Network Configuration and Change Management Market Booms: Significant Trends and Competitive Insights Show Increasing Demand for Efficient Network Management Solutions Across Sectors

The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Network Configuration And Change Management Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $2.87 billion In 2028 At A CAGR Of 10.8% :

The network configuration and change management market size has grown rapidly in recent years. It will grow from $1.72 billion in 2023 to $1.91 billion in 2024 at a compound annual growth rate (CAGR) of 10.5%. The growth in the historic period can be attributed to increasing complexity of network environments, Growing security concerns, rise of digital transformation, need for operational efficiency, growth of remote workforce, rise of devOps and agile practices.

The network configuration and change management market size is expected to see rapid growth in the next few years. It will grow to $2.87 billion in 2028 at a compound annual growth rate (CAGR) of 10.8%. The growth in the forecast period can be attributed to increasing adoption of cloud-based infrastructure, Emphasis on zero trust security models, proliferation of internet of things (IoT) devices, expansion of edge computing, focus on network automation and orchestration. Major trends in the forecast period include cloud-native solutions, zero trust security, network performance optimization, edge computing management, enhanced visibility and analytics.

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Network Configuration And Change Management Market Major Segments
The network configuration and change management market covered in this report is segmented -

1) By Component: Software, Services
2) By Deployment Mode: Cloud, On-Premises
3) By Organization Size: Large Enterprise, Small And Medium Enterprise
4) By Verticals: Banking, Financial Services And Insurance, Telecommunication And Information Technology, Manufacturing, Retail, Government

Key Driver - Cybersecurity Threats Fueling Network Configuration And Change Management Market Growth

The growing cybersecurity threats are expected to propel the growth of the network configuration and change management market going forward. Cybersecurity threats refer to the prevalence and sophistication of malicious activities, attacks, and vulnerabilities targeting digital systems, networks, and data. The increase in cybersecurity threats is due to technological advancements, economic incentives, human factors, and a lack of security awareness among individuals. Network configuration change management is vital for cybersecurity, enabling quick identification of changes, preventing unauthorized alterations, and aiding incident response efforts. For instance, in November 2022, according to the Australian Cyber Security Centre, an Australia-based cyber security agency, the number of cyberattack reports received in 2022 was 76,000, an increase of 13% from 2021. Therefore, the growing cybersecurity threats are driving the growth of the network configuration change management market.

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Prominent Trend - Cloud-Based Networking Platforms Transforming Network Configuration And Change Management

Major companies operating in the network configuration and change management market are focusing on developing innovative solutions, such as cloud-based networking platforms, to gain a competitive edge in the market. A cloud-based networking platform is a software-defined networking (SDN) solution that enables organizations to manage and access cloud-based and on-premises network infrastructures from a single interface. For instance, in June 2023, Cisco Systems, Inc., a US-based technology company, launched the Cisco Networking Cloud. This platform simplifies the management of networking gear and offers a single-platform experience for managing all networking domains, from campus to data centers to the Internet. The platform provides a unified interface for overseeing both cloud-based and on-premises assets. This consolidated experience aids in breaking down silos, guaranteeing performance, and lessening human workloads, thereby becoming a beneficial resource for organizations.

Network Configuration And Change Management Market Players
Major companies operating in the network configuration and change management market report are Huawei Technologies Co. Ltd.; Cisco Systems Inc.; Broadcom Inc.; Nokia Corporation; Palo Alto Networks Inc.; Juniper Networks Inc.; Fortinet Inc.; Arista Networks Inc.; Citrix Systems Inc.; Splunk Inc.; F5 Networks Inc.; Check Point Software Technologies Ltd.; Extreme Networks Inc.; Zscaler Inc.; Netscout Systems; SolarWinds Worldwide LLC; Riverbed Technology Inc.; Gigamon Inc.; FireEye Inc.; Radware Ltd.; A10 Networks Inc.; Blue Coat Systems; Silver Peak Systems Inc.; Opengear Inc.

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Largest And Fastest Growing Region In The Market
North America was the largest region in the network configuration and change management market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the network configuration and change management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Network Configuration And Change Management Market Report Structure
3. Network Configuration And Change Management Market Trends And Strategies
4. Network Configuration And Change Management Market - Macro Economic Scenario
5. Network Configuration And Change Management Market Size And Growth
…..
27. Network Configuration And Change Management Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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