The Latest Network Management Industry Statistics Explained
92% of C-suite executives believe that network technology investments will contribute significantly to productivity by 2022.
The statistic implies that a high proportion of top-level executives (C-suite) recognize the potential impact of network technology investments on productivity in the coming year. Specifically, 92% of these executives hold the belief that such investments will play a significant role in enhancing productivity within their organizations by 2022. This suggests a strong consensus among senior leadership that prioritizing and allocating resources to network technology can lead to improved operational efficiency and effectiveness, potentially driving overall performance and competitiveness. This statistic underscores the strategic importance of technology in shaping organizational outcomes and highlights the emphasis placed on leveraging network technology as a key driver of productivity in the near future.
71% of IT organizations spend 10%–25% of their budget on network management.
The statistic reveals that a significant portion, 71%, of IT organizations allocate a sizeable proportion of their budget, specifically between 10% and 25%, towards network management activities. This suggests that network management is considered a critical aspect of their operations, warranting a substantial financial investment. The level of expenditure on network management indicates the importance placed on maintaining efficient and secure network infrastructure to support the organization’s digital operations and connectivity requirements. Organizations recognizing the significance of network management through their budget allocation may potentially experience improved network performance, stability, and security, which are crucial for overall operational success in today’s technology-dependent environment.
The global software-defined networking market is projected to reach $70.41 billion by 2027.
The statistic “The global software-defined networking market is projected to reach $70.41 billion by 2027” indicates the anticipated value of the software-defined networking industry on a global scale by the year 2027. This projection suggests a significant growth trajectory for the market, emphasizing the increasing adoption and utilization of software-defined networking solutions by businesses and organizations. The figure serves as an important indicator for industry stakeholders, investors, and decision-makers, highlighting the potential opportunities and challenges that lie ahead in the software-defined networking sector in the coming years.
The global network monitoring market size was valued at $1.92 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 9.6% from 2020 to 2027.
This statistic indicates that the global network monitoring market was worth $1.92 billion in 2019. It is projected to experience significant growth with a compound annual growth rate (CAGR) of 9.6% between 2020 and 2027. This suggests that the market is expected to expand steadily over the forecast period. The increase in demand for network monitoring solutions and services, driven by the growing complexity and scale of networks as well as the rising importance of cybersecurity, is likely contributing to this anticipated growth trajectory. Businesses and organizations across various industries are recognizing the need to invest in effective network monitoring to ensure seamless operations and enhance security, thereby fueling the market expansion.
The global network management system (NMS) market was worth USD 6.83 billion in 2019.
The statistic “The global network management system (NMS) market was worth USD 6.83 billion in 2019” indicates the total value of the market for NMS solutions worldwide in the year 2019. Network management systems are software platforms used by organizations to monitor, control, and optimize their network infrastructure. The reported value of $6.83 billion signifies the total revenue generated by NMS vendors from sales of their products and services during that specific year. This statistic gives insights into the size and economic significance of the NMS market, reflecting the growing demand for network management solutions as organizations increasingly rely on complex networks to support their operations.
Growing at a CAGR of 11.2%, the NMS market is estimated to reach USD 15.95 Billion by 2027.
This statistic indicates that the Network Management System (NMS) market is experiencing strong and consistent growth, with a compound annual growth rate (CAGR) of 11.2%. The market is projected to grow steadily at this rate and is estimated to reach a value of USD 15.95 billion by the year 2027. This suggests that the NMS market is expanding rapidly and is expected to continue on this upward trajectory in the coming years, making it an attractive sector for investment and business opportunities.
Network complexities are faced by 94% of businesses globally.
The statistic that network complexities are faced by 94% of businesses globally indicates the widespread challenge organizations encounter when managing their network infrastructure. Network complexities refer to the various issues and obstacles businesses must navigate in order to successfully operate and maintain their networks, such as connectivity issues, security threats, scalability concerns, and technology upgrades. The high percentage suggests that the vast majority of businesses, regardless of industry or size, are grappling with the inherent complexities of modern networks. This statistic underscores the critical importance for businesses to invest in robust network management strategies, technologies, and resources to address these challenges and ensure the smooth operation of their networks in an increasingly interconnected and digital world.
67% of businesses experienced at least one network outage in the past 12 months.
The statistic ‘67% of businesses experienced at least one network outage in the past 12 months’ indicates that a significant majority of businesses faced disruptions in their network connectivity over the previous year. This high percentage suggests that network outages are a common occurrence in the business environment, underscoring the potential impact on operations, productivity, and overall business performance. Such disruptions can lead to financial losses, decreased customer satisfaction, and potential long-term consequences, highlighting the importance of robust network infrastructure, proactive maintenance, and disaster recovery planning for businesses to minimize the risks associated with network outages.
In 2018, the global Network Management Software market size was 1780 million USD.
The statistic “In 2018, the global Network Management Software market size was 1780 million USD” indicates that the total market value of network management software worldwide in 2018 amounted to 1780 million US dollars. This value signifies the collective revenue generated by the sales of network management software products and services across various regions and sectors during that specific year. This statistic serves as a measure of the market’s size and economic significance, providing insights into the growth, trends, and demand for network management software in the global market landscape during the stated period.
By the end of 2026, the network management software market is expected to expand at a CAGR of 9.2%.
