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The global internet protocol address management market is expected to grow in the increasing requirement for network security and efficiency resources allocation due to rising adoption of cloud computing and IoTs. Internet protocol address management (IPAM) is an administration of DNS and DHCP protocols. It is essential for assigning and managing IP addresses in a network.
This software plays a significant role in managing and tracking IP address allocations with an organization, it ensures smooth and efficient network operation. It is an essential tool for managing IP address allocation, tracking, and monitoring.
Proliferation of IP-Enabled Devices and Transition from IPv4 to IPv6 Boost Market Growth
The growing aspect for the market growth is the increasing number of IP-enabled devices. There is a fast increasing connection of the internet with devices such as smartphones, IoT devices and industrial equipment. They are necessitating efficient IP address management to prevent conflicts and ensure seamless connectivity is impelling market growth.
Furthermore, increasing transition of IP addresses from IPv4 to IPv6 addresses are bolstering market growth. These changes are supporting demand for robust IPAM solutions to handle coexistence and migration processes effectively. Additionally, the expansion of cloud services is impelling market growth. The complexities are rising across hybrid and multi-cloud environments fostering demand for the IPAM solutions. â
High Implementation Costs and Security Concerns Impede Market Growth
The limiting attribute for the market impediment is requirement of high implementation cost for the system. The deployment of complete IPAM solutions needs skilled personnel and equipment which are expensive. The high cost is becoming a barrier for the small businesses to adopt the solution due to limited budget constraints. Additionally, implementation of the new version of the system with the existing system is highly complex. This is also having legal challenges hindering the market growth.
Furthermore, rising concern regarding privacy issues are hampering market growth. Managing IP addresses involves handling sensitive data and inadequate security measures are making the system vulnerable. This attribute is making networks susceptible to cyber threats which are discouraging many organizations from adopting the solutions.
Adoption of IoT Devices and Emphasis on Network Security Create Opportunity for Market Growth
One of the significant opportunities for the market expansion is integration of the internet of things (IoTs) into the system. This rising ecosystem is connecting each device which is requiring unique IP addressing and management is boosting market growth. Additionally, rising cyber threats are pushing organizations to prioritize a secure network infrastructure and are opening new avenues for market growth. The increased investments in IPAM solutions which offer high security features are making its place in the market.
Furthermore, increasing government initiatives are also offering great options for market expansion. Government initiative to boost internet security is encouraging producers to provide innovative solutions to the security issues. Incorporation of secure routing protocols are encouraging end-users to adopt the advanced IPAM system into their organizations, fostering market growth.
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The report covers the following key insights:
Based on type, the internet protocol address management market is divided into IPv4 and IPv6.
The IPv6 segment is dominating in the market due to the increasing adoption of this segment to accommodate the upgraded infrastructure. Ti ensures future scalability and innovation in the software.
The IPv4 segment is expected to grow significantly due to its extensive legacy use. This segment is highly used due to the increasing rapid growth of the internet.
Based on application, the internet protocol address management market is divided into wireless communication devices, mobile computers, IP telephony, virtual machines, and POS terminals.
The wireless communication devices segment is leading in the market, driven by the fast advancement in new technologies and wide adoption of many applications. The new devices along with high penetration of modern techniques are boosting its growth.
The IP telephony is expected to gain growth in the market, caused by the IPAM enhancing its resource utilization. It is relying on bandwidth management to ensure quality calls are impelling its growth.
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Based on geography, the market has been studied across North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
North America is the dominating region in the market, driven by the early adoption of IPv6 by the organization. Growing significant investments in network security systems supported the market expansion in this region.
Europe is witnessing considerable market growth, caused by the imposition of stringent regulatory frameworks in this region. Rising focus on improvement of data protection and widespread adoption of IPv6 are impelling demand for the system and consequently boosting market growth.
Asia Pacific is expected to grow rapidly due to the fast digitalization of various areas in this region. The proliferation of internet based devices and its utilization by numerous consumers are bolstering market growth. Additionally, the expansion of cloud services is fueling demand for the solutions in this region.
The report includes the profiles of the following key players:
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