Network Management Systems Market Rapid Revenue Expansion Forecast by Acumen Research

Key Points and Statistics on the Network Management Systems Market:
● The market is projected to swell to USD 21.1 Billion by 2030, with a CAGR of 9.7% from 2022 to 2030.
● North America's market share surpassed USD 3.4 billion in 2021, while the Asia-Pacific market is expected to experience a CAGR exceeding 10% in the same forecast period.
● The solutions component, encompassing accounting, configuration, fault, performance, and security management, secured 68% of the market share in 2021.
● The IT & telecom industry vertical was a significant contributor, generating USD 2.3 billion in revenue in 2021.

Network management systems (NMS) are integral components in the orchestration of computer networks, from small local area networks to vast enterprise-wide networks. The market, which was valued at USD 9.2 billion in 2021, is on a trajectory to hit USD 21.1 billion by 2030. These systems are increasingly vital in monitoring, managing, and optimizing network performance, ensuring robust security, and facilitating seamless communication across various industries.

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Network Management Systems Market Overview and Analysis:
NMS are pivotal for the operational integrity of modern enterprises, providing a strategic platform for managing increasingly complex network infrastructures. The market is innovating with cloud-based solutions and advanced security features to meet the growing demands. However, high implementation costs and a shortage of skilled professionals pose challenges to market growth.

Latest Network Management Systems Market Trends and Innovations:
Adoption of AI and ML for predictive analytics in network management.
Cloud-based NMS solutions for enhanced scalability and flexibility.
Sophisticated security management features to counteract cyber threats.

Major Growth Drivers of the Network Management Systems Market:
Escalating complexity and reliance on network infrastructures for business operations.
The imperative need for robust security measures against cyber threats.

Key Challenges Facing the Network Management Systems Industry:
High costs of implementation and ongoing maintenance.
The scarcity of skilled network management professionals.
Interoperability issues among diverse network systems and components.

Market Segmentation Insights:

By Component:
● Solutions
○ Accounting
○ Configuration
○ Fault
○ Security Management
○ Performance
● Services
○ Integration & Implementation
○ Consulting
○ Support & Maintenance
○ Training

By Deployment:
● Cloud-Based.
● On-Premises

By Enterprise:
● SMEs.
● Large Enterprises

By Industry Vertical:
● BFSI
● IT & Telecom
● Manufacturing
● Government
● Transportation & Logistics
● Healthcare
● Media & Communication
● Retail
● other

Overview by Region of the Network Management Systems Market:
North America leads with established vendors and high adoption rates.
Asia-Pacific is a burgeoning market, driven by a growing internet user base and rapid technological adoption.

Network Management Systems Market Table of Content:

CHAPTER 1. Industry Overview of Network Management Systems Market

CHAPTER 2. Research Approach

CHAPTER 3. Market Dynamics And Competition Analysis

CHAPTER 4. Network Management Systems Market By Component

CHAPTER 5. Network Management Systems Market By Deployment

CHAPTER 6. Network Management Systems Market By Enterprise

CHAPTER 7. Network Management Systems Market By Industry Vertical

CHAPTER 8. North America Network Management Systems Market By Country

CHAPTER 9. Europe Network Management Systems Market By Country

CHAPTER 10. Asia-Pacific Network Management Systems Market By Country

CHAPTER 11. Latin America Network Management Systems Market By Country

CHAPTER 12. Middle East & Africa Network Management Systems Market By Country

CHAPTER 13. Player Analysis Of Network Management Systems Market

CHAPTER 14. Company Profile

List of Key Players in the Global Market:
BMC Solutions, Inc., Broadcom, Inc. (CA Technology), Colasoft, Inc., Cisco Systems, Inc., HPE, Huawei Technologies Co. Ltd., IBM Corporation, Juniper Networks, Inc., Paessler AG, Nokia Corporation, NetScout Systems, Inc., Oracle Corporation, Riverbed Technologies, Inc., SolarWinds Inc., and VIAVI Solutions, Inc.

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