How Is The Global Network Configuration And Change Management Market Defined?
Network configuration and change management is the process of controlling modifications to network hardware and configurations to guarantee security, stability, and adherence to industry and organizational standards. This discipline involves automating changes, reducing network downtime, backing up and restoring network device configurations, and meeting compliance standards.
Network Configuration And Change Management Global Market Report 2024 provides data on the global network configuration and change management market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The Network Configuration And Change Management market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.
How Are The Global Network Configuration And Change Management Market Size And Growth Rates Projected To Evolve?
The network configuration and change management market has experienced rapid growth, rising from $1.72 billion in 2023 to $1.91 billion in 2024 with a compound annual growth rate (CAGR) of 10.5% in the historic period. This growth is driven by the increasing complexity of network environments necessitating efficient configuration and change management solutions, growing concerns over network security prompting investments in robust management frameworks, the rapid pace of digital transformation initiatives driving network modernization efforts, the need for operational efficiency in managing remote workforce dynamics, and the rise of DevOps and agile methodologies promoting rapid deployment cycles. Looking ahead, the market is expected to witness rapid growth, projected to grow to $2.87 billion by 2028 with a CAGR of 10.8%. Factors driving this growth include the expanding adoption of cloud-based infrastructure facilitating centralized configuration management capabilities, heightened emphasis on zero trust security models securing network access and data integrity, proliferation of Internet of Things (IoT) devices necessitating scalable network orchestration solutions, the evolution of edge computing architectures enhancing edge device management, and the focus on network automation driving efficiency gains in configuration and change management processes. Major trends anticipated in the forecast period include the adoption of cloud-native solutions optimizing network management efficiencies, the integration of zero trust security frameworks ensuring comprehensive network protection, focus on network performance optimization enhancing operational agility, management of edge computing environments supporting distributed network architectures, and the deployment of advanced visibility and analytics tools enabling proactive network management strategies.
What Are The Essential Drivers Behind The Growth Of The Network Configuration And Change Management Market?
Growing cybersecurity threats are expected to fuel the network configuration and change management market. Cybersecurity threats pose risks to digital systems, necessitating effective management of network configurations to prevent unauthorized access and respond promptly to incidents. For example, the Australian Cyber Security Centre noted a 13% increase in cyberattack reports to 76,000 in 2022, reflecting heightened vulnerabilities. Network configuration change management solutions play a vital role in enhancing cybersecurity resilience by facilitating efficient change identification and management processes. This growing emphasis on cybersecurity readiness is anticipated to drive significant market expansion through 2028.
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How Is The Global Network Configuration And Change Management Market Divided Into Key Segments?
The network configuration and change management market covered in this report is segmented –
1) By Component: Software, Services
2) By Deployment Mode: Cloud, On-Premises
3) By Organization Size: Large Enterprise, Small And Medium Enterprise
4) By Verticals: Banking, Financial Services And Insurance, Telecommunication And Information Technology, Manufacturing, Retail, Government
What Trends Are Reshaping The Future Of The Network Configuration And Change Management Market?
Companies in the network configuration and change management market are focusing on developing advanced cloud-based networking platforms to stay competitive. A cloud-based networking platform is a software-defined networking (SDN) solution that enables organizations to manage both cloud-based and on-premises network infrastructures from a unified interface. For instance, in June 2023, Cisco Systems, Inc., a US-based technology company, introduced the Cisco Networking Cloud. This platform simplifies network management by providing a single interface for overseeing all networking domains, from campus to data centers to the Internet. It helps break down silos, ensures performance, and reduces human workloads, offering a comprehensive solution for managing network assets.
What Is The Fastest Growing Region In The Network Configuration And Change Management Market?
North America was the largest region in the network configuration and change management market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the network configuration and change management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
