The network management market basically refers to management of computer networks. It comprises of various solutions and services in order to maintain a smooth management of network. Major driving factors of the network management market include increased network complexity and growing implementation of virtualization in order to transform network management. Also, increasing demand for cloud monitoring is expected to drive the growth of the global Network Management Market.
Avaya Inc., Alcatel-Lucent S.A., IBM Corporation, Juniper Networks Inc., Cisco Systems Inc., Aruba Network Inc., and CA Technologies Inc. are a few major players in the global network management market. SolarWinds simplifies enterprise network management with their new products. These new SolarWinds offerings such as selecting, deploying and integration of software build on the comprehensive, single-pane-of-glass visibility in order to simplify large-scale network management. These products provide the end users with everything needed to manage and monitor networks in a seamlessly integrated solution. Also, growing demand for network management solutions and services from small and medium enterprises is set to drive the growth of the network management market. Increasing usage of IP video, data centers and virtualization is one major factor responsible for fueling the growth of the global network management market. Also, emergence of artificial intelligence is another major factor boosting the market growth. Moreover, growing need for optimization of business operations is another major factor responsible for driving the growth of global network management market.
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The global network management market is expected to grow at a CAGR of approximately 9% during the forecast period 2017-2023.
Network Management Market Segmentation
The global network management market is segmented on the basis of the component, organization size and vertical. However, the component segment is classified into solution and service. The solution segment is further classified into professional services and managed services. The managed services segment is expected to grow at a significant rate during the forecast period. Increasing adoption of network management from enterprises is majorly driving the growth of network management market. This is owing to the improved timeliness and lesser costs and availability of corporate communications.
Market Research Analysis
North America is estimated to account for the largest share of the market, whereas Europe market is projected to grow at the fastest rate during the forecast period. The market in North America is witnessing a rapid growth due to technological advancements and increasing demand for network services across different industry verticals in this region. The U.S. holds the majority of market share both in terms of revenue as well as owing to the emergence of artificial intelligence.
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.
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- 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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