Global Network Management Market size was valued at US$ 8.56 Bn. in 2021, Software Component is the dominating segment in the Network Management Market.
Network Management Market Overview
The market overview of the Network Management industry focuses on the detailed dynamics of the market, including aspects such as industry rivalry. The report provides comprehensive market revenue forecasts at the global, regional, segment, and national levels. A key highlight of the report is the sales forecasting for each segment and region.
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Network Management Market Report Scope and Research Methodology
The research methodology employed in the report on the Network Management Market incorporates both primary and secondary research methods. Primary research involves data collection directly from the market via surveys, interviews, and observations. In contrast, secondary research entails gathering data from published sources, such as industry reports, company websites, and news articles
The analysis serves as a guide for stakeholders, investors, market players, followers, and new entrants, offering a comprehensive view of the Network Management market. This information aids in formulating investment approaches and marketing tactics. The bottom-up approach was utilized to estimate the size of the Network Management market. The approach involves aggregating data from individual segments to arrive at a total market size estimate.
Network Management Market Regional Insights
The market is segmented by region into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. Additionally, the report identifies the top countries in each region and provides market forecasts for each one.
Network Management Market Segmentation
The Network Management Market is divided into Software and Services based on Component. In 2020, 59% of the market was accounted for by the software category. 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.
During the forecast period, the service segment is anticipated to increase significantly at a CAGR of 8.76%. The management decision growth for this category is driven by rising demand for network management training and consulting services in organisations combined with minimal investment to enhance network management capabilities.
Based on the Organisation Size, the Network Management Market is segmented into SMEs and Large Enterprises. The SMEs segment held the largest market share accounted for 53% in 2020. The SMEs business benefit from network management services to have the latest device and software updates, monitor the well-being of devices, and safeguard security. The increasing demand for lower costs in the management processes, enhanced employee engagement and productivity, and the future scalability potential of small and medium-sized enterprises (SMEs), resulting in rapid product demand.
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Network Management Market Key Players
• IBM Corporation
• Huawei
• Juniper Networks
• Solar winds
• CA Technologies
• NETWCOUT
• Riverbed Technology
• BMC Software
• Micro Focus
• Flowmon Networks
• Manage Engine
• Live Action
• Ericsson
• Extreme Networks
• eG Innovations
• Opmantek
• Cubro Network Visibility
• Paessler AG
• ColaSoft
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Key questions answered in the Network Management Market are:
- What is Network Management?
- What are the factors driving the Network Management Market growth?
- What are the factors are limiting the Network Management Market growth?
- What was the Network Management market size in 2021?
- Which trends are expected to generate additional revenue for the Network Management market growth?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Network Management Market?
- What growth strategies are the players considering to increase their foothold in the Network Management Market?
- Who held the largest market share in the Network Management Market?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2021)
- Past Pricing and price curve by region (2018 to 2021)
- Market Size, Share, Size & Forecast by different segment | 2022−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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