Unified Network Management Market size is expected to increase commendably from 2021 to 2027. This is considering the widespread availability of Wi-Fi routers with Ethernet ports that can connect devices to the home network with an Ethernet cable, providing access to both wired and wireless devices. In addition, the escalating adoption of IoT-connected devices and the subsequent increase in the need for secured connectivity will augment demand for unified network management systems in the coming years. Unified network management refers to the administration of both wireless and wired networks via a single interface, rather than existing as two distinct networks. It uses a single console to ensure the efficient management of network functions such as monitoring, configuring, planning, logging, and reporting. Additionally, the console must include elements unique to wireless management, including location and tracking functionality, connection reliability, and additional security concerns.
Significant increase in cyber-attacks and the mounting requirement for data security are some of the key trends characterizing the unified network management market outlook through 2027. According to Check Points’ security report, the frequency of ransomware attacks has surged by 93% in the first half of 2021 as compared to a year earlier. Such an increase in cyber threats could push the demand for unified threat management networks, given their capability to provide a single point of protection against malware, viruses, network attacks, and other threats.
With regards to end user, the unified network management market from the communication service provider segment will register a high revenue by 2027. The segment growth is due to the rising deployment of cloud and virtualization by CSPs to deliver edge computing and 5G services over the past years. With the ever-evolving cloud technologies, the requirement for high-speed networks will increase considerably, providing growth opportunities for the overall industry in the coming years.
The Latin America unified network management market is anticipated to amass considerable gains by 2027. The regional expansion is a result of rapid digitalization, especially during the coronavirus pandemic, and the rise of cyber-attacks in countries like Brazil. Moreover, the growth of the IT sector owing to the acceleration of cloud computing will boost the deployment of network management tools and in turn, impel the industry share in the region.
The competitive landscape of the unified network management market consists of companies such as Telefonaktiebolaget LM Ericsson, Juniper Networks, IBM Corp., Huawei Technologies Co. Ltd., Hewlett-Packard Company, Dell EMC, Cisco Systems Inc., CA Technologies (Broadcom Inc.), Avaya, and Alcatel-Lucent (China Huaxin Post and Telecom Technologies Co., Ltd.). For instance, in April 2021, Alcatel-Lucent Enterprise announced the availability of two Wi-Fi 6-certified access points, OmniAccess Stellar AP1301 entry level base model and OmniAccess Stellar AP1311 entry level premium model. These access points were designed with built-in Deep Packet Inspection technology offering application monitoring and ensuring support for web content analytics and filtering for a unified wired and wireless LAN infrastructure.
Since the outbreak, the COVID-19 crises has disrupted the entertainment industry worldwide, particularly film and television production. European audio-visual productions, for example, were halted, along with the closure of movie theaters and postponement or cancellation of events and other marketing campaigns. These factors, alongside the financial stress during the pandemic, have created roadblocks to industry expansion, since the media and entertainment sector is a significant end-user of unified network monitoring tools.
However, the shifting focus towards digitalization and the mounting need for unified, cloud-based networking solutions for managing distributed enterprises amid the crisis may aid industry recovery. The pandemic served as a catalyst to the growth of the remote workforce, with an Owl Labs report revealing that over 31% of people cited COVID-19 to be the reason for the implementation of remote work at their companies. In these circumstances, unified networking has emerged as a way to facilitate remote access to corporate networks by the mobile workforce via computers and other devices, hence bolstering the overall industry forecast.
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The above information has been provided for the following regions and countries: