Network Management Market
PUBLISHED: 2024 ID: SMRC27831
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Network Management Market

Network Management Market Forecasts to 2030 - Global Analysis by Component (Platform, Solutions and Services), Deployment Mode (On-Premises, Cloud and Hybrid), Organization Size, Service Provider, End User and By Geography

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4.9 (27 reviews)
Published: 2024 ID: SMRC27831

This report covers the impact of COVID-19 on this global market
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According to Stratistics MRC, the Global Network Management Market is accounted for $11.4 billion in 2024 and is expected to reach $21.7 billion by 2030, growing at a CAGR of 11.2% during the forecast period. The process of overseeing, maintaining, and managing network infrastructure to guarantee peak performance, security, and dependability is known as network management. Network configuration, fault detection, performance monitoring, and security management are among the tasks it includes. To stop outages, fix vulnerabilities, and guarantee smooth data flow, network administrators manage network resources using tools and protocols.  

According to Dataquest's analysis of the router marketplace, remote-access routers constitute more than 35% of the router market.

Market Dynamics:

Driver: 

Rapid expansion of digital services

The rapid expansion of digital services is a key driver for the network management market. As businesses increasingly adopt cloud computing, IoT, and 5G technologies, the complexity of managing networks grows. This drives demand for advanced network management systems that can optimize performance, ensure reliability, and enhance security. Additionally, the rise in data traffic and connected devices requires solutions that can handle large-scale network operations efficiently, further fueling the need for network management tools.

Restraint:

High implementation costs

Deploying and maintaining sophisticated network management systems requires substantial financial investment, particularly for small and medium-sized enterprises (SMEs). The costs associated with hardware, software, and skilled personnel can be prohibitive. Moreover, ongoing expenses for system upgrades and cybersecurity measures add to the financial burden. These high costs may deter some organizations from adopting comprehensive network management solutions, limiting market growth.

Opportunity:

Growth of 5G and IoT

The growth of 5G and IoT presents a significant opportunity for the network management market. As these technologies become more widespread, they introduce new complexities in managing vast networks of interconnected devices. Network management systems will be crucial in ensuring seamless communication between IoT devices and optimizing the performance of 5G networks. The ability to monitor and manage these advanced technologies in real-time will drive demand for innovative solutions that can handle increased data traffic and ensure network reliability.

Threat:

Rising cybersecurity threats

Rising cybersecurity threats are a growing concern within the network management market. As networks become more complex and interconnected, they become more vulnerable to cyberattacks. Hackers target weak points in network infrastructure to steal data or disrupt operations. This increases the need for robust security features within network management systems. However, the constant evolution of cyber threats requires continuous updates and improvements, adding pressure on vendors to stay ahead of potential risks while maintaining system integrity.

Covid-19 Impact: 

The Covid-19 pandemic significantly accelerated the adoption of remote work and digital services, leading to increased demand for network management systems. Organizations required reliable solutions to manage remote access and ensure secure communication across distributed networks. This surge in digital transformation created opportunities for vendors offering cloud-based and automated network management tools. However, budget constraints during the pandemic also led some companies to delay investments in new technologies, slightly tempering overall market growth.

The solutions segment is expected to be the largest during the forecast period

The solutions segment is projected to account for the largest market share during the forecast period due to its critical role in managing complex communication infrastructures. Network management solutions enable real-time monitoring, troubleshooting, and optimization of networks across various industries. As organizations increasingly rely on digital operations, these solutions help ensure seamless connectivity and prevent costly downtimes. Their ability to enhance operational efficiency makes them indispensable for businesses seeking to maintain competitive advantage in an increasingly connected world.

The cloud segment is expected to have the highest CAGR during the forecast period

The cloud segment is projected to have the highest CAGR in the network management market during the extrapolated period due to its flexibility and scalability advantages over traditional on-premise solutions. Cloud-based network management allows organizations to monitor their networks remotely without requiring significant hardware investments or maintenance costs. This accessibility is particularly appealing as businesses expand their digital operations globally. The growing adoption of cloud technologies across industries will continue driving demand for cloud-based network management solutions.

