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IP ADDRESS TRACKING SOFTWARE MARKET REPORT OVERVIEW
The global IP address tracking software market size was USD 752 million in 2022 and market is projected to touch USD 1072.2 million by 2029 at CAGR 5.2% during the forecast period.
Organizations can control their IP address space with the use of IP address management (IPAM) solutions. They may be used to reserve IP addresses for later usage and to keep track of which devices are utilizing particular IP addresses. Because IPv4 addresses are becoming scarce, it is critical for businesses to monitor and manage their IP address space. The market's expansion may be ascribed to organizations' growing need for network security and automation solutions. Additionally, the industry is expanding as a result of the increasing use of cloud-based IPAM products.
COVID-19 Impact: Pandemic Flanged Remote Operations with Realm of Software Solutions Boosted the Market Growth
The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.
Amidst the initial phases of the COVID-19 pandemic, several enterprises across diverse sectors saw disturbances and modifications in their objectives. As more individuals began working from home, there was a greater focus in the fields of cybersecurity and software solutions on protecting digital assets and ensuring remote work security. As businesses looked to protect their networks and data from possible attacks, especially those connected to weaknesses in remote labor, cybersecurity as a whole gained relevance. Aside from additional cybersecurity precautions, IP address tracking software may be useful for monitoring and safeguarding distant connections.
LATEST TRENDS
"Increased Emphasis on Cybersecurity and Cloud-Based Solutions to Raise High the Market Shares"
Organizations were emphasizing cybersecurity measures more due to the increase in cyber threats and assaults. Demand for IP address tracking software, which is a component of network security and surveillance, most certainly risen. The need for cloud-based IP address tracking solutions is rising as more and more businesses move their infrastructure online. For remote monitoring, these technologies provide accessibility, scalability, and flexibility.
IP ADDRESS TRACKING SOFTWARE MARKET SEGMENTATION
By Type
Based on type the global market can be categorized into cloud-based and on-premise.
- Cloud-Based: IP address data is stored and managed via cloud-based technologies. Several users may create, test, implement, and run applications on the same physical hardware and software environment thanks to this shared resource service architecture. Cloud-based solutions save IT overhead expenses by lowering the cost of delivering corporate applications on various devices, including servers, laptops, smartphones, and tablets.
- On-Premises: In-house IP addresses, subnet masks, domain name resolution, routers, gateways, and other network configurations are managed by IPAM tools, which are software or a group of tools. Since these solutions don't rely on internet access, they offer greater data retrieval reliability.
By Application
Based on application the global market can be categorized into large enterprises and SMEs.
- Large Enterprises: Big businesses frequently have intricate networks with many of devices and users. Software that tracks IP addresses is useful for keeping an eye on network traffic, spotting possible security risks, and learning about odd activity. IP address monitoring technologies help with the quick investigation and resolution of security problems. They assist in tracking the origin of an attack, determining its course, and assisting in its mitigation. Businesses track IP addresses to implement access control regulations. By keeping track of IP addresses, you can make sure that only authorized users and devices are able to access particular network resources. Large businesses frequently have to abide by rules pertaining to data privacy and industry requirements. IP address tracking software helps with auditing procedures and offers visibility into network activity, which may support compliance initiatives.
- Small and Medium Sized Enterprises: Even with minimal resources, SMEs require efficient network monitoring. Software for tracking IP addresses offers a cost-effective way to learn about network activity and any security risks. SMEs frequently have to make the most of their little funding. IP address tracking ensures effective IP address distribution and use by optimizing network resources. SMEs may employ IP address tracking to protect and monitor remote connections as remote work becomes more common. This is essential to guaranteeing that remote workers adhere to the organization's security policy and safely access the network. Tracking IP addresses makes it easier to have an exact list of all connected devices. For SMEs to monitor device locations, manage their IT assets, and make sure licensing needs are met, this is crucial. Monitoring IP addresses is useful for identifying and stopping illegal network access. This is especially crucial for SMEs who have a small IT team and budget.
DRIVING FACTORS
"Rising Remote Work Operations and Its Security to Level Up the Market Growth"
Organizations require solutions to protect and manage remote connections as the amount of work being done remotely increases. The use of IP address tracking software ensures that remote workers connect to the network safely by managing and safeguarding remote access points. Software for monitoring IP addresses frequently integrates with other cybersecurity products to provide a more complete security ecosystem. Network security may be improved by integrating SIEM (Security Information and Event Management), threat intelligence, and other solutions.
