Unified Network Management Market Overview:
The unified network management market industry is expecting growth at 19.7% CAGR, with a market valuation of 14.21 billion, by the end of the global forecast period of 2022-2030.
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Competitive Landscape:
The network management market analysis shows that the market growth will be a result of the prominent players in the market. These are:
- Juniper Networks (U.S.)
- Allot Communication (U.S.)
- IBM Corporation (U.S.)
- HP (U.S.)
- Ericsson (Sweden)
Unified network management is the management system of wired and wireless networks through a single interface. The unified network functions consist of exception handling, provisioning, planning, arranging, reporting, and monitoring. The industrial latest trends are observed towards the unified networking facilities as a way to deal with an increasingly mobile workforce accessing corporate networks remotely through a variety of devices. It includes smartphones, tablets, notebooks and desktop computers. Unified network management typically offers several solutions: network traffic management, network security management, configuration and server management, and network application management. Such solutions place huge benefits to the organizations for handling the ever-increasing data traffic, and it also provides better security. This Unified Network Management Market can be changed depending on the cloud and on-premise deployment method. The Unified Network Management Market is rapidly growing in the next projected period of time. Due to the increase in the global population and the development of emerging technologies have definitely led this sector to grow hugely in the global market.
The increasing adoption of the new technology across the several industries has pushed the service providers to integrate the cloud solutions and the other information technology in the operations in order to support the optimization of the operations with the improvement of the performance by reducing the downtime and the better fault of the higher resolution sectors in the current market. But all of such things have completely changed while the global pandemic has been placed on the world. The entire market and other industrial sectors have been stopped for a few periods of time due to the lack of raw material and other useful industrial equipment. Due to the stoppage of international commercial activities, several industry leaders and manufacturers have been bound to stop their production work, which shows a huge loss in the global business sectors.
Market Segmentation:
The global Unified Network Management Market has been segmented into five sections: enterprise size, solution type, deployment, end-user, and the regional section. The entire market has been segmented into small and medium enterprises and large enterprises with the enterprise size. With the solution type, the market has been classified into five sections: network performance management, network monitoring management, network configuration management, network security management and network application management. By the deployment, the Unified Network Management Market has been segmented into two types: on-premise and cloud. With the end-user section, the market has been segmented into seven types: telecommunication & IT, education, retail, healthcare, government, BFSI, etc. According to the regional basis, the market has been classified into five sections: Asia-Pacific, Europe, North America, South America, and Middle East & Africa.
Regional Analysis:
The Asia-Pacific region is expected to witness the fastest growth among all the other regions in the market. The region's growth is primarily driven by the number of SMEs scaling their business to larger networks and facing complexity in network management. The region also holds the largest market share of the global business sectors. Due to the cost of the advantages in growing or developing nations, it has been attracting several organizations deploying state of network management systems.
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Industrial News:
Several organizations in the Asia-Pacific region adopt cloud solutions for their business operations while the cloud is probing in the regions. The need for the expertise to manage the complex network will increase the likelihood of driving the market in the region.
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