The Global Network Management Market was valued around $7 billion in the year 2019, and is projected to reach $xx billion by the year 2027, growing at a CAGR of almost 9% during the forecast period. The report covers the detailed analysis of the Global Network Management industry with the classifications of the market on the basis of Components, Deployment Mode, Organization Size, End-User Industry, and region. Analysis of past market dynamics from 2016 to 2020 is given in the report, which will help readers to benchmark the past trends with current market scenarios with the key player’s contribution in it.
Network Management involves the processes, tools, and applications, in order to administer, operate and maintain network infrastructure. Having said that, network management does not include terminal equipment, but it is only concerned with reliability, efficiency, and the capabilities of data transfer channels. Network management, hence, is concerned with 4 basic things –
i. Network Administration – encompasses tracking network resources, like switches, routers, servers, and many others.
ii. Network Operation – focused on making sure that the network is functioning well. The major tasks include monitoring activities on the network, and proactively identifying and remediating issues.
iii. Network Maintenance – covers the upgrades to various network resources, along with proactive activities, such as replacing network gear of various sources like routers and switches.
iv. Network Provisioning – involves network resource configuration for the purpose of supporting any given services.
Network Management is basically used for the proper functioning of the entire network infrastructure. A powerful and good network monitoring system can act as the heart of any network solution.
The report has profiled around twenty key players in the market from different regions. However, the report has considered all market leaders, followers, and new entrants with investors while analyzing the market and estimating the size of the same. The manufacturing environment in each region is different and focus is given on the regional impact on the cost of manufacturing, supply chain, availability of raw materials, labor cost, availability of advanced technology, trusted vendors are analyzed and the report has come up with recommendations for a future hot spot in the Asia Pacific region.
Global Network Management Market Dynamics
Rise in the Internet Protocol Traffic across the globe
With the development of new systems, in accordance with the advanced technologies, it is seen that almost everything today is hosted on servers, rather than anywhere physical. This storage of information on the servers needs to be transferred from one place to another, as and when required, which in turn generates the Internet Protocol (IP) traffic. Therefore, the Internet Protocol traffic or web traffic is nothing but the flow of data across the internet, or in certain network links. The networking giant, Cisco predicted that the network traffic would rise to around 3.3 zettabytes (1 Zettabyte = 1e+12 Gigabytes) by the year ending of 2021, per annum. This rise in network traffic requires proper management of network systems, which is paving the growth for the market of network management service providers, across the globe.
System Complexity and Time Constraints
As the networks increase in size, configuring the network becomes more difficult. Devices can conflict, and it becomes very much challenging to keep the rules enacted in firewalls up to date, also, the manual policies lead to errors and inconsistencies. With all such complexities, security becomes a major concern, which becomes too much difficult to handle, with today’s rate of cyber – crimes. Therefore, such system complexities could hamper the market growth of the network management solutions, during the forecast period.
Scope of Global Network Management Market :Inquire before buying
The market is divided into 4 major segments and further into sub-segments to forecast the market size by value.
Global Network Management Market, By Component
The Services Segment is expected to witness highest market share during the forecast period.
The Services segment is expected to grow and have dominance in the market, during the forecast period. This segment is further classified into consulting services, Integration & Deployment Services, and Training Support & Maintenance services. The substantial growth of the segment could be attributed to the increased usage Network Management systems across enterprises worldwide. This in turn generates high demand for consulting services, integration and deployment services, and training & maintenance services, across the globe.
Global Network Management Market, By Deployment Model
• On Premises
• Cloud Based
Global Network Management Market
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Global Network Management Market, By Organization Size
• Small & Medium Sized Organizations
• Large Enterprises
The Large Enterprise Segment is expected to register a highest market share, during the forecast period.
It is expected that the Large Enterprises would have dominance in the market for Network Management solutions, over the forecast period. This substantial growth could be attributed to the high usage of network services by the giant organizations, across the globe, as compared to the small and medium sized organizations.
Global Network Management Market, By Industry Vertical
• IT & Telecom
• Ecommerce & Retail
• Transportation & Logistics
• Healthcare & Life Sciences
• Media & Communication
Global Network Management Market1
Global Network Management Market, By Region
• North America
• Middle East& Africa
• South America
Asia Pacific is expected to Account for the Largest Market Share during the Forecast Period.
In the year 2019, North America accounted for the highest market share for the Network Management. But it is expected that Asia Pacific would dominate the market for Network Management over the forecast period, owing to the high growth of deployment of the long–term evolution infrastructure, across the region. Moreover, many of the developing countries in the region are working for the launch of the 5G network technology, which in turn could help the region to register the highest CAGR across the globe, during the forecast period.
Global Network Management Market2
The objective of the report is to present a comprehensive analysis of the Global Network Management Market to the stakeholders in the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding Global Network Management Market dynamics, structure by analyzing the market segments and projects the Global Network Management Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Network Management Market make the report investor’s guide.
Global Network Management Market Competitive Insights
Key players operating in Global Network Management Market
• IBM Corporation
• Juniper Networks
• CA Technologies
• Riverbed Technology
• BMC Software
• Micro Focus
• Flowmon Networks
• Extreme Networks
• eG Innovations
• Cubro Network Visibility
• Paessler AG
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