February 21, 2024
Network Automation Market
Ict

Network Automation Market is Accelerating the Need for Real-time Data Analytics

Network automation enables organizations to deploy network infrastructures faster and with improved scalability and security. These solutions help simplify network operations and streamline configuration changes across entire infrastructure from data centers and campuses to remote branches. Network automation tools utilize machine learning and artificial intelligence to analyze real-time network data and proactively identify issues. They automate repetitive tasks such as configuration backups, deployments, and security policy updates to improve operational efficiency. The global Network Automation Market is estimated to be valued at US$ 25.54 billion in 2024 and is expected to exhibit a CAGR of 9.4% over the forecast period 2024-2031, as highlighted in a new report published by Coherent Market Insights.

Network automation providers offer products that perform complex configuration tasks reliably and continuously across diverse multi-vendor environments. They help reduce downtime, eliminate human errors, and enhance overall performance through centralized management and orchestration. Network automation tools integrate seamlessly with existing IT systems and deliver unified visibility across hybrid infrastructure. Their ability to analyze massive volumes of network telemetry data in real-time enables proactive monitoring, predictive maintenance, and remediation of issues before customers notice performance degradation. The need for real-time analytics is driving innovations in network automation solutions.

Market key trends:
The rising demand for real-time network visibility is a major trend in the network automation market. Network automation tools are incorporating advanced analytics capabilities to capture telemetry data streaming from different network elements. Their ability to analyze this massive volume of data in real-time helps gain valuable insights into user experience, traffic patterns, areas of congestion, and upcoming maintenance needs. It enables network teams to proactively detect and resolve issues before they impact business productivity. Cloud-based network automation solutions are also gaining popularity as they reduce infrastructure costs and provide instant access to real-time analytics through web-based dashboards.

Porter’s Analysis
Threat of new entrants: The threat of new entrants in the network automation market is moderate. Significant capital investments are required for R&D to develop new products and build required infrastructure.

Bargaining power of buyers: The bargaining power of buyers is high due to the presence of many established players and availability of substitutes. Buyers can negotiate on price and demand additional features.

Bargaining power of suppliers: Suppliers have low bargaining power due to the availability of alternative supplier options and insignificant switching costs.

Threat of new substitutes: The threat of substitution is moderate as network automation solutions help boost productivity and reduce operational costs significantly.

Competitive rivalry: The competitive rivalry in the market is high due to the presence of key global and regional players competing on the basis of product and service offerings.

Key Takeaways
The Global Network Automation Market Demand is expected to witness high growth during the forecast period.

North America is expected to dominate the network automation market owing to heavy investments in networking infrastructure projects and rapid adoption of new technologies across various industries in this region.

The 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.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it