This statistic indicates that the network management software market is projected to grow steadily at a Compound Annual Growth Rate (CAGR) of 9.2% by the end of 2026. The CAGR represents the annual growth rate over a specified period of time, typically used to measure the smoothness of growth and reflect the overall trend. In this context, a CAGR of 9.2% suggests that the market size for network management software is expected to increase by 9.2% every year until the end of 2026. This forecast points towards a positive outlook for the network management software industry, indicating sustained growth and potential opportunities for businesses operating within this market segment.
Network Management Services is expected to hold the largest market size in the managed services market during the forecast period, 2020–2025.
The statistic “Network Management Services is expected to hold the largest market size in the managed services market during the forecast period, 2020–2025” indicates that among all the different types of managed services available, network management services are projected to have the highest market share and revenue generation potential from 2020 to 2025. This suggests that there is a growing demand for network management services, such as monitoring, optimizing, and securing network infrastructure, among businesses and organizations. It also highlights the importance of effective network management in the digital age, where connectivity and data transmission are crucial for smooth operations and competitiveness. The forecasted dominance of network management services underscores the significance of this sector within the managed services industry.
Up to 70% of all IT support costs come from network management.
The statistic “Up to 70% of all IT support costs come from network management” suggests that a significant portion of expenses related to information technology support services are attributed to managing networks. This high percentage indicates that network management is a crucial aspect of IT support and plays a vital role in determining overall costs. Effective network management is critical for ensuring the smooth operation and security of an organization’s IT infrastructure, but it can also be a major cost driver due to the complexities and resources required to maintain and troubleshoot networks. By understanding and potentially minimizing network management costs, organizations can optimize their IT support spending and improve the efficiency of their overall IT operations.
By 2023, Artificial Intelligence will monitor over 50% of operational data in large enterprises’ data centers for IT system health and performance.
The statistic indicates that by the year 2023, Artificial Intelligence (AI) will play a significant role in monitoring and analyzing operational data within the data centers of large enterprises. Specifically, AI systems will be utilized to oversee more than half (50%) of the data related to the health and performance of IT systems in these enterprises. This suggests a trend towards increasing reliance on AI technologies for managing and optimizing the efficiency and functionality of IT infrastructure in large organizations. By leveraging AI for data monitoring and analysis, businesses aim to enhance operational efficiency, identify potential issues proactively, and ultimately improve overall system performance and reliability.
88% of network teams are involved in security threat resolution.
The statistic that 88% of network teams are involved in security threat resolution indicates that the vast majority of teams responsible for managing and maintaining computer networks are actively engaged in identifying, assessing, and mitigating security threats. This suggests a high level of awareness and focus on cybersecurity within organizations, highlighting the significance of protecting network infrastructures from potential malicious attacks and breaches. Such involvement from network teams is crucial for ensuring the overall security and integrity of the network environment, ultimately safeguarding sensitive data and maintaining operational continuity. The statistic underscores the essential role that network teams play in addressing the growing and evolving landscape of security threats in today’s digital age.
39% of network managers consider monitoring and diagnosing problems the biggest challenge.
The statistic indicating that 39% of network managers consider monitoring and diagnosing problems the biggest challenge suggests that a significant portion of network managers are facing difficulties in effectively monitoring and troubleshooting issues within their network infrastructure. This statistic highlights the critical importance of having robust monitoring tools and diagnostic capabilities in place to ensure the smooth operation of network systems. Network managers may be struggling to identify and address issues promptly, leading to potential downtimes, latency, or security vulnerabilities. By acknowledging this challenge, organizations can prioritize investments in advanced monitoring solutions and training for network managers to enhance the overall performance and reliability of their networks.
The market for AI in IT operations is expected to reach $11.02 billion by 2026.
This statistic indicates the projected market size for artificial intelligence (AI) in IT operations by the year 2026, estimated to reach a value of $11.02 billion. This forecast suggests a significant growth in the adoption and implementation of AI technologies within the IT operations sector over the next few years. The increasing demand for AI-powered solutions in managing and optimizing IT processes, such as monitoring, troubleshooting, and automation, is expected to drive this market expansion. Organizations are likely to invest in AI to enhance operational efficiencies, reduce downtime, improve decision-making, and enhance overall performance in their IT operations.
By 2022, the percentage of enterprises that perceive AI as a top priority has risen from 20% to 66%.
This statistic indicates a significant increase in the prioritization of artificial intelligence (AI) among enterprises over the span of one year. Specifically, it shows that the percentage of businesses that consider AI a top priority has grown from 20% in the past to 66% by the year 2022. This suggests a clear and widespread recognition among organizations of the potential benefits and importance of integrating AI technologies into their operations. The sharp increase in the perceived importance of AI may be attributed to its proven potential to enhance efficiencies, streamline processes, and drive innovation in various industries, prompting more enterprises to invest resources and efforts into implementing AI solutions to stay competitive in a rapidly evolving business landscape.
Data breaches cost businesses an average of $3.92 million globally in 2019.
The statistic stating that data breaches cost businesses an average of $3.92 million globally in 2019 signifies the significant financial impact that security incidents can have on organizations. Data breaches can result in direct costs such as legal fees, forensic investigations, and customer notifications, as well as indirect costs like loss of reputation and customer trust. This average amount serves as a stark reminder of the importance of investing in robust cybersecurity measures to prevent potential breaches and mitigate the financial consequences associated with such incidents. This statistic highlights the need for businesses to prioritize data security to safeguard their assets and maintain the trust of their customers and stakeholders.
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