Network Mgmt Market: $10.19Bn to $18.88Bn, IBM Leads Growth
Global Network Management Market Expected to Reach USD 18.88 Billion by 2030
Summary:
The Global Network Management Market, valued at USD 10.19 billion in 2023, is projected to grow significantly, reaching USD 18.88 billion by 2030. This represents a robust compound annual growth rate (CAGR) over the forecast period from 2024 to 2030. The growth is driven by increasing demand for advanced network management solutions and the rising complexity of network infrastructures.
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Overview:
Network management involves the administration and monitoring of network infrastructures to ensure their efficient operation. As organizations increasingly rely on complex network systems, the demand for sophisticated network management tools and services is growing. These tools help manage network performance, security, and overall infrastructure health, making them essential for businesses across various sectors.
Market Scope:
This report provides a thorough analysis of the Network Management Market, including detailed segmentation by component, deployment type, organization size, and end-user industry. The study encompasses global, regional, and company-specific trends, offering insights into market dynamics and future opportunities. Extensive primary research and data triangulation methods have been employed to validate market estimates and forecasts.
Segmentation:
The market is segmented as follows:
- By Component: Software, Services
- By Deployment: Cloud, On-premise
- By Organization Size: SMEs, Large Enterprises
- By End-User: Aerospace and Defense, BFSI, Healthcare and Pharmaceutical, Government, Retail and E-commerce, IT and Telecommunications, Others
Major Manufacturers:
Key players in the Network Management Market include:
- IBM Corporation
- Huawei
- Juniper Networks
- SolarWinds
- CA Technologies
- NETSCOUT
- Riverbed Technology
- BMC Software
- Micro Focus
- Flowmon Networks
- ManageEngine
- LiveAction
- Ericsson
- Extreme Networks
- eG Innovations
- Opmantek
- Cubro Network Visibility
- Paessler AG
- ColaSoft
Regional Analysis:
The report includes a comprehensive PESTLE analysis for major regions: North America, Europe, Asia Pacific, the Middle East, Africa, and South America. This analysis evaluates the political, economic, social, and technological factors influencing the Network Management Market in each region.
COVID-19 Impact Analysis:
The COVID-19 pandemic has significantly impacted various sectors, including network management. Changes in customer behavior and disruptions in supply chains have necessitated adjustments in market strategies. This report outlines the effects of the pandemic on the Network Management Market and provides guidance for adapting to new industry standards.
Key Questions Answered:
- What is the projected CAGR for the Network Management Market during the forecast period?
- Which segment is leading the Network Management Market?
- Who are the key players in the Network Management Market?
- What will be the size of the Network Management Market by 2030?
- Which company holds the largest market share in the Network Management industry?
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About Us:
Maximize Market Research is a leading market research and consulting firm dedicated to delivering actionable insights and fostering growth across various industries. Our expertise spans IT, telecom, chemicals, food and beverage, aerospace, defense, and healthcare. We are committed to providing precise and valuable market analysis to help businesses navigate competitive landscapes effectively.
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