Managing the networks provides various functionalities such as fault management, security management, account management and performance management. Hence, due to these functionalities there is a significant rise in this market. Due to expanding networks, and the security concerns, there is a need of hefty and resilient network management systems. Hence, the global network management market is expected to grow substantially which increases the need to study the whole market in appropriate approach.
Evolution & convergence of various technologies, increasing demand in customer’s requirements and the increasing number of security breaches of networks are some of the driving factors of this industry. In the current business scenario, for the management of such widespread of networks, there is a call for business optimization techniques in small and medium scale enterprises. Thus, this market is a very prospective market. Some of the constraints involved are time required for implementation and its complex methodology.
The market investigation gives an overview of the market as a whole. Porter’s five force model helps in analyzing the new entrants, bargaining power of buyers and suppliers inter-firm rivalry and the forward-backward integration of the organizations. SWOT analysis helps in perceiving the strategic moves taken by various market players. The various stakeholders involved in the value chain are examined to know the value addition done by them at different stages. Market dynamics is analyzed on the basis of their strategic plans for the benefit of the stakeholders.
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Management of networks includes applications in various sectors, namely Telecom & Information Technology (IT), education & academia, transportation, government & defense, hospitality, healthcare, energy and utilities, retail & consumer goods, oil and gas, Banking, Financials & Insurance (BFSI) and media and entertainment.
Consulting, Support, Virtualization and Integration are the services offered by the network to manage them. Services for management of networks provides entire support for management and processes for various types of networks such as Local Area Network (LAN) and Wide Area Network (WAN).
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The geographical research is carried out in different regions such as North America, Latin America, Middle East and Africa (LAMEA), Europe and Asia-Pacific. North America is the region which is expected to be a biggest market, as various technologies are implemented in that region and the need of managing the network would increase in future.
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Major market players such as – Alcatel Lucent S.A, Cisco, Juniper-Networks, IBM Corp, HP, Aruba Networks, Inc., CA Technologies, Inc., and Dell.
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