- The key vendors in the global network management software market 2015-2019 are CA Technologies Inc., Hewlett-Packard (HP) Co., International Business Machines (IBM) Corp. and NetScout Systems Inc.
London, 12 May 2015: Technavio, an independent tech-focused global research firm, has announced the publication of its market research report on the global network management software market 2015-2019. The automation of network management software tools is one of the key trends upcoming in this market. The adoption of network management software is expected to help end-users in overcoming network-related challenges such as detecting network faults, network configuration auditing, and compliance analysis. Also, the automation of network management software optimizes the fault and security management process. It is estimated that the global network management software market 2015-2019 is expected to experience steady growth at a CAGR of 6.95% during the period 2014-2019.
Network management solutions provide a framework for achieving interactivity and communication across heterogeneous operating systems and telecommunication networks. They enable network managers to supervise individual components of a network in a large network framework spread across a vast area.
“Network management vendors are making in-house teams for developing revenue assurance, fraud management, and cost management solutions,” says Faisal Ghaus, Vice President of Technavio Research.
“Some of the leading vendors are obtaining these services through consultancy providers and solution developers. In view of this, vendors are developing advanced technologies, including integrated revenue optimization solutions that have revenue assurance, fraud management, and cost and margin analysis capabilities.”
To define the market conditions in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
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