Network Management Market Scope
The network management refers to the management of computer networks. It comprises of various solutions and services in order to maintain a smooth management of network. The process of managing a network for fault and performance using various tools and technologies to keep up with the business requirements. Further, the rise in network traffic due to the increase in the use of instant messaging, social networking sites, and video conferencing is driving Network Management market.
The market study is being classified by Type (Softwares and Services), by Application (Telecom & Information Technology (IT), Education & academia, Transportation, Government & Defense, Hospitality, Healthcare, Energy and Utilities, Banking, Financials & Insurance (BFSI), Media and Entertainment and Others) and major geographies with country level break-up. According to AMA, the Global Network Management market is expected to see growth rate of 9.93%
The Global Network Management market is fragmented with several top international and regional players. These players are involved in collaboration with other regional operators to upgrade the network management system, For instance, In March 2018, Ericsson Network Management as a Service helps operators reduce the complexity of managing their networks while delivering a predictable total cost of ownership and enabling an efficient network evolution. Four United States regional operators are moving their network management to the cloud. Prominent players in the market are promoting their cloud-based NMS solutions by establishing partnerships in response to customers’ demands for robust, scalable, and flexible solutions. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Network Management market throughout the predicted period.
Avaya Inc.(United States), Alcatel-Lucent S.A (France), IBM Corporation (United States), Juniper Networks Inc. (United States), Cisco System Inc. (United States), Aruba Network Inc. (United States), CA Technologies Inc. (United States), Accedian (Canada), AppNeta (United States), BMC Software (United States) and Kaseya (Ireland) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are ExtraHop Networks (United States), Extreme Networks (United States, Flowmon Networks (Czech Republic) and HelpSystems (United States).
AdvanceMarketAnalytics has segmented the market of Global Network Management market by Type, Application and Region.
On the basis of geography, the market of Network Management has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Services, the sub-segment i.e. Consulting will boost the Network Management market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Component, the sub-segment i.e. Transcoding & Processing will boost the Network Management market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Solution, the sub-segment i.e. Network Traffic Management will boost the Network Management market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
In September 2017, Riverbed Technology, Inc. established a partnership agreement with Huawei Technologies Co., Ltd to provide Huawei CloudEPN with Riverbed SteelHead combined solutions that will help customers simplify network management in this cloud era. and China Mobile will launch the trial version of the 5G technology in 2018 in key Chinese cities and will expand its deployment in 2019.
In May 2018, SolarWinds announced a wave of updates to its network management product portfolio, which can now support networks up to four times larger than the previous generation. This significant gain makes it easy to consolidate monitoring solutions to a single provider enterprise-wise and gives IT professionals are far greater flexibility to scale up and support larger data center networks as workloads increase or scale out to address complex distributed networks.
- Rising Management of Network Management System by Data Centers to Enhance Performance and Eliminate Downtime Risks
- Growing Demand for Network Management Solution and Services from large and SMEs
- Increasing Network Security Breaches
- Rising Focus on Technology Evolution & Demand for Cloud Monitoring
- Increasing use of IP videos Data centers & Virtualization
- Optimization of Business Operations through Network Management Tools
- Emergence of Artificial Intelligence (AI)
- Time Consuming Process of Installation and Complexity in the Methodology
- The Need for Maintaining Balance between Network Efficiency & High Responsiveness
Key Target AudienceTechnology Investors, Research/Consultancy firms, Government Bodies, Network Management solution vendors, Network Management platform providers, Information Technology (IT) developers, Third-party vendors, Consulting service providers, Telecom operators, Internet service providers, Technology providers, System integrators and Cloud service providers
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