The Business Research Company’s report on the Network Management System Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
How have key drivers contributed to the rapid growth of the network management system market?
Increasing demand for cloud-based services is significantly contributing to the growth of the network management system market going forward. Cloud refers to servers that are provided over the Internet and the software and databases that run on those servers. The network operators can get new network management services dynamically using cloud solutions rather than installing new hardware. For instance, according to the 2022 State of the Cloud Report by Flexera, a US-based software company that surveyed 753 technical professionals, overall small to midsized businesses’ (SMBs’) cloud spend had grown substantially to 53%, reaching $1.2 million in annual spend in 2022, which was up from 38% in 2021. Therefore, the increasing demand for cloud-based services is driving the network management system market growth.
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How has the network management system market size evolved, and what are the latest forecasts for its expansion?
The network management system market size has grown strongly in recent years. It will grow from $11.12 billion in 2024 to $11.86 billion in 2025 at a compound annual growth rate (CAGR) of 6.6%. The growth in the historic period can be attributed to early network complexity, Internet expansion, transition to IP-based networks focus on security, remote work acceleration.
The network management system market size is expected to see rapid growth in the next few years. It will grow to $18.82 billion in 2029 at a compound annual growth rate (CAGR) of 12.2%. The growth in the forecast period can be attributed to 5G implementation IoT proliferation increased emphasis on automation cybersecurity integration. Major trends in the forecast period include rise of intent-based networking (IBN), shift towards cloud-based network management, integration of artificial intelligence (AI) and machine learning (ML), adoption of software-defined networking (SDN) and network function virtualization (NFV).
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Which major companies dominate 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.
What trends will shape the future of the network devices market?
Technological advancement is a key trend gaining popularity in the network management system market. Major companies operating in the network management system sector are focused on introducing new technologies to lead the market. For instance, In August 2023, VMware, a US-based cloud computing company, announced the integration of advanced AI capabilities into its network management platform, marking a significant advancement in the industry. Generative AI is poised to be one of the most transformative trends for enterprises in the coming decade, offering vast potential in various applications, including content creation, code generation, enhancing customer service experiences, automating IT operations, and developing sophisticated chatbots for data generation. This integration is expected to streamline network management processes and improve operational efficiency by enabling machines to solve complex problems and amplify human creativity.
Which region dominates the network management system market, and what factors contribute to its leadership?
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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How is the network management system market segmented, and which segment holds the largest share?
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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How is the network management system market defined?
A network management system (NMS) refers to a set of applications that allow network engineers to manage a network’s independent components inside a bigger network management framework and perform several key functions. A network management system oversees all business operations from a single computer. The network management system is used by organizations to manage every aspect of the office, such as device monitoring and management and performance analysis. It provides intelligent notifications and alerts, which save time and money and help increase productivity.
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