Network Management Solutions Market Statistics: 2031
The global network management solutions market size was valued at $7.1 billion in 2021, and is projected to reach $18 billion by 2031, growing at a CAGR of 9.9% from 2022 to 2031.
Surge of SDN across enterprises and increase in demand for network security is boosting the global market growth. However, availability of free network management tools and low budget restrictions is hampering the network management solution market growth. On the contrary, rise in demand of network management solutions across SMEs and cloud-based NMS is expected to offer remunerative opportunities for expansion during the network management solution market forecast.
Network management solution is used to equip, detect, supervise and sustain computer networks. Network management is crucial for configuration management and ensure regulatory standards of the network. Network management solution enables the solution to assure network changes are validated in a coordinated and controlled manner. Moreover, it also allows the solution to enlist the installed solution on nodes besides details such as versions and install dates. Furthermore, it also uses data collected from nodes to identify security risks associated with IT environment.
The network management solutions market is segmented into by component, by deployment mode, organization size, industry vertical, and region. By component, it is bifurcated into solutions and services. By deployment mode, it is segregated into cloud and on-premises. By industry vertical, it is segregated into BFSI, IT & telecom, manufacturing, healthcare, government, retail, transportation & logistics, others. By enterprise size it is categorized into small to medium enterprise and large-scale enterprise. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key network management solutions market players such as CA Technology, Cisco, Cubro Network Visibility, Ericsson, Huawei, IBM Corporation, Juniper Networks, Kaseya Co. Ltd., Live Action, Manage Engine, Micro Focus, NETSCOUT Systems, Nokia, Pasessler, Progress, and Zoho Corporation. These major players have adopted various key development strategies such as business expansion, new product launches, and partnerships, which propel growth of the Network Management Solutions Industry globally.
On the basis of component, the solution segment captured the largest network management solutions market share in 2021, and is expected to continue this trend throughout the forecast period as it helps network admins to gain a comprehensive view into their network resources such as routers, servers, and access points. However, the services segment is expected to witness the highest share in the upcoming years. This is attributed to numerous advantages offered by services provided such as speeding up solution implementation, maximize the value of existing installation by optimizing it, and minimize the deployment cost & risks, and others.
Region wise, North America dominated the network management solutions market share. The widespread deployment of management systems to monitor attacks on mission-critical communication networks are anticipated to provide lucrative growth opportunities for the sports management solution market in North America. However, Asia-Pacific is expected to exhibit highest growth during the forecast period. This is attributed to rapid technological advancements, digitization of economies, and government initiatives increased expandable income among the region's middle-income population.
Top Impacting Factors
Surge of SDN across enterprise
SDN is a new paradigm shift that supports dividing the data plane and control plane, reducing network devices like switches and routers in the data plane to simple packet forwarders that can be logically controlled by a centralized solution program. The entire network's behavior is managed by this program. Networks on campuses, in branches, and in data centers have all adopted SDN to a large extent. Businesses have demonstrated a considerable interest in SD-WAN and Solution-Defined Data Center. The underlying solution-defined platform takes the place of every traditional component of a data center, including computer, networking, and storage. The result is an overabundance of virtual machines (VMs), hypervisors, x86 servers, and containers on the network infrastructure.
Increase in Demand for Network Security
The network management solutions market is being driven by expansion of in-depth visibility into network security. Surge in demand for maintaining quality of services and quality of experience is a major factor driving the market growth. Rise in demand for better optimization of business operations propels demand for market. Other significant factors such as increase in internet penetration and government’s digitization strategy in both developing as well as developed countries propel growth of network the management solutions market.
Another vital factor include surge in number of mobile users that accelerate growth of the network management systems market. Furthermore, emerging demand from digital economy to manage and control network functions with the purpose of providing excellent services influence the network management systems market, which is expected to provide lucrative opportunities for the market growth in the future.
Impact of COVID-19
COVID 19 outbreak has significantly impacted the network management solution market. COVID 19 has exposed the vulnerabilities of many industries, especially those which are highly dependent on China to fulfill the demand of raw materials as well as finished products. COVID 19 has disrupted the supply chains. It also severely impacted the global economy due to shutdown of manufacturing and production across the globe.
However, this pandemic elevated data traffic. A huge population have turned towards internet and online learning and working. This has increased demand for better network management. Thus, various enterprises are deploying the network management solution widely for the data protection and optimization of complex network processes.
Key Benefits for Stakeholders
- This report provides a quantitative analysis of the network management solutions market forecast, current trends, estimations, and dynamics of the network management solutions market analysis from 2021 to 2031 to identify the prevailing network management solutions market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the network management solutions market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global network management solutions market trends, key players, market segments, application areas, and market growth strategies.
Network Management Solutions Market Report Highlights
| Aspects | Details |
 By Component |
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 By Deployment Model |
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 By Enterprise Size |
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 By Industry Vertical |
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 By Region |
|
 Key Market Players | ERICSSON, NetScout Systems, Inc., Juniper Networks Inc., IBM, ZOHO CORPORATION, LiveAction, Kentik, Hewlett Packard Enterprise Company, Cisco Systems Inc., Oracle Corporation, Nokia Corporation, Broadcom Corp, BMC Software, eG Innovations, Dell Technologies Inc., HUAWEI, Viavi Solutions Inc., Network Visibility |
Analyst Review
According to insights of various CXOs of leading companies, the network management solutions market is witnessing high growth in recent years. Various enterprises are adopting network management software for reducing burden of managing complex networks. Presently, adoption of network management software is on the rise to aid companies get clear insights in the network performance, operational efficiency, bandwidth and other challenges.
Moreover, these solutions reduce operational costs by identifying optimal routes for providing accurate insights over flow of data and interconnecting. Other significant factors such as increase in internet penetration and digitization strategies of governments in both developing as well as developed countries will cushion the growth rate of network management solutions market. In addition, the increased deployment of SDN across enterprises further propels the market growth.
For instance, May 2022, Ericsson and Intel launched a Tech Hub, which helps Ericsson cloud hub RAN and Intel to enhance their energy efficiency and network performance and reduce time to market. Moreover, in the same month, LiveAction launched a new partner portal that allows the company’s partner community to work more efficiently and effectively. It enables or provides their agents to manage and train their orders pipeline
Furthermore, surge of SDN across enterprises and increase in demand for network security is boosting the growth of the global network management solution market. However, availability of free network management tools and low budget restrictions is hampering the network management solution market growth.
Region wise, North America dominated the market share. The widespread deployment of management systems to monitor attacks on mission-critical communication networks are anticipated to provide lucrative growth opportunities for the sports management solution market in North America.
The global network management solution market was valued at $7120 million in 2021, and is projected to reach at $18021.8 million by 2031, growing at a CAGR of 9.9% from 2021 to 2031.
Key market players in network management solution market CA Technology, Cisco, Cubro Network Visibility, Ericsson, Huawei, IBM Corporation, Juniper Networks, Kaseya Co. Ltd., Live Action, Manage Engine, Micro Focus, NETSCOUT Systems, Nokia, Pasessler, Progress, and Zoho Corporation. These major players have adopted various key development strategies such as business expansion, new product launches, and partnerships, which propel growth of the network management solution market globally.
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