North America Leads in Network Management Solutions Market | Top Players Include Ericsson, Huawei, IBM

The network management solutions market is expected to grow as companies seek more advanced and secure ways to manage their networks. The market size was $7.1 billion in 2021 and is projected to reach $18 billion by 2031, with a CAGR of 9.9% from 2022 to 2031. Network management solutions help in monitoring and maintaining computer networks, ensuring regulatory standards, and identifying security risks. The rise of SDNs and increased demand for network security are fueling market growth, but free tools and budget constraints are limiting growth. The BFSI sector dominates the market, while North America leads in market share. However, Asia-Pacific is expected to see the highest growth. The COVID-19 pandemic has highlighted the need for better network management due to increased data traffic. Key players in the market include CA Technology, Cisco, Ericsson, and IBM Corporation. These companies are driving market growth through business expansions and new product launches.

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