Cloud Managed Network Market

Introduction-

The cloud managed network market is a rapidly growing industry that provides businesses with the ability to manage their networks using cloud-based software. This market has seen tremendous growth in recent years due to the increasing demand for cloud-based services, the rising adoption of Bring Your Own Device (BYOD) policies, and the growing need for network management solutions. In this article, we will provide an overview of the current state of the cloud managed network market, its size, and market share.

Current Market Size and Market Share-

cloud managed network market size is expected to reach ~USD 16.87 billion by 2028, growing at a CAGR of +18% from 2021 to 2028

North America dominated the market in 2020, accounting for the largest share of the market, followed by Europe and Asia-Pacific. The adoption of cloud-managed network solutions is expected to increase in the coming years, driven by the growing trend of remote work, the increasing need for network security, and the need for real-time network monitoring and management.

Key Players-

• Aerohive Networks Inc.
• Cisco Systems Inc.
• NETGEAR Inc.
• Accenture plc
• Interoute Communications Limited
• Alcatel-Lucent S.A.
• Huawei Technologies
• International Business Machines Corporation
• Ericsson
• Fujitsu Ltd.
• NEC Corporation
• NTT Data Corporation

Segmentation-

By Type

• Hardware
• Software
• Services

By Deployment Type

• Private Cloud
• Public Cloud

By Enterprise Size

• Large Enterprises
• Small & Medium Enterprises

By Industry Vertical

• Telecom & IT
• Retail, Media & Entertainment
• Educational Institutions
• Others

Major Trends and Drivers-

The cloud managed network market is being driven by several key trends and drivers. One of the major trends is the increasing adoption of cloud-based services, which provides businesses with more flexibility and scalability. Another major trend is the growing demand for network management solutions due to the increasing complexity of networks and the need for real-time monitoring and management.

The rise of remote work has also contributed to the growth of the cloud managed network market, as businesses need to manage their networks from different locations. Additionally, the increasing adoption of BYOD policies has led to the need for network management solutions that can manage devices from different platforms and operating systems.

Opportunities and Threats-

The cloud managed network market presents several opportunities for growth, such as the growing need for network security, the increasing demand for real-time network monitoring and management, and the rising adoption of cloud-based services. However, the industry also faces several threats, including the increasing competition in the market, the growing complexity of networks, and the threat of cyber-attacks.

Regulatory and Legal Issues-

Regulatory and legal issues are important considerations for the cloud managed network market. Businesses need to comply with data protection and privacy laws, such as the General Data Protection Regulation (GDPR) and the California Consumer Privacy Act (CCPA). Additionally, businesses need to ensure that they comply with industry-specific regulations, such as the Health Insurance Portability and Accountability Act (HIPAA) for the healthcare industry.

Target Demographics and Preferences-

The cloud managed network market serves a wide range of industries, including healthcare, government, BFSI, retail, and others. The target demographics are businesses that require real-time network monitoring and management, secure and reliable network connections, and scalability and flexibility in their network infrastructure. These businesses have preferences for solutions that are easy to deploy and manage, offer high performance and reliability, and provide a high level of security.

Pricing Trends-

The cloud managed network market is a rapidly growing industry that provides businesses with the ability to manage their networks using cloud-based software. As the demand for cloud-based services and network management solutions increases, pricing becomes an important factor in the decision-making process for businesses. In this article, we will discuss the pricing trends in the cloud managed network market and how they vary across different segments.

Factors that Impact Pricing

The pricing of cloud managed network solutions can vary based on several factors. One of the key factors is the size and complexity of the network. Larger and more complex networks require more resources and therefore may have higher pricing than smaller and simpler networks. Additionally, the level of service and support provided by the vendor can impact pricing. Vendors that offer more comprehensive service and support may charge higher prices than those that offer basic support.

Another factor that can impact pricing is the type of solution being offered. For example, solutions that focus on network security may have different pricing than those that focus on real-time network monitoring and management. The pricing may also differ based on the deployment model, whether it is a public or private cloud-based solution, or a hybrid model that combines both.

Pricing Trends in Different Segments

The cloud managed network market serves a wide range of industries, and pricing trends can vary across different segments. In general, the pricing for cloud managed network solutions has become more affordable as the market has become more competitive. However, pricing trends can vary based on the specific needs and requirements of each industry.

Healthcare Industry

The healthcare industry has specific requirements for network management, such as compliance with HIPAA regulations and the need for secure and reliable network connections. As a result, cloud managed network solutions that serve the healthcare industry may have higher pricing than other industries. However, the pricing for these solutions has become more competitive in recent years as more vendors enter the market.

Government and Public Sector

The government and public sector also have specific requirements for network management, such as compliance with government regulations and the need for secure and reliable network connections. Cloud managed network solutions that serve the government and public sector may have higher pricing than other industries due to the complexity of the networks and the need for high-level security. However, the pricing for these solutions has become more competitive in recent years as more vendors enter the market.

BFSI Industry

The BFSI (Banking, Financial Services, and Insurance) industry requires high levels of security and real-time network monitoring and management. Cloud managed network solutions that serve the BFSI industry may have higher pricing than other industries due to the complexity of the networks and the need for high-level security. However, the pricing for these solutions has become more competitive in recent years as more vendors enter the market.

Retail Industry

The retail industry requires real-time network monitoring and management to support online and in-store operations. Cloud managed network solutions that serve the retail industry may have moderate pricing due to the size and complexity of the networks. However, pricing for these solutions has become more affordable in recent years as more vendors enter the market.

Conclusion-

The cloud managed network market is a rapidly growing industry that provides businesses with the ability to manage their networks using cloud-based software. Pricing for cloud managed network solutions can vary based on several factors, including the size and complexity of the network, the level of service and support provided by the vendor, and the type of solution being offered. Pricing trends can also vary across different segments, such as the healthcare, government and public sector, BFSI, and retail industries. As the market becomes more competitive, pricing for cloud managed network solutions has become more affordable, making it an attractive option for businesses of all sizes and industries.