Global Internet Protocol Address Management Market Trends and Forecast | Growth Market Reports

The global internet protocol address management market is anticipated to expand at a CAGR during the forecast period, 2021-2028. The growth of the market is attributed to the increasing number of the IP-enabled devices coupled with ongoing technological innovation across the globe.

Internet protocol address management (IPAM) are the network services that provide and resolve IP addresses to every machine connected in the Internet protocol network. IPAM acts a medium for planning, tracing, and managing the IP address used in the network. It also helps in modifying the structure of the network. Since the introduction of IP addresses, researchers have been focusing on techniques to improve the network efficiency.

The introduction of the Domain Name Server/Dynamic Host Configuration Protocol (DNS/DHCP) in the IPAM has led to the automated allocation of IP address. This, in turn, reduces the complexity of network services. Large enterprises have started to adopt the IPv6 technology that runs on 128-bit IP address, whereas the small and medium enterprises (SMEs) have deployed IPv4 technology that runs on the 32-bit IP address. Organizations are increasingly using IP-based products and networks, as it enables to use features such as voice calling, data transfer, and video call.

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Market Trends, Drivers, Restraints, and Opportunities

• Rapid shift from circuit networks to IP networks is acting as a major driver of the market.
• The emergence of technologies such as Internet of Things (IoT) and cloud technology is driving the Internet protocol address management market growth.
• Increasing security concerns regarding IP-based networks is anticipated to boost the market growth.
• The COVID-19 pandemic has resulted in the imposition of lockdown across the globe, which has encouraged employees work from home. Thus, the requirement of robust IP-based devices can foster the market growth.
• IP addresses require high maintenance and proper licensing. This is not feasible to all companies, especially SMEs, which can hinder the market growth.

Market Segment Insights

IPv6 segment to dominate the market growth

Based on versions, the market is bifurcated into IPv4 and IPv6. The IPv4 segment is anticipated to account for a moderate growth rate during the forecast period. Various multinational corporations are reducing the use of the version as they find certain issues regarding security, reliability, and efficiency of the network. Additionally, the usage of big data requires better network, which has encouraged corporations to shift from IPv4 to IPv6. According to a survey, in 2019, over 70% of companies switched from IPv4 to IPv6 to modify their databases. In India, Reliance Jio started deploying IPv6, which resulted in more than 90% of their LTE customers using IPv6.

Wireless communication devices to register a high CAGR in the forecast period

On the basis of applications, the global internet protocol address management market is segmented into wireless communication devices, mobile computers, IP telephony, point of sales devices, and virtual machines. The wireless communication devices segment is projected to register a high CAGR during the forecast period owing to the rapid advancement of new technology in this segment. Wide adoption of many applications and new devices along with high penetration of technology such as the IoT in the wireless communication devices present a key driver for the segment growth.

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Regional Outlook

On the basis of regions, the market is classified as North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. The market in Asia Pacific is anticipated to grow at a substantial rate during the forecast period. Increasing usage of smart devices and mobile networks in countries such as India, China, and South Korea is driving the regional market growth. Rising number of government initiatives to proliferate the usage of IPAM owing to rising cybercrime is spurring the growth of the market in the region. The advent of IoT in the manufacturing industry in the above-mentioned countries is further boosting the market growth in Asia Pacific.

Competitive Landscape

The major players of the market are Alcatel Lucent, Bluecat Network, BT Diamond IP, BT INS, Cisco Systems, Crypton Computers Ltd., Infoblox, and Men & Mice. Companies are focusing on partnerships, mergers, and acquisitions to expand their market share.

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