The NetOps market revenue totaled ~USD 1,073.2 million in 2022. The NetOps market revenue is expected to reach ~USD 4,288.8 million by 2032, growing at a CAGR of 14.9% from 2022 to 2032.
| Attribute | Details |
|---|---|
| Estimated year (2022) Market Value | USD 1,073.2 Million |
| Projected year (2032) Market Value | USD 4,288.8 Million |
| CAGR% (2022 to 2032) | 14.9% |
| Top 5 Vendor Market Share | Around 35% |
NetOps, also known as “Network Operations” is a method of improving the operations at a network operation center, by implementing the principles and tools from DevOps (Development Operations) and SecOps (Security operations). The focus of NetOps is to improve the velocity and automation of the network operation processes.
NetOps is used for creating scalable and programmable networks. NetOps refers to NetOps 2.0 since NetOps 1.0 refers to the manual network operations that occur in the NOCs. NetOps solution contributes nearly 5% market share to the global network management market.
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The NetOps market demand is expected to increase at 14.9% CAGR between 2022 to 2032 in comparison with the 6.4% CAGR registered during 2017 to 2021. Several IT solution vendors have started deploying their solutions to clients using DevOps tools and methods. The present-day network faces difficulties keeping up with the developments that are occurring.
NetOps deployment could assist enterprises in handling the rapidly and continuously developing DevOps solutions. Because of the growth in DevOps solutions, enterprises could find the need to deploy NetOps solutions and tools to keep up with the pace, thus allowing the NetOps market to grow.
Traditional network operations refer to the tasks performed by the network team of any organization to monitor the performance of the organization's network. This task is often performed from the network operation center (NOC) of the organization, and upon the detection of errors and anomalies, they perform these tasks for both the hardware and software components of the organization.
NetOps solutions, tools, and practices allow the NOCs of any organization to improve their efficiency, performance, and speed, something that could be a beneficial necessity for organizations, especially large organizations with numerous networks being worked upon. It also allows the implication of infrastructure as a code (IAC) for services and applications at the NOCs.
The two countries in North America, the USA, and Canada, have similar economic conditions, reducing revenue volatility; the presence of numerous large enterprises improves demand consistency; and the presence of several well-developed industries pushes the scope of differentiation.
Latin America has several countries with different economic conditions, increasing revenue volatility. The infrastructure necessary for NetOps is not up to the mark in some countries, raising the capital intensiveness.
Europe has several countries that are technologically advanced and also have several large enterprises, allowing the consistency of demand to be high; however, there are numerous stringent regulatory rules and regulations in the region, raising the regulatory complexity.
South Asia and the Pacific is a developing region, with numerous enterprises entering the large enterprise segment, hence improving the demand for NetOps. Infrastructure deployment would require moderate investment, causing the region to have capital intensity.
East Asia is a well-developed region with countries with similar economic conditions. Barriers to entry could be high because of well-established local vendors.
The Middle East and Africa have high revenue volatility and would require high initial investments. Consistency in demand can be less in this region because only certain specific industries are well-developed and do not have the latest technological solutions.
North America had the largest market share of the NetOps market for the year 2022, with a market share of 36.1%. While South Asia and the Pacific are expected to be the fastest-growing region with a CAGR of 19.4%.
One of the reasons why South Asia and the Pacific region is the fastest growing region is because the IT & TELECOM sector is growing at a rapid pace and the use of network automation, orchestration, and virtualization, as network operators, is increasing.
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NetOps offers advantages like it as the capability to make network changes more rapidly utilizing automated tools. The NetOps approach would generally necessitate the utilization of tools that can determine the optimal configuration built on the demands of the network, and in many cases execute it automatically.
This kind of network automation supports the continual enhancement of application delivery and services. Due to these factors, sales in India are predicted to increase at the CAGR of 23.8% during the predicted period 2022-32.
NetOps solutions are utilized in business procedure because it offers advantages like reduction in network operating costs, time and labor saved, management of security, and immediate handling of network incidents at all times. It also offers increased support through around clock networking monitoring, the latest infrastructure with the highest quality, and prevention from network attacks. Thus, the advantages offered by NetOps in business are driving the market demand in Germany.
It is anticipated that workplace teams would be able to get over the traditional barriers between operational, network, and data teams with the use of NetOps. Any NetOps project must therefore go beyond the realm of networking. The entire procedure is made digital, virtual, and software-defined by the contemporary NetOps methodology.
It facilitates simple management and improves the organization's adaptability and agility. Thus, it is anticipated that market demand in the UK region will be driven by the benefits that NetOps offers.
The cloud deployment model is expected to dominate the market. NetOps in the cloud balances the total cost of ownership involved with managing the development and internal runtime infrastructure with the flexibility and speed with which services may be deployed.
