Automation Market to Reach $16.89 Billion by 2022
Telecoms and Computing Market Reports released a study of the telecoms and computing industries. Last year, the network automation market was estimated at $2.32 billion. The expectation is the global automation market will reach $16.89 billion by 2022; a 48.7 percent CAGR.
Fueling automation is adoption of smart devices in all markets, and avoiding costly human errors. Intent-based networking systems (IBNS) enable enhanced access control, scalability, safety, malware tracking and multi-vendor device management for enterprises. This automation leveraging machine learning could lead to an error-proof network and workspace.
For the forecasted period, North America is anticipated to have the largest market share with a growing and changing IoT world. Asia Pacific (APAC) will be the region with the speediest growth for network automation. IT companies are capitalizing on the high rate of technological adoptions in this specific region.
The increased businesses usage of web, telecom, data centers, and IoT in the APAC market makes security and tracking vital to protect from network susceptibilities. And in-depth analysis of key automation market players was conducted for the report. The market was divided into component (solution and service), business size, vertical, and location for reporting purposes.
The report generalizes the importance of the network automation market, delivering the best estimations of revenue numbers for the overall market. It is broken down further into verticals and regions for a more centralized overview. A greater understanding of the market drivers, restraints, obstacles, mergers/acquisitions/partnerships, new products, and possibilities for automation are also presented.
Edited by Maurice Nagle
