Overview:
The global network management market is expected to grow at a robust CAGR of close to 9% over the forecast period from 2017 to 2023, according to the latest research report from Market Research Future (MRFR). The global network management market is profiled in detail in the report, which provides a comprehensive overview of the market’s growth prospects over the forecast period on the basis of a detailed analysis of the market’s major drivers and restraints and the historical growth trajectory exhibited by the market. The major players operating in the global Network Management Market are also examined in the report in order to provide readers with a clear picture of the market’s competitive dynamics.
The increasing demand for digital innovations is likely to be a defining feature of the global network management market over the forecast period. With the increasing volume as well as complexity of network operations, the demand for equally capable management tools has increased. The increasing use of big data management tools in the network management market has increased the processing power of the management tools. Big data management is likely to be a key factor in the global network management market’s growth over the forecast period, as aggregating data from as many data points as possible is likely to be a key feature of network management in the coming years. The increasing use of AI in network management is also likely to be a key driver for the global network management market over the forecast period.
The increasing demand for cloud-based network management solutions is likely to remain a key feature of the global network management market over the forecast period. Cloud support for network management has become a key feature, as the increasing volume of data generated in network management application necessitates the use of cloud storage and management solutions. The increasing focus on network security management is also likely to be a key feature of the global network management market over the forecast period, as network security has emerged as a key focus area for enterprises.
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Competitive Analysis:
Leading players in the global network management market include Compuware Corporation, BMC Software Inc., Solarwinds Worldwide LLC, Netscout System Inc., CA Technologies Inc., Aruba Network Inc., Cisco Systems Inc., Juniper Networks Inc., IBM Corporation, Alcatel-Lucent S.A., and Avaya Inc.
In June 2019, Mist Systems announced the launch of two new wireless network management solutions aimed at increasing the efficiency of wireless networks.
The same month, Zyxel announced a revamp to its preexisting Nebula cloud network management solution, including the addition of new management features and enterprise-class access points.
Segmentation:
The global network management market can be segmented by component, organization size and vertical.
Component-wise, the network management market is segmented into solution and service. The solution segment includes network performance monitoring and management, IP address management, network traffic management, network device management, network configuration management, network security management, and others. The service segment comprises consulting services, integration services, support services, and others.
Based on the organization size, the network management market encompasses small and medium enterprises (SMEs) and large enterprises.
Vertical-based segmentation of the network management market consists banking, financial services and insurance (BFSI), healthcare, education, media & entertainment, travel & tourism, defense, government, and others.
Regional Analysis:
Geographic study of the global network management market includes Asia Pacific (APAC), North America, Europe, and Rest-of-the-World (RoW).
North America accounts for the largest share of the market. The credit goes to its robust infrastructure, readiness to implement the latest technology, reliance on the cloud, and presence of the several market titans.
The APAC is projected to grow with the fastest CAGR during the forecast period. The region is witnessing several countries coming out of the closet and registering huge economic growth. This can be seen as a market influencer. Industries are now integrating the latest technologies to improve their market prospect. Countries such as India, China, and others are evolving with huge potential, and various companies are eyeing for new avenues in this region.
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Intended Audience
- Technology Investors
- Research/Consultancy firms
- Government Bodies
- Network Management solution vendors
- Network Management platform providers
- Information Technology (IT) developers
- Third-party vendors
- Consulting service providers
- Telecom operators
- Internet service providers
- Technology providers
- System integrators
- Cloud service providers
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