Leading market players are investing heavily in research and development to expand their product lines, which will help the network configuration and change management market grow even more. Market participants are also undertaking a combination of strategic activities to enhance their footprint, with important market developments such as contractual agreements, new product launches, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, the network configuration and change management industries must offer cost-effective items.
Manufacturing locally to minimize operational costs is one of the key business tactics manufacturers use in the network configuration and transformation management industry to benefit clients and increase the market sector. Major players in the network configuration and change management market, including BMC Software, Inc. (U.S.), Solarwinds (U.S.), Ignite Enterprise Software Solutions, Inc. (U.S.), Zoho Corporation Pvt. Ltd. (India), Dorado Software, Inc. (U.S), and others, are attempting to increase market demand by investing in research and development operations.
AVEVA Group Plc, a subsidiary of Schneider Electric SE, provides engineering software solutions. The firm offers design, engineering, shipbuilding and design management, software and enterprise solutions, and plant and marine catalog information solutions. It also delivers services such as consulting, integration and lifecycle management services. AVEVA offers technologies that support engineering projects' design and through-life operation in oil and gas, energy, marine, chemical, infrastructure, life sciences, food and beverage, consumer-packed goods, and mining, metals, and manufacturing industries. In September 2022, AVEVA and Aras formed a strategic partnership to deliver industrial Asset Lifecycle Management solutions.
AVEVA will license the Aras Innovator platform to create a suite of scalable Asset Lifecycle Management solutions that will combine Aras' open and flexible application portfolio with AVEVA Unified Engineering and AVEVA Asset Information Management.
Cyient Ltd is a digital engineering company specializing in geospatial, engineering, manufacturing, digital network and operations management solutions. The firm delivers product development and lifecycle support, operations management, process and network engineering, support and data transformation, and IoT and M2M services. The company serves various industries, including aerospace and defense, communications, rail transportation, medical technology and healthcare, utilities, navigation, heavy equipment and industrial, power generation, oil and gas, semiconductor, and infrastructure. In March 2022, Cyient announced the availability of a pre-built solution for controlled Firmware over-the-Air (FOTA) upgrades via its CyientfIQ innovation platform.
As a platform, CyientfIQ stimulates technological disruptions and facilitates the development of new intellectual property and solutions in conjunction with Partners. The FOTA solution is intended to help its customers accelerate the development of intelligent and connected goods throughout the industry.