Market Research Future published a research report on “Network Management Market Research Report - Global Forecast to 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023. —
The global network management market is projected to witness a rapid growth during the forecast period owing to increasing emergence of cloud-based technologies and increasing groth in the rate of cybercrimes. Moreover, increasing demand for network management services across various verticals such as BFSI, healthcare, education, media & entertainment, travel & tourism, defense and government is driving the growth of the global Network Management Market.
The global network management market by geography is segmented into North America, Europe, Asia Pacific, and Rest of the World. The North America market is expected to witness a significant growth and hold the largest share of the global market during the forecast period. The U.S and Canada are anticipated to drive the growth of the network management market in North America region owing to the presence of large number of established key players such as Avaya Inc., IBM Corporation, Juniper Networks Inc., Cisco Systems Inc., Aruba Network Inc. and CA Technologies Inc. in this region. Due to the sustainable and well-established economies in the region, the market is likely to show immense growth in the coming future. Additionally, North America also has a well-established infrastructure, which allows a higher penetration of devices and ultimately provides better connectivity. The growth of the market is also attributed to growth in usage of IP video, data centers and virtualization and growing adoption of network management services by large enterprises. In the global network management market, Asia Pacific is anticipated to witness a relatively faster adoption at the highest CAGR during the forecast period as compared to other regions owing to increasing implementation of artificial intelligence across different countries in the region.
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The global network management market is projected to reach USD 9 billion at a CAGR of over 9% by the end of the forecast period 2017-2023.
Taste the market data and market information presented through more than 30 market data tables and figures spread over 100 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Network Management Market Research Report-Forecast to 2023”.
Some of the prominent players in the global network management market are 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. (U.S.), BMC Software, Inc. (U.S.) and Compuware Corporation (U.S.) among others.
The global network management market can be segmented by component, organization size and vertical.
Component-wise, the network management market is segmented into solution and service. The solution segment includes network performance monitoring and management, IP address management, network traffic management, network device management, network configuration management, network security management, and others. The service segment comprises consulting services, integration services, support services, and others.
Based on the organization size, the network management market encompasses small and medium enterprises (SMEs) and large enterprises.
Vertical-based segmentation of the network management market consists banking, financial services and insurance (BFSI), healthcare, education, media & entertainment, travel & tourism, defense, government, and others.
Geographic study of the global network management market includes Asia Pacific (APAC), North America, Europe, and Rest-of-the-World (RoW).
North America accounts for the largest share of the market. The credit goes to its robust infrastructure, readiness to implement the latest technology, reliance on the cloud, and presence of the several market titans.
The APAC is projected to grow with the fastest CAGR during the forecast period. The region is witnessing several countries coming out of the closet and registering huge economic growth. This can be seen as a market influencer. Industries are now integrating the latest technologies to improve their market prospect. Countries such as India, China, and others are evolving with huge potential, and various companies are eyeing for new avenues in this region.
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• Technology 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
• Cloud service providers
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