Network Management Solutions Market Can Touch Approximately USD 18 Billion by 2031

According to the report published by Allied Market Research, the global network management solutions market generated $7.1 billion in 2021, and is estimated to reach $18 billion by 2031, witnessing a CAGR of 9.9% from 2022 to 2031.

The report provides an in-depth analysis of top segments, changing market trends, value chain, key investment pockets, competitive scenario, and regional landscape. The report is an essential and helpful source of information for leading market players, investors, new entrants, and stakeholders in formulating new strategies for the future and taking steps to strengthen their position in the market.

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Future Outlook

The report anticipates lucrative growth opportunities, especially in the SME sector and through cloud-based solutions. The increasing complexity of networks due to digital transformation will further drive demand for effective network management solutions. This analysis underscores the dynamic nature of the network management solutions market, influenced by technological advancements and changing business needs.

Covid-19 Impact
The Covid-19 pandemic significantly affected the market, revealing vulnerabilities in various industries, particularly those reliant on China for raw materials and finished products. The extended lockdowns disrupted supply chains and had a profound impact on the global economy, leading to widespread shutdowns of manufacturing and production worldwide.

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Key Drivers:

1. Surge of Software-Defined Networking (SDN): The adoption of SDN across enterprises is enhancing network management capabilities.

2. Increased Demand for Network Security: Growing needs for maintaining quality services and security are propelling market growth.

Challenges

1. Availability of Free Tools: The presence of free network management tools poses a challenge to market growth.

2. Budget Constraints: Low budget restrictions can hinder the adoption of paid solutions.

The report examines leading players in the global network management solutions market, including CA Technology, Cisco, Cubro Network Visibility, Ericsson, Huawei, IBM Corporation, Juniper Networks, Kaseya Co. Ltd., Live Action, Manage Engine, Micro Focus, NETSCOUT Systems, Nokia, Paessler, Progress, and Zoho Corporation.

These key players are evaluated based on their business performance, operating segments, product portfolios, and recent developments. They have employed various strategies, such as launching new products, expanding operations, forming partnerships, and more, to enhance their market penetration and strengthen their industry position.

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The global network management solutions market report provides an in-depth analysis segmented by components, deployment models, enterprise sizes, industry verticals, and regions. It includes detailed analyses of each segment and sub-segment, supported by tables and figures. This comprehensive examination assists investors, market participants, and new entrants in identifying key sub-segments to target for growth in the forthcoming years.

By component, the solution segment dominated the network management solution market in 2021. However, the services segment is expected to exhibit significant growth during the forecast period.

Based on deployment, the on-premises segment dominated the network management solution market in 2021. However, the cloud segment is expected to witness the highest growth rate during the forecast period.

Based on enterprise size, the large enterprise the highest revenue in 2021. However, the SME's is expected to witness the highest growth rate during the forecast period.

Depending on the industry vertical, the BFSI the highest revenue in 2021. However, the retail industry is expected to witness the highest growth rate shortly.

Region-wise, the network management solution market was dominated by North America in 2021. However, Asia-Pacific is expected to witness significant growth in the coming years.

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