Network Bandwidth Management Software Market Size (2024 - 2029)

Network Bandwidth Management Software Market Analysis

The Network Bandwidth Management Software Market size is estimated at USD 3.02 billion in 2024, and is expected to reach USD 4.11 billion by 2029, growing at a CAGR of 6.37% during the forecast period (2024-2029).

• The overall network performance is adversely affected by excessive use of one part of the network, resulting in more delays and interruptions. The performance of networks not used by businesses is also influenced; therefore, real-time monitoring and management have become common practices in enterprises.
• Automation and analytics are also rising with the increase in internet penetration. This leads to a surge of demand for high-speed Internet services in the commercial sector, which can cope with massive amounts of data without delay. The performance of private networks and the applications that rely on them for speed must be maintained to ensure privacy and data protection.
• A considerable demand has been experienced by Internet service providers and mobile operators for network management software over the past decade, and telecom services vendors have grown due to an exponential growth of industrial IoT devices, in particular mobile phones. This is expected to increase and drive market growth bandwidth management during the forecast period.
• Network bandwidth utilization is the rate at which data can flow through the network. Traditionally measured in bits per second (bps), higher bandwidth allows more traffic flow from one device to another.
• However, market growth during the forecast period will be limited by budget constraints, including higher installation costs due to the maintenance and deployment of IAM solutions and a need for more knowledge about them.

Network Bandwidth Management Software Industry Segmentation

Bandwidth management measures and controls the communications on a network link to avoid filling the link or overfilling the link, which would result in network congestion and poor network performance.

The network bandwidth management software market is segmented by deployment (on-premises and cloud), enterprise size (small and medium enterprises, and large enterprises), end-user vertical (telecommunication and IT, education, and retail), and geography (North America (United States, Canada, and Rest of North America), Europe (United Kingdom, Germany, France, and Rest of Europe), Asia-Pacific (China, India, Japan, and Rest of Asia Pacific), Latin America (Mexico, Argentina, Brazil, and Rest of Latin America), and Middle East and Africa (United Arab Emirates, Saudi Arabia, South Africa, and Rest of the Middle East and Africa)). The market sizes and forecasts are provided in terms of value (USD) for all the above segments.