By enhancing agility and efficiency while providing IT resources quickly and at an affordable price, the cloud has made it feasible to narrow the gap between the IT industry and enterprises. The adoption of the cloud model has accelerated, nevertheless, because transitioning between cloud models is expensive. In the upcoming years, the market expansion would be accelerated.
Due to this, cloud deployment is estimated to grow at a CAGR of 18.4% over the forecast period.
The virtual network type segment is estimated to grow at a CAGR of 20.2% over the forecast period. Instead of using numerous screens, each dedicated to a separate monitoring tool, a virtual network-type segment can assist teams in collaborating during the incident management process, diagnosing and resolving problems through a single perspective.
Small enterprises and medium-sized enterprises are expected to drive segment growth due to the increasing adoption of NetOps in network optimization and development.
NetOps have several benefits like it saves time for network implementation, network designing, and testing for business development; thus most of the small and medium-sized enterprises are increasing the implementation of NetOps technologies to provide network automating procedure, which is estimated to increase the development of the market.
NetOps technology companies are primarily investing in product enhancements, and upgradation for network implementation to address the unmet needs of the customers. Vendors are also focusing on strategic partnerships and collaborations to expand their customer base.
| Attribute | Details |
|---|---|
| Market value in 2022 | USD 1,073.2 Million |
| Market CAGR 2022 to 2032 | 14.9 |
| Share of top 5 players | Around 35% |
| Forecast Period | 2022 to 2032 |
| Historical Data Available for | 2017 to 2021 |
| Market Analysis | USD Million for Value |
| Key Regions Covered | North America; Latin America; Europe; East Asia; South Asia & Pacific; and the Middle East & Africa |
| Key Countries Covered | USA, Canada, Germany, UK, France, Italy, Spain, Russia, China, Japan, South Korea, India, Malaysia, Indonesia, Singapore, Australia & New Zealand, GCC Countries, Turkey, North Africa, and South Africa |
| Key Segments Covered | The solution, Deployment, Enterprise Size Network Type, and Region |
| Key Companies Profiled | Cisco; Broadcom; Dynatrace; Microsoft; Logic Monitor; Datadog; NinjaOne; Motadata; Nefeli Networks; Progress Software; SolarWinds; Opengear; Auvik; Atera; Zabbix |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
South Asia and Pacific is projected to register strong growth in the market, exhibiting a CAGR of nearly 19.4% during the forecast period. However, North America was leading the global market with a share of around 36.1% in 2021.
Key trends in the market include: • Improvement of traditional network operations driving demand • NetOps offers advantages such as agility, resilience, and transparency needed for effective network management
The network operation tools market segment is expected to dominate the market over the forecast period, generating maximum revenue, among all solution segments, in the year 2022.
The NetOps market was valued at ~USD 986.1 Million in 2021 and is estimated to grow at a substantial pace with a CAGR of 14.9% to reach ~USD 4,288.8 Million in 2032.
On-premises segment is expected to dominate the market over the forecast period, generating a maximum revenue, among all deployment mode, in the year 2022.
The market in the last 5 years (2017 to 2021) grew by a CAGR of 6.4%.
Growing demand of DevOps solutions acting as a driver for NetOps market
East Asia is predicted to remain one of the most attractive markets during the forecast period 2022 to 2032. According to Future Market Insights, Japan accounted for nearly 6.5% market share of East Asia in 2021.
The global market growth between 2021 and 2022 is around 21.6%.
The top 5 countries driving demand for NetOps include the US, Germany, the UK, India, and Japan.
Europe is predicted to remain one of the most attractive markets during the forecast period, according to Future Market Insights. According to the study, the UK is expected to account for 5.2% of the Europe market in 2021.
Some of the leading companies in this landscape are Cisco, Broadcom, Opengear, Dynatrace, and Progress Software, among others. As per Future Market Insights, nearly 35% of the market share is currently covered by the top players.
| Estimated Market Value (2022) | USD 2.4 Billion |
|---|---|
| Projected Market Value (2033) | USD 35.3 Billion |
| CAGR (2023 to 2033) | 27.8% |
| Market CAGR (2022 to 2032) | 12.5% |
|---|---|
| Market Size (2022) | USD 1.3 Billion |
| Market Size (2032) | USD 8.9 Billion |
| Market Size (2022) | USD 2,157.34 Million |
|---|---|
| Market Revenue Forecast (2032) | USD 3,673.0 Million |
| Market CAGR (2022 to 2032) | 5.5% |
| Market Value (2022) | USD 4882 Million |
|---|---|
| Market Anticipated Value (2032) | USD 19677 Million |
| Projected CAGR (2022 to 2032) | 15% |
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