The unified network management market, which was estimated to be worth US$ 77 billion in FY2022, is anticipated to grow to US$ 86.27 billion in 2023. The industry is anticipated to grow at a CAGR of 12.04% between 2023 and 2033. Sales are anticipated to earn US$ 268.89 billion in revenue by the end of the assessment period in question. Due to the increased use of linked devices and sophisticated servers for everyday business and commercial activities, demand is predicted to increase.
Unified network integrates wireless and wired components and share services and network elements where viable, rather than prevailing as two distinct networks. Unified network management offerings make mutual network functions controllable from a single support. These unified network management functions include provisioning, planning, arranging, monitoring (such as security, performance, and integrity monitoring), logging handling exceptions, and reporting.
The unified network management console also comprises of essentials that are distinctive to wireless management, including spectrum management and monitoring, connection reliability, tracking and location functionality, and other relevant security issues. Unified networking management follows an industry trend as a way to deal with an increasingly mobile workforce accessing corporate networks remotely through a variety of devices, including tablets and smartphones as well as desktop computers and notebook.
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Unified Network Management Market: Drivers & Restraints
Better cyber security, disposable incomes, and escalating advancements in analytics technology are the key drivers propelling the growth of the unified network management market. Businesses mostly use unified networking management solutions for their marketing events, necessitating the need for consultancy, training, and support services.
The consulting services that solution suppliers offer to SMEs and enterprises help them improve their administration of unified networking management platforms as well as their understanding of sophisticated networking solutions. The majority of unified networking services are provided by technical specialists who aid in the seamless system integration.
The growth of unified networking management platforms is expected to increase demand for these services throughout the anticipated year. On the other side, a significant barrier
Unified Network Management Market: Market Segmentation
The unified network management market is segmented into six parts based on the deployment type, service type, by solution type, end-users type, application type, and geography.
Cloud
On-premise
Based on the service type the unified network management market is segmented into:
Training and Support
Consulting
Managed and Integration service
Others
Based on the solution type the unified network management market is segmented into:
Network Monitoring Management
Configuration and Server Management
Network Security Management
Network Traffic Management
Network Application Management
Others
Based on the end-user type unified network management market is segmented into:
Large Enterprises
Small and Medium Enterprises
Others
Based on the type of application unified network management market is segmented into:
BFSI
Retail and Consumer Goods
High-Tech and Telecom
Travel and Hospitality
Government
Media and Entertainment
Healthcare
Education
Others
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Unified Network Management Market: Regional Outlook
Regarding geography, unified network management market has been categorized into seven key regions including North America, Western Europe, Eastern Europe, APEJ, Japan, Latin America, and the Middle East & Africa. The unified network management market is expected to register healthy CAGR during the forecast period.
North America is experiencing the rapid increase in the production unified network management as a demand for unified network management in wide range of verticals such as BFSI, high-tech and telecom, retail and consumer goods, government, travel and hospitality, healthcare, education, media and entertainment in the region is rising at faster pace. The North American region has been an early adopter of networking management services and solutions.
The unified network management market is projected to register healthy growth due growth owing to increasing demand of unified network management in consulting services and technological advancement in information & technology sector across the globe. Unified network management market for Asia Pacific is also expected to witness steady growth during the forecast period primarily attributed to the growth of unified management technologies coupled with demand for customization in offerings, especially in China and India.
Unified Network Management Market: Key Players
Some of the key players identified in the unified network management market are:-
Cisco
IBM
HP
Huawei
Ericsson
Alcatel-Lucent
Avaya
Juniper Networks
CA Technologies
EMC
Others
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