The global network configuration and change management market is evaluated to register a significant CAGR of 8.8% during the review period to surpass USD 2,562.6 million by the end of 2027. The growth of the market is attributed to the increasing digitalization, increasing business expansions, and rising number of small and large enterprises in developed as well as developing regions.
The global network configuration and change management market is expected to record an enormous market expansion in the next few years owing to the automation of networks, time to market and return on investment, and limited capital expense, and low total cost of ownership. Manual network arrangement might cause blunders, misconfigurations, and network flimsiness, delivering it trying to give the excellent administration needed for computerized business activities. Network computerization takes out the requirement for manual network management measures like marking into switches, switches, load balancers, and firewalls to physically change settings before logging out. Furthermore, the adoption of network configuration and change management systems by managed process services is set to propel the growth of the global market in the future. However, the hesitance among ventures may hamper the market development during the estimated period.
The global network configuration and change management market has been classified in terms of component, deployment, organization size, vertical, and region.
Based on components, the network configuration and change management market has been bifurcated into software and services. In terms of deployment type, the global market has been segmented into on-premises and cloud.
By organization size, the global network configuration and change management market is segregated into small and medium enterprises (SMEs) and large enterprises. By vertical segment, the global market is dispersed among BFSI, retail, IT & telecommunication, manufacturing, government, and others.
Geographically, the network configuration and change management market has been studied across North America, Europe, Asia-Pacific, South America, and the Middle East & Africa.
North America led the network configuration and change management market in 2019 with a worth of USD 747.0 million and is set to reach USD 1,253.8 million by 2027 at a CAGR of 7.7%. A geographic with various networking gear should work proficiently because, in case of a force misfortune, server breakdown, or another unfortunate occasion, the network configuration and change management (NCCM) arrangement helps by recuperating configuration settings and re-establishing the gadgets to functional status.
However, the market in the Asia-Pacific locale is assessed to witness the most elevated CAGR of 10.3%during the estimated time frame, 2021–2027.
The key players of the global network configuration and change management market are SolarWinds Worldwide, LLC., Cisco Systems, Inc., IBM Corporation, BMC Software, Inc., and Zoho Corp.
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