Network Management Market Growth 2023 - Key drivers, Business insights, Trends and Major market players | IBM Corp, HP, Aruba Networks, Inc.

Managing the networks provides various functionalities such as fault management, security management, account management and performance management. Hence, due to these functionalities there is a significant rise in this market. Due to expanding networks, and the security concerns, there is a need of hefty and resilient network management systems. Hence, the global market is expected to grow substantially which increases the need to study the whole market in appropriate approach.

Management of networks includes applications in various sectors, namely Telecom & Information Technology (IT), education & academia, transportation, government & defense, hospitality, healthcare, energy and utilities, retail & consumer goods, oil and gas, Banking, Financials & Insurance (BFSI) and media and entertainment.

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Consulting, Support, Virtualization and Integration are the services offered by the network to manage them. Services for management of networks provides entire support for management and processes for various types of networks such as Local Area Network (LAN) and Wide Area Network (WAN).

The market segmentation by solution offers distinct solutions such as network security management, device management; traffic management, performance monitoring & management, and IP Address management (IPAM).There are even more solutions offered by various organizations, those are company specific one's.

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Evolution & convergence of various technologies, increasing demand in customer's requirements and the increasing number of security breaches of networks are some of the driving factors of this industry. In the current business scenario, for the management of such widespread of networks, there is a call for business optimization techniques in small and medium scale enterprises. Thus, this market is a very prospective market. Some of the constraints involved are time required for implementation and its complex methodology.

The companies in the market are adopting product launch and acquisition strategies to enhance their services in the global market. The various competitors in the market are Alcatel Lucent S.A, Cisco, Juniper-Networks, IBM Corp, HP, Aruba Networks, Inc., CA Technologies, Inc., and Dell.

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KEY BENEFITS

• The market review highlights the drivers, constraints, and the opportunities of the global market

• The analysis showcases the current market structure and market projections for upcoming years to provide a fair idea of the market to the stakeholders

• Porter's five force model and SWOT analysis discusses the market player's business plans which would aid in developing new market strategies

• Segmentation is done on the basis of services, solutions, applications, end users and geography for better understanding the global market

• Insights on the opportunistic areas to help the stakeholders in implementing their business plans

The geographical research is carried out in different regions such as North America, Latin America, Middle East and Africa (LAMEA), Europe and Asia-Pacific. North America is the region which is expected to be a biggest market, as various technologies are implemented in that region and the need of managing the network would increase in future.

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