment, based on the component, is expected to experience considerable growth backed by the increasing adoption of these solutions by operation teams to deliver efficient business processes.
Ask for Customization: https://www.fortunebusinessinsights.com/enquiry/customization/network-automation-market-104466
REGIONAL INSIGHTSNorth America to Remain Dominant; Rising Investment in 5G Project to Promote GrowthAmong all the regions, North America is expected to remain at the forefront and hold the highest position in the global network automation market during the forecast period. The region stood at USD 1.33 billion in 2019 and is expected to gain momentum owing to the rising investment in 5G projects in the region. Additionally, the growing focus on deploying advanced wireless network automation solutions by the major companies in the region will favor market growth.Europe, on the other hand, is anticipated to showcase significant growth owing to the increasing need for network optimization and compliance management backed by the surging number of internet subscribers in the region between 2020 and 2027.COMPETITIVE LANDSCAPEKey Players Focus on Business Transformation by Partnering Other CompaniesThe global network automation market comprises small, medium, and large companies striving to gain a major chunk and further maintain a stronghold. They are doing so by focusing on partnering with other companies to develop advanced solutions and boost their sales revenue. Furthermore, other key players are adopting strategies such as the introduction of new products, facility expansion, and merger and acquisition to maintain their presence in the fiercely competitive global marketplace.Industry Development:June 2020 – Anuta Networks announced its partnership with Juniper Networks to integrate its advanced ATOM platform into Juniper’s existing network automation portfolio. The partnership is anticipated to cement their position in the market and further aid in catering to the increasing demand for innovative network automation services. List of the Companies Profiled in the Network Automation Market:6Connect, Inc. (California, United States)Anuta Networks International, LLC (Dublin, Ireland)AppViewX, Inc. (New York, United States)Apstra, Inc. (California, United States)Arista Networks, Inc. (California, United States)BlueCat Networks, Inc. (Toronto, Ontario)BMC Software, Inc. (Texas, United States)Cisco Systems, Inc. (California, United States)Cumulus Networks, Inc. (California, United States)Entuity, Inc. (London, United Kingdom)Fujitsu Ltd (Tokyo, Japan)HCL Technologies, Ltd (Noida, India)HelpSystems, LLC. (Minnesota, United States)IBM Corporation (New York, United States)Infoblox (California, United States)Intraway Corporation (Argentina)IPsoft, Inc. (New York, United States)Juniper Networks, Inc. (California, United States)NetBrain Technologies, Inc. (Massachusetts, United States)Onapsis Inc. (Massachusetts, United States)Red Hat, Inc. (North Carolina, United States)Riverbed Technology, Inc. (California, United States)Veriflow Systems, Inc. (United States)VMware, Inc. (California, United States)
Quick Buy- Network Automation Market: https://www.fortunebusinessinsights.com/checkout-page/104466
Major Table of Content:IntroductionDefinition, By SegmentResearch Methodology/ApproachData SourcesKey TakeawaysMarket DynamicsMacro and Micro Economic IndicatorsDrivers, Restraints, Opportunities and TrendsImpact of COVID-19Short-term ImpactLong-term ImpactCompetition LandscapeBusiness Strategies Adopted by Key PlayersConsolidated SWOT Analysis of Key PlayersPESTLE AnalysisPorter’s Five Force AnalysisSupply chain Analysis Global Network Automation Key Players Market Share Insights and Analysis, 2019Key Market Insights and Strategic RecommendationsPrimary Interviewee’s Key ResponsesCompanies Profiled (Covered for key 10 players only)OverviewKey ManagementHeadquarters etcOfferings/Business SegmentsKey Details (Key details are subjected to data availability in public domain and/or on paid databases)Employee SizeKey FinancialsPast and Current RevenueGross MarginGeographical ShareBusiness Segment ShareRecent DevelopmentsAnnexure / AppendixGlobal Network Automation Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2016-2027By Component (Value)SolutionNetwork Automation ToolsIntent-Based NetworkingServicesProfessionalManagedBy Network Type (Value)Physical NetworkVirtual NetworkHybrid NetworkBy Deployment (Value)On-PremisesCloudBy Organization Size Type (Value)Large EnterpriseSMEsBy End User (Value)IT and TelecomBFSIManufacturingEnergy and UtilitiesHealthcareEducationOthersBy Region (Value)North AmericaSouth AmericaEuropeMiddle East & AfricaAsia Pacific
TOC Continued..
Speak To Our Analyst- https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/network-automation-market-104466
Have a Look at Related Research Insights:
Customer Experience Management Market Size, Share & Industry Analysis, By Component (Solution, Services), By Deployment (On-Premises, Cloud), By Organization Size (SMEs, Large Enterprises), By Touchpoint (Telephone, Email, Web, Social Media, and Others), By End-User (BFSI, Retail, IT and Telecommunications, Healthcare, Manufacturing, Government, Travel and Transportation and Others) and Regional Forecast, 2019-2026Customer Data Platform Market Size, Share & COVID-19 Impact Analysis, By Component (Platform and Services), By Deployment (Cloud, On-premises), By Type (Access, Analytics, and Campaign) By Industry (Banking, Financial Services and Insurance (BFSI), Retail and ecommerce, Information Technology (IT) and Telecom, Media and Entertainment, Travel and Hospitality, Healthcare, and Others (Government and Education)), and Regional Forecast, 2020-2027Professional Service Automation Software Market Size, Share & Industry Analysis, By Application (Consulting Firms, Marketing and Communication Firms, IT Firms, Architecture and Construction Firms, Research Firms, Accounting Firms, Others), By Deployment Type (Cloud, On-premise) and Regional Forecast, 2019-2026Artificial Intelligence (AI) Market Size, Share and Industry Analysis By Component (Hardware, Software, Services), By Technology (Computer Vision, Machine Learning, Natural Language Processing, Others), By Industry Vertical (BFSI, Healthcare, Manufacturing, Retail, IT & Telecom, Government, Others) and Regional Forecast, 2019-2026Digital Payment Market Size, Share & Industry Analysis, By Payment Type (Mobile Payment, Online Banking, Point of Sale, Digital Wallet), By Industry (Media & Entertainment, Retail, BFSI, Automotive, Medical & Healthcare, Transportation, Consumer Electronics, Others), and Regional Forecast, 2019-2026
About Us:Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in. Contact Us:
Fortune Business Insights™ Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune-Bangalore Highway,
Pune – 411045, Maharashtra, India.
Phone:
 US: +1-424-253-0390
UK: +44-2071-939123
APAC: +91-744-740-1245
Email: sales@fortunebusinessinsights.com
Fortune Business Insights™
LinkedIn | Twitter | BlogsRead Press Release https://www.fortunebusinessinsights.com/press-release/global-network-automation-market-10336

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.