Network Management Market Expected to Reach $6.35 Billion by 2018 - Report by MarketsandMarkets

Network Management Market research report focuses on key drivers, restraints, opportunities, future growth potential market sizes and global adoption trends. (http://www.marketsandmarkets.com/Market-Reports/network-management-market-1041.html)

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Key Playersin the Network Management Market are Cisco, IBM, Juniper Networks, HP, Dell, EMC, Solar Winds and many more.

(PRWEB) June 28, 2014

The report "Network Management Market Performance Monitoring and Management, IP Address Management, Traffic Management, Device Management, Configuration Management, Security Management - Worldwide Market Forecasts and Analysis 2018”, defines and segments the global network management market into various sub-segments with an in-depth analysis and forecasting of revenues. The report also identifies the factors driving this market, various restraints and opportunities impacting it along with the technology roadmap and adoption trends.

Browse 97 market data tables and 36 figures spread through 204 pages and in-depth TOC on “Network Management Market."
http://www.marketsandmarkets.com/Market-Reports/network-management-market-1041.html

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MarketsandMarkets broadly segments the global network management market by regions: North America (NA), Asia Pacific (APAC), Europe, Middle East and Africa (MEA), and Latin America (LA); by solutions: network performance monitoring and management, IP Address Management (IPAM), network traffic management, network device management, network configuration management, network security management and others; by services: consulting, integration, support and others; by users: Small and Medium-sized Businesses (SMBs) and large enterprises; by industry verticals: government, education and academia, defense, hospitality, telecom and Information Technology (IT), oil and gas, energy and utilities, transportation and logistics, manufacturing, retail and consumer goods, Banking, Financial Services, and Insurance (BFSI), media and entertainment, healthcare and others.

MarketsandMarkets forecasts the global network management market to grow $6.35 billion in 2018. In terms of regions, North America is expected to be the biggest market in terms of market size, while Europe and Asia-Pacific (APAC) are expected to experience increased market traction, during the forecast period.

The challenge to counter the increasing number of network security breaches and existence of outdated network management systems in organizations is enormous. The vendors in the network management market are constantly innovating and remodeling their existing architecture to develop better and more secure systems. Major vendors in the network management market are Cisco, IBM, Juniper Networks, HP, Dell, EMC, SolarWinds and so on. The major forces driving this market are increased number of network security breaches, and the ever-growing network.

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With the ever-growing network and exponentially increasing network security breaches, the need for superior network management tools is imperative. The increase in data volume for real-time, video, social networks, virtualization, Voice over Internet Protocol (VoIP), cloud, Unified Communications and Collaboration (UC&C) and intelligent electronic devices, have compelled the enterprises to adopt wider network. As a result, bar for network manageability is also increasing. Enterprises are focusing on simplifying network distribution and employing better management tools to ensure adequate business delivery.

There is a gradual shift towards adoption of open source network management tools. In either case, the network management market is set to gain traction in the market. Start-ups are coming up with new approaches to network monitoring and management.

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