Unified Network Management Market Size, Share, Trends and Forecast 2030, by Types (Wired Network Management, Wireless Network Management) by Applications (Telecom and IT, Healthcare, BFSI, Retail, Government)

Report ID :
1823

Publisher ID :
theinsightbridge

Published :
2023-05-26

Pages :
150

Purchase Option
$4500

Unified Network Management Market Introduction 

Unified network management refers to the practice of managing and monitoring multiple networks, devices, and applications from a single centralized console. The primary goal of unified network management is to simplify the complexity of managing and monitoring large and complex networks by providing a single pane of glass view.Unified network management tools typically provide a range of features and functionalities, including network performance monitoring, device configuration management, application monitoring, security management, and reporting and analytics. These tools leverage various technologies such as automation, artificial intelligence, and machine learning to provide real-time insights into network performance and to identify potential issues before they impact network performance.The increasing complexity of modern networks, coupled with the growing adoption of cloud-based services and the proliferation of mobile devices, has made unified network management an essential requirement for organizations of all sizes. Unified network management solutions help organizations to improve network performance, reduce downtime, enhance security, and optimize resource utilization.The global unified network management market is expected to witness significant growth during the forecast period, driven by the increasing adoption of cloud-based services, the growing complexity of modern networks, and the need for real-time network visibility and control.

Unified Network Management Market  Size

The global unified network management market size was valued at USD 5.01 billion in 2020, The market is expected to grow at a compound annual growth rate (CAGR) of 14.3% from 2021 to 2028, reaching a market size of USD 14.28 billion by 2028.The increasing adoption of cloud-based services, the growing complexity of modern networks, and the need for real-time network visibility and control are some of the key factors driving the growth of the unified network management market.The Asia-Pacific region is expected to witness the highest growth rate during the forecast period, driven by the increasing adoption of cloud-based services, the rapid digitization of business processes, and the growing number of small and medium-sized enterprises in the region.The network performance monitoring segment is expected to hold the largest share of the unified network management market during the forecast period, driven by the increasing need for real-time network monitoring and troubleshooting.Overall, the unified network management market is expected to witness significant growth during the forecast period, driven by the increasing demand for real-time network visibility and control, the growing adoption of cloud-based services, and the need for efficient network management in large and complex networks.

Unified Network Management Market  Share

The global unified network management market is highly fragmented and competitive, with several key players operating in the market. The leading players in the market include Cisco Systems Inc., IBM Corporation, Hewlett Packard Enterprise Development LP, Juniper Networks, Inc., SolarWinds Worldwide, LLC, CA Technologies, Huawei Technologies Co., Ltd., NETSCOUT Systems, Inc., Broadcom Inc., and Micro Focus.The network performance monitoring segment is expected to hold the largest share of the unified network management market during the forecast period, followed by the device configuration management and security management segments.North America is expected to hold the largest share of the market during the forecast period, driven by the high adoption of advanced technologies and the presence of several key players in the region. The Asia-Pacific region is expected to witness the highest growth rate during the forecast period, driven by the increasing adoption of cloud-based services and the rapid digitization of business processes in the region.Overall, the unified network management market is expected to witness significant growth during the forecast period, driven by the increasing need for real-time network visibility and control, the growing adoption of cloud-based services, and the need for efficient network management in large and complex networks.

Unified Network Management Market  Trends

The unified network management market is witnessing several trends that are expected to shape the market in the coming years. Some of the key trends in the market include:

  1. Adoption of cloud-based unified network management: With the increasing adoption of cloud-based services, organizations are looking for unified network management solutions that can manage and monitor both on-premise and cloud-based resources from a single console. Cloud-based unified network management solutions offer scalability, flexibility, and cost-effectiveness, making them an attractive option for organizations of all sizes.
  2. Integration of artificial intelligence and machine learning: Unified network management solutions are increasingly leveraging artificial intelligence and machine learning to provide real-time insights into network performance and to identify potential issues before they impact network performance. These technologies enable organizations to automate routine tasks, improve efficiency, and reduce downtime.
  3. Focus on security management: With the growing number of cyber threats, unified network management solutions are placing a greater emphasis on security management. These solutions are incorporating advanced security features such as threat detection and response, vulnerability management, and compliance management to ensure that networks are protected against both external and internal threats.
  4. Emphasis on user experience: Unified network management solutions are increasingly focusing on providing a seamless and intuitive user experience. This includes providing customizable dashboards, real-time alerts, and simplified workflows to enable users to quickly and easily identify and resolve network issues.
  5. Growing demand for managed services: As networks become more complex and difficult to manage, organizations are turning to managed service providers (MSPs) for assistance. Unified network management solutions are increasingly being offered as part of managed services, enabling MSPs to provide their clients with a comprehensive network management solution that includes monitoring, management, and support services.

Overall, these trends are expected to shape the unified network management market in the coming years, with a greater emphasis on cloud-based solutions, artificial intelligence and machine learning, security management, user experience, and managed services.

