According to the report titled ‘Network Automation Market Size By Component, By Type (Local Area Network (LAN), Wide Area Network (WAN), Data Center Networks, Cloud Networks, Wireless Networks), By Network Infrastructure (Physical Network, Virtual Network, Hybrid Network), By Application (Manufacturing, Telecom & IT, Healthcare, Energy & Utilities, BFSI), By Deployment Type (On-Premise, Cloud), Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2020 - 2026’, available with MarketStudyReport, global network automation market is expected to record a healthy growth rate over the analysis period 2020-2026.  
 

As per the report findings, surging adoption of smart connected devices, increasing utilization of cloud-based services, and escalation in error rates by manual systems are promulgating global network automation industry growth.
 

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Further, inflowing investment by network automation solutions providers, and heightened demand for network virtualization & SDN (software-defined network) infrastructure are enhancing the industry outlook.
 

Based on component, professional service sub-segment is slated to exhibit a robust CAGR of 30.5% through 2026. These services enable enterprises to allocate critical resources into core revenue-generating areas.
 

Meanwhile, managed service segment, which grabbed 25.2% revenue share in 2019, is also anticipated to gain considerable traction in the upcoming years, creditable to increasing number of novel solution offerings by a large number of SMEs at an affordable rate.
 

In terms of type, global network automation industry size from data center networks segment will record gains of 29.7% during the analysis period, attributable accelerated adoption of centralized network provisioning services and integrated enterprise management solutions.
 

Elaborating on the application scope, healthcare segment is slated to record a CAGR of 27.4% throughout the forecast timeframe, attributable to spike in adoption of internet of medical things (IoMt).
 

Meanwhile, retail sector is set to garner a CAGR of 26.1% through 2026 as network automation solutions help retailers improve decision making and streamline business operations. 
 

From a geographical perspective, LAMEA market is projected to showcase a CAGR of 24% during the analysis period, mainly due to introduction of government policies promoting deployment of automation solutions across enterprise-wide networks.