Network Configuration and Change Management Market Research Report—Global Forecast till 2027

Global Network Configuration and Change Management Market Research Report: Information by Component (Software, Services), Deployment (Cloud and On-Premises), Organization Size (Large Enterprises, Small & Medium Enterprises), Vertical (BFSI, IT & Telecommunication, Manufacturing, Retail, Government, and Others), and Region (North America, Europe, Asia-Pacific, Middle East & Africa, and South America)—Forecast Till 2027

ID: MRFR/ICT/8630-CR | August 2021 | Region: Global | 157 pages

Network Configuration and Change Management Market

Network Configuration and Change Management Market is projected to grow at about 8.8% CAGR and reach USD 2,562.6 million by 2027.

Segmentation

By Component Software Services
By Deployment Cloud On-Premises
By Organization Size Large Enterprises Small & Medium Enterprises
By Vertical BFSI IT & Telecommunication Manufacturing Retail Government and Others

Key Players

  • BMC Software
  • CISCO Systems INC.
  • CA Technologies
  • IBM
  • HP
  • EMC Corporation
  • Alterpoint
  • ManageEngine
  • Solarwinds
  • DORADO Software
  • Microfocus
  • CONNET
  • Intelliden
  • NMSAAS
  • Stablenet
  • SolarWinds Worldwide
  • LLC.
  • Cisco Systems Inc.
  • IBM Corporation
  • BMC Software Inc.
  • Zoho Corp.

Drivers

  • Network Automation
  • Network service availability increases
  • Adoption by Managed Service Providers (MSPs)
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Market Overview


The global network configuration and change management market is projected to grow at about 8.8% CAGR during the forecast and reach USD 2,562.6 million by 2027. In 2019, the network configuration and change management market was led by North America, with a 53.2% share, followed by Europe and Asia-Pacific, with shares of 25.6% and 14.4%, respectively. The study reveals that the adoption of network configuration and change management is trending in North America. A region with multiple networking equipment must operate efficiently because, in the event of a power loss, server breakdown, or another disastrous event, the network configuration and change management (NCCM) solutionhelps by recovering configuration settings and restoring the devices to operational status, while in Europe, a large amount of digitalization, growing number of business expansions, and growing number of small and large enterprises have led to an increase in the demand network-based applications and network devices.
network configuration change management market
Source: Industry Expert, Secondary Research, and MRFR Analysis


COVID-19 Analysis


Companies and organizations have urged their staff to operate from home as a preventative measure to reduce the possibility of the pandemic in consideration of the COVID-19 epidemic triggered by the novel coronavirus. On the other hand, employees have become vulnerable to various protection threats resulting from operating from home. Furthermore, the rapid global adoption of COVID-19 has increased the amount of data produced from various sources.


Cyber-attackers are viewing the pandemic as an opportunity to dramatically increase their illegal activity by taking advantage of workers operating from home insecurity and capitalizing on people's strong interest in coronavirus relevant information. Hackers are attempting to concentrate on the dramatic developments occurring through industries. Cyber-attacks have increased along with the rapid worldwide spread of the COVID-19 pandemic. Cybersecurity teams are working with fraud risk management teams to coordinate detection-and-response activities. They have also added a whole slew of new dangers. The perimeter security of organizations is in danger of being compromised. They need continuous monitoring and real-time risk identification for violations at both physical and digital entry points.


For instance, SolarWinds was the target of a major cyberattack that extended to the company's customers. The operation, which was discovered in December and was presumably coordinated by Russia, compromised software made by SolarWinds Corp, allowing hackers access to thousands of businesses and government agencies that used its products. The hackers gained access to e-mails at the US Treasury, Justice, and Commerce departments and other agencies


Market Dynamics


The global network configuration and change management market is expected to witness growth in the next few years. During the research study, MRFR has observed several factors that are responsible for the growth of the market across the globe. Network automation, time to market and return on investment, and limited capital expense, and low total cost of ownership have attributed to the growth of the global network configuration and change management market. However, the reluctance among enterprises might hamper the market growth during the forecast period.


Drivers


  • Network Automation


Network automation is the process of utilizing software to simplify network and security procurement and maintenance to maximize network reliability and functionality. Network automation is being used in combination with network virtualization. Network automation is the method of automating the configuration, management, testing, deployment, and operation of physical and virtual network systems. Network service availability increases as daily network operations and activities are streamlined, and manual procedures are monitored and handled automatically. Manual network setup may cause errors, misconfigurations, and network instability, rendering it challenging to provide the high quality of service required for digital business operations. Network automation eliminates the need for manual network management measures such as signing into routers, switches, load balancers, and firewalls to manually adjust settings before logging out.


