Market Size of Network Bandwidth Management Software Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 12.20 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Network Bandwidth Management Software Market Analysis
The network bandwidth management software market is expected to grow at a CAGR of 12.2% over the forecast period (2021-2026). Excessive use of one part of the networks impacts the overall network performance leads to increased latency and downtime. Network usage by non-business also affects its performance; hence, the real-time monitoring and its management are emerging in the enterprises.
- With the increasing internet penetration, a trend of automation and analytics is also growing. This is resulting in a surge in demand for high-speed internet services in the commercial sector to deal with a vast amount of data seamlessly. Also, to maintain the performance of the private networks to ensure privacy, data protection, for the applications relying on networks and their speed.
- In the past decade, the exponential increase in the IoT devices, especially in mobile devices, has created immense demand for network management software among internet service providers and mobile communication services vendors. This is expected to grow over the forecast period and driving the growth of the network bandwidth management market.
- However, as there are some of the free versions of network management software available in the market, advent to this, several firewall service providers are offering network management software as a service. These are some of the significant factors limiting market growth.
