The report "Network Management Market by Network Performance Monitoring and Management, IP Address Management, Network Traffic Management, Network Device Management, Network Configuration Management, Network Security Management - Global Forecasts up to 2019", the total network management market to grow from $7,024.5 million in 2014 to $11,058.6 million in 2019 at a CAGR of 9.5% during the forecast period.
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Network management is expected to witness an incessant growth. This is evident from the competitive landscape surrounding the market. A significant number of acquisitions have occurred. To name a few recent ones, Enterasys Networks has been acquired by Extreme Networks, Zyrion by Kaseya, and Meraki by Cisco amongst others. These acquisitions are expected to result in combination of both the companies’ portfolio of products and services which will in turn augment the value proposition for customers.
There is a gradual shift towards adoption of open source network management tools with an aim to cut costs. In either case, network management is crucial in businesses. With the emergence of Bring Your Own Device (BYOD) policy in enterprises and Small and Medium sized Businesses (SMB), monitoring the network is becoming more and more challenging.
Network management is adopted widely across myriad industry verticals. The telecom and Information Technology (IT) sector is expected to be the biggest revenue contributor, followed by the government, defense, education and academia, and BFSI sectors.
Among regions, North America is forecasted to have the largest market share in the network management market followed by Europe and Asia-Pacific.
As per the report, ‘The network is crucial to every business, therefore optimizing network performance effectively is necessary. Traditional network management tools cannot meet the present day big data IT demands. So, it is imperative that the network performance monitoring and management products enable eliminate down time at scale, offer a scalable solution and provide complete, real-time end-to-end visibility of the network. The network management market is expected to experience significant market traction and high growth rate during the forecast period, 2014 to 2019.
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