- The global Internet Protocol Address Management (IPAM) market is anticipated to witness significant growth over the forecast period owing to rapid proliferation of IP-enabled devices. Moreover, the rise in migration from IPv4 to IPv6 IP addresses is projected to impel market growth. Internet Protocol Address Management (IPAM) assists in tracking and transmuting the information linked to the IP address in a network. It facilitates network administrators to modify several details related to a network. Moreover, it helps to improve the availability, efficiency, and effectiveness of IT infrastructure and minimize operational expenditures.
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Improving Internet Protocol Address Management (IPAM) techniques have led to swift and precise DNS/DHCP service protocols provisioning. Furthermore, it provides faster service delivery to the business. Integration of cloud services and network devices has fueled the market growth. In order to enable speedy transmission of data, video and voice, organizations have adopted IP-based network services. This has led to a transition of circuit switched networks to IP-based networks. Internet Protocol Address Management (IPAM) solutions are being largely adopted by organizations to minimize the risk of reliability, security, and downtime. Regular problems such as different sub-netting practices, large address pools, and lengthy addresses are now addressed by Internet Protocol Address Management (IPAM). It subsequently has impelled growth in the Internet Protocol Address Management (IPAM) market. Use of manual methods to manage Internet Protocol version 6 (IPv6) has become difficult for the organizations. Organizations are adopting IPAM solutions to overcome these problems.
IP addresses are largely used in wireless communication devices, virtual machines, IP telephony, and mobile computers. Internet Protocol Address Management (IPAM) finds applications in IP-based products such as IP phone, RFID tags, video conferencing equipment, and IP recorders. Increasing use in application segments is expected to drive the growth of Internet Protocol Address Management (IPAM) market.
High maintenance costs and licensing of IP address are poised to hinder the Internet Protocol Address Management (IPAM) market growth. Compatibility issue in installation of Internet Protocol Address Management (IPAM) over a network poses as a major challenge to growth of Internet Protocol Address Management (IPAM) market. Furthermore, it does not support third-party databases and configuration and management of non-Microsoft network essentials. Consistency of Ethernet devices such as routers and switches is not very reliable.
Improved infrastructure and robust telecommunications network are the major factors expected to drive the growth in the North American region. Network service providers and carrier networks in Asia Pacific region have provided integrated services to increase operational efficiency and have turned to convergent networks The Internet Protocol Address Management (IPAM) market is projected to experience surge in growth in emerging economies such as India, China, and South Korea. Availability of economical computer programmers in this region has propelled the market growth in Asia Pacific region.
The key market players in Internet Protocol Address Management (IPAM) market are Bluecat Network, Alcatel Lucent, BT INS, BT Diamond IP, Crypton Computers Ltd., Cisco Systems, Men & Mice, and Infoblox.
Information Source: Grand View Research
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