Global Network Automation Market to Reach USD 103.6 Billion by 2033, Impelled by Rapid Digitization

November 20, 2024 | Technology & Media

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According to the latest report by IMARC Group, titled "Network Automation Market Report by Component (Solution, Services), Deployment Mode (On-premises, Cloud-based), Organization Size (Large Enterprises, Small and Medium-size Enterprises), Network Type (Physical, Virtual, Hybrid), End Use Industry (IT and Telecom, Manufacturing, Energy and Utility, Banking and Financial Services, Education, and Others), and Region 2025-2033," the global network automation market reached a value of USD 24.1 Billion in 2024. Network automation includes the adoption of software solutions to automate network and security management in order to continuously maximize functionality and network efficiency. It involves configuring, managing, testing, deploying, and operating virtual and physical devices within a network. It is widely used by service providers and enterprises to improve efficiency, reduce operating expenses and minimize human errors. Some of the popular network automation include script-driven, software-based and intent-based. The demand for network automation is increasing across the globe due to its several benefits since it assists in gaining network visibility, enhancing operational speed and efficiently analyzing and resolving issues.

Global Network Automation Market Trends:

The global market is primarily driven by significant growth in the information technology (IT) sector. Along with this, rapid digitization across the globe has encouraged multiple businesses to heavily invest in the deployment of network automation, which is providing an impetus to the market growth. Moreover, continual technological advancements and the integration of artificial intelligence (AI), the internet of things (IoT) and cloud computing with network automation solutions are creating a positive market outlook. Additionally, the widespread adoption of connected devices across the corporate sector in order to simplify and scale network operations is impacting the market favorably. Furthermore, the rapid outbreak of coronavirus disease (COVID-19) and the rising adoption of remote working models are also considered to be major growth-inducing factors. Other factors, including rapid urbanization, intensive business competition, the increasing popularity of over-the-top (OTT) platforms and extensive research and development (R&D) activities conducted by key players, are further positively influencing the market. On account of the aforementioned factors, the market is anticipated to reach a value of USD 103.6 Billion by 2033, growing at a CAGR of 16.7% during 2025-2033.

Market Summary:

On the basis of the component, the market has been segmented into solutions (network automation tools, SD-WAN and network, virtualization and internet-based networking) and services (professional and managed services).
Based on the deployment mode, the market has been segregated into on-premises and cloud-based.
On the basis of the organization size, the market has been classified into large and small and medium-size enterprises.
Based on the network type, the market has been categorized into physical, virtual and hybrid.
On the basis of the end-use industry, the market has been segmented into IT and telecom, manufacturing, energy and utility, banking and financial services, education and others.
Based on the region, the market has been divided into North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia and others), Latin America (Brazil, Mexico and others) and the Middle East and Africa.
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market. Some of the key players include AppViewX Inc., BMC Software Inc., Cisco Systems Inc., Extreme Networks Inc., Fujitsu Limited, Hewlett Packard Enterprise Development LP, International Business Machines Corporation, Juniper Networks Inc., Micro Focus International PLC, Netbrain Technologies Inc., Solarwinds Corporation and Vmware Inc.

Report Coverage:

Report Features	Details
Base Year of the Analysis	2024
Historical Period	2019-2024
Forecast Period	2025-2033
Units	Billion USD
Segment Coverage	Component, Deployment Mode, Organization Size, Network Type, End Use Industry, Region
Region Covered	Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered	United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered	AppViewX Inc., BMC Software Inc., Cisco Systems Inc., Extreme Networks Inc., Fujitsu Limited, Hewlett Packard Enterprise Development LP, International Business Machines Corporation, Juniper Networks Inc., Micro Focus International PLC, Netbrain Technologies Inc., Solarwinds Corporation and Vmware Inc.
Customization Scope	10% Free Customization
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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Global Network Automation Market to Reach USD 103.6 Billion by 2033, Impelled by Rapid Digitization

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