Cloud Managed Networking Market Size, Share & Trends Analysis Report: By End use (Small to Medium-sized Enterprise,Large Enterprise,Educational institutions,Others), By Raw Material, and Forecast till 2031

The global market overview of the "Cloud Managed Networking Market" provides a unique perspective on the key trends influencing the industry worldwide and in major markets. Compiled by our most experienced analysts, these global industrial reports offer insights into critical industry performance trends, demand drivers, trade dynamics, leading companies, and future trends. The Cloud Managed Networking market is projected to experience an annual growth rate of 5.1% from 2024 to 2031.

Cloud Managed Networking and its Market Introduction

Cloud Managed Networking refers to the use of cloud-based technology to remotely manage and monitor network infrastructure, such as routers, switches, and access points. The purpose of Cloud Managed Networking is to simplify network management, improve visibility and control over network devices, and enhance security through centralized monitoring and configuration.

Advantages of Cloud Managed Networking include increased flexibility, scalability, and cost-effectiveness, as well as simplified deployment and management of network resources. It also enables real-time monitoring, rapid troubleshooting, and automatic updates for improved network performance and reliability.

The Cloud Managed Networking Market is expected to grow at a CAGR of % during the forecasted period. This growth can be attributed to the increasing adoption of cloud-based networking solutions by organizations looking to streamline their IT operations, improve network efficiency, and enhance overall business productivity.

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Cloud Managed Networking Market Segmentation

The Cloud Managed Networking Market Analysis by Types is Segmented into:

Hardware
Software
Cloud Services

Cloud managed networking offers different types of services including hardware, software, and cloud services. Hardware services include switches, routers, and access points that are managed through the cloud. Software services involve the deployment and management of network infrastructure using cloud-based platforms. Cloud services provide network monitoring, troubleshooting, and maintenance from a centralized location. These types of services help boost the demand for cloud managed networking by enabling organizations to efficiently manage and scale their network infrastructure, improve performance, and reduce operational costs.

The Cloud Managed Networking Market Industry Research by Application is Segmented into:

Small to Medium-sized Enterprise
Large Enterprise
Educational institutions
Others

Cloud Managed Networking is used in various applications such as Small to Medium-sized Enterprises, which can benefit from easy scalability and cost savings. Large Enterprises can utilize cloud networking for centralized management and security. Educational institutions can provide secure and reliable network access to students and staff. Other applications include retail and healthcare sectors. The fastest growing application segment in terms of revenue is the Small to Medium-sized Enterprises, as these businesses increasingly adopt cloud managed networking solutions to improve efficiency and reduce operational costs. Cloud Managed Networking simplifies network management, provides real-time visibility and control, and enhances security for these applications.

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Cloud Managed Networking Market Trends

- Adoption of Artificial Intelligence and Machine Learning: AI and ML technologies are being integrated into cloud managed networking solutions to automate network management tasks, optimize performance, and enhance security.

- Rise of Software-Defined Networking (SDN): SDN allows for programmable networks that can dynamically adapt to changing business requirements, providing flexibility and scalability.

- Increasing demand for Remote Work Solutions: With the shift towards remote work, there is a growing need for cloud managed networking solutions that can support distributed workforces securely and efficiently.

- Emphasis on IoT and Edge Computing Integration: Cloud managed networking is evolving to accommodate the growing number of IoT devices and edge computing environments, requiring seamless connectivity and management.

- Shift towards Zero Trust Security Models: Organizations are adopting Zero Trust security principles, which involve continuous authentication and authorization of users and devices, driving the need for cloud managed networking solutions with robust security features.

Based on these trends, the Cloud Managed Networking market is expected to continue growing as organizations seek scalable, secure, and automated networking solutions to support their digital transformation efforts.

