Network Configuration And Change Management Market Is Projected To Strengthen In Value And Scale By 2029
How Has The Size And Value Of The Network Configuration And Change Management Market Changed During The 2025–2029 Period?
The network configuration and change management market size has grown rapidly in recent years. It will grow from $1.91 billion in 2024 to $2.1 billion in 2025 at a compound annual growth rate (CAGR) of 10.1%. The growth in the historic period can be attributed to increasing complexity of network environments, Growing security concerns, rise of digital transformation, need for operational efficiency, growth of remote workforce, rise of devOps and agile practices.
The network configuration and change management market size is expected to see strong growth in the next few years. It will grow to $3.04 billion in 2029 at a compound annual growth rate (CAGR) of 9.7%. The growth in the forecast period can be attributed to increasing adoption of cloud-based infrastructure, Emphasis on zero trust security models, proliferation of internet of things (IoT) devices, expansion of edge computing, focus on network automation and orchestration. Major trends in the forecast period include cloud-native solutions, zero trust security, network performance optimization, edge computing management, enhanced visibility and analytics.
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What Fundamental Drivers Are Expected To Boost The Network Configuration And Change Management Market Throughout The Forecast Period?
The growing cybersecurity threats are expected to propel the growth of the network configuration and change management market going forward. Cybersecurity threats refer to the prevalence and sophistication of malicious activities, attacks, and vulnerabilities targeting digital systems, networks, and data. The increase in cybersecurity threats is due to technological advancements, economic incentives, human factors, and a lack of security awareness among individuals. Network configuration change management is vital for cybersecurity, enabling quick identification of changes, preventing unauthorized alterations, and aiding incident response efforts. For instance, in November 2022, according to the Australian Cyber Security Centre, an Australia-based cyber security agency, the number of cyberattack reports received in 2022 was 76,000, an increase of 13% from 2021. Therefore, the growing cybersecurity threats are driving the growth of the network configuration change management market.
What Are The Key Segmentation Components That Define The Structure Of The Network Configuration And Change Management Market?
The network configuration and change managementmarket covered in this report is segmented –
1) By Component: Software, Services
2) By Deployment Mode: Cloud, On-Premises
3) By Organization Size: Large Enterprise, Small And Medium Enterprise
4) By Verticals: Banking, Financial Services And Insurance, Telecommunication And Information Technology, Manufacturing, Retail, Government
Subsegments:
1) By Software: Configuration Management Software, Change Management Software, Network Monitoring Software, Automation And Orchestration Software
2) By Services: Professional Services, Managed Services
Which Trends Are Reshaping Growth Within The Network Configuration And Change Management Market?
Major companies operating in the network configuration and change management market are focusing on developing innovative solutions such as cloud-based networking platforms, to gain a competitive edge in the market. A cloud-based networking platform is a software-defined networking (SDN) solution that enables organizations to manage and access cloud-based and on-premises network infrastructures from a single interface. For instance, in June 2023, Cisco Systems, Inc., a US-based technology company, launched the Cisco Networking Cloud. This platform simplifies the management of networking gear and offers a single-platform experience for managing all networking domains, from campus to data centers to the Internet. The platform provides a unified interface for overseeing both cloud-based and on-premises assets. This consolidated experience aids in breaking down silos, guaranteeing performance, and lessening human workloads, thereby becoming a beneficial resource for organizations.
Who Are The Standout Companies Known For Innovation In The Network Configuration And Change Management Market?
Major companies operating in the network configuration and change management market report are Huawei Technologies Co. Ltd.; Accenture Plc; Cisco Systems Inc.; Broadcom Inc.; Nokia Corporation; Palo Alto Networks Inc.; Juniper Networks Inc.; Fortinet Inc.; Arista Networks Inc.; Citrix Systems Inc.; Splunk Inc.; F5 Networks Inc.; Check Point Software Technologies Ltd.; Extreme Networks Inc.; Zscaler Inc.; Netscout Systems; SolarWinds Worldwide LLC; Riverbed Technology Inc.; Gigamon Inc.; FireEye Inc.; Radware Ltd.; A10 Networks Inc.; Blue Coat Systems; Silver Peak Systems Inc.; Opengear Inc.
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Which Regions Stand Out As Major Contributors To Future Demand In The Network Configuration And Change Management Market?
North America was the largest region in the network configuration and change management market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the network configuration and change management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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