|By Business Wire||
|February 28, 2014 01:03 PM EST||
Research and Markets (http://www.researchandmarkets.com/research/bqgp8d/global_network) has announced the addition of the "Global Network Management Software Market in the Telecom Industry 2012-2016" report to their offering.
Analysts forecast the Global Network Management Software Market in the Telecom Industry 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.
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.
Commenting on the report, an analyst from the Telecom team said: '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.'
The report also includes a discussion of the other vendors operating in this market. The other vendors in the market are Alcatel-Lucent, Cisco Systems Inc., ERICSSON (LM) TEL-SP ADR, Huawei Technologies Co. Ltd., Nokia Siemens Networks B.V. and ZTE Corp.
For more information visit http://www.researchandmarkets.com/research/bqgp8d/global_network
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