Global Network Automation Market 2018: Demand, Types (On-Premise, Cloud), Trends, Driving Factors, Restraints and Opportunities by 2023
Sep 6, 2018
Global Network Automation Market 2018 report analyses various perspectives of the market such as latest developments, market shares, and strategies employed by the major market players.
Dallas, United States - September 6, 2018 /MarketersMedia/ —
Global Network Automation Market 2018-2023:
Network automation is one of the key methodologies supporting the evolution of intent-based networking (IBN), in which software is used to map how resources can be harnessed to meet the demands of what an enterprise needs to accomplish with its network.The Network Automation Market was valued at USD 2.43 billion in 2017 and is expected to reach USD 22.41 billion, at a CAGR of 44.81%, during the forecast period (2018-2023).
The network automation market is dominated by the adoption of tools that automate the process of Network Performance Monitoring and Diagnostics, and the maintenance of virtual and physical network device configurations. This provides an opportunity to lower costs, reduce human error and improve compliance with configuration policies. The market is further expected to consolidate as more niche suppliers and new market entries face challenges around the geographical presence and fragmented product offerings. The identified best practice in the market is ‘Network Performance Monitoring and Diagnostics’, as these tools will be adopted by both service providers and insourced IT organizations.
The major players include - CISCO SYSTEMS, INC., SOLARWINDS, IBM CORPORATION, MICROFOCUS, and JUNIPER NETWORKS INC., amongst others.
Rise in the Adoption of Virtual and Software-Defined Networking Infrastructure are driving the Growth of the Market
Networking is undergoing a significant change in order to cater to the requirements of an ecosystem that is increasingly connected and constantly demanding. The idea of software-defined networking (SDN) has emerged from the shadows to occupy center stage and has aroused significant interest and conjecture.
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SDN encompasses a set of networking technologies, directed at shaping the network as agile and flexible, as the virtualized server and storage infrastructure comprising of the modern data center facilities.
In recent years, SDN has captured people’s attention and is increasingly redefining the way networks are built and managed, for a world that is modern, connected, and always switched on.
The market is affected by several factors at play in key business verticals, such as IT & Telecom, BFSI, among others. The major drivers for growth in this market are increasing complexity and traffic on the networks, and the rising demand for mobility in the communication industry among others. Moreover, the advent of cloud technology, security, and big data is further facilitating the growth of the SDN solutions market. Conversely, this market is challenged by the lack of awareness of SDN solutions among SMBs.
The general market outlook is optimistic, owing to increased demand for SDN solutions, and with telecom service providers focusing on innovative service offering and incremental innovations in technology the market is set to witness a robust growth during the forecast period.
Asia-Pacific Market to Witness High Adoption of the Solutions
North America region is estimated to be the largest market for network automation in 2017, but is expected to show a comparatively slower growth as compared to Asia-Pacific due to the early adoption of solutions by the leading players on the continent. The growth of the network automation market in this region strongly correlates with the growth of end-user industries, such as BFSI, healthcare, IT & telecom, among others. The market in North America is witnessing the adoption of favorable standards and networking regulations, which are further boosting the demand.
Research indicates that the number of cell phone users in the United States had exceeded 240 million in 2017. The number is poised to grow further in the upcoming years, further increasing the demand for network security for mobility and developing a robust networking infrastructure.
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Key Developments
November 2017 – Technology solutions provider Ethernity Networks had joined Intel's ‘Network Builders’ programme. It is seen as an ecosystem where technology solution providers working together to accelerate the adoption of network functions virtualization (NFV) and SDN based solutions in telecommunications networks and the public, private enterprise, and hybrid clouds
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Some of Major Point From Global Network Automation Market 2018 Table of Content
1. Introduction
1.1 Key Deliverables of the Study
1.2 Study Assumptions
1.3 Market Definition
1.4 Key Findings of the Study
2. Research Approach and Methodology
3. Executive Summary
4. Market Dynamics
4.1 Market Overview
4.2 Factors Driving the Market
4.2.1 Urgent Need to Manage Network Bandwidth and Gain Visibility in Network
4.2.2 Rising Adoption of Virtual and Software-Defined Networking Infrastructure
4.3 Factors Restraining the Market
4.3.1 Upsurge of Open-Source Solutions is Driving in-house Deployment
4.4 Industry Policies
4.5 Industry Value Chain Analysis
4.6 Industry Attractiveness – Porter's Five Industry Forces Analysis
4.6.1 Bargaining Power of Suppliers
4.6.2 Bargaining Power of Consumers
4.6.3 Threat of New Entrants
4.6.4 Threat of Substitute Products or Services
4.6.5 Competitive Rivalry among Existing Competitors
Continued...
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