Market Synopsis
The global Network Management Market is
expected grow at a CAGR of 9% during the forecast period from 2017 to 2023. The
network management market 2020 will witness a robust expansion due to the
rising adoption of cloud-based technologies and increasing growth rate of
cybercrime. Additionally, higher demand for defense and government, BFSI,
travel and tourism, education, media and entertainment, healthcare act as the
major factor to driver the growth of global Network Management industry. The
other factors affecting the market network management is the increased complex
structure and growing embedment of virtualization in order to reconstruct the
network management. Moreover, a rise in demand for cloud monitoring is believed
to thrive the expansion of network management globally. Apart from these,
amplified network complexity and upward implementation of virtualization also
play an important role to drive the market globally.
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The enterprises such as
SolarWinds propose various services like deploying, selecting and integration
of software products on extensive, single-pane-of-glass visibility to
facilitate network management on a broader scale. These products provide users
with every facility required for a seamless experience. The growing demand
among small and medium enterprises will also bring an impact on the growth of
the market. An increase in the usage of data centers and visualization, IP
video is the other important factor propelling the growth of the market at a
global level. Adoption of artificial intelligence, need for the optimization of
business operations is another factor leading to the growth of the global
network management market.
Key Players
Some of the prominent
players in the global Network Management Market are Avaya Inc. (U.S.),
Alcatel-Lucent S.A. (France), IBM Corporation (U.S.), Juniper Networks Inc.
(U.S.), Cisco Systems Inc. (U.S.), Aruba Network Inc. (U.S.), CA Technologies
Inc. (U.S.), Netscout System, Inc. (U.S.), Solarwinds Worldwide, LLC. (U.S.), BMC
Software, Inc. (U.S.) and Compuware Corporation (U.S.) among others.
Segmentation:
The global network
management system market is divided by vertical, organization size and
component.
·
On the basis of vertical, the market is divided into
government, BFSI, education, healthcare, travel and tourism, media and
entertainment, and others.
·
On the basis of organization size, the market is classified
into large enterprises and small-medium enterprises.
·
On the basis of components, the market is further
classified into solution and service. The solution segment is further divided
into network security management, network performance monitoring and
management, network traffic management, network configuration management, IP
address management, and others. The service segment is sub-divided into support
services, consulting services, integration services, and others.
Regional Analysis:
The global network
management market is analyzed for regions like Europe, Asia-Pacific, North
America, and the Rest of the World. North America is estimated to hold the
largest market share whereas Asia-Pacific is considered to expand at the
fastest rate during the forecast period. Owing to the adoption of technological
advancements and the establishment of artificial intelligence across various
industry verticals has resulted in the expansion of the market in North
America.
The U.S holds the maximum
market share in the context of revenue and adoption of artificial intelligence.
The U.S and Canada are expected to drive the expansion of the network
management in North America region due to the established key players such as
CA technologies, Avaya Inc., IBM Corporation, Juniper Networks Inc., Cisco
Systems., Aruba Network Inc. owing to the presence of developed economies in
the region, the market is considered to display a robust growth in the
forthcoming period. Moreover, North America has developed infrastructure in the
region which allows a higher penetration of devices which provides better
connectivity. The growth of the market is also acknowledged to the increase in
the utilization of data centers and virtualization, increasing the adoption of
network management services by large enterprises, IP video.
In the global network
management market, Asia-Pacific is expected to experience a higher CAGR during
the forecast period as compared to the other regions due to an increase in the
integration of artificial intelligence across the various nations across the
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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