What is Network Management Solution Market?
The network consists of a vast number of computers and phones connected to each other. Network management is used to monitor, maintain and provision computer networks and helps to keep track of network bandwidth, availability and performance of the network. It may be used to monitor both software and hardware components in a network. It usually records data from a network's remote points to carry out central reporting to a system administrator.
The market study is being classified by Type (Network Performance And Monitoring, Cloud Monitoring, Virtual Monitoring, SDN Monitoring, Network Configuration, Log And Event Management and Others(IP address management and VoIP monitoring)), by Application (IT and Telecom, Manufacturing Industry, Retail Industry, Energy and Utilities and Others) and major geographies with country level break-up.
IBM Corporation (United States), Accedian Networks Inc. (Canada), Cisco (United States), Huawei (China), Nokia (Finland), SolarWinds (United States), CA Technologies (Broadcom) (United States), NETSCOUT (United States), AppNeta (United States), BMC Software (United States), Broadcom Inc. (United States), Ericsson (Sweden), ExtraHop Networks (United States) and Extreme Networks (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Flowmon Networks (Czech Republic), HGGC (United States), Progress Software (United States) and Juniper Networks (United States).
Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Network Management Solution market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Network Management Solution market by Type, Application and Region.
On the basis of geography, the market of Network Management Solution has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- The Emergence of Hybrid IT and Telecom Infrastructure
- Growing Demand for Better Optimization of Business Operations
- Increasing Need for Maintaining QoE and QoS
Market Trend
- The Prominence of IoT and 5G Technology
Restraints
- Availability of Free Network Management Tools
Opportunities
- Rapid Growth in the IP Traffic and Cloud Traffic Globally
- Growing Demand for Network Management Solution Across SMEs
Challenges
- Lack of Awareness to Select Network Management Solution as Per Business Needs
- Low Budget Constraints in both Developing and Underdeveloped Nations
Market Leaders and some development strategies
In February 2019, Cisco acquired Singularity Networks, a network infrastructure analytics company. With the acquisition, Cisco would be able to provide improved network performance, cost efficiency, more visibility, and less downtime to its clients.
In July 2019, NETSCOUT introduced Arbor Threat Analytics (ATA), the industry’s first Network-Based Threat Detection and Analytics Platform, to provide full visibility into today’s multi-cloud environments.