New York, NY, Aug. 08, 2019 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Network Configuration and Change Management Market By Component (Software and Services), By Deployment (On-Premises and On-Demand), By Industry Vertical (BFSI, Education, Healthcare, IT and Telecom, Government, Energy, and Others), and By End-User (SME and Large Enterprises): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025’’. According to the report, the global network configuration and change management market was around USD 1,279 million in 2018 and is expected to reach approximately USD 2,094 million by 2025, at a CAGR of slightly above 7.3% between 2019 and 2025.
The network configuration and change management system provides continuous monitoring and real-time alerts in case of any change in the configuration, which helps in improving network management, especially in a multi-vendor network infrastructure. The problems are fixed before the change can impact the network configuration. Furthermore, it helps in reducing human errors that are caused due to manual changes in the configuration along with detecting, alerting, and auditing the changes and facilitating configuration updates to network admins. The major driver of the network configuration and change management market globally is the rising demand for network infrastructure upgrades and increasing complexity of these networks. Furthermore, the rising applications of software-defined network (SDN) and network function virtualization (NFV) have also increased worldwide the technological adoption.
Browse through 71 Tables & 31 Figures spread over 174 Pages and in-depth TOC on “Global Network Configuration and Change Management Market Size, Share, Growth, Analysis, and Forecast, 2018–2025”.
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SDN ensures a network’s improved agility and flexibility, which helps in making the network alert to any changes and simultaneously reduces the overall response time of changing business demands. However, increased competition in the implementation of this technology is expected to limit the network configuration and change management market to some extent.
The network configuration and change management market is fragmented on the basis of component, deployment mode, industry vertical, and end-user. By industry vertical, the BFSI sector uses network configuration and change management to track their customers, avoid any type of fraud, and tackle any security breach in the network. The utmost priority for the BFSI sector is to ensure their customers to conduct transactions in a safe and secure manner. This can be achieved by implementing network configuration and change management in the organization. Furthermore, the IT and telecom sector is one of the fastest-growing segments in this market. The expansion in infrastructure, size, and population enables this technology to make complex operations simple, which helps in managing the network and the devices connected to it.
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North America consists of majorly developed countries like Canada and the U.S., which have advanced and complex network infrastructure, leading to the rising network configuration and change management demand. The U.S. is a developed economy that is continuously investing in advanced technologies, which gives the country various opportunities to increase the productivity and efficiency of the workers by employing more workers. Hence, the network configuration and change management market is predicted to grow in the future, owing to the growing demand for adaptable IT infrastructure that is being driven by the integration of new technologies.
The Asia Pacific region is estimated to grow notably in the network configuration and change management market, due to the substantial developments witnessed in countries like India, China, and Japan. India has witnessed a rise in the adaption rate of cloud in both public and private sectors. Therefore, the Indian government is upgrading its network infrastructure by adopting latest technologies to make operations easy for both the sectors, as the network configuration and change management is cost-effective in nature and offers affordable solutions to manage networks.
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Europe is anticipated to be one of the major contributors to the network configuration and change management market globally, owing to its acceptance and implementation of innovation and various technological advancements across this region. The UK is expected to grow significantly in terms of financial technology applications. The country uses network configuration to overcome network complexities and financial technology applications.
The Middle Eastern and African region is predicted to grow moderately in the network configuration and change management market, owing to its flourishing IT and financial sectors. The IT sector is anticipated to be the fastest-growing regional sector. The regional countries are upgrading their network infrastructure by using the latest technologies to automate and standardize their existing business methods. Moreover, the region is also moving toward digital business and artificial intelligence, which will lead to further complexities.
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Latin America is estimated to grow substantially in the network configuration and change management market over the forecast timeframe, owing to its developing telecommunication sector. As telecom providers are upgrading their technologies, their customer base is also growing. Thus, to maintain a secure network and avoid any errors, network configuration and change management technology is used. This technology also eases the process and provides solutions for backhaul operations.
Some noticeable players of the network configuration and change management market are Cisco, HP, IBM EMC, Ipswitch, SolarWinds, ManageEngine, Alter Point, Dorado Software, Netcordia, Uplogix, Quest Software, and NetBrain Technologies.
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This report segments the global network configuration and change management market into:
Global Network Configuration and Change Management Market: Deployment Analysis
- On-Premises
- On-Demand
Global Network Configuration and Change Management Market: Component Analysis
- Software
- Services
Global Network Configuration and Change Management Market: Industry Vertical Analysis
- BFSI
- Education
- Healthcare
- IT and Telecom
- Government
- Energy
- Others
Global Network Configuration and Change Management Market: End-User Segment Analysis
- SMEs
- Large Enterprises
Global Network Configuration and Change Management Market: Regional Analysis
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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