Network Management Solutions Market

Network Management Solutions Market Outlook

The network management solutions market is projected to record a CAGR of 9.5% during the forecast period 2022-2032, up from US$ 7 Billion in the year 2022 to reach a valuation of US$ 11 Billion by 2032.

Network management solutions help network administrators to manage both software and hardware components in an enterprise network. These solutions identify, configure, monitor, update, and troubleshoot both wired and wireless network devices in an enterprise network. Its main objective is to achieve an error-free network that has escalated the demand for network management solutions in the last few years.

Network management solutions can be deployed over the cloud or on-premises and can be managed on-site. It allows network engineers to manage both wired components and wireless network elements through a single management console.

What are the Present Dynamics Driving the Global Network Management Solutions Market Share?

The adoption of network management solutions in the manufacturing and utility industries is rising drastically, which is driving its global market. Moreover, the rise in network complexity and connected network devices are the major factors that have also fuelled the demand for network management solutions in the software sector.

However, the high prices of network management tools and the budget constraints of customers could affect the profitability of network management solutions market players to some extent. It would also affect the growth of the global network management solutions market share during the forecast period.

In addition to the lack of proper standards to measure network performance indicators, some discrepancies are observed at the user level, which is expected to hinder the demand for network management solutions until a remedy option is available.

Which Region holds the Highest Growth Potential in the Network Management Solutions Market?

The global network management solutions market share is reported to be gaining traction equally over all geographical regions. However, North America holds the largest share and is projected to grow at a steady rate during the forecast period. The US is particularly at the forefront of the adoption of network management solutions owing to the presence of a large number of software developing companies and end users in the country.

During this time period, the Asia-Pacific region is expected to see strong adoption of network management solutions, as countries such as China, Japan, and India are major hubs of networking technology development.

Recent changes in IT infrastructure, such as cloud computing and virtualization, have significantly increased the demand for network management solutions in the Asia Pacific region with its sprawling IT sector companies. It is used to manage the network infrastructure efficiently, which is sighted to be the main reason for such higher adoption of network management solutions in these regions.

Sudip Saha

Principal Consultant

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How is the Competitive Landscape for the Network Management Solutions Market?

In order to gain higher network management solutions market share, players are developing advanced technologies and launching new products.

There are many players operating in the global network management solutions market, including Accedian, AppNeta, BMC Software, CA Technologies, Cisco, Colasoft, ExtraHop Networks, Extreme Networks, Flowmon Networks, HelpSystems, IBM Corporation, Progress Software Corporation, Juniper Networks, Kaseya, Kentik, LiveAction, ManageEngine, Micro Focus, NETSCOUT, Paessler, Riverbed Technology, SevOne, SolarWinds, and VIAVI Solutions.

Scope Of Report

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Key Segments Profiled in the Network Management Solutions Market

By Solution:

• Network Performance and Monitoring
• SDN Monitoring
• Network Configuration Management
• Log and Event Management
• Others

By Function:

• Fault Management
• Configuration Management
• Performance Management
• Security Management
• Accounting Management
• Others

By Enterprise Size:

• Small and Medium Enterprises (SMEs)
• Large Enterprises

By Industry:

• BFSI
• IT and Telecom
• Government
• Manufacturing
• Healthcare
• Retail
• Energy and Utilities
• Others

By Services:

• Professional Services
• Network Consulting
• Technical Support
• Network Testing
• System Integration
• Installation & Implementation
• Managed Network Services