Network Configuration and Change Management (NCCM) Market Data Analysis and Industry Growth | Strategy market research consultancy
Network Configuration and Change Management (NCCM) market size is expected to grow from US $ 1,645.31 MN in 2020 to US $ 3,351.27 MN by 2028, at a CAGR of 9.3 %.
The market report ‘Network Configuration and Change Management (NCCM) Market by Components (Software and Services), Deployment Modes (On-Premises and On-Demand), Organization Sizes (Small and Medium Businesses ( SMEs) and large enterprises), end users (Banking, Financial Services and Insurance (BFSI), Education, Energy, Government, Healthcare, Manufacturing, Retail, Medical Authority and Telecommunications and Information Technology (IT)), Channels (Distributor and Direct Selling) and Region 2028 “. The Network Configuration and Change Management (NCCM) market is growing at a CAGR of 9.3% by 2028, owing to the assumption of multi-vendor devices and industry compliance.
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On the basis of components, the services segment is expected to grow at the highest CAGR segment during the study period. On the basis of components, the market is categorized into software and services. The services segment is expected to be the fastest growing market segment, driven strongly by the fact that more and more organizations are now outsourcing their IT operations to third party vendors. Depending on the size of the organization, the small and medium business (SME) segment is expected to grow faster during the forecast period. Based on the size of the organization, the market is divided into Small and Medium Enterprises (SMEs) and Large Enterprises. The Small and Medium Business (SMB) segment is expected to grow faster over the forecast period, due to the extent of flexibility and automation allowed by configuration management tools which can be of great benefit.
By geography, Asia-Pacific is expected to dominate the market Based on geography, the market is segmented into North America, Europe, Asia-Pacific, South America, Middle East, and Africa. Asia-Pacific enjoys a dominant position in the market, owing to the increasing adoption of networking technologies, the emergence of SMEs and continued investments in technological advancements.
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The main players in this market are AlterPoint, BMC Software, Inc., CA Technologies, Inc., Cisco Systems, Inc., Dell EMC, Dorado Software, Inc., Hewlett Packard Enterprise Development LP (HPE), IBM Corporation, Manageengine and SolarWinds Worldwide LLC.
On the component basis, the software segment is expected to experience lucrative growth during the forecast period, owing to the presence of numerous software vendors and the growing demand for cloud-based software solutions. Software is the building block of a network configuration and change management solution. Many companies deploy such solutions to effectively manage their complex network architecture.
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