Opportunity


  • Adoption by Managed Service Providers (MSPs)


Nowadays, many IT organizations depend on managed service providers to manage their network configurations. This creates enormous pressure on MSPs to include magnificent configuration maintenance to attract their customers in the long run. A managed service provider (MSP) provides network, device, technology, and security services to customers through continuing and routine support and active administration on their premises, their MSP's data center (hosting), or in a third-party data center. MSPs handle all initialization tasks, including on computers in remote areas. However, it can limit direct login into the probe and direct access to the probe server. As a result, distributed user control is accomplished effectively.


Additionally, small to medium-sized businesses lack the resources to invest in technology and skilled labor. As a result, it is ideal for anyone to choose the MSP offerings. This is a cost-effective, agile, and inexpensive way for them to expand their IT capability to improve overall efficiency and productivity. In simple terms, MSPs are the most convenient way to gain IT awareness.This has created an opportunity for the vendors operating in the global network configuration and change management market


Restraints


  • Reluctance Among Enterprises


Nowadays, businesses are experiencing accelerated digital transitions as market leaders demand that the network become more scalable, responsive, and stable. The new service is becoming more fragmented, with more services, embedded devices, and sophistication, resulting in structural changes across organizations. However, change strategies are often imposed in response to things such as legislative reforms rather than being motivated by a conceptual vision.This ensures that it has correctly established the service levels it needs for the main operating processes that IT funds and that it thoroughly recognizes the cost, efficiency, and availability consequences of these service levels. Thus, the reluctance among enterprises to adopt NCCM solutions is expected to restrict the growth of the global network configuration and change management market during the forecast period.


Market Segmentation


The global network configuration and change managementmarket has been segmented based on component, deployment, organization size, vertical, and region.


By component, the network configuration and change management market has been segmented into software and services. The adoption of NCCM has increased to protect the network from getting down and making uptime stable.


Based on deployment type, the network configuration and change management market has been divided into on-premises and cloud. Most organizations are adopting NCCM solutions due to their ability to quickly regain their uptime state in case of catastrophe events and streamline their businesses. In the future of technology, cloud computing has been termed as the future of business technology.


Based on organization size, the global network configuration and change management market is segmented into small and medium enterprises (SMEs) and large enterprises. NCCM solutions are known to help businesses monitor their growth and generate insights to deal with their future prospects.


Based on vertical, the global network configuration and change management market is segmented into BFSI, retail, IT & telecommunication, manufacturing, government, and others.


Regional Analysis


By region, the network configuration and change management market has been segmented into North America, Europe, Asia-Pacific, South America, and the Middle East & Africa. North Americadominated the network configuration and change management market in 2019 with a value of USD 747.0million and is expected to reach USD 1,253.8million by 2027 at a CAGR of 7.7%. However, the market in Asia-Pacificregion is estimated to witness the highest CAGR of 10.3%during the forecast period, 2021–2027.


GLOBAL: NETWORK CONFIGURATION AND CHANGE MANAGEMENT MARKET, BY REGION, 2019 (% SHARE)
network configuration change management market by region 2019
Source: Industry Expert, Secondary Research, and MRFR Analysis


Asia-Pacific to Bolster the Growth of the Network Configuration and Change Management Market


Asia-Pacific is projected to gain a share of 14.4% in the network configuration and change management market. In recent years, the region has witnessed major growth in Internet penetration and its applications. To make the network up and ring in case of faulty network problems or outage events, several industries and the IT sector in the region are adopting NCCM solutions to make network reconfiguration hassle-free and easy. The adoption is high in Asia-Pacific, and thus, the demand is expected to be high in this region.The Chinese market is the largest in the region. The country has the ever-growing IT Sector and various industries which are progressing towards new developments which require advanced communication and networking technology.The Japanese market is known for its automotive, electronic equipment, machine tool, textile, and food processing industries, as well as its IT sector. These verticals areadvancing rapidly and investing in emerging technologies, with AI and IoT being increasingly integrated with industrial operations.


Competitive Landscape


The market for network configuration and change management has witnessed significant growth over the forecast period due to the growing need for enhanced vehicle safety. There are several domestic, regional, and global players operating in the network configuration and change management market who continuously strive to gain a significant share of the overall market.


Key Players



  • SolarWinds Worldwide, LLC.

  • Cisco Systems, Inc.

  • IBM Corporation

  • BMC Software, Inc.

  • Zoho Corp.


IBM Corporation primarily follows an inorganic business growth strategy to increase its productivity and output through strategies with technology leaders intended to expandits market reach across untapped markets. Additionally, the company focuses on extensive R&D efforts that enable it to re-invent and transform its product offerings. Furthermore, IBM aims to provide cognitive solutions and software solutions, which are also simultaneously being made available for cloud applications to provide new levels of innovation, are expected to bring in more revenue in the coming years.


The key players operating in the global network configuration and change management market include BMC Software, CISCO Systems INC., CA Technologies, IBM, HP, EMC Corporation, Alterpoint, ManageEngine, Solarwinds, DORADO Software, Microfocus, CONNET, Intelliden, NMSAAS, and Stablenet. The companies such as SolarWinds Worldwide, LLC., Cisco Systems, Inc., IBM Corporation, BMC Software, Inc., and Zoho Corp. are the leading providers of NCCM services in the global market.