"Automation and AI Driven Security to Streamline Market Growth"
Operational efficiency is enhanced by IP address tracking software's automation functions. Processes that are automated for allocating IP, monitoring modifications, and handling security problems can lessen human labor and speed up reaction times. Artificial intelligence (AI) and automation are essential for promptly recognizing and addressing security issues. AI may be used in IP address tracking systems to instantly identify and react to questionable activity.
RESTRAINING FACTOR
"Dynamic IP Address and Integration Challenges to Hold Back the Market Growth"
Numerous networks employ dynamic IP addressing, in which a DHCP (Dynamic Host Configuration Protocol) server assigns IP addresses to devices on a dynamic basis. When IP addresses change often, it might be difficult to map and monitor devices correctly using IP address tracking. It might be difficult to integrate IP address tracking software with network infrastructure and other security solutions. Compatibility problems might occur, and further configuration and customization would be needed for a flawless connection. However, integration challenges and dynamic IP address to hinder the IP address tracking software market growth throughout the projected timeframe.
IP ADDRESS TRACKING SOFTWARE MARKET REGIONAL INSIGHTS
The market is primarily segregated into North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa.
"North America Dominated the Market with the Presence of Major Key Players"
The North American region is deemed to account for the largest IP address tracking software market share in the forecast period. This is explained by the existence of important companies like Citrix, Hewlett Packard Enterprise, and Cisco Systems, Inc. To obtain a competitive edge, the businesses are making significant investments in the creation of new products and strategic alliances. For example, Cisco Systems, Inc. and the Atos Managed OpenShift (AMOS) distribution teamed in September 2018 to provide a strong Digital Workplace for businesses globally.
KEY INDUSTRY PLAYERS
"Major Industry Players Using Ingenuity and Strategic Alliances towards Market Expansion "
Significant market participants have a significant effect on the market and are essential in identifying consumer preferences and market dynamics. These large companies' extensive retail networks and online platforms give customers simple access to a wide variety of apparel options. Due to their strong global presence and well-known brand, which have also strengthened consumer confidence and loyalty, product adoption has risen. Along with continuously funding R&D, these giants of industry also introduce cutting-edge designs, materials, and ingenious features to IP address tracking software in response to shifting consumer tastes and expectations. The combined efforts of these large companies have a significant influence on the future course and degree of competition in the market.
List of Market Players Profiled
- SolarWinds (U.S.)
- Opentracker (The Netherlands)
- GestioIP (Spain)
- ManageEngine OpUtils (India)
- Famatech (U.S.)
- LizardSystems (Canada)
- BlueCat IPAM (U.S.)
- BT Diamond IP (U.S.).
INDUSTRIAL DEVELOPMENT
July 2021: The managed service provider (MSP) division of SolarWinds was split off from the main business. N-able is the new publicly listed firm that is traded independently.
REPORT COVERAGE
The report includes a thorough SWOT analysis and offers predictions for market growth in the future. It explores a broad range of market categories and possible applications that might have an impact on the market's trajectory in the upcoming years, as well as key aspects that contribute to the market's growth. The research provides a comprehensive overview of the market's components and identifies possible growth opportunities by taking into account both historical turning points and present trends.
| REPORT COVERAGE | DETAILS |
|---|---|
Market Size Value In |
US$ 752 Million in 2022 |
Market Size Value By |
US$ 1072.2 Million by 2029 |
Growth Rate |
CAGR of 5.2% from 2022 to 2029 |
Forecast Period |
2024-2032 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Type and Application |
Frequently Asked Questions
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What value is the IP address tracking software market expected to touch by 2028?
The global IP address tracking software market is expected to reach USD 1072 million by 2028.
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What CAGR is the IP address tracking software market expected to exhibit by 2028?
The IP address tracking software market is expected to exhibit a CAGR of 5.2% by 2028.
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Which are the driving factors of the IP address tracking software market?
Rising remote work operations, its security, automation and AI driven security are the driving factors of the market.
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What are the key IP address tracking software market segments?
The key market segmentation that you should be aware of, which include, Based on type the market is classified as cloud-based and on-premise. Based on application the market is classified as large enterprises and SMEs.
