Network Management Industry: Size and Opportunity Analysis 2023

   2020-09-29       20        Business
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Market Research Future published a research report on “Network Management Industry Research Report Forecast 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast 2023.

Overview:

The Network Management Industry can achieve an excellent 9% CAGR during the forecast period (2018-2023), reveals Market Research Future (MRFR). The report further emphasizes that in the process, the Network Management Industry can achieve a worth of USD 9 billion by 2026. It also incorporates analysis of factors that can impact the future market substantially and segmental analysis. Advancing technologies and growing need for better communication are providing sparks for the market growth.

Network management basically stands on the belief of finding solutions and providing service. By establishing an effective network with smooth management of computer networks, the system can simplify workflow. Increased use of virtualization and rising complexity along with it, have forced enterprises in adopting such methods. Integration of cloud monitoring can also be considered effective in the growth of the Network Management Industry in the foreseeable future. Cybercrimes can be considered a major factor as well, security from which has become necessary. The market is receiving benefits from such adverse impacts on enterprises.

Despite so many advantages, the network management market can suffer from its cumbersome installation process and time-consuming nature. But the slackening effect cannot last long as the need for such system outperforms restraints considerably.

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Key Players

Some of the prominent players in the global Network Management Industry 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.

Network Management Market Segmentation

The global network management market can be segmented by component, organization size and vertical.

Component-wise, the network management market is segmented into solution and service. The solution segment includes network performance monitoring and management, IP address management, network traffic management, network device management, network configuration management, network security management, and others. The service segment comprises consulting services, integration services, support services, and others.

Based on the organization size, the network management market encompasses small and medium enterprises (SMEs) and large enterprises.

Vertical-based segmentation of the network management market consists banking, financial services and insurance (BFSI), healthcare, education, media & entertainment, travel & tourism, defense, government, and others.

Market Research Analysis

Geographic study of the global network management market includes Asia Pacific (APAC), North America, Europe, and Rest-of-the-World (RoW).

North America accounts for the largest share of the market. The credit goes to its robust infrastructure, readiness to implement the latest technology, reliance on the cloud, and presence of the several market titans.

The APAC is projected to grow with the fastest CAGR during the forecast period. The region is witnessing sev"

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