|[February 20, 2013]
Research and Markets: Global Network Applications and Software Market 2012-2016
DUBLIN --(Business Wire)--
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
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 vendrs dominating this market space are CA Technology, NetScout (News - Alert)
Systems Inc., IBM Corp., and Hewlett-Packard Co.
The other vendors mentioned in the report are Cisco Systems (News - Alert) Inc., Visual
Network Systems, Juniper Networks Inc., Brocade networking solutions,
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 (News - Alert) 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
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