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Unified Network Management Market Size
Unified Network Management Market size is projected to expand at significant rate from 2024 to 2032. The widespread availability of Wi-Fi routers with Ethernet ports that can connect devices to the home network with an Ethernet cable is providing access to both wired and wireless devices. The escalating adoption of IoT-connected devices and the subsequent increase in the need for secured connectivity will augment the demand for unified network management systems in coming years.
Significant increase in cyber-attacks and the mounting requirement for data security are some of the key trends characterizing the market outlook through 2032. According to Xerox Corporation, in January 2024, hackers infiltrated the U.S. division of Xerox Business Solutions (XBS) and exposed a limited amount of personal information. Similarly, in December 2023, hackers infiltrated Global Affairs Canada's secure VPN. Such an increase in cyber threats will push the demand for unified threat management networks, given their capability to provide a single point of protection against malware, viruses, network attacks, and other threats.
Unified Network Management Market Trends
The increasing complexity of networks due to the integration of diverse technologies like cloud computing, IoT, and SD-WAN is driving the demand for centralized management solutions. The rising need for network security and compliance with regulatory standards is increasing the penetration of unified management platforms capable of providing comprehensive monitoring and control. The growing trend of remote work and the proliferation of mobile devices is also driving the necessity for efficient network management services. The emergence of AI and machine learning technologies for network analytics is enhancing the capabilities of unified management systems, further stimulating the market growth.
Unified Network Management Market Analysis
With respect to end-user, the communication service provider (CSP) segment is estimated to account for sizeable revenue share of the unified network management market through 2032. This can be attributed to the increasing demand for managing complex networks efficiently, especially in the face of expanding services like 5G and IoT. The need for enhancing operational efficiency and reducing costs amid intense competition is pushing CSPs to invest in unified management solutions. Increasing focus on delivering superior customer experiences and ensuring network reliability is fueling the uptake of comprehensive management platforms. Regulatory requirements and the surging need for network security will further drive the segment growth.
Latin America unified network management industry revenue will expand at notable rate from 2024 to 2032. The rapid digital transformation across the region is accelerating the demand for efficient network management solutions to support expanding connectivity needs. The adoption of cloud-based services and IoT devices is increasing, necessitating robust network management tools for monitoring and optimization. The growing emphasis on cybersecurity amidst the rising cyber threats is driving investments in comprehensive management platforms. The expansion of telecommunications infrastructure and the rollout of 5G networks will further bolster the deployment of unified network management solutions across various industries in the region.
Unified Network Management Market Share
Key players in the unified network management industry are implementing strategic expansion tactics like mergers, acquisitions, partnerships, and intensified investments in R&D to diversify their product offerings and solidify their market footprint.
Some of the major unified network management companies are:
- Telefonaktiebolaget LM Ericsson
- Juniper Networks
- IBM Corp.
- Huawei Technologies Co. Ltd.
- Hewlett-Packard Company
- Dell EMC
- Cisco Systems Inc.
- CA Technologies (Broadcom Inc.)
- Avaya
- Alcatel-Lucent (China Huaxin Post and Telecom Technologies Co., Ltd.)
Unified Network Management Industry News:
- In June 2023, CommScope, a provider of network infrastructure, unveiled three fresh RUCKUS Networks solutions, presenting enterprises and service providers with innovative approaches for deploying, managing, and operating next generation purpose-driven networks.