According to the new market research report by IndustryARC titled “Network Management Market: By Service (Consulting, Support, Virtualisation, Integration); By Solution (Network Security Management, Network Device Management, Network Traffic Management, Performance Monitoring & Management, IP Address Management); By Application (Telecom & Information Technology (IT), Education & Academia, Transportation, Government, Defense, Hospitality, Healthcare, Energy and Utilities, Retail & Consumer Goods, Oil and Gas, Banking, Financial & Insurance (BFSI), Media and Entertainment); By End-User (Small Scale Enterprises, Medium Scale Enterprises) & By Geography – Forecast Period (2018-2023),” the global Network Management market will be driven by the increasing demand for network management in industries such as Telecom, BFSI, retail, and others..
Europe will have a significant growth due to the increasing focus on technology.US and Canada have the largest share in the region due to the growing dependency on computer technology.
The growing number of startups across the world and the increasing need for network management products and solutions in the small and medium enterprises are expected to fuel the growth of the market during the forecast period.
Monitoring the network has become a challenge with the arrival of the BYOD(Bring Your Own Device) policy.
• The explosive growth of data owing to social media and other sources will drive the global Network Management Industry.
• The launch of 5G networks in various countries in the next few years will open up ample opportunities for the network Management market.