Network automation solutions help organizations optimize workflows and enhance efficiency by automating routine network tasks. These solutions reduce configuration errors, accelerate change management, and optimize maintenance workflows. They provide proactive monitoring and visibility into network performance to ensure seamless operations. With the rapid digital transformation across industries, network infrastructures are becoming more complex with the integration of new technologies like IoT, edge computing and 5G. This has amplified the need for real-time network monitoring and issue resolution. The global Network Automation Market is estimated to be valued at US$ 25.54 Bn in 2023 and is expected to exhibit a CAGR of 9.4% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.

Market key trends:

Increased network monitoring needs have been a key driver accelerating the growth of the network automation market. As modern networks are supporting more connected devices and applications than ever, there is a critical need to proactively monitor networks for issues and bottlenecks. Network automation solutions address this need by providing real-time visibility and insights into network performance. They can automate routine monitoring tasks like network scanning, testing and reporting. This frees up network administrators to focus on more strategic tasks. By streamlining monitoring workflows, these solutions help optimize network uptime and ensure seamless delivery of business services. Their self-healing capabilities also enable autonomous resolution of issues to minimize downtime. This has significantly boosted their adoption across industry verticals in recent years.

Segment Analysis
The network automation market is segmented based on network infrastructure into physical and virtual & cloud infrastructure. The virtual & cloud infrastructure segment is expected to dominate the market over the forecast period. Network automation tools are increasingly being leveraged for virtual & cloud networks owing to the increasing demand for simplifying virtualized infrastructure management. These solutions aid enterprises in efficiently managing their dynamic cloud and virtual networks by automating routine tasks.

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

Regional analysis: North America is expected to be the largest as well as the fastest growing regional market over the forecast period. Significant investments in R&D by major players and early adoption of technological advancements across various industries are supporting the growth of the network automation market in the region. Furthermore, the presence of major vendors and availability of technical expertise is also contributing to the regional market growth.

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. Automation of networking tasks enables enterprises to optimize their networking resources and simplify operations. This positions them well to gain market share.

For more details on the report, Read- https://www.insightprobing.com/network-automation-market-is-accelerating-the-need-for-real-time-data-analytics/