Key Points:
• The network automation market is expected to grow to $25 billion by the end of 2024, expanding to $71 billion in 2030, driven by businesses seeking to automate network operations for digital transformation.
• Research firms Gartner and Mordor Intelligence predict significant growth in the network automation market, with Gartner forecasting that 30% of enterprises will automate more than half of their network activities by 2026.
• Several startups are emerging to target gaps in the market, including Aliro Quantum, Automox, Cast AI, Highway 9 Networks, and NetBox Labs, which have collectively raised more than $242 million in funding and have already landed high-profile named customers.
As reported by Jeff Vance, founder of Startup50.com, the network automation market is booming, with predicted growth to $25 billion by the end of 2024 and $71 billion in 2030. According to a report from Mordor Intelligence, the demand for network automation is driven by businesses seeking to automate network operations for digital transformation initiatives.
Gartner research also predicts significant growth in the network automation market, forecasting that 30% of enterprises will automate more than half of their network activities by 2026. This marks a significant increase from the 10% of enterprises that automated more than half of their network activities in mid-2023.
Several startups are emerging to target gaps in the market, including Aliro Quantum, Automox, Cast AI, Highway 9 Networks, and NetBox Labs. These startups have collectively raised more than $242 million in funding and have already landed high-profile named customers.
Aliro Quantum, a Boston-based startup, provides software to simulate, pilot, deploy, and run entanglement-based quantum networks. The company has secured funding from Accenture Ventures and Cisco Investments and has landed a contract with the Air Force Research Laboratory to provide software and professional services.
Automox, a Boulder-based startup, offers an AI-powered IT automation platform that automates labor-intensive tasks such as patching, configuration, and software deployment. The company has raised an impressive $152.6 million in funding and has named customers such as NASA and Xerox.
Cast AI, a Miami-based startup, provides an automation platform for Kubernetes and cloud cost management and optimization. The company has raised $35 million in funding and has landed named customers such as Akamai and OpenX.
Highway 9 Networks, a Santa Clara-based startup, offers cloud-based private 5G networks and has secured $25 million in funding from the Mayfield Fund. The company has landed a high-profile named customer in MIT.
NetBox Labs, a New York-based startup, provides an open-source platform to operate and automate cloud-based networks. The company has raised $20 million in funding and has landed named customers such as Constant Contact and Dartmouth University.
As the network automation market continues to grow, it is likely that these startups and others will play a significant role in shaping the future of network operations. With their innovative solutions and strong backing, they are well-positioned to attract investment and customers.
Read the rest: Source Link
You might also like: How to get Windows Server 2022, Try Windows 11 Pro for Workstations & browse Windows Azure content.
Remember to like our facebook and our twitter @WindowsMode for a chance to win a free Surface every month.
Discover more from Windows Mode
Subscribe to get the latest posts sent to your email.
