Network Management Market Overview

The network management market refers to the technologies, solutions, and services used for managing, monitoring, and optimizing enterprise networks. As networks become more complex with the adoption of new technologies like cloud, IoT, and mobility, the need for robust network management solutions continues to grow. According to Market The Network Management market size is projected to grow from USD 9.88 Billion in 2023 to USD 22.8 Billion by 2032

Some of the key drivers fueling this growth are the rising network complexity, need to improve customer experience, and increasing network security threats. Enterprises are adopting network management solutions for enhanced infrastructure performance, reduced network downtime, better traffic & bandwidth management, and to gain insights into network security.

Key Network Management Segments

The network management market can be segmented on the basis of components, deployment mode, organization size, end-user industry, and regions.

Components: Network management solutions consist of software and hardware infrastructure to monitor, manage, and support the network operations. The key software includes performance monitoring, network configuration management, IP address management, user device tracking, and security management. The hardware infrastructure comprises network sensors and networking devices used for traffic monitoring and analysis.

Deployment Modes: The network management solutions are deployed through on-premise and cloud-based models. The on-premise solutions are installed and operated from the company’s IT infrastructure. The cloud-based solutions are hosted by the vendor and can be deployed through public, private and hybrid cloud models. SMEs majorly adopt cloud-based network monitoring solutions owing to lower hardware requirements.

Organization Size: Based on organization sizes, the market is categorized into large enterprises and SMEs. Large enterprises are the major adopters of network management solutions owing to their complex network infrastructure and huge volumes of data traffic.

End-user Industry: The major end-user industries for network management include BFSI, healthcare, government, manufacturing, retail, IT & telecom, and education. The BFSI industry widely uses network management solutions for monitoring their trading networks and maintaining uptime. Similarly, network monitoring is critical for manufacturing industries for production efficiency.

Key Network Management Companies

Cisco, Broadcom, SolarWinds, Juniper Networks, IBM, Nokia Networks, NetScout Systems, Riverbed Technology, Micro Focus, BMC Software, AppNeta, ExtraHop Networks, Flowmon Networks, and Kentik are some of the leading network management companies. These players offer a diverse portfolio of network management software, appliances, switches, controllers, sensors, and associated services.

The companies are making high investments in developing AI/ML-powered solutions for intent-based networking, automated network operations, and predictive analysis. Acquisitions and partnerships are commonly adopted strategies by network management vendors to enhance their product capabilities and geographic reach.

Regional Insights

North America accounted for the largest market share in network management owing to early technology adoption and presence of leading IT companies in the region. Asia Pacific is expected to witness the fastest growth over the forecast period due to rising digital transformation and IT infrastructure modernization in emerging economies like China and India.

Browse In-depth Market Research Report (100 Pages, Charts, Tables, Figures) on Network Management Market

Latest Industry Developments

Here are some of the notable recent developments in the network management market:

• Jun 2021: Extreme Networks acquired Ipanema Solutions to expand its cloud-managed SD-WAN and security solutions.
• May 2021: Cisco launched ThousandEyes internet and cloud intelligence platform enhancements to improve digital experiences.
• Feb 2021: Nokia launched new network management software for 5G network automation.
• Jan 2021: Fortinet acquired cloud network security provider OPAQ networks to enhance its SD-WAN offerings.
• Sept 2020: SolarWinds introduced major updates to its network management portfolio with increased automation capabilities.

In summary, network management is a critical function for enterprise IT to maintain optimal network performance as complexity grows. Leading technology vendors are enhancing their network management platforms to align with digital transformation trends and deliver proactive and intelligent network monitoring. The market is poised for strong growth as businesses invest in next-gen network infrastructure and management tools.

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