Optimizing Connectivity: Key Trends in the Network Management Market

According to the report published by Allied Market Research, Optimizing Connectivity: Key Trends in the Network Management Market. The report provides an extensive analysis of changing market dynamics, major segments, value chain, competitive scenario, and regional landscape. This research offers valuable able guidance to leading players, investors, shareholders, and startups in devising strategies for sustainable growth and gaining a competitive edge in the market.

Rise in digitalization and increase in adoption of advanced technologies such as IoT across the globe positively impact the growth of the market. In addition, the increase in adoption of network management solution across businesses to enhance operation & productivity is anticipated to propel the growth of the market in future. Furthermore, an increase in investments by top players and a rise in demand for enhanced security solutions are expected to provide lucrative growth opportunities for market expansion during the forecast period. Moreover, the increase in adoption of emerging technologies such as 5G & edge computing and growth in demand for SD-WAN technology are anticipated to provide lucrative growth opportunities for the market in the upcoming years. However, network infrastructure complexity, security threats and costs budget are anticipated to hamper the market growth.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 (𝐆𝐞𝐭 𝐅𝐮𝐥𝐥 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 𝐢𝐧 𝐏𝐃𝐅 - 285 𝐏𝐚𝐠𝐞𝐬) 𝐚𝐭: https://www.alliedmarketresearch.com/request-sample/264

The global network management market size was valued at $9.5 billion in 2022, and is projected to reach $25.3 billion by 2032, growing at a CAGR of 10.6% from 2023 to 2032.

The network management market is segmented into component, deployment mode, network type, organization size, industry vertical, and region. On the basis of component, it is categorized into hardware, software and services. On the basis of network type, the market is divided into LAN, WAN and MAN. On the basis of deployment mode, it is bifurcated into on-premise and cloud. On the basis of organization size, the market is bifurcated into large enterprises, and small & medium-sized enterprises. On the basis of industry vertical, the market is classified into manufacturing, BFSI, retail, healthcare, IT & telecom and others. On the basis of region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

𝐀𝐜𝐜𝐞𝐬𝐬 𝐭𝐡𝐞 𝐟𝐮𝐥𝐥 𝐬𝐮𝐦𝐦𝐚𝐫𝐲 𝐚𝐭: https://www.alliedmarketresearch.com/network-management-market

Based on component, the hardware segment held the highest market share in 2022, accounting for less than half of the network management market revenue, and is estimated to maintain its leadership status throughout the forecast period. Network hardware helps to establish an effective mode of communication, thereby improving business standards. However, the service segment is expected to portray the largest CAGR of 12.8% from 2023 to 2032 and is projected to maintain its lead position during the forecast period. As service segment help to reduce the time and costs associated with optimizing systems in the initial phase of deployment.

Based on deployment mode, the on-premise segment held the highest market share in 2022, accounting for nearly three-fifths of the network management market revenue, and is estimated to maintain its leadership status throughout the forecast period. Increase in the need to secure and reliable data within the organization has fueled the market growth for on-premise-based solutions. However, the cloud segment is expected to portray the largest CAGR of 11.9% from 2023 to 2032 and is projected to maintain its lead position during the forecast period. The cloud-based deployment model does not involve capital cost and requires low maintenance cost, which is majority preferred by small & medium enterprises, thereby driving the growth of the cloud-based solutions.

𝐈𝐟 𝐲𝐨𝐮 𝐡𝐚𝐯𝐞 𝐚𝐧𝐲 𝐪𝐮𝐞𝐬𝐭𝐢𝐨𝐧𝐬, 𝐏𝐥𝐞𝐚𝐬𝐞 𝐟𝐞𝐞𝐥 𝐟𝐫𝐞𝐞 𝐭𝐨 𝐜𝐨𝐧𝐭𝐚𝐜𝐭 𝐨𝐮𝐫 𝐚𝐧𝐚𝐥𝐲𝐬𝐭 𝐚𝐭: https://www.alliedmarketresearch.com/connect-to-analyst/264

Based on network type, the LAN segment accounted for the largest share in 2022, contributing for nearly half of the network management market revenue. LAN management tools help reduce the cost of supporting those heterogeneous environments by providing the means for IT administrators to diagnose and resolve problems with PCs and servers running on a broad range of operating systems. However, the WAN segment is expected to portray the largest CAGR of 13.2% from 2023 to 2032 and is projected to maintain its lead position during the forecast period. WAN technology innovations help organizations access information in a secure, fast, and reliable way. In addition, WAN is also important for business productivity and continuity.

