Network Management Market Forecasts to 2030 - Global Analysis by Component (Platform, Solutions and Services), Deployment Mode (On-Premises, Cloud and Hybrid), Organization Size, Service Provider, End User and By Geography

According to Stratistics MRC, the Global Network Management Market is accounted for $11.4 billion in 2024 and is expected to reach $21.7 billion by 2030, growing at a CAGR of 11.2% during the forecast period. The process of overseeing, maintaining, and managing network infrastructure to guarantee peak performance, security, and dependability is known as network management. Network configuration, fault detection, performance monitoring, and security management are among the tasks it includes. To stop outages, fix vulnerabilities, and guarantee smooth data flow, network administrators manage network resources using tools and protocols.

According to Dataquest's analysis of the router marketplace, remote-access routers constitute more than 35% of the router market.

Market Dynamics:

Driver:

Rapid expansion of digital services

The rapid expansion of digital services is a key driver for the network management market. As businesses increasingly adopt cloud computing, IoT, and 5G technologies, the complexity of managing networks grows. This drives demand for advanced network management systems that can optimize performance, ensure reliability, and enhance security. Additionally, the rise in data traffic and connected devices requires solutions that can handle large-scale network operations efficiently, further fueling the need for network management tools.

Restraint:

High implementation costs

Deploying and maintaining sophisticated network management systems requires substantial financial investment, particularly for small and medium-sized enterprises (SMEs). The costs associated with hardware, software, and skilled personnel can be prohibitive. Moreover, ongoing expenses for system upgrades and cybersecurity measures add to the financial burden. These high costs may deter some organizations from adopting comprehensive network management solutions, limiting market growth.

Opportunity:

Growth of 5G and IoT

The growth of 5G and IoT presents a significant opportunity for the network management market. As these technologies become more widespread, they introduce new complexities in managing vast networks of interconnected devices. Network management systems will be crucial in ensuring seamless communication between IoT devices and optimizing the performance of 5G networks. The ability to monitor and manage these advanced technologies in real-time will drive demand for innovative solutions that can handle increased data traffic and ensure network reliability.

Threat:

Rising cybersecurity threats

Rising cybersecurity threats are a growing concern within the network management market. As networks become more complex and interconnected, they become more vulnerable to cyberattacks. Hackers target weak points in network infrastructure to steal data or disrupt operations. This increases the need for robust security features within network management systems. However, the constant evolution of cyber threats requires continuous updates and improvements, adding pressure on vendors to stay ahead of potential risks while maintaining system integrity.

Covid-19 Impact:

The Covid-19 pandemic significantly accelerated the adoption of remote work and digital services, leading to increased demand for network management systems. Organizations required reliable solutions to manage remote access and ensure secure communication across distributed networks. This surge in digital transformation created opportunities for vendors offering cloud-based and automated network management tools. However, budget constraints during the pandemic also led some companies to delay investments in new technologies, slightly tempering overall market growth.

The solutions segment is expected to be the largest during the forecast period

The solutions segment is projected to account for the largest market share during the forecast period due to its critical role in managing complex communication infrastructures. Network management solutions enable real-time monitoring, troubleshooting, and optimization of networks across various industries. As organizations increasingly rely on digital operations, these solutions help ensure seamless connectivity and prevent costly downtimes. Their ability to enhance operational efficiency makes them indispensable for businesses seeking to maintain competitive advantage in an increasingly connected world.

The cloud segment is expected to have the highest CAGR during the forecast period

The cloud segment is projected to have the highest CAGR in the network management market during the extrapolated period due to its flexibility and scalability advantages over traditional on-premise solutions. Cloud-based network management allows organizations to monitor their networks remotely without requiring significant hardware investments or maintenance costs. This accessibility is particularly appealing as businesses expand their digital operations globally. The growing adoption of cloud technologies across industries will continue driving demand for cloud-based network management solutions.

Region with largest share:

The North America region is expected to hold the largest share of the market during the forecast period due to its advanced IT infrastructure and high adoption rates of new technologies such as 5G, IoT, and cloud computing. The presence of major technology companies and strong investments in digital transformation initiatives further contribute to this dominance. Additionally, North America's focus on enhancing cybersecurity measures drives demand for sophisticated network management systems that can ensure secure and efficient operations across industries.

Region with highest CAGR:

The Asia Pacific region is expected to register the highest growth rate over the forecast period due to rapid industrialization and increasing investments in smart infrastructure projects across countries like China and India. The region's growing population of internet users and widespread adoption of mobile technologies are creating a surge in data traffic that necessitates efficient network management solutions. Additionally, government initiatives aimed at expanding telecommunications networks are further boosting demand for advanced network monitoring tools in this region.

Key players in the market

Some of the key players in Network Management Market include Cisco Systems, IBM, Microsoft, HPE, Broadcom, Huawei, Nokia, Juniper Networks, SolarWinds, BMC Software, Oracle, Splunk, Dynatrace, Datadog, Siemens, and Riverbed Technology.

Key Developments:

In November 2024, Cognizant and IBM announced the debut of a new FinOps Center of Excellence (CoE), built on IBM's leading FinOps software and Cognizant's cloud and developer platforms. The global innovation center harnesses the strengths of Cognizant's industry and technology expertise, combined with IBM solutions, to help global clients address challenges, including escalating costs, around AI readiness, cloud governance and architecture modernization.

In September 2024, Hewlett Packard Enterprise announced the expansion of HPE Aruba Networking Central, its security-first, AI-powered network management solution, with new AI insights and capabilities that include integration of OpsRamp for third-party network device monitoring of industry vendors such as Cisco, Juniper Networks, and Palo Alto Networks.

In September 2024, Airtel Business, the B2B arm of Bharti Airtel (Airtel), and Cisco, the worldwide leader in networking and security, launched Airtel Software-Defined (SD) Branch - a simple, secure, cloud-based, end-to-end-managed network solution for enterprises. Powered by the Cisco Meraki cloud-first platform, Airtel SD-Branch will enable the unified management of networks across LAN, WAN, security and connectivity over multiple branch locations, helping enterprises to simplify their network management, enhance application performances and provide greater flexibility and control over the entire branch network infrastructure.

Components Covered:

• Platform
• Solutions
• Services

Deployment Modes Covered:

• On-Premises
• Cloud
• Hybrid

Organization Sizes Covered:

• Large Enterprises
• Small & Medium Enterprises (SMEs)

Service Providers Covered:

• Telecom Service Providers (TSPs)
• Cloud Service Providers (CSPs)
• Managed Service Providers (MSPs)
• Internet Service Providers (ISPs)
• Data Center Service Providers

End Users Covered:

• IT & Telecommunications
• BFSI
• Healthcare
• Manufacturing
• Retail & E-commerce
• Government & Defense
• Energy & Utilities
• Transportation & Logistics
• Media & Entertainment
• Education
• Other End Users

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances