by Network automation enables organizations to automate network operations and infrastructure through centralized management and control. It provides various advantages like improved productivity, reduced errors, enhanced agility and flexibility. The growing network complexity and evolving needs of enterprises along with the need to improve operational efficiencies and reduce costs are fueling the demand for network automation solutions. Network automation allows enterprises to scale their networks efficiently as business needs change.
The Global Network Automation Market is estimated to be valued at US$ 25.54 Bn in 2024 and is expected to exhibit a CAGR of 9.4% over the forecast period 2024 to 2030.
Key players operating in the Network Automation market are Pfizer Inc., AstraZeneca plc, F. Hoffmann-La Roche Ltd., Eli Lilly and Company, Boehringer Ingelheim GMBH, Novartis AG, Bristol-Myers Squibb Company, and Merck & Co., Inc. The growing demand for network automation from various industries like banking, healthcare, transportation etc. and increasing focus on digital transformation initiatives are some of the key opportunities in the market. Advancements in technologies like AI, ML, cloud computing etc. are playing a vital role in automating complex network operations and enabling centralized network management.
Market drivers
The increasing need to improve network agility and reduce the mean time to repair are a major Global Network Automation Market Size driver. Network automation helps to provision and re-provision resources in real-time based on business priorities using software-defined architecture. This improves network agility and flexibility. Network automation also reduces the mean time to repair by enabling automatic fault detection and self-healing capabilities. The cost benefits of network automation like reduced operational expenses, centralized management and increased productivity also drives its adoption.
Current challenges in network automation market:
The network automation market is currently facing various challenges primarily due to increasing network complexity and security threats. Many organizations are still relying on legacy network infrastructure which makes automation difficult. Managing increasingly complex network architectures with multiple vendors and technologies is a key issue. Lack of skilled professionals to implement and manage network automation solutions is another major hurdle. Cybersecurity remains a persisting challenge as automated networks are more prone to attacks. Integration of various components from multiple vendors is also not seamless. However, the market players are continuously working on making their solutions more scalable, vendor-agnostic and secure.
SWOT Analysis
Strength: Network automation solutions help improve networking agility, reduce downtime and optimize resource utilization. They enable easy deployment of new services and applications.
Weakness: High initial investment and transition costs. Dependence on third party vendors for technology, integration and support.
Opportunity: Growing demand for cloud, IoT, big data analytics is driving the need for advanced network automation. Increasing focus on digital transformation offers significant opportunities.
Threats: Integration challenges with legacy systems. Risk of security threats and vulnerabilities in automated network systems. Inter-operability issues in multi-vendor environments.
North America accounts for the largest share of the network automation market currently, owing to heavy investments in digital transformation by enterprises. The presence of key solution providers and early adoption of advanced technologies also contributes to North America’s dominance. Asia Pacific region is expected to grow at the fastest pace during the forecast period due to rising IT expenditure, deployment of 5G networks, and government initiatives for smart infrastructure development in various countries.
Europe network automation market is witnessing steady growth led by Germany, U.K, and France. Growing penetration of cloud and IoT applications is driving network upgrades and automation initiatives across industries. Latin America and Middle East & Africa markets are at a nascent stage currently but offer huge potential for network automation solution providers given ongoing digitization programs in these regions.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
About Author - Money Singh
Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemicals and materials, defense and aerospace, consumer goods, etc. LinkedIn Profile
