Network Configuration Change Management Market Size

Market Size Snapshot

Note – Market size depicts the revenue generated over the financial year

The network configuration and change management market is valued at $1,693 million in 2023 and is expected to reach $2,653 million by 2032, growing at a CAGR of 5.04% from 2024 to 2032. This growth trend signifies the increasing demand for effective network management solutions as the companies are becoming aware of the importance of maintaining the network performance and security in the ever-changing technology environment. The rising complexity of the network, the proliferation of cloud services, and the growing need for regulatory compliance are the major factors driving the growth of the network configuration and change management market. The automation and artificial intelligence are the key trends that are expected to enhance the capabilities of the network configuration and change management solutions. The major players in this market such as Cisco, SolarWinds, and BMC Software are continuously investing in the development of new solutions and forming strategic alliances to strengthen their product offerings and gain a larger market share. Recent product launches focused on integrating artificial intelligence-driven analytics into the network configuration and change management tools are expected to propel the growth of the market.

Regional Market Size

Regional Deep Dive

The network configuration and change management (NCCM) market is experiencing significant growth in a number of regions, driven by the growing complexity of network structures and the need for efficient management solutions. The market in North America is characterised by the high level of adoption of advanced technology, the strong presence of key players, and a focus on regulatory compliance. Europe is characterised by its diversity and regulatory frameworks, while Asia-Pacific is experiencing significant growth due to digital transformation initiatives. In the Middle East and Africa, investment in IT is on the rise, while Latin America is gradually embracing NCCM solutions to improve operational efficiency.

Europe

• The European Union's Digital Services Act is influencing network management practices, encouraging companies to enhance their NCCM capabilities to ensure compliance with new digital regulations.
• Organizations like IBM and Micro Focus are actively developing NCCM solutions tailored to the unique regulatory requirements of different European countries, fostering a competitive landscape.

Asia Pacific

• Countries like India and China are witnessing a surge in cloud adoption, driving the need for effective NCCM solutions to manage complex hybrid environments.
• Government initiatives, such as the Digital India program, are promoting the adoption of advanced network management technologies, leading to increased collaboration between public and private sectors.

Latin America

• The increasing penetration of internet services in Latin America is driving demand for NCCM solutions, with companies like Totvs and Movile investing in innovative network management technologies.
• Regulatory changes aimed at improving cybersecurity in countries like Brazil are prompting organizations to adopt more sophisticated NCCM tools to ensure compliance and protect sensitive data.

North America

• The rise of remote work has accelerated the demand for robust network management solutions, prompting companies like Cisco and SolarWinds to innovate their NCCM offerings to support distributed networks.
• Regulatory changes, such as the implementation of stricter data protection laws, are pushing organizations to adopt more comprehensive network management strategies, leading to increased investments in NCCM tools.

Middle East And Africa

• The UAE's Vision 2021 is pushing for smart infrastructure development, leading to increased investments in NCCM solutions to support the growing demand for efficient network management.
• Telecommunications companies in South Africa are partnering with global tech firms to enhance their NCCM capabilities, addressing the challenges posed by rapid network expansion.

Did You Know?

“Approximately 70% of organizations report that they have experienced at least one network outage in the past year, highlighting the critical need for effective network configuration and change management solutions.” — Network World

Segmental Market Size

The network configuration and change management (NCCM) segment is a critical part of ensuring the stability and efficiency of the network. As a result of the increasing complexity of network environments, this segment is currently experiencing steady growth. The demand is being driven by the growing automation of network management, as well as the need to reduce human error and improve operational efficiency. Also, regulatory compliance is forcing companies to adopt strong network configuration and change management solutions to protect sensitive data. The deployment of network configuration and change management solutions is now moving from the pilot stage to the mass deployment phase, with the leaders in the field of network configuration and change management, such as Cisco and VMware, deploying their solutions across various industries. The main applications of network configuration and change management are data center management, cloud computing, and network security. The solution is used to manage and optimize network configurations and ensure compliance. The increasing trend of remote work and the increasing use of cloud services is driving the growth of the market. In terms of technology, big data and machine learning, as well as automation frameworks, are driving the evolution of this market and enabling more proactive network management strategies.

Future Outlook

The market for network configuration and change management is set to grow significantly between 2023 and 2032, with a projected CAGR of 5.04%. The growing complexity of network structures and the increasing demand for automation in network management are the main reasons for this growth. Enterprises will be more and more in need of configuration and change management tools as they move towards cloud solutions and hybrid IT environments. By 2032, it is expected that more than 60% of companies will have incorporated network configuration and change management solutions into their operational frameworks, up from around 40% in 2023. This reflects a growing trend towards more pro-active network management. Artificial intelligence and machine learning will play a key role in this. These solutions will enable more intelligent automation, improved data analysis and better decision-making. Enterprises will be able to react quickly to changes in the network and to potential disruptions. Further drivers for the market will be the growing importance of cyber security and compliance. Enterprises will seek to avoid the risks associated with incorrect network configurations and unauthorised changes. Also, the increasing popularity of software-defined networks (SDNs) and network function virtualization (NFVs) will contribute to the development of network configuration and change management tools, which will become more flexible and efficient in the management of dynamic network environments.