Market Size of Unified Network Management Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 18.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Unified Network Management Market Analysis
The Unified Network Management Market was valued at USD 8.01 billion in 2020 and is expected to reach USD 21.63 billion by 2026, at a CAGR of 18% over the forecast period 2021 - 2026. There is an industry trend toward unified networking as a way to deal with an increasingly mobile workforce accessing corporate networks remotely through a variety of devices, including smartphones and tablets as well as notebook and desktop computers.
- The increased adoption of technology across various industry verticals has pushed the vendors to integrate cloud solutions and other IT technologies in their operations in order to leverage that to optimize their operations along with improvement in their performance by reduced downtime and better fault resolution.
- The most prominent LAN deployment type is the wireless one, the reason being, it needs considerable low costs to setup as compared to other types. The market is also driven by BYOD increased adoption and upcoming architectures like SDN, which are some of the factors driving the market forward.
- Moreover, the rapidly increasing demand for advanced analytical tools and analytics applications across industries coupled with the ability to provide better cybersecurity and advanced analytics are the main factors driving the unified network management market.
