Network Configuration and Change Management Market is Expected to Reach $1,368.2 Billion by 2019 - New Report by MicroMarket Monitor
(PRWEB) July 02, 2014 -- The Network Configuration and Change Management market is estimated to grow from $931.0 billion in 2013 to $1,368.2 billion by 2019, at an expected CAGR of 7.2% from 2013 to 2019.
The NCCM market is growing due to the increased investment by the companies in order to save time, cost, and reduce the downtime. The government is adopting NCCM solution to keep the track of all the activities (threats, attacks, and crimes) in real-time, and for prevention against all the threats. The high demand for cloud computing is one of the main reasons for its growth, as it support the cloud related services. In Japan, the networks are evolving rapidly, thus paving the growth for the NCCM solution market.
Some of the key players in the Network Configuration and Change Management Market are Cisco, HP, IBM, Solarwinds, Emc Corporation and so on.
Browse through the market data tables, figures and detailed ToC on the “Network Configuration and Change Management Market ”.
Related reports
North America Network Configuration and Change Management Market
With the increase in the size of the companies, there is huge rise in the large and complex networking system. NCCM support the devices and bring these devices under the same network, thus reducing cost and completing task within time period. NCCM is also in huge demand by enterprise as it decreases the downtime to minimum level. The percentage of cloud users are increasing, thus giving boost to the NCCM market to provide smooth work and effective monitoring of the system in a tenure time.
The North American network configuration and change management market is estimated to grow $346.3 billion in 2013 to $433.3 billion by 2019, at an expected CAGR of 3.9% for the period of 2013-2019.
Europe Network Configuration and Change Management Market
The European countries are seeing rapid increase in the usage of smart phones which gives rise to the better network management for the free flow of work. Thus, it generates demand for NCCM solution, as it is effective to avoid any network related problems and downtime as well. Apart from this, the cloud is very much in demand which will lead to increase in the demand for the NCCM market.
The European NCCM market is estimated to grow $253.2 billion in 2013 to $340.8 billion by 2019, at an expected CAGR of 5.4% for the period of 2013-2019.
Asia-Pacific Network Configuration and Change Management Market
The IT and telecom sector are booming in the APAC region, where the industry is spending heavily, and wants innovation, fast data transfer rate, and reach to the most remote areas. This brings good base for the NCCM market to grow in these industries as it offers effective, quick, and economic solution. Cloud computing is in demand in the APAC region, which is bringing a good base for NCCM. But the challenging factor that NCCM market faces is the entry to the market, as there are pre-existing tie-ups between local network equipment provider and local communication service providers.
The APAC NCCM market is estimated to grow $231.4 billion in 2013 to $434.1 billion by 2019, at an expected CAGR of 12.4% for the period of 2013-2019. The compound annual growth rate indicates that the APAC Network Configuration and Change Management Market is the fastest-growing market.
Rest of World Network Configuration and Change Management Market
The telecom providers are upgrading and updating themselves and increasing their market services at a faster rate, thus generating the need for network management solution to support their technology deployment. Cloud adoption rate is also booming in the MEA market, thus offering the NCCM market a huge scope of growth; since it increases the network efficiency and reduces the downtime.
The MEA NCCM market is estimated to grow $100.1 billion in 2013 to $159.9 billion by 2019, at an expected CAGR of 9.1% for the period of 2013-2019.
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