Network management solutions market seen reaching $18 billion by 2031

Allied Market Research says the global network management solutions market will grow from $7.1 billion in 2021 to $18 billion by 2031, powered by SDN adoption, stronger security needs and cloud demand. North America led the market in 2021, while Asia-Pacific is projected to post the fastest growth. Why it matters: - Network management solutions are becoming more important as enterprises try to secure, monitor and control increasingly complex IT environments. - The market’s projected rise to $18 billion by 2031 points to sustained spending on tools that help detect network changes, manage configurations and identify security risks. - Growth could benefit vendors serving large enterprises, SMEs and cloud-first customers. What happened: - Allied Market Research said the global network management solutions market was valued at $7.1 billion in 2021. - The firm estimates the market will reach $18 billion by 2031. - The forecast implies a 9.9% compound annual growth rate from 2022 to 2031. - The report was published June 17, 2026. - Allied Market Research offered a sample report and a purchase page . The details: - Network management solutions are used to equip, detect, supervise and sustain computer networks. - The software supports configuration management and helps ensure regulatory standards are met. - The solution validates network changes in a coordinated and controlled manner. - It can track installed software on nodes, including versions and installation dates. - It also uses node data to identify security risks in IT environments. - SDN adoption across enterprises is boosting market growth. - Higher demand for network security is also supporting the market. - Free network management tools and tight budgets are limiting adoption. - Demand from SMEs and cloud-based network management systems is creating expansion opportunities. - The BFSI segment dominated the market in 2021 and is expected to remain dominant through the forecast period. - Retail is expected to grow the fastest, helped by secure billing, remote network monitoring and multi-branch management. - North America held the largest market share in 2021. - Asia-Pacific is expected to post the highest growth during the forecast period. - The report says COVID-19 disrupted supply chains, slowed manufacturing and production and hurt the global economy. - The pandemic also lifted data traffic as more people moved to internet use, online learning and remote work. Between the lines: - The forecast reflects a market shift from basic network oversight toward security, compliance and cloud-enabled management. - BFSI’s lead suggests regulated industries are still the biggest buyers of network management tools. - Retail’s growth outlook signals rising demand for centralized network control across distributed store networks. - North America’s lead and Asia-Pacific’s faster growth point to a mature market in one region and a faster adoption curve in another. What’s next: - The report expects services to grow faster than the solution segment over time. - Cloud deployment is projected to grow faster than on-premises systems. - SME adoption is expected to accelerate as budgets open up and cloud deployment becomes more common. - Asia-Pacific could become a more important growth market as digitization and government support continue. - The report identifies CA Technologies, Cisco, Cubro Network Visibility, Ericsson, Huawei, IBM, Juniper Networks, Kaseya, Live Action, ManageEngine, Micro Focus, NETSCOUT Systems, Nokia, Paessler, Progress and Zoho among key players pursuing expansion, product launches and partnerships. The bottom line: - Network management solutions are moving from a back-office IT function to a core security and operational tool, with cloud, SMEs and retail driving the next leg of growth.