Network Automation Market to Surge Over the Next Decade

According to the latest forecast from Future Market Insights, the global network automation market will reach $34.8 billion in the next decade.

The market is estimated to be $4.4 billion by 2023 and is likely to grow at a CAGR of 23% from 2023 to 2033.

The market is expected to expand rapidly due to the increasing use of connected devices, emergence of hybrid workspaces, and 5G-driven applications.

Furthermore, the growing focus on using network virtualization is expected to accelerate the growth of the network automation market. The use of network automation-enabled services in new industries and sectors including BFSI, manufacturing, and retail is conducive to market growth.

The United States is the leading region in the adoption of network automation solutions and services. The country contributes nearly 30% of the global revenue. India and China are the two economies that are witnessing significant growth in the Asia Pacific network automation market.

The network automation solutions segment dominated the market with 70% revenue share until 2022 and prior years. However, the services segment is picking up quickly and is expected to grow at a rate of 25.5% during the forecast years.

On-premises deployments for network automation will account for 55% of the market by 2022. Meanwhile, deployments of cloud network automation solutions are rapidly gaining popularity and are expected to grow at a CAGR of 25% by 2033.

Based on the different network types, the virtual network segment is expected to grow at an average annual rate of 24%, while the hybrid network segment is expected to follow closely with an annual growth rate of 23.5%.

Anuta Networks, IBM Corporation, VMware, Juniper Networks, Cisco Systems Inc., and Fortinet, Inc. are some of the prominent industry players. These companies are collaborating with telecom providers, advertising, and local players to outperform their competitors and capture a large portion of the market.

The Unified Functional Testing (UFT) platform is a single collection of network solutions. It was created to reduce the time and complexity of automating the functional testing process. In July 2020, the portfolio received expanded support for artificial intelligence integration from Micro Focus.

Juniper Networks is combining its JUNOS-based data center networking platform with Apstra’s network automation project in 2021. Apstra’s automation platform is based on an agile multi-tenant architecture. As this partnership moves deeper into autonomous networks driven by AI, the unified platform is likely to help them optimize business processes.

To help CIOs automate IT processes to improve resiliency and reduce costs, IBM released new artificial intelligence and intelligent network automation in May 2020. The new IBM Watson AlOps offering uses artificial intelligence to simplify how businesses identify, analyze and respond to IT anomalies in real time.

To deliver complex network automation open source, Juniper Networks and Anuta Networks partnered in June 2020. The Anuta ATOM framework is now included in Juniper's current family of automation tools. This already includes Juniper HealthBot, Juniper NorthStar, and Junos Telemetry.

Hewlett Packard Enterprise has partnered with Japanese telecommunications company OPTAGE in January 2022. OPTAGE evaluated the ability of its HPE 5G Core Stack for local networks to meet the expectations of enterprise customers for different end users.