The Global Unified Network Management Market is forecast to reach $18.4 Billion by 2025, growing at a CAGR of 14% from 2020 to 2025. High dominance of cloud-based applications along with a rising rate of cybercrimes has been causing a positive impact on the unified network management market. Moreover, increasing demands towards data security solutions and capability of providing improved business productivity sector are acting as major drivers towards boosting the growth of the unified network management market. Rising growth of major industries such as healthcare, IT and telecom and many others have been also causing higher adoption towards network management solutions for uplifting automation processes within their organizations.
Unified Network Management Market Segment Analysis – By Deployment type
On the basis of deployment type, unified network management market has been segmented under cloud and on-premise. Cloud deployed network management solutions is anticipated to have a major growth in the unified network management market during the forecast period 2020-2025. Deployment of cloud networking solutions have been rising rapidly across major industry verticals such as IT and telecom, healthcare and many others due to its capability of offering higher scalability along with offering high networking performance improving workflow efficiency, thus causing higher adoption in the unified network management market. Since the industries generate massive amounts of data, there are high demands towards solutions capable of ensuring efficient and faster network optimization to provide more secured data access across the organizations Cloud network management tools offer the capability of identifying potential attacks or network traffic issues, thus creating high demands in the unified network management market. Additionally, such cloud network tools provide high efficiency, flexibility and speed while monitoring large cloud data volumes across distributed locations in an organization, thus causing significant dominance. Moreover, cloud-based network management solutions are getting highly adopted due to their capabilities of saving additional costs and maintenance expenses towards maintaining IT infrastructures as in on-premise models. Such factors have been acting as a cost-efficient solution while delivery high-efficiency network management features, thus creating major demands from small and medium-sized enterprises.
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Unified Network Management Market Segment Analysis – By Geography
North America is anticipated to have a significant growth in the unified network management market during the forecast period from 2020 to 2025. Presence of some key players such as IBM Corporation, Cisco Systems Inc. and Hewlett Packard Enterprise Companies are acting as major drivers for the growth of unified network management market. Rising adoption of cloud services along with investments towards the research and development activities are also fuelling the unified network management market. Moreover, increasing demands towards network management solutions due to rising industrial growth along with growing rate of cybercrimes has been also causing a major impact for creating higher dominance towards unified network management market.
Unified Network Management Market Drivers
Improved business productivity standards
The capability of providing improved business productivity standards has been acting as one of the major driving factors towards significant growth of unified network management market. Deployment of unified network management solutions helps the organizations to reduce downtime issues through routine monitoring and manage the abnormal network traffic spike or configuration related issues, thus enhancing the business operational activities. Adoption of unified network management solutions have been increasing rapidly as it helps in data delivery regarding the network performance with routine monitoring, thus helping the organizational teams to identify issues faster with high work productivity. Moreover, unified network management tools provide services such as network maintenance, upgrade implementation, monthly status reporting and many others which help to improve the overall network performance, thus helping the network professionals in the firm to optimize the business operations. This helps the organization to check the compatibility of available traffic with the IT infrastructure of the organization by making rewired adjustments, thus ensuring efficient networks operations. The capability of solving and spotting of network issues automatically with the help of unified network management tools have caused its high dominance across various industry verticals, thus reducing manual workloads with improving business productivity.
Growing needs towards data security
Growing needs towards data security has been acting as one of the major driving factors for the rising growth of unified network management market. Since various organizations nowadays have been highly adopting wide range of third party applications, data security has become a major concern for the industries. Moreover, the growth of advanced technologies such as IoT, artificial intelligence and many others have caused increase in organizational data along with poising high-security threats. Rising rate of cybercrimes globally causing security breaches through network hacking has caused the organizations to adopt efficient security tools to ensure network protection within their organization, thus causing high demands for unified network management tools. Loss of sensitive and highly critical information of organizations can cause a negative impact on their business growth, which creates high dominance for such network management tools. Usage of unified network management tools helps in protecting the organizations from various types of malware and breach attacks more efficiently along with maintaining optimum network performance. Firewall log monitoring, IP address detection/screening and many such features of network management tools have helped it to gain much popularity in the market. Such factors have been causing a major impact on the higher adoption towards unified network management tools by early detection of incoming traffic patterns with DDoS as well as various other malicious attacks towards network breaches to avoid unauthorized access and enable high data protection.
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Unified Network Management Market Challenges
High investments have been acting as one of the major challenges towards hampering the growth of unified network management market. Due to rising demands towards increasing workflow processes across industries, demands towards unified network management has been significantly growing. Moreover, the end-use industries need to spend high amounts towards the training of workforce for the efficient operation of unified network management tools as it need skilled expertise. Furthermore, the costs of unified network management software are incremental in nature according to the range of services required by the organizations. Since the free models are not capable of offering high benefits, switching to paid models costs highly, thus creating lesser adoption from small scale businesses. Such factors have been essentially restraining the growth of unified network management market.
Unified Network Management Market Landscape
Partnerships and acquisitions along with product launches are the key strategies of the players in the unified network management Market. The major key players in the Unified Network management market include IBM Corporation, Cisco Systems Inc., Ericsson, Hewlett Packard Enterprise Company, Broadcom Inc., Huawei Technologies Co Ltd., Altacel-Lucent S.A, Dell EMC, Riverbed Technology Inc. and Aerohive Networks.
In August 2020, Arista Networks announced enterprise-grade software as a service offering for its cloud vision platform. This launch offers a fully managed software service that helps in automating multi-domain network spanning within the cloud, thus offering customers to achieve much faster, scalable as well as continuous network assistance.
In February 2020, Ericsson had announced the launch of two artificial intelligence-based offerings within its network services portfolio named Network intelligence and Omni network channel. This product offering was made to help the communication service providers by securing networks and deliver optimum user experiences. These services employ artificial intelligence as well as predictive analytics in order to address the growing challenges with the introduction of technologies such as 5G, digital transformation and many others.
In February 2020, Enea had launched hardware agnostic cloud naïve software named unified data manager for performing network function towards 4G and 5G data management. This software offers the capability of performing 3GPP functions of unified data management along with interoperating with 4G home subscriber server. This launch was made to serve as a critical component across multi-vendor as well as multi-generation network architectures.
Cloud deployed network management solutions are anticipated to have major growth in the unified network management market during the forecast period owing to its capability of offering faster and efficient identification of potential malware and security threats.
Key Players such as IBM Corporation and Cisco Systems Inc. are acting as major drivers towards significant growth of unified network management market in North America.
Increasing needs for data security tools along with the capability of offering improved business operational productivity standards are some of the major driving factors in causing high dominance towards unified network management market.
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