Press release
Soaring Demand Set to Propel Network Management System Market to $18.82 Billion by 2029
Network Management System Market
Network Management System Market Size Growth Forecast: What to Expect by 2025?
The market size of the network management system has seen robust growth in the past few years. The market is expected to expand from $11.12 billion in 2024 to $11.86 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 6.6%. Factors contributing to this growth during the historic period include the complexity of early networks, the proliferation of the Internet, the shift to IP-based networks, a renewed emphasis on security, and the rapid emergence of remote work.
How Will the Network Management System Market Size Evolve and Grow by 2029?
Anticipations suggest a swift expansion of the network management system industry in the forthcoming years, with the market size escalating to $18.82 billion in 2029, reflecting a compound annual growth rate (CAGR) of 12.2%. This surge during the forecast period is attributable to factors like 5G execution, spread of IoT, heightened attention to automation and cybersecurity fusion. Within the prediction timeframe, major developments include the emergence of intent-based networking (IBN), transition towards cloud-based network management, integration of machine learning (ML) and artificial intelligence (AI), as well as software-defined networking (SDN) and network function virtualization (NFV) acceptance.
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What Drivers Are Propelling the Growth of Network Management System Market Forward?
The rise in the demand for services based on the cloud is considerably aiding the expansion of the network management system market. The term "cloud" pertains to servers accessible via the internet, along with the software and databases operating on these servers. Using cloud solutions, network operators can dynamically access new network management services instead of incorporating new hardware. For example, Flexera, a software firm based in the US, stated in its 2022 State of the Cloud Report that the overall outlay on the cloud by small to mid-sized businesses (SMBs) had appreciably increased to 53%, achieving $1.2 million in 2022, marking a notable increase from 38% in 2021. Hence, the escalating demand for services grounded on the cloud is propelling the growth of the network management system market.
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Which Emerging Trends Are Transforming the Network Management System Market in 2025?
The march of progress in technology is emerging as a crucial component in the evolution of the network management system market. Pre-eminent corporations in this sector are prioritizing the deployment of novel technologies to consolidate their leadership in the market. For instance, in August 2023, VMware, a prominent American company specializing in cloud computing, revealed its plan to merge cutting-edge AI capabilities with its network management platform, symbolizing a remarkable leap forward in this field. Generative AI is forecasted to usher in a major transformation in the corporate world in the next decade, with its extensive potential in diverse areas such as content creation, code generation, augmentation of customer service experience, IT operations automation, and the creation of advanced chatbots for data compilation. This amalgamation is anticipated to simplify the network management procedures and enhance functional efficiency by empowering machines to tackle intricate problems and boosting human inventiveness.
What Are the Key Segments in the Network Management System Market?
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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Who Are the Key Players Shaping the Network Management System Market's Competitive Landscape?
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.
What Geographic Markets Are Powering Growth in the Network Management System Market?
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.
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