According to the NetOps market analysis by Future Market Insights (FMI), the demand registered in the market will increase at a healthy CAGR of 14.9% from 2022-2032.
The report states that the market is expected to reach the valuation of ~US$ 1,073.2 Mn by the end of year 2022. As per FMI, the networks are becoming even more fragmented, complicated, and challenging to administer as a result of the ongoing adoption of software-defined networking (SDN), the development of cutting-edge data centre fabric designs, and the widespread use of hybrid clouds. This has been made worse by the pandemic, which forced business networks to develop quickly in order to handle the huge increase in user base that need a wide range of services.
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This growing usage led to a parallel evolution of network security threats. Organizations all around the world are implementing NetOps to speed up and improve access to their networking operations and services in order to increase their network resiliency. Thus, the advantages offered by the NetOps is driving the market demand.
Key Takeaways: NetOps Market
- By solution, the services segment is anticipated to account for the leading share in the global demand for NetOps market in 2022. Moreover, the segment is estimated to grow at a CAGR of 17.9% through 2032.
- By enterprise size, the SMEs segment is anticipated to grow at a CAGR of 18.1% between 2022 & 2032.
- By deployment, the cloud segment is expected to grow at a highest CAGR of 18.4% between 2022 & 2032.
- By network type, the virtual segment is anticipated to grow at a CAGR of 20.2% between 2022 & 2032.
- South Asia and Pacific is expected to progress at the highest CAGR of around 19.4% followed by East Asia in 2032.
- The market in Japan is expected to progress at a CAGR of around 21.9% through 2032.
- In India, sales are expected to grow at a CAGR of close 23.8% over the next ten years.
“NetOps is highly utilized in the large enterprises because in the large enterprises, network operations solution is used for network troubleshooting and updating of networks elements. It offers the capability to manage and create agile networks that continuously changes. Thus, the advantages offered by the network operations in large enterprises are driving the market growth.” says FMI analyst.
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NetOps offers Advantages such as Agility, Resilience, and Transparency
A comprehensive approach to networking that emphasizes quicker deployments, fixes, and upgrades includes NetOps. A swift response to quickly altering corporate objectives is the result of this perspective.
The NetOps method makes use of software to track network performance by analysing and gathering usage information. In this approach, prospective problems are identified in the beginning and fixed before they materialise. Systems that react more quickly to accomplish daily business goals will put businesses in a better position to react to unfavourable or unforeseen circumstances. Thus, it is anticipated that market demand would be driven by the benefits provided by NetOps, such as resilience, agility, and transparency.
More Valuable Insights on NetOps Market
Future Market Insight’s report on the NetOps research is segmented into six major sections – solution (network operation tools, services (professional services (network consulting and planning, network integration and implementation, and support and maintenance), managed services), deployment (on-premises, cloud), network type (physical, virtual, hybrid), enterprise size (SMEs, and large enterprises), industry (finance, manufacturing and resources, services, public sector, infrastructure) and region (North America, Latin America, Europe, East Asia, South Asia & Pacific, and the Middle East & Africa), to help readers understand and evaluate lucrative opportunities in the NetOps outlook.
NetOps Market Outlook by Category
By Solution, NetOps Market is segmented as:
- Network Operation Tools
- Services
- Professional Services
- Network Consulting and Planning
- Network Integration and Implementation
- Support and Maintenance
- Managed Services
By Deployment, NetOps Market is segmented as:
- On-premises
- Cloud-based
By Enterprise Size, NetOps Market is segmented as:
- Small Offices (1–9 employees)
- Small Enterprises (10–99 employees)
- Medium-sized Enterprise (100–499 employees)
- Large Enterprises (500–999 employees)
- Very Large Enterprises (1,000+ employees)
By Network Type, NetOps Market is segmented as:
- Physical
- Virtual
- Hybrid
By Industry, NetOps Market is segmented as:
- Finance
- Banking
- Insurance
- Investment/Securities
- Manufacturing & Resources
- Discrete Manufacturing
- Process Manufacturing
- Resource industries
- Agriculture
- Distribution Services
- Retail
- Wholesales
- Transportation /Logistics Services
- Warehousing & Storage
- Shipping
- Services
- IT/Professional Services
- Consumer & Personal Services
- Media, Entertainment & Publishing
- Travel & Hospitality
- Legal Services
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Author:
Sudip Saha is the managing director and co-founder at Future Market Insights, an award-winning market research and consulting firm. Sudip is committed to shaping the market research industry with credible solutions and constantly makes a buzz in the media with his thought leadership. His vast experience in market research and project management a consumer electronics will likely remain the leading end-use sector cross verticals in APAC, EMEA, and the Americas reflects his growth-oriented approach to clients.
He is a strong believer and proponent of innovation-based solutions, emphasizing customized solutions to meet one client’s requirements at a time. His foresightedness and visionary approach recently got him recognized as the ‘Global Icon in Business Consulting’ at the ET Inspiring Leaders Awards 2022.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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