Pune, India, March 16, 2021 (GLOBE NEWSWIRE) — Market analysis — Market Research Future (MRFR) forecasts the global network configuration and change management market size to reach USD 2277.9 million at a CAGR of 7.6% from 2019 to 2026 (forecast period).
With the increase in business needs, many configuration changes take place on a daily basis. Although network administrators can make changes manually, there is a high chance that these changes will cause errors, leading to faulty configurations. Improper configuration is easily prone to vulnerabilities, which could even cause network errors. Network Configuration Manager allows users to perform automated backups whenever a change is made to a configuration, schedule backup configurations for tasks that require frequent backup operations, and back up device configurations immediately /groups of devices with a single click. One of the main advantages of the network configuration is that it prevents misuse of data using access control. The platform allows the administrator to control network changes, simplifying the process of configuration and change management. Reports of all changes made by various users can also be generated. Network configuration managers also help in tracking all the changes made in real time using change management.
Network Configuration Managers are particularly designed to serve this purpose and facilitate comprehensive Network Change and Configuration Management (NCCM).
Network configuration and change management is made up of a variety of different solutions used by businesses working in all industries. These solutions allow companies to effectively manage their business. With the growing complexity of networks, network configuration and change management solutions are growing, driving the entire industry.
The global network configuration and change management industry is fueled by network automation across industry verticals and the time to market and return on investment provided by the deployment of these solutions. Moreover, the increasing adoption of cloud-based solutions is also driving the market.
Get a free sample PDF brochure:
Impact of COVID-19 on the Global Network Configuration and Change Management Market
The implementation of a series of regulations by the governments of different countries to deal with the COVID-19 pandemic, such as a complete shutdown of manufacturing facilities, is expected to impact the growth of the global configuration market. network and change management.
The global network configuration and change management industry has been segmented on the basis of components, deployment, organization size, and vertical.
On the basis of components, the global network configuration and change management market has been segmented into software and services. The Services segment includes integration and deployment, consulting, maintenance and support services. The software segment captured the largest share of the overall market in 2019. Many companies are deploying such solutions to efficiently manage their complex network architecture, which is driving the market.
On the basis of deployment, the global network configuration and change management market has been segmented into on-premises and cloud-based. The cloud-based segment is expected to register the highest CAGR during the forecast period.
Based on organization size, the global network configuration and change management market has been segregated into small and medium enterprises and large enterprises. The SME segment is expected to grow at the highest CAGR during the forecast period.
On the basis of vertical, the global network configuration and change management market has been segmented into BFSI, retail, IT & telecommunications, manufacturing, government, and others. The IT and telecommunications segment obtained the largest market share in 2019.
Browse the in-depth market research report (141 pages) on the network configuration and change management industry:
Regionally, the global network configuration and change management market has been segmented into Asia-Pacific, Europe, North America, Middle East & Africa, and South America.
North America will dominate the global NCCM market
North America leads the market in terms of market share in the global network configuration and change management market. Some of the key market growth factors include continued investment and focus on network configuration and change management between businesses of all sizes. Presence of numerous software vendors in the market is another factor that greatly contributed to the growth of the North America network configuration and change management market in 2019. North America is divided into the states United States, Canada and Mexico. According to the MRFR study, the United States is expected to hold the largest market share, followed by Canada and Mexico. The network configuration and change management industry in North America is expected to grow owing to the growing demand for cloud-based software solutions.
Europe is second in the market. In this report, Europe has been segmented into UK, Germany, France, Italy and Rest of Europe. Of these, the UK held the largest share of the overall market. However, the rest of the European market is expected to show the highest CAGR during the forecast period.
Ask your questions :
With the presence of an array of international and regional players, the global network configuration and change management market is relatively fragmented and competitive. Market players are heavily engaged in technological growth, global expansion, and mergers and acquisitions to protect their position in the market.
Major Players of Global Network Configuration and Change Management Market are
- BMC Software (US)
- IBM (US)
- Cisco Systems, Inc. (USA)
- CA Technologies (USA)
- HP (US)
- Solarwinds (USA)
- EMC Corporation (USA)
- Alterpoint (USA)
- Manageengine (India)
- Dorado Software (US)
In May 2020, BMC, a provider of IT solutions for digital businesses, entered into a definitive agreement to purchase Compuware, a Thoma Bravo company and a provider of mainframe application development, delivery and support solutions.
Browse related reports:
Global Network Management Market Research Report: Insights by Component (Transcoding & Processing, Video Management, Video Broadcast & Distribution, Video Security), by Streaming Type (Live, Video on Demand), Deployment, Vertical
Unified Network Management Market, By Type (Wired, Wireless), Solution (Traffic Management, Application & Server Management), Services (Training & Support, Consulting), By Deployment (Cloud, On-Premise), By organization size (enterprise, SME Enterprise), per end user
Network Security Policy Management Market Research Report, By Component (Solution & Services), Deployment Mode (On-Premise & Cloud), Vertical (BFSI, Government & Defense, Healthcare)
Global Active Grid Management Market Research Report: By Component (Software & Services), Organization Size & Application (Power Generation, Power Grid & Transmission, Oil & Gas, and Processing & Distribution water) – forecast until 2024
Network Functions Virtualization Market, By Application (Switching Elements, Traffic Analytics, Next-Gen Signaling), Deployment (Cloud, On-Premise), By Infrastructure (Hardware Resources, Virtualized Resources), By End User (CSP, BFSI) , cloud service provider )
Global Configuration Management Market Research Report: By Component (Solution, Service Management, and Professional), Company Size (Large Enterprise and Small-Medium Enterprise), Vertical (BFSI, Retail 8 Goods) (Consumer, Transportation, Energy & Utilities, Healthcare, Manufacturing, and Other) and Region (North America, Europe, Asia-Pacific, Middle East, and Africa and South America) – Forecast to 2024
About Market Research Future:
At Market Research Future (MRFR), we enable our clients to unravel the complexity of various industries through our Cooked Research Reports (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Research in Continuous Feeding (CFR ) and Market Research and Consulting Services.