The Network Management Solutions Market was assessed at $7.1 billion in 2021, and by 2031, it is anticipated to have grown to $18 billion, with a CAGR of 9.9%.
Computer networks need to be outfitted, detected, monitored, and maintained. Network administration is essential for maintaining regulatory standards for the network and managing configurations. Network changes can be validated in a coordinated and regulated manner with the help of a network management system. Along with information like versions and install dates, it also enables the solution to list the installed solution on nodes. Additionally, it makes use of node data to discover security threats related to the IT infrastructure.
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The network management solutions market is experiencing transformative trends driven by the rapid evolution of technology, the proliferation of connected devices, and the increasing demand for seamless and secure network operations. One significant trend is the adoption of software-defined networking (SDN) and network function virtualization (NFV). These technologies are enabling organizations to centrally manage and optimize their network infrastructure, making it more agile, scalable, and adaptable to changing business needs.
Moreover, the rise of the Internet of Things (IoT) is reshaping network management practices. The massive influx of IoT devices demands sophisticated solutions to monitor, control, and secure these interconnected endpoints. Network management solutions are incorporating IoT-specific features, such as device discovery, traffic analysis, and security protocols, to effectively manage the complexity introduced by IoT deployments.
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Cybersecurity remains a paramount concern, leading to a trend of integrating advanced security features within network management solutions. Threat detection, intrusion prevention, and real-time monitoring capabilities are becoming integral components of network management platforms as organizations seek to safeguard their networks from evolving cyber threats.
Additionally, the move towards remote work and cloud-based infrastructure has led to the emergence of cloud-native network management solutions. Organizations are leveraging these solutions to manage hybrid and multi-cloud environments efficiently, ensuring seamless connectivity and performance across distributed networks.
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This report gives an in-depth profile of some key market players in network management solutions industry CA Technology, Cisco, Cubro Network Visibility, Ericsson, Huawei, IBM Corporation, Juniper Networks, Kaseya Co. Ltd., Live Action, Manage Engine, Micro Focus, NETSCOUT Systems, Nokia, Pasessler, Progress, and Zoho Corporation. These major players have adopted various key development strategies such as business expansion, new product launches, and partnerships, which propel growth of the market globally.
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