What Has Been the Progress and Growth of the Network Configuration And Change Management Market in Recent Years?
The network configuration and change management market has seen considerable growth due to a variety of factors.
• The market size for network configuration and change management has expanded rapidly over the recent years. From $1.91 billion in 2024, it is projected to swell to $2.12 billion in 2025, marking a compound annual growth rate (CAGR) of 11.0%.
Factors driving this growth during the historic period include the increased complexity of network environments, heightened security concerns, the progression of digital transformation, demand for operational efficiency, growing remote workforce, and the ascendancy of devOps and agile methodologies.
What Is The Expected Growth In The Network Configuration And Change Management Market Size Evolve over the Forecast Period?
The network configuration and change management market is expected to maintain its strong growth trajectory in upcoming years.
• The market for network configuration and change management is predicted to witness accelerated growth in the coming years, with an expected valuation of $3.17 billion by 2029, and a compound annual growth rate (CAGR) of 10.7%.
The significant growth within this forecast period is linked to various factors including the increased adoption of cloud-based infrastructure, the focus on zero-trust security models, the rapid proliferation of internet of things (IoT) devices, the development of edge computing, and the emphasis on network automation and orchestration. The forecast period trends to lookout for are the adoption of cloud-native solutions, the importance of zero trust security, better network performance optimization, edge computing management, and enhanced visibility and analytics.
What Main Forces Are Fueling Expansion In The Network Configuration And Change Management Market?
The escalation of cybersecurity risks is anticipated to fuel the expansion of the network configuration and change management market in the future. These cybersecurity risks pertain to increased rate and complexity of vicious activities, cyber-assaults, and susceptibilities that endanger digital systems, networks, and data. The rise in these threats can be attributed to technological innovation, economic motives, human elements, and a deficiency of security consciousness among people. The role of network configuration change management is crucial for cybersecurity as it allows for rapid detection of changes, checks unauthorized modifications, and supports incident response measures. As an example, the Australian Cyber Security Centre, a cyber security institution based in Australia, reported that the number of cyberattack incidents recorded in 2022 was 76,000, reflecting a 13% upsurge from 2021. Hence, the escalation of cybersecurity threats is stimulating the expansion of the network configuration change management market.
What Are The Primary Segments In The Global Network Configuration And Change Management Market?
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
Subsegments:
1) By Software: Configuration Management Software, Change Management Software, Network Monitoring Software, Automation And Orchestration Software
2) By Services: Professional Services, Managed Services
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What New Trends Are Influencing The Network Configuration And Change Management Market?
Significant players in the network configuration and change management market are intent on creating ground-breaking solutions like cloud-based networking platforms to maintain their competitive position. A cloud-based networking platform encompasses a software-defined networking (SDN) solution, which assists organizations in managing and accessing both cloud-based and on-site network infrastructure via a singular interface. For example, Cisco Systems, Inc., an American technology corporation, introduced the Cisco Networking Cloud in June 2023. Through this platform, the administration of networking equipment is streamlined, and a singular platform experience is delivered for managing every networking domain, starting from campuses to data centers to the internet. The platform enables a combined interface to supervise both cloud-based and on-site assets. This merged experience assists in eliminating silos, guaranteeing efficiency, and decreasing manual workload, thereby proving to be an advantageous asset for organizations.
Who Are the Key Players In The Network Configuration And Change Management Market?
Major companies operating in the network configuration and change management market report are:
• Huawei Technologies Co. Ltd.
• Accenture Plc
• Cisco Systems Inc.
• Broadcom Inc.
• Nokia Corporation
• Palo Alto Networks Inc.
• Juniper Networks Inc.
• Fortinet Inc.
• Arista Networks Inc.
• Citrix Systems Inc.
• Splunk Inc.
• F5 Networks Inc.
• Check Point Software Technologies Ltd.
• Extreme Networks Inc.
• Zscaler Inc.
• Netscout Systems
• SolarWinds Worldwide LLC
• Riverbed Technology Inc.
• Gigamon Inc.
• FireEye Inc.
• Radware Ltd.
• A10 Networks Inc.
• Blue Coat Systems
• Silver Peak Systems Inc.
• Opengear Inc.
What Is The Most Dominant Region In The Network Configuration And Change Management Market?
North America was the largest region in the network configuration and change management market in 2024. 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.
