November 23, 2021 02:21 ET | Source: Fortune Business Insights Fortune Business Insights
Pune, India, November 23, 2021 (GLOBE NEWSWIRE) - The global network automation market is expected to grow significantly, reaching USD 22.58 billion by 2027, and at the same time achieving a compound annual growth rate from 2020 to 2027 24.2%. This growth is attributable to the surge in investment in the development and implementation of advanced technologies, as well as the increasing adoption of networked devices that facilitate the adoption of innovative network automation solutions on a global scale. In its latest report, Fortune Business Insights is entitled "Network Automation Market Size, Share, and COVID-19 Impact Analysis, by component (solutions, services), by network type (physical, virtual, hybrid), by deployment (local, cloud) ), by organization size (large enterprises, small and medium enterprises), by end users (IT and telecommunications, BFSI, manufacturing, energy and utilities, healthcare, education, etc.), and regional forecasts for 2020-2027.", The market is worth 4 billion U.S. dollars in 2019 and is expected to grow exponentially in the next few years.
What does the report provide?
The network automation market report includes an in-depth analysis of several factors, such as the key drivers and constraints that will have an impact on the market. In addition, the report also includes important insights into regional insights including different regions, which contribute to market growth. It includes the competitive landscape of leading companies and the strategies they employ to launch new products, announce partnerships, collaborate, and acquire other companies that will contribute to market growth during the forecast period. In addition, research analysts use a variety of research methods, such as Porter's five forces analysis, to obtain information about current trends and industry developments, which will drive market growth between 2020 and 2027.
Request a sample PDF manual: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/network-automation-market-104466
List of companies in the global network automation market:
Network automation market report scope and segmentation:
Click here to learn about the short-term and long-term impact of COVID-19 on the network automation market: https://www.fortunebusinessinsights.com/network-automation-market-104466
Mass adoption of automation solutions supports the solution department to maintain the highest market share
As operations teams increasingly adopt these solutions to provide efficient business processes, the component-based solutions segment is expected to experience considerable growth.
North America remains dominant; increase investment in 5G projects to promote growth
Among all regions, North America is expected to maintain its leading position during the forecast period and occupy the highest position in the global network automation market. The region was worth 1.33 billion U.S. dollars in 2019 and is expected to gain momentum due to increased investment in 5G projects in the region. In addition, the increasing focus of major companies in the region on the deployment of advanced wireless network automation solutions will benefit market growth.
On the other hand, due to the surge in the number of Internet users in the region from 2020 to 2027, the demand for network optimization and compliance management continues to increase, and Europe is expected to see significant growth.
Get your customized report: https://www.fortunebusinessinsights.com/enquiry/customization/network-automation-market-104466
Reduce investment in the development of new automated services during COVID-19 to hinder growth
The economic losses that SMEs have suffered since the first quarter of 2020 have prompted them to cut business operating expenses. This has caused the company to temporarily reduce its investment in the development of new advanced network automation solutions, which has restricted the growth of the global market. However, after the pandemic, the introduction of 5G technology and the increasing demand for digitalization in business processes are expected to benefit market growth in the near future.
Network automation is a process involving the automation of networks and their services, including operations, planning, deployment, and optimization. In addition, it uses advanced software to provide safe and efficient management to maximize the network capabilities of global business processes.
Major players focus on business transformation by cooperating with other companies
The global network automation market includes small, medium and large companies, which strive to gain a major share and further maintain their advantages. To this end, they focus on cooperating with other companies to develop advanced solutions and increase sales revenue. In addition, other major players are adopting strategies such as launching new products, expanding facilities, and mergers and acquisitions to maintain their position in the highly competitive global market.
Quick Buy-Network Automation Market: https://www.fortunebusinessinsights.com/checkout-page/104466
Take a look at the relevant research insights:
Mobile security market size, share and industry analysis, by component (solutions and services), by operating system (iOS and MacOS, Android, Windows and others), by vertical (BFSI, IT and telecommunications, healthcare, manufacturing, retail, Education), government, others) and regional forecasts, 2020-2027 video streaming media market share, scale and industry analysis, by component (hardware, software, content delivery services), by streaming media type (real-time video streaming, on-demand video streaming ), according to the streaming media model (advertising, subscription-based, transaction/lease-based), deployment (on-premises, cloud), end-use (commercial, residential) and regional forecasts, the wireless temperature sensor market size in 2020-2027, Share and COVID-19 impact analysis, by type (thermocouple, thermistor, resistance temperature detector (RTD), semiconductor temperature sensor), output by channel (single channel, multi-channel), by technology (Wi-Fi, Bluetooth ), ZigBee, Radio Frequency Identification (RFID)), By E end users (healthcare, consumer electronics, automotive, aerospace and defense, food and beverage) and regional forecasts, online payment market size, share and COVID- from 2020 to 2027 19 Impact analysis, forecast by payment type (mobile payment, online banking, and digital wallet), by industry (media and entertainment, retail, BFSI, food and beverage, IT and telecommunications, transportation, etc.) and region, 2020-2027 adaptive Study software market size, share and COVID-19 impact analysis, forecast by deployment (local, cloud), end user (K-12, higher education, enterprise) and region, 2020-2027
About us: Fortune Business Insights™ provides accurate data and innovative business analysis to help organizations of all sizes make appropriate decisions. We tailor innovative solutions for our customers to help them deal with various challenges in different businesses. Our goal is to provide them with comprehensive market intelligence and a detailed overview of the markets in which they operate.
Contact us: Fortune Business Insights™ Pvt. Ltd. 308, Supreme Leadership, Survey No. 36, Baner, Pune-Bangalore Highway, Pune-411045, Maharashtra, India. Phone: United States: 1 424 253 0390 United Kingdom: 44 2071 939123 Asia Pacific: 91 744 740 1245 Email: sales@fortunebusinessinsights.com LinkedIn: https://www.linkedin.com/company/fortune-business-insights Facebook: https ://www.facebook.com/FortuneBusinessInsightsPvtLtd Twitter: https://twitter.com/FBInsightPvtLtd
Read the press release https://www.fortunebusinessinsights.com/press-release/global-network-automation-market-10336