Market Size of Network Automation Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 25.16 Billion |
| Market Size (2029) | USD 71.29 Billion |
| CAGR (2024 - 2029) | 23.16 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Network Automation Market Analysis
The Network Automation Market size is estimated at USD 25.16 billion in 2024, and is expected to reach USD 71.29 billion by 2029, growing at a CAGR of 23.16% during the forecast period (2024-2029).
The network automation market has significantly grown in recent years, driven by the increasing complexity of networks and the need for efficient management solutions. The key driver behind this growth is the rising adoption of cloud computing and virtualization technologies, which has necessitated more agile and scalable network infrastructures.
- Software-defined networking (SDN) is integrated with network functions virtualization (NFV) technology to configure and change the network according to business or service goals while using network automation with virtualization. The SDN controls how the hardware devices operate. Administrators can create virtual software networks between virtual machines or manage multiple physical networks with networking software.
- Network virtualization and network automation are especially useful for environments that experience unplanned usage surges because the automated network can accommodate these surges by automatically redirecting network traffic to servers in less impacted areas of the network.
- The proliferation of IoT devices and the demand for real-time data processing have further fueled the need for automation to handle the sheer volume of network traffic and devices. Enterprises are recognizing the cost-saving benefits of automation by reducing manual errors, improving operational efficiency, and enabling faster service deployment.
- The shortage of skilled professionals in the network automation market presents a significant restraint for industries seeking to adopt advanced networking technologies. The complexity of network automation systems presents a significant challenge, necessitating expertise in programming, network architecture, and cybersecurity.
- Several macroeconomic factors significantly influence the network automation market. These include economic growth, global trade dynamics, interest rates, labor market conditions, regulatory shifts, technological advancements, geopolitical stability, digital transformation efforts, and sustainability considerations. These trends collectively shape the adoption and evolution of network automation technologies, enabling businesses and policymakers to make informed decisions.
