Network automation market: Rising advancements in IoT and AI to drive the industry over 2018-2024
Date: 2018-08-17   Author: Saipriya Iyer  Category: #market

Network automation market: Rising advancements in IoT and AI to drive the industry over 2018-2024

The surging adoption of next-generation technologies such as the Internet of Things, artificial intelligence, and robotics will reportedly drive network automation market over 2018-2024. The shifting trends toward the development of autonomous vehicles along with the growing deployment of automation across the manufacturing sector will further stimulate the industry outlook.

Five trends prevalent in network automation market:

  • In 2017, WAN accounted for 32% of network automation market share. The increasing acceptance of WAN by the medium and large-scale enterprises to optimize their external and internal communication is estimated to boost the industry growth.
  • Reliable sources claim network automation market size from cloud-based deployments to register a CAGR of more than 26% over 2018-2024. The ability of cloud-based services to access software from any location and low implementation costs are slated to impel the industry growth.
  • As per estimates, in 2017, telecom and IT applications held 29% of network automation market share. The growth can be aptly attributed to the advent of 5G technology in autonomous vehicles and connected devices.
  • The growing adoption of cloud-based services by SMEs across the globe is certain to propel the adoption of virtual network configuration. As per reports, network automation market size from virtual network infrastructure will register a CAGR of above 29% over 2018-2024.
  • As per sources, in 2017, North America accounted for 50% of network automation market share. The surging acceptance of new technologies comprising DevOps and SD-WAN along with the growing deployment of next-generation technologies in the manufacturing sector will have a positive influence on the regional expansion.

The competitive hierarchy of network automation market is reportedly characterized by heavy fragmentation and is inclusive of a plethora of companies like 6Connect, Anuta Networks, Arista Networks, Apstra, BMC Software, BlueCat Networks, Cumulus Network, Cisco Systems, Inc., Entuity, EfficientIP, HCL Technologies, IBM Corporation, Intraway, Infloblox, and NetBrain Technologies.

About Author

Saipriya Iyer

Saipriya Iyer

Saipriya Iyer currently works as a content developer for AlgosOnline. A computer engineer by profession, she ventured into the field of writing for the love of playing with words. Having had a previous experience of 3 years under her belt, she has dabbled with website...

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