ATLANTA, Sept. 30, 2020 /PRNewswire-PRWeb/ -- Itential® announced today that MarketsandMarkets™, a global provider of quantifiable B2B research, named the company to the "progressive leaders" quadrant in its "Network Automation Market - Global Forecast to 2025" report. The report recognizes companies that offer strong solutions portfolios in network automation; of the 14 companies named to the quadrant, Itential, the leader in intelligent, multi-domain network automation, secured the top position in the most upper right corner.
Network traffic is increasing at a torrid pace, in part due to our "always connected" culture and the adoption of emerging standards such as 5G. To keep pace with the surge and meet user expectations, new applications are required to support organizations' digital transformation strategies. Existing network management methods and solutions lack in scalability and flexibility and are incapable of providing the necessary support. This presents a massive opportunity and addressable market in relation to modernizing existing networks.
To meet the growing and exceedingly digital network needs, MarketsandMarkets predicts the market will grow from USD 2.9 billion in 2020 to USD 8.9 billion by 2025.
"Legacy networks rely too heavily on manual processes, and to succeed in an increasingly digital world, companies must adopt automation in order to support modern networks and digital transformation," said Ian Bresnahan, co-founder and CEO of Itential. "Itential is re-defining how networks are managed, deployed, and maintained, and our products are providing the agnostic control network operators need to support any application and any technology, driving innovation and business growth through automation."
According to the report, "Itential is one of the leading providers of intelligent, multi-domain network automation software for both enterprises and service providers operating worldwide. The company helps its customers achieve new competitive advantages and accelerates digital transformation initiatives through intelligent automation."
"Itential has established itself as a leader in practical, software-based tools for network automation that don't require rip-and-replace overhauls. Itential's approach embraces the cloud model of using APIs to build automation into networks. They are a company to keep an eye on as large network operators increasingly move to an open, API-driven approach to automating infrastructure," said Scott Raynovich, founder and chief analyst for Futuriom Research.
For a complimentary copy of the report, click here and for more information on Itential, visit itential.com.
About Itential
Itential provides powerful network automation software to companies worldwide, from Fortune 500 telecommunications and financial service companies to enterprises of all sizes. We are committed to building world-class products that accelerate the move toward software-driven networks and next generation, agile network operations. We are exclusively focused on delivering network automation solutions that help our customers realize their vision of digital transformation. Our solutions leverage the latest thinking, open standards, open architectures, partners and best practices to drive network operations and maximize the impact of automation.
For more information:
- Visit itential.com
- Follow us on Twitter @itential
- Check out our Developer Hub
- Connect with us on LinkedIn
- Request a Custom Demo
About MarketsandMarkets
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth emerging opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their pain points around revenues decisions.
Our 850 full time analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
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SOURCE Itential LLC
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