Network Management Industry - Estimated to Rise Profitably during 2020 - 2023
Posted by AkashMRFR on April 21st, 2020
The global network management market is projected to witness a rapid growth during the forecast period owing to increasing emergence of cloud-based technologies and increasing groth in the rate of cybercrimes. Moreover, increasing demand for network management services across various verticals such as BFSI, healthcare, education, media & entertainment, travel & tourism, defense and government is driving the growth of the Network Management Industry.
The global Network Management Industry by geography is segmented into North America, Europe, Asia Pacific, and Rest of the World. The North America market is expected to witness a significant growth and hold the largest share of the global market during the forecast period. The U.S and Canada are anticipated to drive the growth of the Network Management Industry in North America region owing to the presence of large number of established key players such as Avaya Inc., IBM Corporation, Juniper Networks Inc., Cisco Systems Inc., Aruba Network Inc. and CA Technologies Inc. in this region. Due to the sustainable and well-established economies in the region, the market is likely to show immense growth in the coming future. Additionally, North America also has a well-established infrastructure, which allows a higher penetration of devices and ultimately provides better connectivity. The growth of the market is also attributed to growth in usage of IP video, data centers and virtualization and growing adoption of network management services by large enterprises. In the global Network Management Industry, Asia Pacific is anticipated to witness a relatively faster adoption at the highest CAGR during the forecast period as compared to other regions owing to increasing implementation of artificial intelligence across different countries in the region.
The global network management Global market is projected to reach USD 9 billion at a CAGR of over 9% by the end of the forecast period 2017-2023.
Network Management Market Segmentation
The global network management market is segmented on the basis of the component, organization size and vertical. However, the component segment is classified into solution and service. The solution segment is further classified into professional services and managed services. The managed services segment is expected to grow at a significant rate during the forecast period. Increasing adoption of network management from enterprises is majorly driving the growth of network management market. This is owing to the improved timeliness and lesser costs and availability of corporate communications.
Market Research Analysis
North America is estimated to account for the largest share of the market, whereas Europe market is projected to grow at the fastest rate during the forecast period. The market in North America is witnessing a rapid growth due to technological advancements and increasing demand for network services across different industry verticals in this region. The U.S. holds the majority of market share both in terms of revenue as well as owing to the emergence of artificial intelligence.
Some of the prominent players in the global Network Management Industry are Avaya Inc. (U.S.), Alcatel-Lucent S.A. (France), IBM Corporation (U.S.), Juniper Networks Inc. (U.S.), Cisco Systems Inc. (U.S.), Aruba Network Inc. (U.S.), CA Technologies Inc. (U.S.), Netscout System, Inc. (U.S.), Solarwinds Worldwide, LLC. (U.S.), BMC Software, Inc. (U.S.) and Compuware Corporation (U.S.) among others.
TABLE OF CONTENTS
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
4 Market Landscape
4.1 Five Forces Analysis
4.1.1 Threat Of New Entrants
4.1.2 Bargaining Power Of Buyers
4.1.3 Threat Of Substitutes
4.1.4 Segment Rivalry
4.2 Value Chain/Supply Chain Of Global Network Management Market
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune - 411028
+1 646 845 9312Also See: Network Management, Management Industry, Global Network, North America, Research, Network, Market
Dan O'Day's Radio and Voiceover Tools
Shop now for radio & voice overs. CDs, DVDs, books, mp3 training for program directors, production, imaging, sales, management, air talent from DanODay.com.