Network Management Market Overview:
The Network Management Market analysis provides a full insight into the competition, including the market share and company profiles of the key worldwide rivals. The scope of the research covers a thorough investigation of the Network Management Market, as well as the causes for variances in the industry’s growth in different regions.
The Network Management Market size was valued at US$ 9.34 Bn. in 2022, and expected to reach US$ 17.31 Bn during the forecast period.
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Market Scope:
Following the completion of market engineering, which comprised market statistics calculations, estimations of market size, market projections, market breakdown, and data triangulation, major primary research was conducted to obtain information and verify and validate critical numbers. Top-down and bottom-up strategies, as well as several data triangulation procedures, were often used throughout the market engineering process to perform market estimating and forecasting for the overall market segments and sub-segments discussed in this research. In order to give vital information throughout the report, extensive qualitative and quantitative analysis is done on all data gathered throughout the market engineering process.
Segmentation:
by Component
Software
Services
The Network Management Market is divided into Software and Services based on Component. 59% of the market was accounted for by the software sector in 2022. In an increasingly digital environment, software network administration is scalable for network structures of all sizes. This system is utilised to centrally manage, organise, and monitor industrial networks, including security-related sectors. This system is what drives the market growth for network management in this sector.
by Deployment
Cloud
On-premise
The Network Management Market is divided into Cloud and On-premise based on Deployment. The On-premise Deployment segment, which accounted for 57% of the market in 2022, held the biggest market share and is anticipated to expand at a CAGR of 9.1% throughout the projected period. The global network management market for this sector is growing as more organisations embrace on-premise network management software.
by Organisation
Size SMEs
Large Enterprises
The Network Management Market is divided into SMEs and Large Enterprises based on Organisation Size. In 2022, the SMEs market segment accounted for 53% of the total market. Network management services help SMEs stay up to date on hardware and software, keep an eye on the health of their equipment, and maintain security. Rapid growth in product demand is a result of the growing desire for lower management process costs, improved employee productivity, and future scalability possibilities of small and medium-sized firms (SMEs).
by End-User
Aerospace and Defense
BFSI
Healthcare and Pharmaceutical
Government
Retail and E-commerce
IT and Telecommunications
Others
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Key Players:
Primary and secondary research is used to identify market leaders, and primary and secondary research are used to calculate market revenue. In-depth interviews with important thought leaders and industry professionals such as experienced front-line staff, CEOs, and marketing executives were conducted as part of the primary study. Primary research comprised in-depth interviews with key thought leaders and industry professionals such as experienced front-line staff, CEOs, and marketing executives, while secondary research included a review of the main manufacturers’ annual and financial reports. Secondary data is used to determine percentage splits, market shares, growth rates, and worldwide market breakdowns, which are then cross-checked with primary data.
• The biggest players in the Network Management Market are as follows:
1. IBM Corporation
2. Huawei
3. Juniper Networks
4. Solar winds
5. CA Technologies
6. NETWCOUT
7. Riverbed Technology
8. BMC Software
9. Micro Focus
10.Flowmon Networks
11.Manage Engine
12.Live Action
13.Ericsson
14.Extreme Networks
15.eG Innovations
16.Opmantek
17.Cubro Network Visibility
18.Paessler AG
19.ColaSoft
Regional Analysis:
Individual market influencing components and changes in market regulations affecting the present and future market trends are also included in the regional overview of the Network Management Market analysis. Current and future trends are researched in order to assess the entire market potential and identify profitable patterns in order to get a stronger foothold. The geographical market assessment is based on the present environment and expected developments.
COVID-19 Impact Analysis on Network Management Market:
End-user industries where Network Management Market is utilized saw a dip in growth from January 2020 to May 2020 in a number of countries, including China, Italy, Germany, the United Kingdom, the United States, Spain, France, and India, due to a pause in operations. This resulted in a significant decrease in the revenues of businesses working in these industries and, as a result, in demand for Network Management Market manufacturers, influencing the development of the Network Management Market in 2020. End-user business demand for Network Management Market has declined significantly as a result of lockdowns and an increase in COVID-19 events worldwide.
Key Questions Answered in the Network Management Market Report are:
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In 2021, which segment held the highest proportion of the Network Management Market?
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What is the Network Management Market’s competitive landscape?
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What are the primary drivers assisting the Network Management Market growth?
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Which region has the most market share in the Network Management Market?
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What will be the Network Management Market’s CAGR throughout the projected period?
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