Press release
Network Configuration and Change Management Market 2020 Share, Trend, Segmentation And Forecast To 2026
Market OverviewWith growing business needs, a lot of configuration changes take place on a day to day basis. Even though network admins can carry out changes manually, there are high possibilities that those changes might result in errors, leading to faulty configurations. An incorrect configuration is easily prone to vulnerabilities, which might even cause network errors. A network configuration manager allows users to take automated backups every time a change is made in a configuration, schedule backup configurations for tasks that require frequent backup operations, and offers backup configurations of devices/device groups instantly with a single click. One of the biggest advantages of network configuration is that it prevents the misuse of data using access control. The platform gives the admin the leverage to control the changes in the network, simplifying the configuration and change management process. Reports on all the changes made by different users can also be generated. Network configuration managers also help to keep track of all the changes made in realtime with the help of change management.
Regional Analysis
The geographic analysis of the network configuration and change management market has been conducted for North America, Europe, Asia-Pacific, the Middle East & Africa, and South America.
North America is expected to be the largest market for network configuration and change management during the forecast period. North America is segmented as the US, Canada, and Mexico.
The US is the prominent market in North America, accounting for the largest market share and is expected to register significant growth during the forecast period. Significant demand for cloud-based solutions is driving the US network configuration and change management market. The need to save time and cost have led to an increase in the deployment of network configuration and change management solutions in the country. Canada is expected to register the highest CAGR during the forecast period due to expected growth in various industry verticals in the coming years.
Europe is expected to hold the second position (in terms of market share) in the overall market during the forecast period. In Europe, the UK is expected to account for the largest share due to the growing number of enterprises in the country and the growing need among these enterprises to manage network architecture. The rest of Europe is expected to register the highest CAGR during the forecast period.
The market in the Asia-Pacific region is expected to register the highest CAGR during the forecast period. In the Asia-Pacific, key countries under the scope of the study are China, Japan, and India. India is expected to register the highest CAGR during the forecast period due to the increasing deployment of cloud-based network configuration and change management solutions among enterprises. Additionally, the increasing need for cost-effective software solutions, specifically in small- & mid-sized organizations, is also a driving factor for the growth of the market in the region.
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Segmental Analysis
Global NCCM Market has been segmented based on Component, Deployment, Organization Size, Vertical, and Region.
Based on the component, the network configuration and change management market has been segmented as software and services. The software segment accounted for the larger share in the overall market in 2018.
Based on deployment, the network configuration and change management market has been segmented into on-premises and cloud-based software solutions. The cloud-based segment is expected to register the higher CAGR during the forecast period, 2020–2026.
Based on organization size, the network configuration and change management market has been segmented into small & medium enterprises and large enterprises. The SME segment is expected to record the higher CAGR growth during the forecast period, 2020-2026.
Based on vertical, the network configuration and change management market has been segmented into BFSI, retail, IT & telecommunication, manufacturing, government, and others. The IT & telecommunication vertical dominated the overall market in the year 2019.
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