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Geographical Spread and Market Dynamics of the Cloud Managed Networking Market

North America:

United States
Canada

Europe:

Germany
France
U.K.
Italy
Russia

Asia-Pacific:

China
Japan
South Korea
India
Australia
China Taiwan
Indonesia
Thailand
Malaysia

Latin America:

Mexico
Brazil
Argentina Korea
Colombia

Middle East & Africa:

Turkey
Saudi
Arabia
UAE
Korea

The Cloud Managed Networking market in North America, particularly in the United States and Canada, is driven by the increasing adoption of cloud-based technology and the growing demand for centralized network management solutions. In Europe, countries like Germany, France, the ., Italy, and Russia are seeing a surge in market opportunities due to the rapid digital transformation of businesses. The Asia-Pacific region, including China, Japan, South Korea, India, Australia, Indonesia, Thailand, and Malaysia, is experiencing significant growth in cloud managed networking, thanks to the expanding IT infrastructure and increasing internet penetration. Latin America, the Middle East, and Africa are witnessing a rise in market opportunities due to the rising demand for reliable and cost-effective networking solutions. Key players such as Cisco, Aruba, Fortinet, Netgear, Aerohive, Total Communications, APSU, Prodec Networks, Hewlett Packard, Mindsight, ACP TECHNOLOGIES, INC., DynTek, Inc., and Huawei are driving growth in the market through innovative products and strategic partnerships.

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Growth Prospects and Market Forecast for the Cloud Managed Networking Market

The expected CAGR for the Cloud Managed Networking Market during the forecasted period is projected to be around 18%. This growth will be primarily driven by the increasing adoption of cloud-based solutions in businesses of all sizes, as they seek more flexible, scalable, and cost-effective networking solutions.

Innovative growth drivers for the Cloud Managed Networking Market include the rise of IoT devices, which require efficient networking solutions to connect and communicate, as well as the increasing demand for secure and reliable networks to support remote work and digital transformation initiatives.

Deployment strategies that can further boost the growth prospects of the Cloud Managed Networking Market include the adoption of software-defined networking (SDN) technologies, which enable automated and centralized network management, as well as the integration of artificial intelligence and machine learning to enhance network performance and security.

Other trends that can drive market growth include the increasing use of edge computing, which requires robust networking infrastructure to connect edge devices to the cloud, as well as the growing popularity of subscription-based networking services that offer improved scalability and flexibility for businesses.

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Cloud Managed Networking Market Competitive Landscape

Cisco
Aruba
Fortinet
Netgear
Aerohive
Total Communications
APSU
Prodec Networks
Hewlett Packard
Mindsight
ACP TECHNOLOGIES, INC.
DynTek, Inc.
Huawei

Some of the key players in the competitive Cloud Managed Networking Market are Cisco, Aruba (a Hewlett Packard company), Fortinet, Netgear, Aerohive (acquired by Extreme Networks), Total Communications, APSU, Prodec Networks, Mindsight, ACP Technologies, Inc., DynTek, Inc., and Huawei.

Cisco, a leading player in the market, has a strong track record of providing innovative networking solutions. Aruba has also been a major player in the market, with a focus on cloud-managed networking solutions. Fortinet is known for its cybersecurity offerings integrated with networking solutions. Huawei, a Chinese multinational technology firm, has been expanding its presence in the cloud networking market globally.

Sales Revenue:

- Cisco: $ billion (as of FY2020)

- Aruba (Hewlett Packard): $5.7 billion (as of FY2020)

- Fortinet: $2.6 billion (as of FY2020)

- Netgear: $1.06 billion (as of FY2020)

- Aerohive (Extreme Networks): $174.2 million (as of FY2019)

These companies have shown strong growth in the cloud managed networking market, driven by increasing demand for secure and scalable networking solutions. With the rise of remote work and digital transformation initiatives, the market is expected to continue growing in the coming years. Cisco, Aruba, and Fortinet are among the key players that are expected to drive market growth through their innovative solutions and strategic partnerships. Huawei, with its global presence and technological expertise, is also poised to capitalize on the growing demand for cloud-managed networking solutions.

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