Network Management System Market Size, Opportunities, Share, Key Development Analysis and Outlook

Network Management System Market Overview

A group of software programmes known as a network management system (NMS) give network administrators the ability to control a network's different parts within the framework of a larger network management system. This utility is capable of monitoring both software and hardware within a network. Data is gathered from distant network nodes by a network management system, or NMS, and sent to a system administrator for review. Network element vendors provide NMS software with performance data via APIs or a standard like Net Flow. The main advantage of this programme is that it gives customers the ability to oversee and control all aspect of their company from one location.

Network Management System Market Report Scope and Research Methodology

The comprehensive analysis report offers valuable insights into the dynamics, trends, and future prospects of the Network Management System industry during the forecast period. It covers key market drivers, challenges, and recent developments, along with demand trends, growth stimulators, spending patterns, and modernization trends across different regions.

The research is based on extensive research and analysis, incorporating inputs from industry experts, government agencies, and market participants, providing a reliable and accurate assessment of the market dynamics and future trends.

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Network Management System Market Valuation:

Network Management System Market size was valued at US$ 9.20 Bn. in 2022 and the total revenue is expected to grow at 9.53 % through 2023 to 2029, reaching nearly US$ 17.39 Bn.

Network Management System Market Dynamics

The global market is growing due in large part to expanding internet penetration and government digitization strategies in both developed and developing nations. Increased government spending on IT infrastructure and an increase in internet users are two further factors that are anticipated to fuel market expansion.

An increase in the number of mobile phone users and the demand for network management systems-which are used to monitor and control network functions in order to deliver top-notch services-from the digital economy are two more factors anticipated to fuel the growth of the global market over the course of the forecast period.

Network Management System Market Segmentation

by Component

Solutions
Services

The global market is further divided into Solutions and Services based on the Component. With a 73% market share in 2022, the Solutions sector is anticipated to grow at the greatest compound annual growth rate (CAGR) of 8.24% during the course of the forecast period. Among the solutions offered by NMS are Accounting Management, Performance Management, Configuration Management, Security Management, and Troubleshooting. Growth in data security concerns and need for the system's implementation for infrastructure maintenance and monitoring are driving up market share for the Solution segment.

by Deployment

Cloud
On-premises

The global market is divided into two sub-segments: cloud and on-premises, depending on the deployment. In 2022, the On-premises category accounted for 72% of the market share. On-premise solutions may be able to reduce total turnaround time (TAT) in contrast to third-party managed solutions while still offering support and maintenance services in case of failure.

by Enterprise Size

Large Enterprises
SMEs

by End-User

Vertical
Service Provider

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Network Management System Market Key Players

1. Avaya Inc.
2. Alcatel-Lucent S.A.
3. IBM Corporation
4. Juniper Networks Inc.
5. Cisco Systems Inc.
6. Aruba Network Inc.
7. CA Technologies Inc.
8. Netscout System, Inc.
9. Solarwinds Worldwide
10. LLC
11. BMC Software, Inc.
12. Compuware Corporation
13. Huawei
14. Nokia
15. Riverbed Technology
16. Micro Focus
17. Ipswitch
18. ExtraHop Networks
19. Colasoft
20. Flowmon Networks
21. ManageEngine
22. LiveAction
23. Paessler AG
24. SevOne
25. Cubro Network Visibility

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Table of content for the Network Management System Market includes:

Part 01: Executive Summary

Part 02: Scope of the Network Management System Market Report

Part 03: Global Network Management System Market Landscape

Part 04: Global Network Management System Market Sizing

Part 05: Global Network Management System Market Segmentation by Type

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

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Regional Insights:

North America accounted for 35.3% of the market in 2022, the biggest share. Quick 5G infrastructure rollouts, significant expenditures in new data centre construction, and increasing internet penetration rates have all occurred in North America. Europe is predicted to grow at the highest CAGR of 8.92% in the worldwide network management system over the forecast period, from its second-largest market share of 29% in 2022. The area has one of the top spots in the industry due to the ongoing expansion of IoT systems and devices, the expansion of the healthcare industry, and the creation of data protection laws like the Data Protection Act of 2018.

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