Network Management Market Size, Share 2019 – Global Industry Growth, Emerging Technologies, Regional Trends, Competitive Landscape and Opportunity Assessment by 2023
Market Research Future published a research report on “Network Management Market Research Report – Global Forecast to 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.
Pune, India – September 25, 2019 /MarketersMedia/ —
Overview:
The network management market 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 market 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 Market 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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Industry News:
In June 2019, Mist Systems announced the launch of two new wireless network management solutions aimed at increasing the efficiency of wireless networks.
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 market is segmented by component, organization size, vertical, and region.
• Based on the component, the global network management market is segmented into solutions and services. The solutions segment is further classified into network performance monitoring and management, IP address management, network traffic management, network device management, network configuration management, network security management, and others. The services segment is further classified into consulting services, integration services, support services, and others.
• Based on organization size, the network management market is segmented into SMEs and large enterprises.
• Based on the end-use vertical, the network management market is segmented into BFSI, healthcare, education, media & entertainment, travel & tourism, defense, government, and others.
Regional Analysis:
North America is expected to dominate the global network management market over the forecast period due to the widespread adoption of comprehensive network management tools in the region. The widespread availability of advanced cloud infrastructure in the region is likely to be a key driver for the network management market in North America over the forecast period.
Europe holds the second fastest share in the global network management market. Asia Pacific is expected to exhibit the fastest growth rate in the global network management market over the forecast period due to the growing demand for 21st-century solutions in the corporate sector in the region. The increasing urbanization and increasing demand for advanced wireless infrastructure is likely to drive the demand for cloud support in the region over the forecast period.
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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
About Us:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
Contact Info:
Name: Abhishek Sawant
Email: Send Email
Organization: Market Research Future
Website: https://www.marketresearchfuture.com
Source: MarketersMedia
Release ID: 88922459