PUBLISHER: The Business Research Company | PRODUCT CODE: 1499892
PUBLISHER: The Business Research Company | PRODUCT CODE: 1499892
Network configuration and change management encompass the process of overseeing alterations to network hardware and configurations to ensure security, stability, and adherence to industry and organizational standards. This discipline involves automating changes, minimizing network downtime, backing up and restoring network device configurations, and ensuring compliance with relevant regulations.
The primary components of network configuration and change management are software and services. Software refers to programs and applications designed to execute specific tasks or functions on electronic devices. It can be deployed both on the cloud and on-premises to cater to organizations of various sizes, including large enterprises and small to medium-sized enterprises. Additionally, it spans across various industry verticals such as banking, financial services and insurance (BFSI), telecommunications and information technology, manufacturing, retail, and government sectors.
The network configuration and change management market research report is one of a series of new reports from The Business Research Company that provides network configuration and change management market statistics, including network configuration and change management industry global market size, regional shares, competitors with a network configuration and change management market share, detailed network configuration and change management market segments, market trends and opportunities, and any further data you may need to thrive in the network configuration and change management industry. This network configuration and change management market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The network configuration and change management market size has grown rapidly in recent years. It will grow from $1.72 billion in 2023 to $1.91 billion in 2024 at a compound annual growth rate (CAGR) of 10.5%. The expansion witnessed during the historical period can be attributed to several factors, including the increasing complexity of network environments, growing concerns regarding security, the emergence of digital transformation initiatives, the demand for operational efficiency, the growth of remote workforce models, and the increasing adoption of DevOps and agile practices.
The network configuration and change management market size is expected to see rapid growth in the next few years. It will grow to $2.87 billion in 2028 at a compound annual growth rate (CAGR) of 10.8%. The anticipated growth in the forecast period can be attributed to several factors, including the increasing adoption of cloud-based infrastructure, a heightened emphasis on zero-trust security models, the proliferation of Internet of Things (IoT) devices, the expansion of edge computing technologies, and a focus on network automation and orchestration. Key trends expected during this period encompass the adoption of cloud-native solutions, the implementation of zero-trust security frameworks, efforts to optimize network performance, the management of edge computing environments, and advancements in visibility and analytics capabilities for network management.
The rise in cybersecurity threats is anticipated to drive the expansion of the network configuration and change management market in the foreseeable future. Cybersecurity threats encompass various malicious activities, attacks, and vulnerabilities targeting digital systems, networks, and data, fueled by technological advancements, economic incentives, human factors, and insufficient security awareness. Effective network configuration change management plays a crucial role in cybersecurity by facilitating the prompt identification of changes, preventing unauthorized alterations, and supporting incident response efforts. For instance, the Australian Cyber Security Centre reported a 13% increase in cyberattack reports in 2022 compared to 2021, highlighting the escalating cybersecurity threat landscape. Consequently, the growing cybersecurity threats are propelling the growth of the network configuration change management market.
Key players in the network configuration and change management market are prioritizing the development of innovative solutions to gain a competitive advantage. One such solution is cloud-based networking platforms, which are software-defined networking (SDN) solutions enabling organizations to manage and access both cloud-based and on-premises network infrastructures through a unified interface. For example, Cisco Systems, Inc. introduced the Cisco Networking Cloud in June 2023, offering a streamlined management experience for networking gear across various domains, including campuses, data centers, and the Internet. This platform simplifies networking management, enhances performance, and reduces human workloads by providing a consolidated interface for overseeing both cloud-based and on-premises assets.
In March 2024, International Business Machines Corporation (IBM) bolstered its capabilities in automating network and IT infrastructure tasks by acquiring Pliant.io Inc. for an undisclosed sum. This strategic acquisition aims to enhance IBM's expertise in network configuration and change management, enabling automation of infrastructure resource provisioning, traffic management, and configuration management for traditional networks, IT infrastructure, and public clouds. Pliant.io Inc. specializes in offering network configuration and change management capabilities and is based in the United States.
Major companies operating in the network configuration and change management market are Huawei Technologies Co. Ltd., Accenture Plc, Cisco Systems Inc., Broadcom Inc., Nokia Corporation, Palo Alto Networks Inc., Juniper Networks Inc., Fortinet Inc., Arista Networks Inc., Citrix Systems Inc., Splunk Inc., F5 Networks Inc., Check Point Software Technologies Ltd., Extreme Networks Inc., Zscaler Inc., Netscout Systems, SolarWinds Worldwide LLC, Riverbed Technology Inc., Gigamon Inc., FireEye Inc., Radware Ltd., A10 Networks Inc., Blue Coat Systems, Silver Peak Systems Inc., Opengear Inc.
North America was the largest region in the network configuration and change management market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the network configuration and change management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the network configuration and change management market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The network configuration and change management market includes revenues earned by entities by providing services such as compliance management, configuration documentation, performance monitoring, and change impact analysis. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Network Configuration And Change Management Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on network configuration and change management market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for network configuration and change management? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The network configuration and change management market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.