Network Management System Market Share, Analysis, Outlook And Overview 2034

Which drivers are expected to have the greatest impact on the over the network management system market's growth?
The growth of the network management system market is majorly influenced by the ballooning demand for cloud-based services. In this context, cloud implies servers made accessible through the Internet, and also the software and databases that function on these servers. Network operators have the ability to acquire new network management services, in a dynamic manner, via cloud solutions as opposed to incorporating new hardware. For example, the 2022 State of the Cloud Report by Flexera, an American software firm that reviewed responses from 753 technical professionals, revealed that the cloud expenditure of small to midsized businesses (SMBs) grew substantially by 53%, hitting $1.2 million in annual spend in 2022, a leap from 38% in 2021. As a result, the burgeoning demand for cloud-based services acts as a catalyst for the expansion of the network management system market.

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How will the growth rate of the network management system market shape industry trends by 2034?
In the past few years, the market size of the network management system has expanded significantly. It is projected to increase from $11.12 billion in 2024 to $11.86 billion in 2025, with a compound annual growth rate (CAGR) of 6.6%. The growth observed in the historic period can be credited to factors like the complexity of early networks, the expansion of the Internet, the shift to IP-based networks, attention to security, and the acceleration of remote work.

In the coming years, a swift expansion is anticipated in the network management system market, with the size forecasted to reach $18.82 billion by the year 2029. This represents an impressive compound annual growth rate (CAGR) of 12.2%. The acceleration during the forecast period can be tied to various factors such as the adoption of 5G, the proliferation of IoT, a heightened focus on automation, and the incorporation of cybersecurity. Key trends projected for this period comprise the emerging influence of intent-based networking (IBN), the shift toward cloud-based network management, the combination of artificial intelligence (AI) and machine learning (ML) technologies, as well as the uptake of software-defined networking (SDN) and network function virtualization (NFV).

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What are the most significant trends transforming the network management system market today?
The rise of technology is a crucial trend that is increasingly prominent in the network management system industry. Leading firms within this sector are concentrating on the launch of novel technologies to dominate the market. For instance, in August 2023, VMware, an American cloud computing firm, revealed its implementation of progressive AI functions into their network management structure, representing a significant progression in the sector. Generative AI appears to be among the most radical trends for companies in the forthcoming years, providing enormous potentials in several applications such as content development, code creation, enhancing consumer service experiences, IT operations automation, and creating advanced chatbots for data generation. This integration is anticipated to optimize network management practices and boost performance efficiency by facilitating machines to address intricate problems and enhance human inventiveness.

Which key market segments comprise the network management system market and drive its revenue growth?
The network management system market covered in this report is segmented -

1) By Component: Platform, Solutions, Services
2) By Organization: Large Enterprises, Small and Medium Enterprises
3) By Deployment: On-Premise, Cloud
4) By End-User: Banking, Financial Services, And Insurance, Information Technology And Telecom, Healthcare, Media And Communication, Retail, Other End-Users

Subsegments:
1) By Platform: Network Monitoring Platforms, Configuration Management Platforms, Performance Management Platforms, Security Management Platforms
2) By Solutions: Network Automation Solutions, Network Optimization Solutions, Network Analytics Solutions, Fault Management Solutions
3) By Services: Consulting Services, Implementation Services, Support And Maintenance Services, Training Services

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What regions are at the forefront of network management system market expansion?
North America was the largest region in the network management system market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the network management system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Who are the leading players fueling growth in the network management system market?
Major companies operating in the network management system market include 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.

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What Is Covered In The Network Management System Global Market Report?

•Market Size Forecast: Examine the network management system market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the network management system market for a structured understanding.
•Key Players Overview: Analyze major players in the network management system market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the network management system market.
•Segment Contributions: Evaluate how different segments drive overall growth in the network management system market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the network management system market.
•Industry Challenges: Identify potential risks and obstacles affecting the network management system market.
•Competitive Landscape: Review strategic developments in the network management system market, including expansions, agreements, and new product launches.

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