Based on organization size, the large enterprises segment accounted for the largest share in 2022, accounting for two-thirds of the network management market revenue. The rise of digitalization among the large enterprises is expected to propel the growth of the market in upcoming years. However, the small and medium-sized enterprises segment is expected to portray the largest CAGR of 12.7% from 2023 to 2032 and is projected to maintain its lead position during the forecast period, owing to increase in number of SMEs in developing IT infrastructures in Asia-Pacific including China, Japan, and India.

Based on industry vertical, the BFSI held the highest market share in 2022, accounting of nearly one-fourth of the network management market revenue, and is estimated to maintain its leadership status throughout the forecast period. Network management along with advanced application has become an ideal option for many banks to stay up-to-speed with the financial digital transformation of the industry. However, the retail sector is projected to manifest the highest CAGR of 14.5% from 2023 to 2032. Network management plays a pivotal role in the retail and e-commerce industry, offering a multitude of benefits that enhance operational efficiency, customer experience, and security.

𝐄𝐧𝐪𝐮𝐢𝐫𝐲 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠: https://www.alliedmarketresearch.com/purchase-enquiry/264

Based on region, the North America segment held the highest market share in terms of revenue in 2022, accounting for nearly two-fifths of the network management market revenue. Factors such as the growth of remote work and the surge in online services have fueled the demand for reliable, high-performance network management in the region. However, Asia-Pacific is expected to witness the fastest CAGR of 13.8% from 2023 to 2032, and is likely to enhance the market growth during the forecast period. Rapid proliferation of 4G, 5G in developing countries of Asia-Pacific, increase in subscriber base, favorable government policies and regulations, and demand for security are expected to boost the growth of the region at a considerable pace.

The key players that operate in the network management market analysis are Cisco Systems, Inc., IBM Corporation, Microsoft Corporation, juniper Networks, Inc., SolarWinds Corporation, Broadcom Inc., Huawei Technologies Co., Ltd., Hewlett Packard Enterprise, BMC Software, Inc., and Nokia Corporation. These players have adopted various strategies to increase their market penetration and strengthen their position in the network management industry.

𝐁𝐮𝐲 𝐍𝐨𝐰 & 𝐆𝐞𝐭 𝐄𝐱𝐜𝐥𝐮𝐬𝐢𝐯𝐞 𝐃𝐢𝐬𝐜𝐨𝐮𝐧𝐭 𝐨𝐧 𝐭𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭 (285 𝐏𝐚𝐠𝐞𝐬 𝐏𝐃𝐅 𝐰𝐢𝐭𝐡 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬, 𝐂𝐡𝐚𝐫𝐭𝐬, 𝐓𝐚𝐛𝐥𝐞𝐬, 𝐚𝐧𝐝 𝐅𝐢𝐠𝐮𝐫𝐞𝐬) 𝐚𝐭: https://www.alliedmarketresearch.com/network-management-market

Covid-19 Scenario

● The COVID-19 pandemic has profoundly impacted the network management industry, triggering a seismic shift in the way organizations approach connectivity and IT infrastructure. The demand for robust and secure networks skyrocketed, forcing network management professionals to rapidly adapt to the challenges of supporting a decentralized workforce with an unprecedented surge in remote work. The need for scalable solutions, increased bandwidth, and enhanced security measures became paramount.

● In addition, the pandemic accelerated digital transformation initiatives, prompting organizations to invest in cloud-based services and advanced networking technologies.

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