The network bandwidth management software market can be segmented in terms of component, application, enterprise size, end-user, and geography. Several companies are expected to set a new trend by providing per customer bandwidth management and per flow bandwidth management solutions to improve network performance. Several firewall service providers are delivering bandwidth management software as an additional service/ feature to their customers, which can act as a substitute and is expected to restrain the growth of network bandwidth management software market. Additionally, growing demand for high speed internet service in the commercial sector is anticipated to fuel the market growth. This software would help enterprises to reduce their expenditure on internet services. Growing demand for IoT networks and commercial private networks in enterprises are expected to drive the growth of the network bandwidth management software market during the forecast period. Several solution providers are offering user-friendly dashboards to analyze data points and critical paths on the network. It allows companies to block specific websites, social networking sites, shopping and entertainment websites to improve the productivity of employees and ensure proper use of bandwidth. To control bandwidth consumption, companies are expected to adopt bandwidth management software to reduce the load on networks. Network congestion also increases because of heavy download and uploads, system backup, and if staff and guests are overusing the internet for personal use. Ineffective use of network bandwidth can cause slow internet speed, and it also decreases the quality of calls on session initiation protocol (SIP), voice over internet protocol (VoIP), and electronic private branch exchange (EPABX) service which shares the network. IT companies often require high speed internet bandwidth for uploading the software programs on the network which generates high network bandwidth demand. Using network bandwidth management software, an administrator can allocate the bandwidth to a particular user or application during peak time to avoid traffic congestion on the network. This software offers services to reduce the latency rate during transmission and also assigns the specific bandwidth for a particular department or user. Network latency is the root of many problems faced by enterprises during the use of internet. Network bandwidth management software allows IT administrators to monitor and control the bandwidth of the enterprise network. Companies prefer private networks for data protection and to ensure privacy. Networks are important for all types of communication and data transfer operations in enterprises.

Bandwidth management software