|By Business Wire||
|February 20, 2013 02:38 PM EST||
Research and Markets (http://www.researchandmarkets.com/research/vtrqdv/global_network) has announced the addition of the "Global Network Applications and Software Market 2012-2016" report to their offering.
TechNavio's analysts forecast the Global Network Applications and Software market to grow at a CAGR of 7.41 percent over the period 2012-2016. One of the key factors contributing to this market growth is the rapidly growing network traffic. The Global Network Applications and Software market has also been witnessing an increasing number of mergers and acquisitions. However, the security issues in the network integrity could pose a challenge to the growth of this market.
The key vendors dominating this market space are CA Technology, NetScout Systems Inc., IBM Corp., and Hewlett-Packard Co.
The other vendors mentioned in the report are Cisco Systems Inc., Visual Network Systems, Juniper Networks Inc., Brocade networking solutions, Alcatel-Lucent SA.
Commenting on the report, an analyst from TechNavio's Networking team said: ''The Global Network Applications and Software market is witnessing an increase in mergers and acquisitions by the leading vendors. For instance, NetScout acquired Accanto Systems to expand its nGenius Service Assurance Solution to support next-generation network voice services. Additionally, Cisco Systems acquired Cariden Technologies. These acquisitions help the vendors provide advanced network software and applications to the end-users. This will encourage end-users to adopt and implement network applications and software, and hence this will help the market grow.''
According to the report, the increased need for the exchange of data and information across organizations is increasing the need for efficient networks. This network efficiency leads to increased access, and hence an increase in network traffic. It is difficult for organizations to manage this increase in network traffic. Network applications and software help in managing networks more efficiently and allow network administrators to monitor the data flow and traffic through a network. Thus, the increase in network traffic is propelling the growth of the Global Network Applications and Software market.
For more information visit http://www.researchandmarkets.com/research/vtrqdv/global_network