Valued at US$ 77 Billion in FY2022, the unified network management market is forecast to reach US$ 86.27 Billion in 2023. From 2023 to 2033, a CAGR of 12.04% is predicted for the industry. By the end of the said period of assessment, sales are expected to generate US$ 268.89 Billion in revenue. Demand is expected to proliferate due to rising usage of connected devices and complex servers to conduct daily business and commercial operations.
A unified network integrates wireless and wired components sharing services and network elements where viable, rather than prevailing as two distinct networks. Unified network management offerings make mutual network functions controllable from a single support. These unified network management functions include provisioning, planning, arranging, monitoring (such as security, performance, and integrity monitoring), logging handling exceptions, and reporting.
The unified network management console also comprises of essentials that are distinctive to wireless management, including spectrum management and monitoring, connection reliability, tracking and location functionality, and other relevant security issues. Unified networking management follows an industry trend as a way to deal with an increasingly mobile workforce accessing corporate networks remotely through a variety of devices, including tablets and smartphones as well as desktop computers and notebooks.
When network management functions are separated, understanding service impact is challenging. It takes an inordinate amount of time swivelling from tool to tool to troubleshoot and remediate network issues. Hence, unified network management solutions are being deployed across all major end-use industries. Following the trend of network convergence, unified management can be applied in various networking scenarios, thus simplifying network roll-out through centralized deployment and auto-discovery capabilities, and network operation via advanced correlation rules and end-to-end performance management.
| Data Points | Key Statistics |
|---|---|
| Market Value of Unified Network Management in 2022 | US$ 77 Billion |
| Expected Market Value of Unified Network Management in 2023 | US$ 86.27 Billion |
| Projected Value of the Unified Network Management Market in 2033 | US$ 268.89 Billion |
| Global Growth Rate (2023 to 2033) | 12.04% CAGR |
Unified network management is especially finding applications in mitigating cybersecurity risks and threats. This unified threat management involves deployment and management of antivirus software, content filtering, email and web filtering and developing anti-spam frameworks. In today’s virtual landscape, cybercrime is on the rise, with over 75% of them beginning via emails. As of 2020, the USA Federal Bureau of Investigation received over 15,000 internet crime complaints related to tech support fraud, from victims across 60 countries. Recent cybersecurity incidents show that it’s not just user data cybercriminals are after. Instead, they’re wreaking havoc on infrastructures like hospitals, pipelines, meatpacking plants, and water supply centres.
It is anticipated that by 2025, global cybercrime costs are anticipated to rise by 15% annually, reaching US$ 10.5 Trillion. Out of all industries, healthcare is expected to be the most important area for cybercrime and threat detection, with expenditures expected to reach US$ 125 Billion over the next half-a-decade. Thus, the need for unified network management frameworks to mitigate threats will rise phenomenally across the healthcare sector.
While North America will retain the top spot in unified network management, Asia Pacific is expected to generate a plethora of opportunities for key service providers. This is because a large part of businesses across industries are outsourced from the West to Asia, especially to China and India. Naturally, organizations have beefed up their network management frameworks, requiring deployment of advanced unified network management solutions.
Today’s networks need to support more traffic than ever. Employees access corporate data from desktops and mobile devices. Internet of Things devices proliferate everywhere on premises. Hence, risks of increased maintenance of servers, poor network connectivity, configuration issues and security compromises are expected to become prevalent. This is one major factor which is likely to stymie expansion of the unified network management industry.
Unified network integrates wireless and wired components and share services and network elements where viable, rather than prevailing as two distinct networks. Unified network management offerings make mutual network functions controllable from a single support. These unified network management functions include provisioning, planning, arranging, monitoring (such as security, performance, and integrity monitoring), logging handling exceptions, and reporting.
The unified network management console also comprises of essentials that are distinctive to wireless management, including spectrum management and monitoring, connection reliability, tracking and location functionality, and other relevant security issues. Unified networking management follows an industry trend as a way to deal with an increasingly mobile workforce accessing corporate networks remotely through a variety of devices, including tablets and smartphones as well as desktop computers and notebook.
The major factors driving the growth of unified network management market are better cyber security, disposable incomes, and increasing advancement in analytics technologies. Unified networking management solutions are basically executed by businesses for their marketing events owing to which services such as consulting services and training & support is required.
The consulting services that solution vendors provide to SMEs and enterprises assist them in attaining a clear understanding of networking advanced solutions, besides with enhanced management of unified networking management platforms. Unified networking services are majorly offered by technical experts, who support the smooth system integration.
These kind of services are likely to have significant demand during the forecasted year attributed to the development of unified networking management platforms. On the other hand, major factor restraining the growth of unified network management market is high cost of solutions, as these solutions cost varied in terms of various end-use applications.
Regarding geography, unified network management market has been categorized into seven key regions including North America, Western Europe, Eastern Europe, Asia Pacific excluding Japan, Japan, Latin America, and the Middle East & Africa.
The unified network management market is expected to register healthy CAGR during the forecast period. North America is experiencing the rapid increase in the production unified network management as a demand for unified network management in wide range of verticals such as BFSI, high-tech and telecom, retail and consumer goods, government, travel and hospitality, healthcare, education, media and entertainment in the region is rising at faster pace. The North American region has been an early adopter of networking management services and solutions.
The unified network management market is projected to register healthy growth due growth owing to increasing demand of unified network management in consulting services and technological advancement in information & technology sector across the globe. Unified network management market for Asia Pacific is also expected to witness steady growth during the forecast period primarily attributed to the growth of unified management technologies coupled with demand for customization in offerings, especially in China and India.
Some of the key players identified in the unified network management market are:-
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The unified network management market is segmented into six parts based on the deployment type, service type, by solution type, end-users type, application type, and geography.
The unified network management market is forecast to grow at a 12.04% CAGR from 2023-2033
As of 2022, demand for unified network management stood at US$ 77 Billion
As of 2023, unified network management is expected to accumulate a valuation of US$ 86.27 Billion
By 2033, unified network management revenue is expected to total US$ 268.89 Billion, as per Future Market Insights
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Unified Network Management Market
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