Network management software is used to monitor, maintain, and provision computer networks to keep track of network’s bandwidth, availability, performance, and hardware. Nearly all enterprises, require an IT network for daily processes, which makes it necessary to rely on network management software to protect network from damage caused by faults and system errors and to ensure that users and customers can access information quickly and seamlessly.

Increasing demand for cloud based network management is expected to be a key factor to drive growth of the global network management software market over the forecast period. However, availability of free network management tools limits growth of market over the forecast period.

The global network management software market has been segmented on the basis of components, deployment type, organization size, application, and region. Component segment is segmented into solutions and services. Solution segment is further segmented into network performance monitoring & management, IP address management, network traffic management, network device management, network configuration management, and network security management. Among these, network traffic management segment is expected to drive the market owing to increasing requirement for better bandwidth management across several sectors. Service segment includes consulting services, and integration services.

On the basis of deployment type, the market is segmented into cloud-based and on premise. On the basis of organization size, the market is segmented into small and medium-sized enterprises and large enterprises. Small and medium-sized enterprise segment is projected to register highest growth over the forecast period.

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On the basis of application, the market is segmented into BFSI, healthcare, government, IT and ITES, retail, manufacturing, transportation and logistics, and others (education, media). On the basis of region, the market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. Market in North America is expected to hold majority share in terms of revenue over the forecast period. Market in Asia Pacific market is expected to register substantial growth over the forecast period, owing to proliferation of smartphones and increasing adoption of Internet of Things (IoT), mobility, and cloud services in emerging economies in the region.

Some of established market players are Cisco Systems, Inc., International Business Machines Corp., SolarWinds Worldwide, LLC., CA Technologies, Nokia Corp., Juniper Networks Inc., NetScout Systems, Inc., Riverbed Technology, Inc., Micro Focus International plc, and Ipswitch Inc.

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