Network Management Solutions Market Size Expands as 5G Networks Roll Out

The network management solutions market size was valued at $7.1 billion in 2021, and is estimated to reach $18 billion by 2031, growing at a CAGR of 9.9% from 2022 to 2031.

Network management solution is used to equip, detect, supervise and sustain computer networks. Network management is crucial for configuration management and ensure regulatory standards of the network. Network management solution enables the solution to assure network changes are validated in a coordinated and controlled manner. Moreover, it also allows the solution to enlist the installed solution on nodes besides details such as versions and install dates. Furthermore, it also uses data collected from nodes to identify security risks associated with IT environment.

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With the proliferation of cyber threats and data breaches, network security has become paramount. Network Management Solutions are incorporating advanced security features such as intrusion detection, threat monitoring, and real-time incident response. The integration of security within network management tools is crucial for safeguarding sensitive data and ensuring business continuity.

Automation and AI-Driven Network Management: Automation and artificial intelligence (AI) are revolutionizing network management. These technologies enable predictive analytics, autonomous network optimization, and intelligent troubleshooting. By reducing manual intervention, organizations can streamline network operations, enhance performance, and proactively address issues, ultimately improving the end-user experience.

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Cloud-based Network Management Solutions are gaining traction, offering scalability, flexibility, and remote access. This trend aligns with the broader adoption of cloud services and remote work. Cloud-based solutions provide centralized control over distributed networks, simplifying management tasks and enabling organizations to adapt quickly to changing business needs.

The integration of Software-Defined Wide Area Networking (SD-WAN) into network management solutions is a prominent trend. SD-WAN technology allows for dynamic traffic routing and optimization, enhancing network performance and reducing costs. Network Management Solutions that incorporate SD-WAN capabilities empower organizations to efficiently manage their WAN infrastructure while ensuring reliable connectivity for remote and branch offices.

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Furthermore, surge of SDN across enterprises and increase in demand for network security is boosting global network management solution market growth. However, availability of free network management tools and low budget restrictions is hampering the network management solution market growth. On the contrary, rise in demand of network management solutions across SMEs and cloud-based NMS is expected to offer remunerative opportunities for expansion during the network management solutions market forecast.

Region wise, North America dominated the network management solutions market share. The widespread deployment of management systems to monitor attacks on mission-critical communication networks are anticipated to provide lucrative growth opportunities for the network management solutions market in North America.

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This report gives an in-depth profile of some key market players in network management solutions industry CA Technology, Cisco, Cubro Network Visibility, Ericsson, Huawei, IBM Corporation, Juniper Networks, Kaseya Co. Ltd., Live Action, Manage Engine, Micro Focus, NETSCOUT Systems, Nokia, Pasessler, Progress, and Zoho Corporation. These major players have adopted various key development strategies such as business expansion, new product launches, and partnerships, which propel growth of the market globally.

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