Global Network Management Market

Network Management Market Size, Share, Growth Analysis, By Organization Size(Large Enterprize and Small & Medium-Sized Enterprises), By Industrial Vertical(BFSI, Manufacturing, Retail, Healthcare), By Component(Hardware, Software and Service), By Region - Industry Forecast 2025-2032


Report ID: SQMIG45H2070 | Region: Global | Published Date: May, 2024
Pages: 197 | Tables: 90 | Figures: 73

Network Management Market Dynamics

Drivers

Strong Risk Management

  • One of the main drivers driving the network monitoring market is the usage of network monitoring by organisations to comprehend, anticipate, and manage their risks comprehensively. These methods work well for responding quickly and making smart decisions.

Transformation of Digital Network Management

  • Market expansion is driven by the digital transformation happening across many sectors. The media and entertainment content creation services are in great demand, the e-government projects are on the rise and growing online retail commerce, as well as the medical data digitization, favourably influence the market.

Restraints

Quick & Undeveloped Innovations in Network Management Technology

  • Given the fast growth and innovation of technology, it is always difficult for network monitoring solutions. The rationale is that the monitoring systems must change along with the networks to easily recognize and analyse network data effectively for new encryption techniques, protocols and architectural paradigms adaptation. Requirements for monitoring are more difficult due to the increasing intricacy of contemporary networks, incorporating cloud computing, virtualization and software-defined networking (SDN).

Network Complexity

  • When cloud services, internet of things devices, and hybrid environments are integrated together, network designs are complex systems of interrelated networks. Due to the difficulties this complexity causes in data management and analysis, network administrators must use sophisticated technologies that can thoroughly monitor and correlate data from many sources.
$5,300
BUY NOW GET FREE SAMPLE
Want to customize this report?

Our industry expert will work with you to provide you with customized data in a short amount of time.

REQUEST FREE CUSTOMIZATION

FAQs

Network Management Market size was valued at USD 9.50 billion in 2022 poised to grow from USD 10.51 billion in 2023 to USD 23.52 billion by 2031, growing at a CAGR of 10.6% in the forecast period (2024-2031).

Prominent industry participants made significant investments in R&D to expand their production facilities and create cutting-edge technical solutions that would contribute to the growth of the network management market. Cisco Systems, Inc. is an IT and communications company that develops, produces, and markets networking products and services based on Internet Protocol. NetScout Systems, Inc. offers software and network monitoring solutions for businesses and mobile networks to service provider and corporate entities. 'APCON (Switzerland)', 'Broadcom (US)', 'NETGEAR (US)', 'Arista Networks, Inc. (US)', 'Keysight Technologies (US)', 'Riverbed Technology (US)', 'Pico Quantitative Trading LLC (US)', 'Zenoss Inc. (US)', 'NETSCOUT (US)', 'Cisco Systems, Inc. (US)', 'CALIENT Technologies (US)', 'IBM (US)', 'Juniper Networks, Inc. (US)', 'SevOne (US)', 'Garland Technology (US)', 'VIAVI Solutions Inc. (US)', 'Gigamon (US)'

One of the main drivers driving the network monitoring market is the usage of network monitoring by organisations to comprehend, anticipate, and manage their risks comprehensively. These methods work well for responding quickly and making smart decisions.

Navigating the Expansion in Rising Importance of Network Management Solutions: The market for network management is expanding significantly and is predicted to do so even more in the years to come. An organization's dependence on intricate and linked networks is growing, making effective network management solutions essential. To ensure the networks function smoothly, a variety of network administration tasks must be performed such as monitoring, troubleshooting, configuring, and performance optimization.

During the anticipated period, the North American network management market is set to consolidate its lead over the world market. The region's superiority can be ascribed to its well-established IT infrastructure and skillful application of artificial intelligence (AI). Cloud services are becoming more and more popular among North American businesses vs conventional data center construction investments. The benefits of cloud computing, such as its affordability, scalability, and easy access to cutting-edge network management tools, are driving this change. Consequently, the North American market is expanding significantly, driven by the growing utilization of cloud-based solutions, thereby consolidating its dominant position in the worldwide network management industry.

Request Free Customization

Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.

logo-images

Feedback From Our Clients

Global Network Management Market

Report ID: SQMIG45H2070

$5,300
BUY NOW GET FREE SAMPLE