Market Size of Network Automation Industry
| Study Period | 2019-2029 |
| Market Size (2024) | USD 25.16 Billion |
| Market Size (2029) | USD 60.59 Billion |
| CAGR (2024 - 2029) | 19.22 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Europe |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Network Automation Market Analysis
The Network Automation Market size is estimated at USD 25.16 billion in 2024, and is expected to reach USD 60.59 billion by 2029, growing at a CAGR of 19.22% during the forecast period (2024-2029).
Public and private companies and government entities are requiring employees to work from home (WFH), putting an unforeseen strain on networking technologies and causing bandwidth and security concerns because of increased internet traffic, which is driving the Network Automation Market across the globe.
- Enterprise networks are under pressure, with more users, devices, and applications relying on the network for essential connectivity to a broad range of endpoints. Organizations are increasingly interested in new network architectures and advanced management tools that leverage machine learning and artificial intelligence to create self-driving or autonomous networks. These advancements are also significantly changing the way enterprises rely on services from their partners and vendors.
- One of the most significant benefits of network automation is a lower operational expense. By eliminating tedious and manual processes through automated and orchestrated infrastructures, one not only extends the network's capabilities but also achieves a faster ROI.
- Automation also reduces errors and builds resiliency. In addition to automating manual tasks to minimize network errors, many solutions automatically respond to network errors without intervention, enhancing business resiliency and ensuring employees have access to the applications and data they need whenever they need it. Increased network automation levels help reduce complexity and are essential for businesses to keep up in the digital world.
- One of the main factors constraining the market's growth is certain firms' concern that automated solutions can overlook security issues or impose many network restrictions. Additionally, implementing automated systems or solutions forces an organization to hire professionals or train its current network teams, ultimately raising costs for the business.
- Moreover, The COVID-19 pandemic has had a significant impact on various industries, including the network automation market. The pandemic accelerated the adoption of digital transformation initiatives as businesses had to quickly adapt to remote work and changes in consumer behavior. Network automation became crucial in enabling scalable and efficient digital infrastructures.
