The network configuration and change management market size was valued at USD 1.6 Billion in 2022. The network configuration and change management industry is projected to grow from USD 1.69 Billion in 2023 to USD 2.65 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 5.80% during the forecast period (2023 - 2032). Growing awareness about network configuration and change management and an increase in network size and complication are the key market drivers enhancing market growth.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Market CAGR for network configuration and change management is driven by the increasing adoption by managed service providers. Various IT organizations nowadays depend on managed service providers to manage their network configurations. This generates huge pressure on the managed service providers to include magnificent configuration maintenance to attract more customers forecast period. A managed service provider provides customers with technology, network, device and security services through continuing support and active administration on their premises. Managed service provider (MSP) handles all initialization tasks on computers in remote areas. However, it can limit direct login and direct access to the probe server. As a result, distributed user control is effective. Therefore, increasing network configuration and change management adoption by managed service providers is expected to drive market growth.
Moreover, multiple organizations' clients would require HIPAA or FINRA compliance for the documents they entrust to the company. Therefore, document management systems must incorporate features that take extra steps to fully comply with all applicable privacy laws to protect the company's and its client's information.​In the digital era, protecting online documents is essential to prevent data breaches and malicious attacks from hackers. Security is becoming a significant concern for many companies that have deployed DMS. Besides the financial consequences, a data breach can cause customer loss, brand reputation damage, company secrets leaking, compliance, and legal issues.
Increasing demand for network automation, network security, and progressing infrastructure for network infrastructure is the biggest revenue producer for this market, while the major restraints to this market are inflexible standard procedures and budgetary constraints. Less software-defined networking serves as an opportunity in this market. Network automation is the process of operating software to simplify network and security gaining and maintenance to maximize network reliability and functionality. Network computerization is being used in grouping with network virtualization driving the network configuration and change management market revenue.
Additionally, the organization's expansion increased network size and complexity. Including new devices and technology to meet corporate demands has greatly increased the network's size. IT managers in firms must deal with the concerns of performance degradation and network downtime prevention. Most network outages and application performance deterioration are caused by incorrect manual configuration changes, necessitating more effective configuration management.
The network configuration and change management market segmentation, based on components, includes software and services. The software segment dominated the market, accounting for 35% of market revenue (0.59 Billion). In developing economies, category growth is driven due to growing pressure on firms to deliver digital innovation faster in response to growing customer expectations. However, services are the fastest-growing category due to the growing need for organizations to deploy various innovative and advanced solutions.
The network configuration and change management market segmentation, based on deployment mode, includes cloud and on-premises. The on-premises category generated the most income (70.4%) due to the high demand for on-premises software and the regulatory, compliance, and security requirements. However, the cloud is the fastest-growing category due to the growing penetration of the internet.
The network configuration and change management market segmentation, based on vertical, includes BFSI, telecommunication & IT, manufacturing, retail, and government. The telecommunication & IT category generated the most income due to the enhanced demand for software across several IT and telecom services, such as network management and communication tools. However, retail is the fastest-growing category due to the growing need for advanced capabilities, including sales monitoring, employee management analytics, inventory tracking, reporting, and customer data management.
The network configuration and change management market segmentation, based on organization size, includes large enterprises and small & medium enterprises. The large enterprise category generated the most income due to the increasing investments by large-scale enterprises in deploying cutting-edge technology. However, small & medium enterprises are the fastest-growing category due to the growing adoption of network configuration and change management software by small & medium enterprises.
Figure 1: Network Configuration and Change Management Market, by Organization Size, 2022 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
By region, the study provides market insights into North America, Europe, Asia-Pacific and the Rest of the World. The North American network configuration and change management market will dominate due to the increasing data privacy stringency and security standards and policies. In addition, software solutions' high operational efficiency and cheap maintenance costs are being adopted more frequently in this region. Further, the German network configuration and change management market held the largest market share, and the UK network configuration and change management market was the fastest-growing market in the European region.
Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 2: NETWORK CONFIGURATION AND CHANGE MANAGEMENT MARKET SHARE BY REGION 2022 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe network configuration and change management market account for the second-largest market share due to the growing stringency of data privacy and security standards in this region. Further, the German network configuration and change management market held the largest market share, and the UK network configuration and change management market was the fastest-growing market in the European region.
The Asia-Pacific Network Configuration and Change Management Market is expected to grow at the fastest CAGR from 2023 to 2032. This is due to the increasing number of small & medium enterprises in this region. Moreover, China’s Network Configuration and Change Management market held the largest market share, and the Indian Network Configuration and Change Management market was the fastest-growing market in the Asia-Pacific region.
Leading market players are investing heavily in research and development to expand their product lines, which will help the network configuration and change management market grow even more. Market participants are also undertaking a combination of strategic activities to enhance their footprint, with important market developments such as contractual agreements, new product launches, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, the network configuration and change management industries must offer cost-effective items.
