Global Network Configuration and Change Management (NCCM) Market Overview
Global Network
Configuration and Change Management Market is estimated to reach USD 2277.9 Million by 2026,
recording a CAGR of 7.6% during the review period (2020–2026).
The global NCCM
market is expected to grow due to the rising need for effective management and
streamlining of network architecture. Network configuration and change
management is a solution that effectively saves the time and effort involved in
managing configuration changes. The solution quickly deploys configuration
changes across enterprise networks—individually or in bulk. The companies that
offer NCCM solutions help enterprises to optimize their time for other
important business tasks and also help to prevent configuration errors that can
occur when using manual processes. NCCM can help enterprises avoid bad or
invalid configuration changes before deployment by using a change approval
process. With ready-to-use configuration structures and the ability to perform
bulk deployments, NCCM leaves less room for any human errors.
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Regional
Analysis
The geographic
analysis of the network configuration and change management market has been
conducted for North America, Europe, Asia-Pacific, the Middle East &
Africa, and South America.
North America is
expected to be the largest market for network configuration and change
management during the forecast period. North America is segmented as the US,
Canada, and Mexico.
The US is the
prominent market in North America, accounting for the largest market share and
is expected to register significant growth during the forecast period.
Significant demand for cloud-based solutions is driving the US network
configuration and change management market. The need to save time and cost have
led to an increase in the deployment of network configuration and change
management solutions in the country. Canada is expected to register the highest
CAGR during the forecast period due to expected growth in various industry
verticals in the coming years.
Europe is expected
to hold the second position (in terms of market share) in the overall market
during the forecast period. In Europe, the UK is expected to account for the
largest share due to the growing number of enterprises in the country and the
growing need among these enterprises to manage network architecture. The rest
of Europe is expected to register the highest CAGR during the forecast period.
The market in the
Asia-Pacific region is expected to register the highest CAGR during the
forecast period. In the Asia-Pacific, key countries under the scope of the study
are China, Japan, and India. India is expected to register the highest CAGR
during the forecast period due to the increasing deployment of cloud-based
network configuration and change management solutions among enterprises.
Additionally, the increasing need for cost-effective software solutions,
specifically in small- & mid-sized organizations, is also a driving factor
for the growth of the market in the region.
The Middle East
& Africa market is expected to remain stagnant during the forecast period
due to limited growth in the real estate business. The Middle East & Africa
market includes countries such as Saudi Arabia, South Africa, the UAE, and
Qatar.
The South American
network configuration and change management market is expected to grow at a
considerably higher CAGR than the Middle East & Africa market. Countries
that are part of South America include Brazil, Venezuela, Chile, Argentina, and
Colombia.
Competitive
Analysis
The Key Players of
the Global Network Configuration and Change Management Market are BMC Software
(US), Cisco Systems, Inc. (US), CA Technologies (US), IBM (US), HP(US), EMC
Corporation (US), Alterpoint (US), Manageengine (India), Solarwinds (US), and
Dorado Software (US)
Segmental
Analysis
Global NCCM Market
has been segmented based on Component, Deployment, Organization Size, Vertical,
and Region.
Based on the
component, the network configuration and change management market has been
segmented as software and services. The software segment accounted for the
larger share in the overall market in 2018.
Based on
deployment, the network configuration and change management market has been
segmented into on-premises and cloud-based software solutions. The cloud-based
segment is expected to register the higher CAGR during the forecast period,
2020–2026.
Based on
organization size, the network configuration and change management market has
been segmented into small & medium enterprises and large enterprises. The
SME segment is expected to record the higher CAGR growth during the forecast
period, 2020-2026.
Based on vertical,
the network configuration and change management market has been segmented into
BFSI, retail, IT & telecommunication, manufacturing, government, and
others. The IT & telecommunication vertical dominated the overall market in
the year 2019.
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