According to a new report, published by KBV research, The Global Network Automation Market size is expected to reach $18.12 billion by 2031, rising at a market growth of 22.3% CAGR during the forecast period.
The SMEs segment is experiencing a CAGR of 23.6% during (2024 - 2031). The growing awareness of the benefits of network automation among SMEs has led to increased adoption of these solutions. SMEs increasingly recognize that network automation can help them achieve greater efficiency, reduce manual network management tasks, and enhance overall productivity. The scalability and flexibility of network automation solutions make them particularly attractive to SMEs, which often face resource constraints and need to maximize their operational efficiency.
The Solution segment is generating the highest revenue in the Global Network Automation Market by Component in 2023; thereby, achieving a market value of $11.52 billion by 2031. This dominance can be attributed to the increasing adoption of advanced network automation solutions by enterprises seeking to streamline their network operations. Organizations are increasingly recognizing the benefits of automated network management, including improved scalability, enhanced security, and reduced operational costs. The demand for comprehensive network automation solutions is further driven by the growing complexity of modern network infrastructures, which require sophisticated tools to ensure seamless operation and management.
The Physical segment exhibits a CAGR of 22.9% during (2024 - 2031). This significant share can be attributed to the continued reliance on hardware-based networks in many industries. Physical infrastructure is often favored for its robustness, reliability, and security. Industries such as manufacturing, healthcare, and government, which require highly secure and stable network environments, often opt for physical infrastructure. Additionally, many organizations have substantial investments in existing physical network assets and prefer to automate these traditional setups to enhance performance and reduce operational costs.
The On-Premises segment is leading the Global Network Automation Market by Deployment in 2023; thereby, achieving a market value of $9.51 billion by 2031. Many organizations, particularly those with stringent security and compliance requirements, prefer on-premises solutions as they offer enhanced control over data and infrastructure. On-premises deployment allows for greater customization and integration with existing systems, which is crucial for organizations with complex network environments. Industries that handle sensitive information often opt for on-premises solutions to ensure data privacy and regulatory compliance.
The BFSI segment would capture a CAGR of 23.2% during (2024 - 2031). The BFSI sector’s critical need for secure, reliable, and efficient network infrastructure drives the demand for advanced network automation solutions. Financial institutions require robust network automation to handle vast data, ensure regulatory compliance, and protect against cyber threats. Automated networks enhance operational efficiency, reduce the risk of human error, and improve the overall security posture of financial organizations.
Full Report: https://www.kbvresearch.com/network-automation-market/
The North America region dominated the Global Network Automation Market by Region in 2023; thereby, achieving a market value of $6.28 billion by 2031. The Europe region is expected to witness a CAGR of 21.9% during (2024 - 2031). Additionally, The Asia Pacific region would register a CAGR of 23.2% during (2024 - 2031).
By Enterprise Size
By Component
By Infrastructure
By Deployment
By Vertical
Unique Offerings 
