Network management is referred to the activities that concern various network systems procedures, methods, tools and techniques. These management systems help managing different operations, maintenance, administration and provisioning of the systems of computer networks. These activities are carried out of the centers for network operations and are vital for controlling and commanding different network practice. Global network management market is gaining significant demand from different parts of the world. While developing regions are providing increasing business opportunities for the companies dealing with these products, developed countries are still showing steady demand.
Drivers for Network Management Industry
Increasing digitization and growing deployment of information technology across the world is contributing to the increasing network dependency. This has also increased the threats of security breaches and data loss. As a result, companies require resilient, practical and easy to use network management systems, which is the strongest drive for network management systems. Different companies are welcoming the advent of automated systems that prove robust, cost effective, and easy to optimize all the business operations. Increasing adoption of network systems within emerging markets is also a major driver for the industry.
Network Management Systems Market Trends and Forecasts
Increasing growth of network management systems is drawing significant investments from large companies in information technology sector. These investments are benefiting the network management market. The IT sector of the world firmly believes that enterprise-class services in the market are a type of well established science, which is advanced and highly evolving. This belief is also leading to advancements in the industry and formative shifts in cloud and server virtualization and information technology. Growing trend of operational concurrence and alliance is also driving investments in the industry. According to the expert researchers, network management market is estimated to grow at a CAGR of over 8% by 2018.
Researchers estimate the trends and forecasting reports for the industry from 2013 to 2018. During the forecasting period, the network management market is expected to reach $6.35 billion in 2018, which was placed at $4.21 billion in 2013. While North America is expected to dominate the global market in terms of rise in demand, innovation and technological advancements, emerging markets are also expected to show positive prospects for larger investments and expansions for established businesses in the industry. Regions like Asia Pacific, Latin America and Middle East and Africa are expected to record strong growth during the forecasting period. Increasing demand and growth in information technology sector are the strongest drivers for the market in emerging regions.