NCCM Market | Network Configuration and Change Management Industry Analysis, Size and Growth By 2028

Cecilia Nysing

Network Configuration and Change Management (NCCM) market Data And Industry Growth Analysis | Stratistics Market Research Consulting

Network Configuration and Change Management (NCCM) Market size is expected to grow from US $ 1,645.31 MN in 2020 to US $ 3,351.27 MN by 2028, at a CAGR of 9.3%.

The market report “Network Configuration and Change Management (NCCM) Market by Components (Software and Services), Deployment Modes (On-Premise and On-Demand), Organization Sizes (Small and Medium Enterprises (SMEs) and Large Enterprises), End Users (Banking, Financial Services and Insurance (BFSI), Education, Energy, Government, Healthcare, Manufacturing, Retail, Medical Authorities, and Telecom and Information Technology (IT)), Sales Channels (Distributor and Direct Sales), and Region – Forecast to 2028”. The network configuration and change management (NCCM) market is growing at a CAGR of 9.3% by 2028, owing to multi-vendor device support and industry conformity.

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Based on component, the services segment is estimated to grow at highest CAGR segment during the study period.On the basis of component, the market is categorised into software and services. Services segment is anticipated to be the fastest growing market segment strongly driven by the fact that, more and more organizations are now outsourcing their IT operations to third party vendors. Based on organization size, the small and medium enterprises (SMEs) segment is anticipated to grow faster during the forecast period.On the basis of organization size, the market is divided into small and medium enterprises (SMEs) and large enterprises. Small and medium enterprises (SMEs) segment is projected to grow faster during the forecast period, due to the scope of suppleness and automation authorized for by configuration management tools can be highly beneficial.

By geography, Asia Pacific is expected to dominate the marketOn the basis of geography, the market is segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. Asia Pacific is experiencing a dominant position in the market, owing to the growing adoption of networking technologies, emergence of SMEs, and continuous investment in technological advancements.

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The key players in this market are AlterPoint, BMC Software, Inc., CA Technologies, Inc., Cisco Systems, Inc., Dell EMC, Dorado Software, Inc., Hewlett Packard Enterprise Development LP (HPE), IBM Corporation, Manageengine and SolarWinds Worldwide LLC.

Based on the component, the software segment is anticipated to have lucrative growth during the forecast period, due to the presence of many software providers and rising demand for cloud-based software solutions. Software constitutes the components of a network configuration and change management solution. Many enterprises are deploying such solutions to efficiently manage their complex network architecture.

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