Manufacturing locally to minimize operational costs is one of the key business tactics manufacturers use in the network configuration and transformation management industry to benefit clients and increase the market sector. Major players in the network configuration and change management market, including BMC Software, Inc. (U.S.), Solarwinds (U.S.), Ignite Enterprise Software Solutions, Inc. (U.S.), Zoho Corporation Pvt. Ltd. (India), Dorado Software, Inc. (U.S), and others, are attempting to increase market demand by investing in research and development operations.
AVEVA Group Plc, a subsidiary of Schneider Electric SE, provides engineering software solutions. The firm offers design, engineering, shipbuilding and design management, software and enterprise solutions, and plant and marine catalog information solutions. It also delivers services such as consulting, integration and lifecycle management services. AVEVA offers technologies that support engineering projects' design and through-life operation in oil and gas, energy, marine, chemical, infrastructure, life sciences, food and beverage, consumer-packed goods, and mining, metals, and manufacturing industries. In September 2022, AVEVA and Aras formed a strategic partnership to deliver industrial Asset Lifecycle Management solutions. AVEVA will license the Aras Innovator platform to create a suite of scalable Asset Lifecycle Management solutions that will combine Aras' open and flexible application portfolio with AVEVA Unified Engineering and AVEVA Asset Information Management.
Cyient Ltd is a digital engineering company specializing in geospatial, engineering, manufacturing, digital network and operations management solutions. The firm delivers product development and lifecycle support, operations management, process and network engineering, support and data transformation, and IoT and M2M services. The company serves various industries, including aerospace and defense, communications, rail transportation, medical technology and healthcare, utilities, navigation, heavy equipment and industrial, power generation, oil and gas, semiconductor, and infrastructure. In March 2022, Cyient announced the availability of a pre-built solution for controlled Firmware over-the-Air (FOTA) upgrades via its CyientfIQ innovation platform. As a platform, CyientfIQ stimulates technological disruptions and facilitates the development of new intellectual property and solutions in conjunction with Partners. The FOTA solution is intended to help its customers accelerate the development of intelligent and connected goods throughout the industry.
January 2023: Configit Ace is now accessible as a cloud service, according to the company. The cloud-based Configuration Lifecycle Management (CLM) platform is vendor-agnostic and designed to interface with any IT system. Configit Ace Cloud allows a comprehensive, enterprise-wide configuration process for complex products, systems, and services that support design, development, production, sales, and support.
Software
Services
Cloud
On-Premises
BFSI
Telecommunication & IT
Manufacturing
Retail
Government
Large Enterprises
Small & Medium Enterprises
North America
US
Canada
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Australia
Rest of Asia-Pacific
Rest of the World
Middle East
Africa
Latin America
| Report Attribute/Metric | Details |
| Market Size 2022 | USD 1.6 Billion |
| Market Size 2023 | USD 1.69 Billion |
| Market Size 2032 | USD 2.65 Billion |
| Compound Annual Growth Rate (CAGR) | 5.80% (2023-2032) |
| Base Year | 2022 |
| Market Forecast Period | 2023-2032 |
| Historical Data | 2018- 2022 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Component, Deployment Mode, Verticals, Organization Size and Region |
| Geographies Covered | North America, Europe, Asia Pacific, and the Rest of the World |
| Countries Covered | The US, Canada, German, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled | BMC Software, Inc. (U.S.), Solarwinds (U.S.), Ignite Enterprise Software Solutions, Inc. (U.S.), Zoho Corporation Pvt. Ltd. (India), Dorado Software, Inc. (U.S), Hewlett Packard Enterprise Development LP (India), and Paessler AG (Germany) |
| Key Market Opportunities | Growing awareness about network configuration and change management |
| Key Market Dynamics | Increase in the network size and complication |
Network Configuration Change Management Market Highlights:
Frequently Asked Questions (FAQ) :
The network configuration and change management market size was valued at USD 1.6 Billion in 2022.
The market is projected to grow at a CAGR of 5.80% during the forecast period, 2023-2032.
North America had the largest share of the market
The key players in the market are Zoho Corporation Pvt. Ltd. (India), Dorado Software, Inc. (U.S.), Hewlett Packard Enterprise Development LP (India), and Paessler AG (Germany).
The software category dominated the market in 2022.
The on-premises had the largest share in the market.
The telecommunication & IT category dominated the market in 2022.
Large enterprises had the largest share of the market.
Team Lead - Research she holds an experience of about 6+ years in market research and business consulting, working under the spectrum of information communication technology, telecommunications and semiconductor domains. aarti conceptualizes and implements a scalable business strategy and provides strategic leadership to the clients. her expertise lies in market estimation, competitive intelligence, pipeline analysis, customer assessment, etc.
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