Region with largest share:

The North America region is expected to hold the largest share of the market during the forecast period due to its advanced IT infrastructure and high adoption rates of new technologies such as 5G, IoT, and cloud computing. The presence of major technology companies and strong investments in digital transformation initiatives further contribute to this dominance. Additionally, North America's focus on enhancing cybersecurity measures drives demand for sophisticated network management systems that can ensure secure and efficient operations across industries.

Region with highest CAGR:

The Asia Pacific region is expected to register the highest growth rate over the forecast period due to rapid industrialization and increasing investments in smart infrastructure projects across countries like China and India. The region's growing population of internet users and widespread adoption of mobile technologies are creating a surge in data traffic that necessitates efficient network management solutions. Additionally, government initiatives aimed at expanding telecommunications networks are further boosting demand for advanced network monitoring tools in this region.

Key players in the market

Some of the key players in Network Management Market include Cisco Systems, IBM, Microsoft, HPE, Broadcom, Huawei, Nokia, Juniper Networks, SolarWinds, BMC Software, Oracle, Splunk, Dynatrace, Datadog, Siemens, and Riverbed Technology.

Key Developments:

In November 2024, Cognizant and IBM announced the debut of a new FinOps Center of Excellence (CoE), built on IBM’s leading FinOps software and Cognizant’s cloud and developer platforms. The global innovation center harnesses the strengths of Cognizant’s industry and technology expertise, combined with IBM solutions, to help global clients address challenges, including escalating costs, around AI readiness, cloud governance and architecture modernization.

In September 2024, Hewlett Packard Enterprise announced the expansion of HPE Aruba Networking Central, its security-first, AI-powered network management solution, with new AI insights and capabilities that include integration of OpsRamp for third-party network device monitoring of industry vendors such as Cisco, Juniper Networks, and Palo Alto Networks.

In September 2024, Airtel Business, the B2B arm of Bharti Airtel (Airtel), and Cisco, the worldwide leader in networking and security, launched Airtel Software-Defined (SD) Branch — a simple, secure, cloud-based, end-to-end-managed network solution for enterprises. Powered by the Cisco Meraki cloud-first platform, Airtel SD-Branch will enable the unified management of networks across LAN, WAN, security and connectivity over multiple branch locations, helping enterprises to simplify their network management, enhance application performances and provide greater flexibility and control over the entire branch network infrastructure.

Components Covered:
• Platform
• Solutions
• Services

Deployment Modes Covered:
• On-Premises
• Cloud
• Hybrid

Organization Sizes Covered:
• Large Enterprises
• Small & Medium Enterprises (SMEs)

Service Providers Covered:
• Telecom Service Providers (TSPs)
• Cloud Service Providers (CSPs)
• Managed Service Providers (MSPs)
• Internet Service Providers (ISPs)
• Data Center Service Providers

End Users Covered:
• IT & Telecommunications
• BFSI
• Healthcare
• Manufacturing
• Retail & E-commerce
• Government & Defense
• Energy & Utilities
• Transportation & Logistics
• Media & Entertainment
• Education
• Other End Users

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan        
o China        
o India        
o Australia  
o New Zealand
o South Korea
o Rest of Asia Pacific    
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa 
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings: 
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary       
        
2 Preface
      
 2.1 Abstract      
 2.2 Stake Holders      
 2.3 Research Scope      
 2.4 Research Methodology      
  2.4.1 Data Mining     
  2.4.2 Data Analysis     
  2.4.3 Data Validation     
  2.4.4 Research Approach     
 2.5 Research Sources      
  2.5.1 Primary Research Sources     
  2.5.2 Secondary Research Sources     
  2.5.3 Assumptions     
        
3 Market Trend Analysis       
 3.1 Introduction      
 3.2 Drivers      
 3.3 Restraints      
 3.4 Opportunities      
 3.5 Threats      
 3.6 End User Analysis      
 3.7 Emerging Markets      
 3.8 Impact of Covid-19      
        