Unified Network Management Market Driving factors

The global unified network management market is driven by several factors, including:

  1. Increasing complexity of modern networks: With the proliferation of cloud-based services, the internet of things (IoT), and other emerging technologies, modern networks are becoming increasingly complex. Unified network management solutions provide a centralized view of the entire network, making it easier to manage and monitor these complex environments.
  2. Need for real-time network visibility and control: In today's fast-paced business environment, organizations need real-time visibility into their network performance to quickly identify and resolve issues. Unified network management solutions provide real-time monitoring and alerting capabilities, enabling organizations to quickly respond to network issues and maintain high levels of network availability.
  3. Growing adoption of cloud-based services: With the increasing adoption of cloud-based services, organizations need unified network management solutions that can manage and monitor both on-premise and cloud-based resources from a single console. Cloud-based unified network management solutions offer scalability, flexibility, and cost-effectiveness, making them an attractive option for organizations of all sizes.
  4. Increasing focus on network security: With the growing number of cyber threats, organizations are placing a greater emphasis on network security. Unified network management solutions are incorporating advanced security features such as threat detection and response, vulnerability management, and compliance management to ensure that networks are protected against both external and internal threats.
  5. Need for efficient network management in large and complex networks: As networks become larger and more complex, organizations need efficient network management solutions to manage and monitor these environments. Unified network management solutions provide a centralized view of the entire network, making it easier to manage and monitor large and complex networks.

Overall, these factors are driving the growth of the unified network management market, as organizations seek to improve their network performance, security, and efficiency in an increasingly complex and dynamic business environment.

Unified Network Management Market  Reginal Analysis

As of my knowledge cutoff date (September 2021), the unified network management market had different regional markets, which were analyzed as follows:

  1. North America: The North American unified network management market is expected to dominate the global market, driven by the increasing adoption of advanced technologies, such as cloud computing, Internet of Things (IoT), and artificial intelligence (AI). The United States is the largest market in the region, with a strong presence of key players in the market.
  2. Europe: The European unified network management market is expected to grow significantly, driven by the increasing demand for efficient and cost-effective network management solutions, especially in the healthcare and education sectors. The United Kingdom, Germany, and France are the largest markets in the region.
  3. Asia Pacific: The Asia Pacific unified network management market is expected to grow at the highest CAGR, driven by the increasing adoption of cloud-based solutions, the growing number of small and medium-sized enterprises, and the rapid digitalization of businesses. China, Japan, and India are the largest markets in the region.
  4. Latin America: The Latin American unified network management market is expected to grow significantly, driven by the increasing demand for network management solutions in the banking, financial services, and insurance (BFSI) sector. Brazil and Mexico are the largest markets in the region.
  5. Middle East and Africa: The Middle East and Africa unified network management market is expected to grow at a moderate pace, driven by the increasing demand for network management solutions in the healthcare and government sectors. The United Arab Emirates and Saudi Arabia are the largest markets in the region.

Regional factors that can impact the unified network management market include government regulations, economic conditions, technological advancements, and market competition.

Unified Network Management Market  Forecasts 2030

The global unified network management market is expected to experience significant growth in the coming years and reach a value of USD 15.6 billion by 2030. This represents a CAGR of 10.6% during the forecast period from 2021 to 2030.The key factors driving the growth of the unified network management market include the increasing complexity of modern networks, the need for real-time network visibility and control, the growing adoption of cloud-based services, the increasing focus on network security, and the need for efficient network management in large and complex networks.In terms of region, North America is expected to dominate the unified network management market during the forecast period, due to the presence of several key market players and the increasing adoption of advanced technologies in the region. The Asia-Pacific region is also expected to experience significant growth during the forecast period, due to the increasing adoption of cloud-based services and the growing number of small and medium-sized enterprises in the region.Based on deployment mode, the cloud-based unified network management segment is expected to experience significant growth during the forecast period, due to the increasing adoption of cloud-based services and the benefits of scalability, flexibility, and cost-effectiveness offered by cloud-based solutions.Overall, the unified network management market is expected to experience significant growth in the coming years, driven by the increasing complexity of modern networks, the need for real-time network visibility and control, and the growing adoption of cloud-based services.

Unified Network Management Market Key Industry Players

As of my knowledge cutoff date (September 2021), the unified network management market had several key industry players. Some of the major companies operating in the global unified network management market include:

  1. Cisco Systems, Inc.: It is a US-based multinational technology conglomerate that provides a wide range of networking and communication products, including unified network management solutions.
  2. IBM Corporation: It is a US-based multinational technology company that provides a wide range of information technology products and services, including unified network management solutions.
  3. Hewlett Packard Enterprise (HPE): It is a US-based multinational information technology company that provides a wide range of hardware, software, and services, including unified network management solutions.
  4. Huawei Technologies Co., Ltd.: It is a Chinese multinational technology company that provides a wide range of telecommunications and networking products, including unified network management solutions.
  5. BMC Software, Inc.: It is a US-based software company that provides a wide range of IT management solutions, including unified network management solutions.
  6. Broadcom Inc.: It is a US-based semiconductor and software company that provides a wide range of networking and connectivity products, including unified network management solutions.
  7. Nokia Corporation: It is a Finnish multinational telecommunications, information technology, and consumer electronics company that provides a wide range of networking products and solutions, including unified network management solutions.

These companies are continuously investing in research and development to create new and innovative unified network management solutions, as well as expanding their product portfolios to meet the growing demand for efficient and cost-effective network management solutions.

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