The global network management services market was valued at more than USD 8 billion in 2016 and is expected to surpass USD 13 billion by 2021.
Procurement market intelligence analysts have announced its latest market research report on network management services for the period 2017-2021. This market analysis discusses the major drivers and key emerging trends that will influence the growth of the network management services market during the forecast period. Some of the top vendors listed in this industry analysis include Cisco, IBM, Alcatel-Lucent, HPE, and Juniper Networks.
In terms of geographical analysis, the Americas was the largest shareholder in the global market during 2016 with a market share of around 42%.
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According to Angad Singh, a procurement specialist at Technavio for research on category spend intelligence, “The global market is currently experiencing a surge in the adoption of open source networking tools. Such tools are being used for monitoring, configuration, and tracking of network drives. Open source networking tools can also be customized on supporting devices and technologies used to test the performance of specific applications.”
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The new procurement market intelligence report analyzes some of the key drivers and trends responsible for the growth of this market and its sub-segments.
Growth in adoption of virtual networks
Virtual networks allow organizations to operate remotely by integrating the Internet with applications and operating systems to procure information directly from data centers. This enables increased security due to the advanced technologies adopted to protect networks from unauthorized users and to reduce the cost of purchasing servers, software, hardware, and network storage devices. However, the design and security implementation for virtual networks is highly complex, creating their need for professional network management services.
Increase in demand for network services
The need for a network service that can help transfer data as well as connect internally within organizations and to people across the globe is propelling the demand for network management services in the global market. The complexity of communication infrastructure increases with the prevalence of network services, resulting in the need for network management services to monitor and maintain such infrastructure by reducing system downtime.
Need to reduce network management efforts
Network management services enable organizations to reduce the number of employees required to maintain networks, leading to minimization of overall organizational expenses. Such services also bring down the network managers’ efforts to manage lower level networking tasks via automated services, allowing them to focus on more complex tasks.
A more detailed analysis is available in the procurement market intelligence report titled, ‘Global Network Management Services – Procurement Market Intelligence 2017’.
