Press release
Network Management System Market: A Swift Progression Towards $18.82 Billion by 2029
Network Management System Market Share
Key Drivers, Major Players and Trends of the Rapidly Growing Network Management System Market
What Is The Projected Market Size Of The Global Network Management System Market And Its Growth Rate?
• The network management system market size was $11.12 billion in 2024, grew to $11.86 billion in 2025 at a compound annual growth rate (CAGR) of 6.6%.
• The market size is estimated to catapult to $18.82 billion in 2029 at a compound annual growth rate (CAGR) of 12.2%.
The market's steady growth can be attributed to factors such as the rise of intent-based networking (IBN), shift towards cloud-based network management, integration of artificial intelligence (AI) and machine learning (ML), and the adoption of software-defined networking (SDN) and network function virtualization (NFV).
What Is Driving The Growth In The Network Management System Market?
The growth of the network management system market is significantly propelled by the increasing demand for cloud-based services. Cloud refers to servers that are accessed over the Internet, and the software and databases that run on those servers. Network operators can dynamically acquire new network management services using cloud solutions instead of installing new hardware. For instance, the 2022 State of the Cloud Report by Flexera mentions that small to midsized businesses' (SMBs') cloud spend had grown to 53%, reaching $1.2 million in annual spend in 2022, a substantial rise from 38% in 2021.
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Who Are the Key Players Driving Network Management System Market Growth?
• Deutsche Telekom AG
• Huawei Technologies Co Ltd.
• Hewlett Packard Enterprise Development LP
• International Business Machines Corporation (IBM)
• Cisco Systems Inc.
• Oracle Corporation
• Broadcom Inc.
• Ericsson AB
• Nokia Corporation
• Telstra Corporation Limited
• Telia Company AB
• Juniper Networks Inc.
• Colt Technology Services Group Limited
• Micro Focus International plc
• BMC Software Inc.
• Alcatel-Lucent Enterprise S.A.
• Viavi Solutions Inc.
• Extreme Networks Inc.
• Zoho Corporation Pvt Ltd.
• NETSCOUT Systems Inc.
• SolarWinds Inc.
• Progress Software Corporation
• Kaseya VSA LLC
• Paessler AG
• LiveAction Inc.
• eG Innovations Inc.
• Colasoft Technology Co Ltd.
• Cubro Network Visibility
• Kentik Inc.
What Are The Key Trends In The Network Management System Market?
• Shift towards cloud-based network management
• Integration of artificial intelligence (AI) and machine learning (ML) in network management
• Adoption of software-defined networking (SDN) and network function virtualization (NFV)
What Are The Segments Of The Global Network Management System Market?
• By Component: Platform, Solutions, Services
• By Organization: Large Enterprises, Small and Medium Enterprises
• By Deployment: On-Premise, Cloud
• By End-User: Banking, Financial Services, And Insurance, Information Technology And Telecom, Healthcare, Media And Communication, Retail, Other End-Users
Which Region Leads The Network Management System Market?
North America was the leading region in the network management system market in 2024, with the Asia-Pacific region expected to be the fastest-growing in the forecast period. The network management system market report covers regions including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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What Is Covered In The Network Management System Market Global Market Report?
• Market Size Analysis: Analyze the Network Management System Market size by key regions, countries, product types, and applications.
• Market Segmentation Analysis: Identify various subsegments within the Network Management System Market for effective categorization.
• Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
• Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
• Market Contribution: Evaluate contributions of different segments to the overall Network Management System Market growth.
• Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
• Industry Challenges: Analyze challenges and risks affecting the Network Management System Market.
• Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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