Cloud Managed Network Market

Cloud Managed Network Market Size and Share: Comprehensive Analysis and Insights

Around the forecast period, the global market for cloud managed networks is expected to develop at a Compound Annual Growth Rate (CAGR) of 10.9%, from USD 21.6 billion in 2022 to USD 36.3 billion by 2027.

The growing demand for cloud managed networks and the growing reliance of businesses on IT assets to improve business efficiency are the main factors anticipated to propel the expansion of the cloud managed network market.

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Cloud Managed Network Market Growth is driven by the following key factors,

Rising Need for Network Agility and Scalability:

  • Businesses today operate in dynamic environments with evolving network requirements. Cloud-based management offers agility by enabling on-demand resource provisioning, simplified configuration changes, and automated scaling to meet fluctuating network demands.

Growing IT Complexity and Skills Shortage:

  • Modern IT environments are increasingly complex, with diverse network components and cloud integrations. CMN solutions alleviate the burden on IT staff by automating routine tasks, freeing them to focus on strategic initiatives. Additionally, the shortage of skilled IT professionals makes CMN solutions attractive due to their user-friendly management interface and reduced reliance on specialized network expertise.

Cost Optimization and Reduced Capital Expenditure:

  • Traditional network management often requires significant upfront investments in hardware and software. CMN solutions typically operate on a subscription-based model, offering a pay-as-you-go approach that minimizes upfront costs and provides predictable operational expenses.

Enhanced Security Features and Threat Protection:

  • Cybersecurity threats are a constant concern for businesses. CMN platforms offer robust security features like centralized policy enforcement, automated threat detection, and intrusion prevention systems. This centralized approach simplifies security management and strengthens the overall network defense posture.

Simplified Management of Multi-Cloud and Hybrid Cloud Environments:

  • With the proliferation of cloud adoption, businesses often operate in hybrid or multi-cloud environments. CMN solutions provide a unified platform to manage network connectivity across diverse cloud platforms, streamlining network administration and ensuring consistent performance.

Improved Network Visibility and Performance Optimization:

  • CMN solutions offer comprehensive network analytics and reporting capabilities. This allows businesses to gain valuable insights into network performance, identify bottlenecks, and proactively optimize network resources for enhanced efficiency and application performance.

Increased Mobile Workforce and Remote Access Needs:

  • The rise of remote work necessitates secure and reliable network access for geographically dispersed employees. CMN platforms integrate features for secure remote access, ensuring seamless network connectivity and a consistent user experience for remote workers.

Growing Adoption of Software-Defined Networking (SDN) and Network Automation:

  • SDN is revolutionizing network management by enabling programmatic control and automation. CMN solutions are integrating with SDN technologies, automating network tasks and allowing for more dynamic and agile network configurations.

Integration with the Internet of Things (IoT) and Edge Computing:

  • The expanding landscape of IoT devices and edge computing deployments creates new network management challenges. CMN solutions are evolving to support edge deployments and manage the influx of data generated by these devices efficiently.

Focus on User Experience and Self-Service Capabilities:

  • Modern CMN solutions prioritize user experience with intuitive interfaces and self-service portals. This empowers authorized users to manage aspects of their network connectivity, reducing the burden on IT staff and streamlining network administration tasks.

By addressing these growth factors, the Cloud Managed Network market is poised for continued expansion. As businesses prioritize agility, scalability, cost-efficiency, and robust security, CMN solutions will play a critical role in empowering them to manage their networks effectively and navigate the ever-evolving IT landscape.

Cloud Managed Network Market Share - Global Industry Landscape:

Accenture (Ireland):

  • Market Share: While not a dominant player in terms of market share, Accenture leverages its expertise in cloud and managed services to offer comprehensive CMN solutions. (Exact market share data varies by research source)
  • Key Offerings: Accenture focuses on customized CMN solutions, integrating cloud management with network design, deployment, and ongoing support. They cater to large enterprises seeking a managed service approach to cloud-based network management.

NTT DATA (Japan):

  • Market Share: Holds a respectable market share through its subsidiaries like NTT Communications. (Exact market share data varies by research source)
  • Key Offerings: NTT DATA offers secure and reliable cloud-based network management services for businesses with global operations. They focus on integration with existing network infrastructure and providing scalability for complex network environments.

NEC (Japan):

  • Market Share: Holds a mid-tier market share with its UNIVERGE Cloud Networking platform. (Exact market share data varies by research source)
  • Key Offerings: NEC offers a feature-rich CMN solution for managing wired and wireless networks. Their platform focuses on automation, security, and centralized policy management for simplified network administration.

Extreme Networks (US):

  • Market Share: A significant player with a strong focus on cloud-managed Wi-Fi solutions. (Exact market share data varies by research source)
  • Key Offerings: Extreme Networks offers a cloud-based platform for managing Wi-Fi networks, focusing on high performance, security, and user experience optimization. Their solutions cater to various industries, including education, healthcare, and hospitality.

CommScope (US):

  • Market Share: Holds a niche market share, specializing in network infrastructure solutions with CMN capabilities. (Exact market share data varies by research source)
  • Key Offerings: CommScope offers cloud-managed network infrastructure solutions, including access points, switches, and cabling systems. Their solutions integrate with cloud platforms for centralized network management.

Zyxel Networks (Taiwan):

  • Market Share: Primarily known for networking equipment, Zyxel offers a growing cloud-managed networking product line. (Exact market share data varies by research source)
  • Key Offerings: Zyxel provides affordable and easy-to-use cloud-managed network solutions for small and medium-sized businesses (SMBs). Their offerings focus on ease of deployment, scalability, and remote management capabilities.

 

Related Reports:

Cloud Managed Network Market by Component (Solutions, Services), Organization Size (Large Enterprises, SMEs), Deployment Mode (Public Cloud, Private Cloud), Vertical (BFSI, Transport and Logistics, Manufacturing) and Region - Global Forecast to 2027

Cloud Managed Network Market Size,  Share & Growth Report
Report Code
TC 8575
RI Published ON
1/1/2024
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