|Avaya Inc. (U.S.)|
|Alcatel-Lucent S.A. (France)|
|IBM Corporation (U.S.)|
|Juniper Networks Inc. (U.S.)|
|Cisco Systems Inc. (U.S.)|
|Aruba Network Inc. (U.S.)|
|CA Technologies Inc. (U.S.)|
|Netscout System Inc. (U.S.)|
|LLC. (the U.S.)|
|BMC Software Inc. (U.S.)|
|Market Driving Forces|
|Increased network complexity|
|Growing implementation of virtualization|
|High demand for the cloud|
|Growing demand for network management solutions and services|
Let's get into the inside of the network management market. Starting with the brief definition then it refers to the management of all the computer networks that are prevailing in the region or the country. The network management market comprises solutions and services. These solutions and services contribute to the smooth management of the networks established in the country. There are always factors that affect the growth of the network management Global market, usually, it includes the network complexity that is growing due to overpopulation. Other factors may include just the growing implementation of virtualization that is leading to the transformation into the network management world.
The network management global market is expected to grow at a CAGR of approximately 11.02% during the forecast period 2022-2030.
As per the growing situation of a global pandemic. The network management market has not been severely affected due to the field of the area it is working on. Even in tough times, the network needs to be at its peak. People during this lockdown seamlessly used the internet, because of the distance. The distance made people connect even more than before. The network is held via video calling, normal calls, text messages, etc. As more and more people are on their own, in house web series and movies, what are the most common tasks to perform. Network management was swiftly and efficiently done so that no one would face hindrances in connecting. As the years of 2020 and 2021 are passing by, the Ray of hope of the new normal is beginning to show up. Most probable in the year of 2022 things will get back to normal as the current vaccination process has begun.
The network management market in the global market is growing tremendously. Many factors drive the growth of the market. A few important and major factors are mentioned in this paragraph. The major factors include increased network complexity and also growing implementation of virtualization. The implementation of virtualization is increasing to transform network management. Other factors include high demand for the cloud. Also, there is a growing demand for network management solutions and services from all small and medium enterprises.
The network management market in the global market is growing tremendously. There are various opportunities in the network management global market such as the emergence of artificial intelligence. Another opportunity usually includes the growing need for optimization of business operations. This is the major opportunity that is driving the growth of global network market management. There is an opportunity in the field of usage of IP video data centers and virtualization.
|Market Size||USD 19.97 Billion By 2030|
|CAGR||11.02% From 2022 to 2030|
|Forecast Units||Value (USD Billion)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||By Component, Type|
|Geographies Covered||North America, Europe, Asia-Pacific|
|Key Vendors||Avaya Inc. (U.S.) Alcatel-Lucent S.A. (France) IBM Corporation (U.S.) Juniper Networks Inc. (U.S.) Cisco Systems Inc. (U.S.) Aruba Network Inc. (U.S.) CA Technologies Inc. (U.S.) Netscout System Inc. (U.S.) Solarwinds Worldwide LLC. (the U.S.) BMC Software Inc. (U.S.)|
|Key Market Opportunities||The network management market in the global market is growing tremendously.|
|Key Market Drivers||The major factors include increased network complexity and also growing implementation of virtualization.|
Alcatel-Lucent S.A., Aruba Network Inc., IBM Corporation, Avaya Inc., Cisco Systems Inc., Juniper Networks Inc., and CA Technologies Inc. are the vital players of the market in the study.
The major driving factors of the network management market include amplified network complexity and upward implementation of virtualization.
North America holds the largest share of the market across the globe.
The market will be grabbing a CAGR of approximately 11.02% in the forecast period 2022-2030
As per the study, the market will be growing during the years of 2022 to 2030.