Global Market Size, Forecast, and Trend Highlights Over 2025-2037
Network Management Solutions Market size was over USD 9.02 billion in 2024 and is anticipated to cross USD 29.7 billion by 2037, growing at more than 9.6% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of network management solutions is estimated at USD 9.76 billion.
The growth of the market can be attributed primarily to the growing adoption of the internet of things (IoT) amongst businesses worldwide. Globally, the number of connected devices with IoT is increasing, which is resulting in a need amongst businesses for network management solutions, which is expected to drive the growth of the market in the coming years. For instance, the number of internet of things (IoT) connected devices globally is projected to reach close to 30 billion by 2030, up from about 8 billion in the year 2020.
The increasing digitalization around the globe is responsible for the increase in systems, servers, processes, networks, and others worldwide. Networks are managed via a centralized network management solution, as it bridges the gaps between various devices, vendors, and environments. The solution is responsible for monitoring the state of the network and taking corrective measures to improve network performance, detect fault, and ensure security of the network. With the recent advancements in technology as well as increasing use of the internet, the demand for network management solutions is on the rise amongst businesses, products, and service providers, which in turn is expected to create massive revenue generation opportunities for the key players operating in the global network management solutions market during the forecast period. For instance, approximately 69%of the global population is expected to be actively using the internet in 2022.
Global Network Management Solutions Sectors: Growth Drivers and Challenges
Growth Drivers
- Rising Demand for Network Security Solutions – The rise in the number of cyber-attacks on organizations has caused massive social and economic damage. As a result, companies have started to increase their security investments. For instance, in the year 2018, a mega breach was reported which involved ~1 million compromised records, costing for approximately USD 39 million.
- Growing Trend of Bring Your Own Device (BYOD): It has been observed that, in 2022, more than 80% of companies have some kind of BYOD policy and ~75% of employees use their personal phones for work purposes, calling for strong network management solutions.
- Increasing Cloud-based Storage – For instance, the total amount of data stored in the cloud globally is projected to reach ~50% by 2025, up from about 25% data stored in the cloud in the year 2015.
- Upsurge in Data Generation – It is estimated that, in 2022, the amount of data produced every day is approximately 2 quintillion bytes.
Challenges
- Concern of Increasing Data Breaches – it was found that, in 2018, the global average cost of stolen record, containing sensitive and confidential information, grew by more than 4.5% from 2017.
- Complexity in handling increasing traffic moving in various directions from devices
- Challenges to Abide by the Changing Regulatory Landscape
Network Management Solutions Market: Key Insights
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Base Year |
2023 |
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Forecast Year |
2024-2036 |
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CAGR |
9.6% |
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Base Year Market Size (2023) |
USD 8.23 billion |
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Forecast Year Market Size (2036) |
USD 27.1 billion |
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Regional Scope |
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Network Management Solutions Segmentation
The global network management solutions market is segmented and analyzed for demand and supply by enterprise into large enterprise and SMEs. Amongst these segments, the large enterprise segment is anticipated to garner the largest revenue by the end of 2037, backed by the growing digital transformation of businesses along with the surge in the number of servers worldwide. For instance, in the year 2020, the total number of secure internet servers was estimated to be ~90 million across the globe.
Our in-depth analysis of the global market includes the following segments
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By Solution Offered |
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By Task |
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By Enterprise |
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By Industry |
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Customize this ReportNetwork Management Solutions Industry - Regional Synopsis
Regionally, the global network management solutions market is studied into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. North America industry is anticipated to account for largest revenue share by 2037, impelled by presence of a strong information technology (IT) infrastructure in the region, along with a growing number of virtual private networks (VPNs) responsible for the adoption of network management solutions. It was found that, in the year 2020, more than 48 % of adults used a VPN in the United States.
Companies Dominating the Network Management Solutions Landscape
- Cisco Systems, Inc.
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- Accedian Networks Inc.
- BMC Software, Inc.
- Broadcom, Inc.
- ExtraHop Networks, Inc.
- Nokia Corporation
- IBM Corporation
- HelpSystems, LLC
- Micro Focus
- LiveAction
In the News
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Accedian Networks Inc. - announced the launch of company’s cloud-based Network Detection and Response (NDR) solution, the Skylight Inceptor. It is an addition to the Skylight solution family. Skylight Interceptor protects major enterprises and service providers' networks by delivering prioritized, context-rich incidents that accelerate detection and response to security threats.
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BMC Software, Inc. - announced new operations management features for the BMC Helix solution. BMC Helix is designed to increase the accuracy in decision-making and to accelerate mean-time-to-repair (MTTR) with operational intelligence, early detection, and resource optimization.
Author Credits: Abhishek Verma
- Report ID: 4275
- Published Date: Dec 26, 2024
- Report Format: PDF, PPT
