Global Network Management System Market: Major Trends Reshaping the Future of the Industry

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What Will the Network Management System Industry Market Size Be by 2025?
The market size for network management systems has significantly expanded over the past few years. The market is projected to increase from $11.81 billion in 2024 to $12.92 billion in 2025, with a compound annual growth rate (CAGR) of 9.4%. The earlier complexity of networks, the expansion of the Internet, the shift towards IP-based networks, emphasis on security, and the acceleration of remote work can be credited for the growth in the historical period.

What's the Long-Term Growth Forecast for the Network Management System Market Size Through 2029?
In the ensuing years, the network management system market is slated to experience robust growth, anticipated to reach a value of $18.47 billion in 2029, with a compound annual growth rate (CAGR) of 9.3%. This growth during the forecast period could be due to the introduction of 5G, the spread of Internet of Things devices, increased focus on automation and integration of cybersecurity. Some key trends to watch for during this period include the emergence of intent-based networking (IBN), a move towards cloud-based network management, the integration of artificial intelligence (AI) and machine learning (ML), as well as the uptake of software-defined networking (SDN) and network function virtualization (NFV).

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What Are the Key Growth Drivers Fueling the Network Management System Market Expansion?
The surge in demand for cloud-based services is playing a crucial role in propelling the network management system market's expansion. The term 'cloud' refers to servers available over the internet and the software and databases that operate on these servers. Network operators can access new network management services in a dynamic manner via cloud solutions instead of incorporating new hardware. For instance, as per the 2022 State of the Cloud Report by Flexera, a US software firm that surveyed 753 technical professionals, there was a marked increase in the overall cloud expenditure of small to medium-sized businesses (SMBs) by 53%, hitting $1.2 million in annual spending in 2022, a significant rise from 38% in 2021. Thus, the escalated demand for cloud-based services is fueling the growth of the network management system market.

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What Are the Key Trends Driving Network Management System Market Growth?
The rise of technological innovation is a significant trend currently influencing the network management system market. Key players in this sector are aiming to integrate new technologies to gain a competitive edge in the market. For instance, VMware, an American cloud computing firm, declared its intention to incorporate advanced AI capabilities into its network management platform in August 2023, representing a considerable breakthrough in the field. The emergence of generative AI is anticipated to revolutionize enterprises in the next ten years, with a broad range of applications including content production, code development, enhancing customer service interactions, automating IT operations, and constructing advanced chatbots for data creation. This technological integration is predicted to enhance network management processes and boost operational efficiency by empowering machines to gather data and find solutions to complex issues, thereby enhancing human ingenuity.

How Is the Network Management System Market Segmented?
The network management systemmarket 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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Which Companies Are Leading the Charge in Network Management System Market Innovation?
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.

Which Regions Are Leading the Global Network Management System Market in Revenue?
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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