The global internet protocol address management market is expected to witness high growth prospects over the forecast period owing to the rapid proliferation of IP-enabled devices and growth in migration of IP addresses from IPv4 to IPv6. Internet protocol address management (IPAM) facilitates tracing and modifying the information related to the internet protocol (IP) address in a network. Network administrators use internet protocol address management techniques to determine and modify a variety of details in a network. It assists in improving the effectiveness, efficiency, and availability of the IT infrastructure and helps in reducing operational expenditures. The IPAM techniques lead to speedy and more accurate provisioning of Domain Name Server/Dynamic Host Configuration Protocol (DNS/DHCP) service protocols. DNS/DHCP services provide automated assignment of IP address and host name lookup enables speedy and easy service delivery to the business. The automatic allocation of internet protocol addresses reduces the complexity of the operation.
The IPAM market is experiencing market augmentation due to the integration of cloud-based services & applications with network devices. The transition of circuit switched networks to IP-based networks is occurring at a faster rate globally. As a result, many organizations are becoming dependent on IP-based networks since they enable faster transfer of voice, video, and data. Internet protocol address management solutions help companies to overcome the risks of security, reliability, and downtime that are associated with the IP-based networks. The market has gained momentum since it addresses the problems of lengthy addresses, larger address pools, and different sub-netting techniques. Managing the Internet Protocol Version (IPv6) with manual methods has become difficult and cumbersome for the organizations. In order to overcome these problems, organizations are implementing internet protocol address management solutions.
Companies require an IP address for devices such as wireless communication devices, mobile computers, IP telephony, point of sale devices, and virtual machines thus increasing the number of IP addresses considerably. In order to cater to the wider applications of IP space, the organizations are focusing on the use of dynamic IP address management solutions. IP address management enhances the simplicity of operation, which is a key factor that drives the market expansion. Moreover, superior IP address management is required for products such as RFID tags, IP phones, IP recorders, and video conferencing equipment. The accelerated use of such IP-based products is spurring the global internet protocol address management market. It facilitates the communication service providers with the transition to IPv6 and management of resources and growth strategy. It is employed to precisely model the domains, networks, subnet assignments, and IP addresses. Many organizations for business operations are depending on IP-based networks since the market is experiencing a fast transition or shift from the circuit switched networks to packet-switched networks. Internet protocol address management enables the user to forecast and track the IP address utilities.
The licensing and maintenance of the IP address could be a challenge and thus hinder the growth of the market. Installation of these modules is specifically possible on standalone servers since installation on domain controllers gives rise to compatibility issues. Moreover, IPAM fails to check the IP address consistency of ethernet devices such as routers and switches. In addition, it does not support the configuration and management of the widely used non-Microsoft network elements and the external databases, which are expected to hamper the growth of the market.
Emerging economies from the Asia Pacific region, especially China, India, and Korea are expected to witness a surge in the growth of the IPAM market. The carriers and service providers in this region are offering integrated services by turning to convergent networks and increasing operational efficiency. Moreover, the availability of cost-efficient computer programmers has propelled the expansion of the market in this region. North America is estimated to witness a surge in market development owing to a strong telecommunications network and improved infrastructure.
The key market players in the internet protocol address the management market are Alcatel Lucent, Bluecat Network, BT Diamond IP, BT INS, Cisco Systems, Crypton Computers Ltd., Infoblox, and Men & Mice.
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In order to ensure business continuity amidst the COVID-19 crisis, business organizations, especially in highly affected countries are allowing their employees to work from home. The increase in people working from home has led to a surge in demand for online video viewing, downloading, and communication through video conferencing, all of which are leading to increased network traffic and data usage. COVID-19 shall accelerate the demand for agile and flexible work styles and further push the adoption of communication services that tend to improve work-life balance. On the flip side, telecom regulators worldwide have postponed their plans of 5G spectrum auction amidst the global pandemic. This is expected to have an impact on the commercialization of commercial 5G standalone deployments and revenue generated through 5G services. The ongoing pandemic has forced telecom operators worldwide to test their network resiliency and revisit their planned investments, especially in 5G technology. The report will account for Covid19 as a key market contributor.