Network Automation Market Witnesses Ongoing Developments in AI and Machine Learning Segment Is Fueling Network Automation Market Growth

 


The global Network Automation Market is estimated to be valued at US$ 22.17 Bn in 2023 and is expected to exhibit a CAGR of 23.4% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:
Network automation solutions enable enterprises to automate complex network operations, streamline operational workflows, and achieve greater business agility. Network automation helps to reduce complex manual processes and ensures compliance through centralized management and control of network devices in a single platform.

Market key trends:
One of the major trends gaining momentum in the network automation market is ongoing integration of artificial intelligence and machine learning technologies. AI and machine learning enables network automation solutions to analyze structured and unstructured data from networks and identify patterns to predict failures and vulnerabilities. It helps networks to become self-healing and optimizes itself based on demand and usage patterns. With the ability to analyze massive amounts of network data, AI and machine learning is allowing network automation solutions to enhance their capabilities beyond basic monitoring and make infrastructure smarter and leaner.

Segment Analysis
The global network automation market is dominated by network infrastructure management sub-segment, which holds around 40% share of the overall market. This is due to the increasing complexity in network infrastructures and rising need for centralized network management systems to effectively manage switches, routers and other network devices. The network infrastructure management solution helps in reducing human errors and improves visibility across the network by automatically configuring network devices.

Key Takeaways
The Global Network Automation Market Size is expected to witness high growth, exhibiting CAGR of 23.4% over the forecast period, due to increasing need for centralized network management solutions and rising adoption of network automation tools among large enterprises.

Regional analysis
North America dominates the global market with more than 35% share owing to large scale implementation of advanced networking solutions by major enterprises in countries like US and Canada. Asia Pacific exhibits the fastest growth supported by growing IT infrastructure and rising digitalization across industries in major countries like China and India.

Key players
Key players operating in the network automation market are Cisco Systems Inc., Extreme Networks Inc., Juniper Networks Inc., VMware Inc., SaltStack Inc., BMC Software Inc., Hewlett Packard Enterprise Development LP, Nuage Networks, IBM Corporation, NetBrain Technologies Inc., AppViewX Inc., Micro Focus International PLC, Fujitsu Limited, Arista Network Inc., SolarWinds Inc., Forward Networks Inc. and Network Automation Inc. Cisco systems dominates the market with largest market share owing to its broad portfolio of networking solutions and strong global presence.

Read More: https://www.ukwebwire.com/network-automation-market-size-share-and-growth-forecast-2023-2023/

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