A compound annual growth rate (CAGR) of 8.5% has been forecast for the network management market over the next five years, as it increases from a total of $4.21 billion in 2013, to reach a market value of $6.35 billion in 2018.
In computer networks, network management refers to the activities, methods, procedures, and tools that pertain to the operation, administration, maintenance, and provisioning of networked systems.
Functions that are performed as part of network management accordingly include controlling, planning, allocating, deploying, coordinating, and monitoring the resources of a network.
Network management is essential to command and control practices and is generally carried out of a network operations centre.
At present, many players in the Information Technology (IT) sector presume that the enterprise-class network management is a well-established science which is secure, with modest advancement or revolution, but the latest formative shifts in Information technology with 'cloud and server virtualization' in specific, are connecting to re-evaluate this position.
These shifts might create new demand and prospect for resilience, performance and network capacity, and may perhaps place the network to a position of essential enabling eminence in IT strategy.
Behind all of this change can be seen a restrained yet unique inclination of rising operational concurrence and alliance, with network systems and networking pros leading the league.
From a regional perspective, North America will be the largest market between 2013 and 2018. However, Europe and the Asia-Pacific are projected to deliver faster growth over the next five years.
The network management market is growing faster than expected which is evident from the recent acquisitions of Meraki by Cisco, Zyrion by Kaseya and Dartware by Help/Systems.
Key players such as Cisco and Juniper Networks offer management products and services for enterprises, service providers, and commercial networks.
For more information on the network management market, see the latest research: Network Management Market
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