NEW DELHI, February 8, 2018
NEW DELHI, February 8, 2018 /PRNewswire/ --
According to a new report titled Global Network Automation Market (2017 - 2023), published by KBV Research, the Global Network Automation Market size is expected to reach $18.6 billion by 2023, rising at a CAGR of 42% during the forecast period. The critical need for network bandwidth management and network visibility, and rapid adoption of smart connected devices across all industry verticals are some of the major factors that would drive the market growth during the forecast period. Nevertheless, growing adoption of virtual and software-defined network infrastructure, and network downtime due to human errors are the factors that would limit the market growth during the forecast period.
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Within the solutions segment, network automation tools would hold the largest market share during the forecast period. Network automation tools are used for automating the deployment, management, testing, configuration, and operations of physical and virtual devices within a network. Network automation tools are used to enhance the security of a network by automating the network visibility. Within the services component, training and education segment would witness highest CAGR. Automation solution providers promote training programs to help network engineers to gain insights on leveraging the full capabilities of the network automation and analytics solutions. Based on regions, the North American region held the largest market share within the Global Network Automation Tools, in 2016, and would continue to be a dominant market till 2023; growing at a CAGR of 36.6 % during the forecast period.
The KBV Cardinal Matrix is a visual representation about the key players in the industry. The matrix is designed considering the major strategic developments including mergers & acquisitions, product launches, partnership and the financial strength of the companies in the considered years.
Based on the Analysis presented in the Cardinal matrix, Cisco Systems, Inc. and IBM Corporation are the forerunners in the Network Automation market.
Asia Pacific is among the leading regions and would grow at a CAGR of 44.5% during the forecast period, housing some of the major economies such as Japan, China, India, and Australia. These countries offer tremendous market opportunities for technologies such as network automation. Rapidly growing web, telecom, data centers, and IoT in the region has led to the need for monitoring, protecting, and managing different applications that are prone to vulnerabilities.
Based on Network Infrastructure, the Physical Network Configuration & Automation market held the largest market share in 2016, and would continue to be a dominant market till 2023. The Virtual Network Configuration & Automation market would garner market size of $3,080.6million by 2023.
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the Global Network Automation Market have been discussed in the report with the competition analysis and elaborated company profiles of Cisco Systems, Inc., IBM Corporation, Juniper Networks, Inc., Riverbed Technology, Micro Focus, Netbrain Technologies, SolarWinds, Inc., BMC Software, Apstra, and BlueCat.
Global Network Automation Market Segmentation
By Network Infrastructure
By Organization Size
By Deployment Mode
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