Overview and Scope
Network configuration and change management is the process of controlling modifications to network hardware and configurations to guarantee security, stability, and adherence to industry and organizational standards. This discipline involves automating changes, reducing network downtime, backing up and restoring network device configurations, and meeting compliance standards.
Sizing and Forecast
The network configuration and change management market size has grown rapidly in recent years. It will grow from $1.72 billion in 2023 to $1.91 billion in 2024 at a compound annual growth rate (CAGR) of 10.5%. The growth in the historic period can be attributed to increasing complexity of network environments, Growing security concerns, rise of digital transformation, need for operational efficiency, growth of remote workforce, rise of devOps and agile practices.
The network configuration and change management market size is expected to see rapid growth in the next few years. It will grow to $2.87 billion in 2028 at a compound annual growth rate (CAGR) of 10.8%. The growth in the forecast period can be attributed to increasing adoption of cloud-based infrastructure, Emphasis on zero trust security models, proliferation of internet of things (IoT) devices, expansion of edge computing, focus on network automation and orchestration. Major trends in the forecast period include cloud-native solutions, zero trust security, network performance optimization, edge computing management, enhanced visibility and analytics.
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Segmentation & Regional Insights
The network configuration and change management market covered in this report is segmented –
1) By Component: Software, Services
2) By Deployment Mode: Cloud, On-Premises
3) By Organization Size: Large Enterprise, Small And Medium Enterprise
4) By Verticals: Banking, Financial Services And Insurance, Telecommunication And Information Technology, Manufacturing, Retail, Government
North America was the largest region in the network configuration and change management market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the network configuration and change management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The growing cybersecurity threats are expected to propel the growth of the network configuration and change management market going forward. Cybersecurity threats refer to the prevalence and sophistication of malicious activities, attacks, and vulnerabilities targeting digital systems, networks, and data. The increase in cybersecurity threats is due to technological advancements, economic incentives, human factors, and a lack of security awareness among individuals. Network configuration change management is vital for cybersecurity, enabling quick identification of changes, preventing unauthorized alterations, and aiding incident response efforts. For instance, in November 2022, according to the Australian Cyber Security Centre, an Australia-based cyber security agency, the number of cyberattack reports received in 2022 was 76,000, an increase of 13% from 2021. Therefore, the growing cybersecurity threats are driving the growth of the network configuration change management market.
Key Industry Players
Major companies operating in the network configuration and change management market report are Huawei Technologies Co. Ltd.; Accenture Plc; Cisco Systems Inc.; Broadcom Inc.; Nokia Corporation; Palo Alto Networks Inc.; Juniper Networks Inc.; Fortinet Inc.; Arista Networks Inc.; Citrix Systems Inc.; Splunk Inc.; F5 Networks Inc.; Check Point Software Technologies Ltd.; Extreme Networks Inc.; Zscaler Inc.; Netscout Systems; SolarWinds Worldwide LLC; Riverbed Technology Inc.; Gigamon Inc.; FireEye Inc.; Radware Ltd.; A10 Networks Inc.; Blue Coat Systems; Silver Peak Systems Inc.; Opengear Inc.
The network configuration and change management market report table of contents includes:
1. Executive Summary
2. Network Configuration And Change Management Market Characteristics
3. Network Configuration And Change Management Market Trends And Strategies
4. Network Configuration And Change Management Market – Macro Economic Scenario
5. Global Network Configuration And Change Management Market Size and Growth
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31. Network Configuration And Change Management Market Other Major And Innovative Companies
32. Global Network Configuration And Change Management Market Competitive Benchmarking
33. Global Network Configuration And Change Management Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Network Configuration And Change Management Market
35. Network Configuration And Change Management Market Future Outlook and Potential Analysis
36.Appendix
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