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.
Request a Sample of this Report @
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
Get More Information on this Report @
Network Management Solutions Market: Segmentation
On the Basis of Solution:
- Network Performance and Monitoring
- SDN Monitoring
- Network Configuration Management
- Log and Event Management
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:
- IT and Telecom
Request Methodology @
- 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
Explore Other Related Reports Links From Technology Market
Flexible Electronics Market Demand - The global flexible electronics market is growing with a modest pace to record a CAGR of 8.5% from 2022 to 2032.
Web Conferencing Market Outlook - The global web conferencing market is anticipated to record a CAGR of 14.2% during the 2022-2032. Web conferencing market has seen extensive growth due to its various features mentioned above, and it has become a generic platform for the key application, such as meetings, presentations, lectures, training events.
Clinical Workflow Solutions Market Value - The global market for clinical workflow solutions, which was anticipated to be worth US$ 9 Bn in 2022, is expected to rise to US$ 41.7 Bn by 2032, at a CAGR of 16.7% throughout the analysis period.
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
Future Market Insights,
Unit No: 1602-006,
Jumeirah Bay 2,
Plot No: JLT-PH2-X2A,
Jumeirah Lakes Towers,
United Arab Emirates
For Sales Enquiries: firstname.lastname@example.org
Browse All Reports: https://www.futuremarketinsights.com/reports
This content is published on behalf of the above source. Please contact them directly for any concern related to the above.
This press release may contain forward-looking statements. Forward-looking statements describe future expectations, plans, results, or strategies (including product offerings, regulatory plans and business plans) and may change without notice. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements.