2014-02-24 05:33:03 - Global Network Management Software Market in the Telecom Industry 2012-2016 - a new market research report on companiesandmarkets.com
The global telecom network management software market is to grow at a CAGR of 9.08 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increased deployment of next-generation telecom networks. The Global Network Management Software Market in the Telecom Industry has also been witnessing the increase adopting of automated network management software. However, the budgetary restraints on IT investment in the Telecom industry could pose a challenge to the growth of this market.
The adoption of automated network management software is an emerging trend witnessed in the Telecom industry. In line with this trend, vendors have started offering automated network management software. Many forms of automation are available in telecom network management. This
software helps telecom network service providers overcome the difficulties in detection of network faults, network configuration auditing and compliance analysis, and root cause analysis of network faults, and alarms on the detection of network issues and problems. The automated functions of network management software help network managers keep pace with the dynamically-changing business environment. Thus, the increase in the adoption of automated network management software is an emerging trend that is expected to have a positive impact on the market during the forecast period.
One of the main drivers in this market is the increasing deployment of next-generation telecom networks. Telecom operators across the globe are migrating from legacy telecom networks to IP-enabled, next-generation telecom networks. As part of this migration activity, they are adopting network management software for various services such as managed frame relay, managed wide area network, managed converged voice and data networks, and network traffic management.
One of the major challenges in the market is the budgetary constraints on IT investments by telecom operators. Due to the challenging economic conditions prevailing in most markets, telecom operators have been compelled to better manage their capital investments and cut down on unnecessary expenditure.
Key vendors dominating this space include CA Technology Inc., NetScout Systems Inc., IBM Corp., Hewlett-Packard Co., and Visual Network Systems Ltd. Other vendors mentioned in the report are Alcatel-Lucent,Cisco Systems Inc., Ericsson (Lm) Tel-Sp Adr., Huawei Technologies Co. Ltd.,Nokia Siemens Networks B.V., and ZTE Corp.
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