Recent Market Developments



  • In November 2018, Broadcom Inc., a global technology company engaged in designing, developing, and supplying semiconductor and infrastructure software solutions, acquired CA Technologies. Given the importance of mainframes to large enterprises, Broadcom Inc. believes the acquisition of CA Technologies provides a strong market opportunity for the company and strengthened its position as a leading provider of semiconductor and infrastructure software solutions, enabling the company to serve its customers better.

  • In July 2019, Ignite Technologies and ESW Capital announced a reorganization of ESW Capital Group’s operating companies, resulting in 12 solutions from the ESW Versata and Skyvera portfolio companies being merged into ESW’s Ignite Technologies Portfolio. This merger included the addition of AlterPoint to IgniteTech’s portfolio.

  • In February 2018, ManageEngine announced its business plans and channel strategy for expanding its reach in Brazil, Mexico, Colombia, Argentina, Chile, and several other Latin American countries. With over 3,000 paid customers in the region, it is focused on expanding its presence in response to its strong performance in 2017. ManageEngine caters to Latin American customers with a range of its established and emerging technology solutions and a growing team of channel partners to achieve 30% growth in the region

  • In July 2017, SolarWinds expanded its distribution partnership with Tech Data Corporation, one of the world’s largest distributors of technology services, products, and solutions, to meet growing customer needs across the Central & South American and Caribbean regions.

  • In September 2017, Micro Focus International PLC merged with Hewlett-Packard Enterprise (HPE) software business to form a new, combined company that is uniquely positioned to help customers maximize existing software investments and embrace innovation in the Hybrid IT field.


Report Overview


This study estimates revenue growth at global, regional, and country levels and offers an overview of the latest developments in each of the sub-sectors from 2018 to 2027. For this analysis, MRFR segmented the global network configuration and change managementmarket has been classified based on component, deployment, organization size, vertical, and region.


By Component



  • Software

  • Services


By Deployment



  • Cloud

  • On-Premises


By Organization Size



  • Large Enterprises

  • Small & Medium Enterprises


By Vertical



  • BFSI

  • It & Telecommunication

  • Manufacturing

  • Retail

  • Government

  • Others



Report Scope:
Report Attribute/Metric Details
  Market Size   2020- USD:1,467.7 Million 2027-USD: 2,562.6Million
  CAGR   8.8 %
  Base Year   2020
  Forecast Period   2021-2027
  Historical Data   2019
  Forecast Units   Value (USD Million)
  Report Coverage   
  Segments Covered   â€¢ By Component (Software and Services) • By Deployment(Cloud and On-Premises) • By Organization Size (Large Enterprises and Small & Medium Enterprises) • By Vertical (BFSI, IT & Telecommunication, Manufacturing, Retail, Government, and Others)
  Geographies Covered   â€¢ North America (US, Canada, and Mexico) • Europe (UK, Germany, France, Italy, and Rest of Europe) • Asia-Pacific (China, Japan, India, Southeast Asia,and Rest of Asia-Pacific) • Middle East & Africa • South America
  Key Vendors   â€¢ BMC Software Inc. • IBM Corporation • CISCO SYSTEMS, INC. • CA Technologies (Broadcom) • Hewlett Packard Enterprise • EMC Corporation (Dell Technologies Inc.) • IgniteTech • ManageEngine (Zoho Corporation) • Solarwinds • Dorado Software • Micro Focus International PLC • Connet inc. • Intelliden • NMsaas • StableNet
  Key Market Opportunities   
  Key Market Drivers   â€¢ Drivers o Network Automation o Time To Market and Return on Investment o Limited Capital Expense and Lower Total Cost of Ownership • Restraint o Reluctance Among Enterprises • Opportunity o Adoption by Managed Service Providers (MSPs) o Leveraging New Capabilities to Drive Innovative Business Solutions • Impact of COVID-19 on the Global Network Configuration and Change Management Market o Increase in Demand Due to Increase in Data and Network Dependent Applications o Increasing CyberSecurity Breaches Amidst the COVID-19 Pandemic (E.g., Solarwinds, FireEye, Twitter, Zoom, Clearview ai, Virgin Media, BigBasket, etc.) o Impact on Enterprise Cybersecurity Expenditure


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Frequently Asked Questions (FAQ) :

The global network configuration and change management market size can touch a value of USD 2,277.9 million by 2026.

The global network configuration and change management market can exhibit a CAGR of 7.6% over the forecast period.

The global network configuration and change management market is driven by the need to prevent misuse of data using access control.

The software segment can gain the larger share of the global network configuration and change management market.

The IT & telecommunication vertical can account for the largest market share in the global network configuration and change management market.

Dorado Software, Cisco Systems, Inc., Alterpoint, Manageengine, BMC Software, EMC Corporation, HP, IBM, Solarwinds, and CA Technologies are key players of the global network configuration and change management market.