4 Porters Five Force Analysis       
 4.1 Bargaining power of suppliers      
 4.2 Bargaining power of buyers      
 4.3 Threat of substitutes      
 4.4 Threat of new entrants      
 4.5 Competitive rivalry      
        
5 Global Network Management Market, By Component       
 5.1 Introduction      
 5.2 Platform      
 5.3 Solutions      
  5.3.1 Network Performance & Monitoring     
  5.3.2 Network Configuration Management     
  5.3.3 Network Traffic Management     
  5.3.4 Network Security Management     
  5.3.5 Cloud Network Management     
  5.3.6 IP Address Management     
  5.3.7 Software-Defined Network (SDN) Monitoring     
  5.3.8 Log & Event Management     
 5.4 Services      
  5.4.1 Consulting     
  5.4.2 Integration & Deployment     
  5.4.3 Training, Support & Maintenance     
        
6 Global Network Management Market, By Deployment Mode       
 6.1 Introduction      
 6.2 On-Premises      
 6.3 Cloud      
 6.4 Hybrid      
        
7 Global Network Management Market, By Organization Size       
 7.1 Introduction      
 7.2 Large Enterprises      
 7.3 Small & Medium Enterprises (SMEs)      
        
8 Global Network Management Market, By Service Provider       
 8.1 Introduction      
 8.2 Telecom Service Providers (TSPs)      
 8.3 Cloud Service Providers (CSPs)      
 8.4 Managed Service Providers (MSPs)      
 8.5 Internet Service Providers (ISPs)      
 8.6 Data Center Service Providers      
        
9 Global Network Management Market, By End User       
 9.1 Introduction      
 9.2 IT & Telecommunications      
 9.3 BFSI      
 9.4 Healthcare      
 9.5 Manufacturing      
 9.6 Retail & E-commerce      
 9.7 Government & Defense      
 9.8 Energy & Utilities      
 9.9 Transportation & Logistics      
 9.10 Media & Entertainment      
 9.11 Education      
 9.12 Other End Users      
        
10 Global Network Management Market, By Geography       
 10.1 Introduction      
 10.2 North America      
  10.2.1 US     
  10.2.2 Canada     
  10.2.3 Mexico     
 10.3 Europe      
  10.3.1 Germany     
  10.3.2 UK     
  10.3.3 Italy     
  10.3.4 France     
  10.3.5 Spain     
  10.3.6 Rest of Europe     
 10.4 Asia Pacific      
  10.4.1 Japan     
  10.4.2 China     
  10.4.3 India     
  10.4.4 Australia     
  10.4.5 New Zealand     
  10.4.6 South Korea     
  10.4.7 Rest of Asia Pacific     
 10.5 South America      
  10.5.1 Argentina     
  10.5.2 Brazil     
  10.5.3 Chile     
  10.5.4 Rest of South America     
 10.6 Middle East & Africa      
  10.6.1 Saudi Arabia     
  10.6.2 UAE     
  10.6.3 Qatar     
  10.6.4 South Africa     
  10.6.5 Rest of Middle East & Africa     
        
11 Key Developments       
 11.1 Agreements, Partnerships, Collaborations and Joint Ventures      
 11.2 Acquisitions & Mergers      
 11.3 New Product Launch      
 11.4 Expansions      
 11.5 Other Key Strategies      
        
12 Company Profiling       
 12.1 Cisco Systems, Inc.      
 12.2 IBM Corporation      
 12.3 Microsoft Corporation      
 12.4 Hewlett Packard Enterprise (HPE)      
 12.5 Broadcom Inc.      
 12.6 Huawei Technologies Co., Ltd.      
 12.7 Nokia Corporation      
 12.8 Juniper Networks, Inc.      
 12.9 SolarWinds Corporation      
 12.10 BMC Software, Inc.      
 12.11 Oracle Corporation      
 12.12 Splunk      
 12.13 Dynatrace      
 12.14 Datadog      
 12.15 Siemens AG      
 12.16 Riverbed Technology, Inc.      
        
