The global network management market can achieve a remarkable CAGR of 17% during the forecast period (2016-2022), reveals the latest report published by Market Research Future (MRFR). The market is estimated to achieve a valuation of USD ~13 Billion by 2022, which could be a positive aspect for the market to mark its position globally.
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Growth Drivers & Trends
The unified network management market is displaying rapid growth in the coming years. The demand for progressive analytical tools and analytics applications is the reason for which the market is increasing rapidly. The ability of unified network management to provide better cybersecurity and advanced analytics are the main factors driving the unified network management market.
At the same time, unified network management provides several solutions such as network monitoring management, configuration, network application management, network security management, network traffic management, and server management. These solutions benefit organizations for managing ever-rising data traffic and provides better security. The unified network management can be separated depending on the cloud and on-premise deployment. The study thus indicates that the rise in the adoption of cloud services has amplified the demand for cloud-based unified network management.
On the other side, the functions that they offer, such as handling the exception, provisioning, planning, arranging, monitoring, and reporting. These have assisted many businesses and companies immensely which has boosted the market growth inevitably. With this, the market has been studied that it could rise to a great extent during the forecast period. Furthermore, progressively spread of mobile workforce that are accessing corporate networks remotely through a variety of devices, including smartphones and tablets, notebook and desktop computers have also contributed a large part to the market’s growth.
Covid 19 Unified Communications Market has been studied by segmentation by type, solution, services, deployment, organization size, and end-user.
In terms of type: Wired Network Management and Wireless Network Management are the segments.
In terms of deployment: Cloud and on-premise are the segments.
In terms of organization size: Enterprise and small and medium businesses are the segments.
In terms of end-user: Communication service provider (CSP), Cloud service provider, BFSI, managed service providers, healthcare, government, media, and entertainment are the segments.
The regional study of unified network management is studied for regions such as Europe, North America, Asia Pacific, and the Rest of the World.
As per the study, it has been witnessed that North America is leading the Unified network management market in support of the high implementation of network solutions.
The Unified network management market displays a steady and considerable growth in Europe.
Asia Pacific region is also expected to inflate considerably in the Unified network management market during the assessment period. The factors influencing the growth are rising advancements in mobility and cloud adoption. It has also been observed that many countries are adopting unified networking solutions to optimally utilize their networking plans to develop customer relations as well as employee productivity.
The well-known players in the unified network management market are listed as Ericsson (Sweden), Juniper Networks (U.S.), Alcatel-Lucent S.A. (France), Cisco Systems, Accenture PLC (Ireland), Allot Communication (U.S.), Sandvine Inc. (Canada), Brocade Communications Systems, Inc. (U.S.), IBM Corporation (U.S.), Inc. (U.S.), HP (U.S.), Ascom Holdings AG (Switzerland), Bradford Networks, Inc. (U.S.), Tibco Software (U.S.) and many more.
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