Sun, 03 Dec 2023

The market for network management solutions is anticipated to grow at a CAGR of 9.5% from 2022 to 2032, from an estimated US$ 7 billion in 2022 to US$ 11 billion in 2032. Today's IT systems have become highly complex and diversified, and companies are facing difficulties to manage, enhance, and maintain their network infrastructure. Networks and distributed network systems are the most critical part for an enterprise. These large network cannot be managed by human effort alone. Network management solutions help network administrators to manage both software and hardware components in an enterprise network. The main objective of network management solution is to achieve an error free network. These solutions identifies, configures, monitors, updates and troubleshoots both wired and wireless network devices in an enterprise network.

Network management solutions can be deployed over the cloud or on-premises and can be managed on site. It allows network engineer to manage both wired components and wireless network elements through a single management console. Some of the functional areas of network management solutions are network fault management, accounting management, configuration management, network performance management, and network security management. The increasing growth of mobility and IoT devices connected to enterprise networks is propelling the growth of network management solutions market.

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Network Management Solutions Market: Drivers & Challenges

The adoption of network management solutions in the manufacturing and utilities industries is rising drastically, which is driving the growth of the global network management solutions market. Moreover, rise in network complexity and connected network devices are the major factors which is fueling the growth of the market.

However, high prices of network management tools and the budget constraints of customers could affect the profitability of network management solution vendors which affect the growth of the global network management solutions market, during the forecast period. In addition to that lack of proper standards to measure network performance indicators is also a critical factor that is expected to hinder the demand of network management solutions.

Network Management Solutions Market: Key Players

Some major players operating in the global network management solutions market include Accedian, AppNeta, BMC Software, CA Technologies, Cisco, Colasoft, Cubro Network Visibility, ExtraHop Networks, Extreme Networks, Flowmon Networks, HelpSystems, IBM Corporation, Progress Software Corporation, Juniper Networks, Kaseya, Kentik, LiveAction, ManageEngine, Micro Focus, NETSCOUT, Paessler, Riverbed Technology, SevOne, SolarWinds, and VIAVI Solutions.

Network Management Solutions Market: Regional Outlook

Among all the regional markets, the market in North America holds the largest market share of the global network management solutions market and is estimated to record a steady growth rate during the forecast period. The rapid changes in the IT infrastructure, such as cloud and virtualization, have significantly increased the pressure on the network admins to manage the network infrastructure efficiently. The Asia Pacific region is expected to record a strong adoption rates, as countries such as China, Japan, and India are major hubs for networking technologies.

The Network Management Solutions Market report covers exhaustive analysis on:

  • Network Management Solutions Market Segments
  • Historical Actual Market Size, 2014 - 2018
  • Network Management Solutions Current and Future Market Size & Forecast, 2019 to 2029
  • Supply & Demand Value Chain
  • Network Management Solutions Market Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Technology Landscape
  • Value Chain Analysis
  • Network Management Solutions Market Drivers and Restraints

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Network Management Solutions Market: Segmentation

On the Basis of Solution:

  • Network Performance and Monitoring
  • SDN Monitoring
  • Network Configuration Management
  • Log and Event Management
  • Others

On the Basis of Services:

  • Professional Services
  • Network Consulting
  • Technical Support
  • Network Testing
  • System Integration

On the Basis of Function:

  • Fault Management
  • Configuration Management
  • Performance Management
  • Security Management

On the Basis of Enterprise Size:

  • Small and Medium Enterprises (SMEs)
  • Large Enterprises

On the Basis of Industry:

  • BFSI
  • IT and Telecom

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Report Highlights:

  • Detailed overview of parent market
  • Changing market dynamics in the industry
  • In-depth market segmentation
  • Historical, current and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on market performance
  • Must-have information for market players to sustain and enhance their market footprint

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The post Network Management Solutions Market is Anticipated to Grow at a CAGR of 9.5% from 2022 to 2032 | FMI appeared first on Future Market Insights.

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