Pune, India, March 16, 2021 (GLOBE NEWSWIRE) – Market analysis — Market Research Future (MRFR) predicts that the global network configuration and change management market size will reach USD 227.9 million at a CAGR of 7.6% from 2019 to 2026 (forecast period).
With growing business needs, many configuration changes take place on a daily basis. Although network administrators can make changes manually, there is a good chance that these changes could result in errors, resulting in faulty configurations. An incorrect configuration is easily prone to vulnerabilities, which could even cause network errors. Network Configuration Manager enables users to perform automated backups whenever a change is made to a configuration, schedule backup configurations for tasks requiring frequent backup operations, and immediately back up device configurations / device groups with one click. One of the main advantages of network configuration is that it prevents the misuse of data by using access control. The platform allows the administrator to control changes in the network, simplifying the process of configuration and change management. Reports on all changes made by various users can also be generated. Network configuration managers also help track any changes made in real time using change management.
Network Configuration Managers are uniquely designed to serve this purpose and facilitate Complete Network Configuration and Change Management (NCCM).
Network setup and change management are made up of a variety of different solutions used by companies working in all industries. These solutions allow businesses to operate their businesses efficiently. With the increasing complexity of networks, solutions for network configuration and change management are growing, leading the entire industry.
The global network configuration and change management industry is fueled by network automation across all verticals and the time to market and return on investment provided by deploying such solutions. In addition, the growing adoption of cloud-based solutions is also driving the market.
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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 the complete closure of manufacturing facilities, is expected to impact the growth of the global market for the configuration of the COVID-19. 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 effectively 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. The cloud-based segment is expected to register the highest CAGR during the forecast period.
Based on the size of the organization, the global network configuration and change management market has been separated into small and medium enterprises and large enterprises. The SME segment is expected to grow at the highest CAGR during the forecast period.
Based on the vertical, the global network configuration and change management market has been segmented into BFSI, Retail, IT & Telecom, Manufacturing, Government, and Others. The IT and telecommunications segment gained the largest market share in 2019.
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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 leads 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 drivers of market growth include the continued investment and focus on network configuration and change management between companies of all sizes. The presence of numerous software vendors in the market is another factor that has greatly contributed to the growth of the North American Network Configuration and Change Management market in 2019. North America is divided among states United, 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 due to the increasing 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 the 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 register the highest CAGR during the forecast period.
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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 in order to protect their market position.
The major players in the global network configuration and change management market are
- BMC Software (United States)
- IBM (United States)
- Cisco Systems, Inc. (US)
- CA Technologies (United States)
- HP (United States)
- Solarwinds (United States)
- EMC Corporation (United States)
- Alterpoint (United States)
- Manageengine (India)
- Dorado software (United States)
In May 2020, BMC, a provider of IT solutions for digital businesses, entered into a final agreement to purchase Compuware, a Thoma Bravo company and a provider of mainframe application development, delivery and support solutions. .
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