If the globe would have been impeccable, networks would manage themselves. Nevertheless, in the evident world, parts tend to shatter, modulations are made, someone has to compensate, performance is often below expectations and neglect of resources is certain. Liable to these operational challenges, firms deploying diverse network and communication technologies are frequently required to look at the key management functions, often referred to as FCAPS (Fault, Configuration, Accounting, Performance and Security), to efficaciously control and manage their networks. Today, many players in the Information Technology (IT) sector presume that the enterprise-class network management is a well-established science which is secure, with modest advancement or revolution, but the latest formative shifts in IT with ‘cloud and server virtualization’ in specific, are connecting to re-evaluate this position. These shifts might create new demand and prospect for resilience, performance and network capacity, and may perhaps place the network to a position of essential enabling eminence in IT strategy. Behind all of this change can be seen a restrained yet unique inclination of rising operational concurrence and alliance, with network management systems and networking pros leading the league. The installation of computing as a service, or cloud computing, over a network is becoming increasingly conventional. It is allowing businesses of all sizes to get their applications up and running faster, with easier manageability and less maintenance. Cloud computing drives us to revise our conventional approach to application and network management. We do not have a fixed number of resources that might run 100% of the time, and execute to the best of their abilities. Instead, we have on-demand computing where resource requirements, such as applications, servers and capacity vary based on demand.

Therefore, network management is an indispensable base on which nearly all potential business automation efforts are likely to rest. Latest technologies are likely to expedite this progressive trend, as IT is essential to the business rather than as a cost center functioning as a separate entity.

MarketsandMarkets forecasts the network management market to grow from $7,024.5 million in 2014 to $11,058.6 million in 2019 at a CAGR 9.5% during the forecast period.

Related Reports:

Network Management Market by Network Performance Monitoring and Management, IP Address Management, Network Traffic Management, Network Device Management, Network Configuration Management, Network Security Management - Global Forecasts up to 2019

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