Network Management and Control Systems Market to Remain Balanced During the Forecast Period

• Network management and control systems are vital instruments in planning, organizing, and managing information technology resources in the corporate sphere. Network management is the process of controlling a data network to increase its productivity and efficiency. There are no two identical network architectures; similarly, all network management systems are different. A network management system must manage and monitor the network, irrespective of the network’s architecture and complexity, in such a way that the needs of users and operators are met.
• Services provided by network management include every function required to keep the network operational. In other words, a network with management system must be able to manage its own operations, performance, failures, modifications, security, hardware, and configuration. Network management allows IT professionals to monitor small network components within a large network area. Network management and control system components assist with network device discovery, network device monitoring, and network performance analysis.
• North America is expected to be a prominent region of the global network management and control systems market during the forecast period due to developed infrastructure facilities and availability of advanced technologies in the region. The network management and control systems market in Asia Pacific is anticipated to expand due to technological advancements and increase in number of enterprises in the region.

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Network Management and Control Systems Market – Dynamics

Increase in Number of Compliance Processes and Rise in Demand for Automation Expected to Boost Network Management and Control Systems Market

• Rise in number of regulatory compliance requirements from the Health Insurance Portability and Accountability Act (HIPAA) is expected to boost the demand for network management and control systems across the globe. Network monitoring and system logs are required for HIPAA compliance. System logs, which are required for HIPAA, consist of information such as password change and employee logins. Large enterprises experience reputational and financial losses when policies enforced by regulatory authorities are not followed. This leads to customer attrition. Automated network management and control systems improve effectiveness and agility; thus, preference for these systems is expected to increase. This, in turn, is anticipated to boost the network management and control systems market

Growth in Security Issues and Shortage of Skilled Employees Estimated to Hamper Network Management and Control Systems Market

• Enterprises are adopting these technologies to simplify their process and reduce human intervention owing to the rise in advancements in the technology. However, chances of security breaches are increasing due to the digitization in processes. This is estimated to adversely affect the network management and control systems market. Additionally, shortage of skilled employees for managing the network and control systems is likely to hamper the network management and control systems market.

Network Management and Control Systems Market: Regional Overview

• North America is expected to dominate the global network management and control systems market in the near future due to the availability of advanced technologies in the region. Most leading vendors of network management and control systems have strong presence in North America. The network management and control systems market in Asia Pacific and Europe is anticipated to expand at a rapid pace in the next few years due to the increase in demand for network management and control systems in the health care industry for compliance management and simplification of the process.

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• Network management and control systems help small and medium businesses in Middle East & Africa by simplifying the process and reducing operating costs. Small & medium and large enterprises can control and operate the entire network lifecycle owing to the amalgamation of numerous network systems such as network configuration management and performance monitoring management. This is estimated to create opportunities for the network management and control systems market in the near future.