Network Management Market By Component (Hardware, Software, Service), By Deployment Mode (On-premise, Cloud), By Network Type (LAN, MAN, WAN), By Organization Size (Large Enterprises, Small and Medium-sized Enterprises), By Industry Vertical (BFSI, Manufacturing, Retail, Healthcare, IT and Telecom, Others): Global Opportunity Analysis and Industry Forecast, 2023-2032
Network management is the process of orchestrating network traffic and data flow across the enterprise ecosystem using network monitoring, network security, network automation, and other tools hosted on-premise or on cloud. The primary purpose of network management is to deliver a secure, reliable, and high-performing network to end users, including business users in the enterprise and end customers. Network management was always a crucial part of the IT task list, and it has become even more critical in the wake of COVID-19. Distributed companies primarily rely on network management to keep different enterprise functions and teams connected. Moreover, network management is also responsible for managing data flow in and out of different host environments such as on-premise servers, private clouds, and public cloud platforms.
Factors such as rise in digitalization and increase in adoption of advanced technologies such as IoT across the globe positively impact the growth of the market. In addition, the increase in adoption of network management solution across businesses to enhance operation & productivity is anticipated to propel the growth of the market in future. Furthermore, an increase in investments by top players and a rise in demand for enhanced security solutions are expected to provide lucrative growth opportunities for market expansion during the forecast period. Moreover, the increase in adoption of emerging technologies such as 5G & edge computing and growth in demand for SD-WAN technology are anticipated to provide lucrative growth opportunities for the market in the upcoming years. However, network infrastructure complexity, security threats and costs budget are anticipated to hamper the market growth.
Moreover, advancement of technologies such as artificial intelligence (AI), machine learning (ML), and software-defined networking (SDN) fuel the growth of the market. In addition, growth in hybrid cloud migration, and rise in demand for digital experience monitoring (DEM) are anticipated to propel the growth of the market during the forecast period. Moreover, the surge in demand for enhanced network security are expected to provide lucrative opportunities for the growth of the market during the forecast period.
The network management market is segmented into component, deployment mode, network type, organization size, industry vertical, and region. On the basis of component, it is categorized into hardware, software and services. On the basis of network type, the market is divided into LAN, WAN and MAN. On the basis of deployment mode, it is bifurcated into on-premise and cloud. On the basis of organization size, the market is bifurcated into large enterprises, and small & medium-sized enterprises. On the basis of industry vertical, the market is classified into manufacturing, BFSI, retail, healthcare, IT & telecom and others. On the basis of region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The market players operating in the network management market are Cisco Systems, Inc., IBM Corporation, Microsoft Corporation, juniper Networks, Inc., SolarWinds Corporation, Broadcom Inc., Huawei Technologies Co., Ltd., Hewlett Packard Enterprise, BMC Software, Inc. and Nokia Corporation. These major players have adopted various key development strategies such as business expansion, new product launches, and partnerships, which help to drive the growth of the network management market globally.
Key Benefits for StakeholdersThe study provides an in-depth analysis of the network management market along with the current trends and future estimations to elucidate the imminent investment pockets.
Information about key drivers, restrains, and opportunities and their impact analysis on the network management market size is provided in the report.
The Porter’s five forces analysis illustrates the potency of buyers and suppliers operating in the network management industry.
The quantitative analysis of the global network management market for the period 2022–2032 is provided to determine the network management market potential.
Key Market SegmentsBy Organization SizeLarge Enterprises
Small and Medium-sized Enterprises
By Industry VerticalBFSI
Manufacturing
Retail
Healthcare
IT and Telecom
Others
By ComponentHardware
Software
Service
By Deployment ModeOn-premise
Cloud
By Network TypeLAN
MAN
WAN
By RegionNorth America
U.S.
Canada
Europe
UK
Germany
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Key Market PlayersCisco Systems, Inc.
IBM Corporation
Microsoft Corporation
Juniper Networks, Inc.
Huawei Technologies Co., Ltd.
Hewlett Packard Enterprise (HPE)
BMC Software
SolarWinds Corporation
Broadcom, Inc.
Nokia Corporation
Please Note: It will take 7-10 business days to complete the report upon order confirmation.