List of Tables        
1 Global Network Management Market Outlook, By Region (2022-2030) ($MN)       
2 Global Network Management Market Outlook, By Component (2022-2030) ($MN)       
3 Global Network Management Market Outlook, By Component (2022-2030) ($MN)       
4 Global Network Management Market Outlook, By Platform (2022-2030) ($MN)       
5 Global Network Management Market Outlook, By Solutions (2022-2030) ($MN)       
6 Global Network Management Market Outlook, By Network Performance & Monitoring (2022-2030) ($MN)       
7 Global Network Management Market Outlook, By Network Configuration Management (2022-2030) ($MN)       
8 Global Network Management Market Outlook, By Network Traffic Management (2022-2030) ($MN)       
9 Global Network Management Market Outlook, By Network Security Management (2022-2030) ($MN)       
10 Global Network Management Market Outlook, By Cloud Network Management (2022-2030) ($MN)       
11 Global Network Management Market Outlook, By IP Address Management (2022-2030) ($MN)       
12 Global Network Management Market Outlook, By Software-Defined Network (SDN) Monitoring (2022-2030) ($MN)       
13 Global Network Management Market Outlook, By Log & Event Management (2022-2030) ($MN)       
14 Global Network Management Market Outlook, By Services (2022-2030) ($MN)       
15 Global Network Management Market Outlook, By Consulting (2022-2030) ($MN)       
16 Global Network Management Market Outlook, By Integration & Deployment (2022-2030) ($MN)       
17 Global Network Management Market Outlook, By Training, Support & Maintenance (2022-2030) ($MN)       
18 Global Network Management Market Outlook, By Deployment Mode (2022-2030) ($MN)       
19 Global Network Management Market Outlook, By On-Premises (2022-2030) ($MN)       
20 Global Network Management Market Outlook, By Cloud (2022-2030) ($MN)       
21 Global Network Management Market Outlook, By Hybrid (2022-2030) ($MN)       
22 Global Network Management Market Outlook, By Organization Size (2022-2030) ($MN)       
23 Global Network Management Market Outlook, By Large Enterprises (2022-2030) ($MN)       
24 Global Network Management Market Outlook, By Small & Medium Enterprises (SMEs) (2022-2030) ($MN)       
25 Global Network Management Market Outlook, By Service Provider (2022-2030) ($MN)       
26 Global Network Management Market Outlook, By Telecom Service Providers (TSPs) (2022-2030) ($MN)       
27 Global Network Management Market Outlook, By Cloud Service Providers (CSPs) (2022-2030) ($MN)       
28 Global Network Management Market Outlook, By Managed Service Providers (MSPs) (2022-2030) ($MN)       
29 Global Network Management Market Outlook, By Internet Service Providers (ISPs) (2022-2030) ($MN)       
30 Global Network Management Market Outlook, By Data Center Service Providers (2022-2030) ($MN)       
31 Global Network Management Market Outlook, By End User (2022-2030) ($MN)       
32 Global Network Management Market Outlook, By IT & Telecommunications (2022-2030) ($MN)       
33 Global Network Management Market Outlook, By BFSI (2022-2030) ($MN)       
34 Global Network Management Market Outlook, By Healthcare (2022-2030) ($MN)       
35 Global Network Management Market Outlook, By Manufacturing (2022-2030) ($MN)       
36 Global Network Management Market Outlook, By Retail & E-commerce (2022-2030) ($MN)       
37 Global Network Management Market Outlook, By Government & Defense (2022-2030) ($MN)       
38 Global Network Management Market Outlook, By Energy & Utilities (2022-2030) ($MN)       
39 Global Network Management Market Outlook, By Transportation & Logistics (2022-2030) ($MN)       
40 Global Network Management Market Outlook, By Media & Entertainment (2022-2030) ($MN)       
41 Global Network Management Market Outlook, By Education (2022-2030) ($MN)       
42 Global Network Management Market Outlook, By Other End Users (2022-2030) ($MN)       
        
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.       

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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