Network Management System Market Overview:
The Network Management System Market research provides a full competition picture, including market share and company profiles of the major players in the worldwide industry. The scope of the research covers a complete examination of the Network Management System Market, as well as the causes for variances in the industry’s growth in different areas.
Expected Revenue Growth:
Network Management System Market size was valued at US$ 8.40 Bn. in 2021 and the total revenue is expected to grow at 9.53 % through 2021 to 2029, reaching nearly US$ 17.40 Bn.
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Network Management System Market Scope:
To locate and collect material appropriate for this study, this research study makes considerable use of secondary sources, directories, and databases such as annual reports, press releases, journals, corporate websites, and databases.
This Network Management System market report covers new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographies, and product approvals, product launches. To learn more about Maximize Market Research window sensors market, please contact us for an Analyst Brief; our experts will assist you in making an informed market choice to achieve your goals.
Network Management System Market Segmentation:
by Component
• Solutions
• Services
The global market for network management systems is further divided into solutions and services based on component. In 2021, the Solutions segment had a market share of 73%, and over the forecast period, it is anticipated to grow at the highest CAGR of 8.24%. Some of the solutions provided by NMS include security management, troubleshooting, configuration management, performance management, and accounting management.
by Deployment
• Cloud
• On-premises
The global market for network management systems is divided into two submarkets based on deployment: cloud and on-premises. 72% of the market was accounted for by the on-premises segment in 2021. On-premise solutions may be able to reduce total turnaround time (TAT) as compared to third-party managed solutions while still offering support and maintenance services in the event of failure.
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Key Competitors:
The entire approach involves a review of the financial reports of the major market participants. Following the determination of the overall market size, the complete market was divided into many segments and sub-segments and checked with key industry professionals such as CEOs, VPs, directors, and marketing executives. The major players in the Network Management System market are
• Avaya Inc.
• Alcatel-Lucent S.A.
• IBM Corporation
• Juniper Networks Inc.
• Cisco Systems Inc.
• Aruba Network Inc.
• CA Technologies Inc.
• Netscout System, Inc.
• Solarwinds Worldwide
• LLC
• BMC Software, Inc.
• Compuware Corporation
• Huawei
• Nokia
• Riverbed Technology
• Micro Focus
• Ipswitch
• ExtraHop Networks
• Colasoft
• Flowmon Networks
• ManageEngine
• LiveAction
• Paessler AG
• SevOne
• Cubro Network Visibility
Regional Analysis:
The region portion of the Network Management System market study also includes individual market affecting elements and changes in legislation in the market that affect present and future market trends. Current and future trends are discussed in order to estimate the entire market potential and to highlight profitable trends in order to obtain a firmer footing. Geographic market assessment is based on the existing scenario and predicted developments.
COVID-19 Impact Analysis on Network Management System Market:
Following the outbreak of the pandemic, end-user sectors where Network Management System are used had a fall in growth from January to May in a variety of countries, including China, Italy, Germany, the United Kingdom, the United States, Spain, France, and India, due to a suspension in operations. This resulted in a major decrease in the revenues of firms operating in these industries and, as a consequence, in demand for Network Management System manufacturers, influencing the growth of the Network Management System market in 2020. With lockdowns and a rising number of COVID-19 cases throughout the world, the demand for Network Management System from end-user businesses has decreased significantly.
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Key Questions answered in the Network Management System Market Report are:
- Which are the major companies in the Network Management System market?
- Which is the potential market for Network Management System in terms of the region?
- What are the opportunities for new market entrants?
- What is expected to drive the growth of the market in the next seven years?
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