Pune, India, October, 2018 /press release/- Market Research Future Published a Half-Cooked Research Report on Unified Network Management Market Research Report.
Market Research Future (MRFR)’s latest report reveals that the The Unified Network Management Market industry is projected to grow from USD 13.5 Billion in 2023 to USD 59.1 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 17.80% during the forecast period (2023 - 2032). Unified networking solutions facilitate the management of both wired and wireless networks through a single interface. This has augmented the market in recent times, and the trend is estimated to continue over the assessment period.
The networking system offers functions such as provisioning, planning, monitoring and reporting among others. It also provides solutions such as network traffic management, network security management, network application management, network monitoring management, etc. These factors are forecasted to catapult the unified network management market on an upward trajectory through the projection period.
The development of cloud technology has opened new avenues of growth opportunities for market players. Furthermore, the availability of advanced analytical tools and optimum quality cybersecurity is projected to catalyzed the adoption of the technology by large, small and medium enterprises.
By type, the unified network management market has been segmented into wired network management, and, wireless network management.
By solution, the global unified network management market is segmented into network traffic management, network monitoring management, network security management, network application management, and configuration and server management.
By service, the unified network management market has been segmented into training & support, consulting, and managed and integration service.
By deployment, the global unified network management market is segmented into cloud, and, on-premise.
By organization size, the unified network management market has been segmented into enterprise, and, small & medium business.
By end-user, the global unified network management market is segmented into Communication Service Provider (CSP), cloud service provider, BFSI, managed service providers, healthcare, government, and media & entertainment.
The global unified network management market has been segmented into North America, Europe, Asia, and the Rest of the World. North America is projected to witness an upsurge in demand for unified networking solutions over the next couple of years. The established IT ecosystem of the region makes it conducive to the rapid adoption of the technology. Additionally, the consolidation of major key players in the region such as Accenture, IBM, Cisco, etc. is likely to favor the expansion of the unified network management market in the region.
Asia Pacific is prognosticated to grow substantially over the assessment period. The factors that are responsible for catalyzing the expansion of the regional unified network management market include developments in cloud technology, enhancement of productivity, management of customer relations, etc. Meanwhile, Europe is poised to exhibit moderate growth in the foreseeable future. The growth can be attributed to the presence of developed IT infrastructure of the region.
Some of the key players profiled in the report are Accenture PLC (Ireland), Alcatel-Lucent S.A. (France), IBM Corporation (U.S.), Juniper Networks (U.S.), Brocade Communications Systems, Inc. (U.S.), HP (U.S.), Bradford Networks, Inc. (U.S.), Cisco Systems, Inc. (U.S.), Ascom Holdings AG (Switzerland), Allot Communication (U.S.), Sandvine Inc. (Canada), Ericsson (Sweden), and Tibco Software (U.S.)
In October 2018, Zyxel Communications, a provider of customer-centric technology and service, Nebula SD-WAN. It is designed for facilitating unified network management that enhances user experience.
In October 2018, Finland based Nokia has added support to its Lightspan and Altiplano portfolios which provides operators with a single unified network management system for all access technologies.
In October 2018, Huawei, global provider of information and communications technology (ICT) infrastructure and smart devices, collaborated with Open Broadband - Broadband Access Abstraction (OB-BAA) for unveiling OB-BAA 1.0 prototype. The product facilitates unified network management.