Network Management System Market Overview:
As per Maximize Market Research, a global business research and consultancy firm, the total global market for “Network Management System Market” size was valued at US$ 9.20 Bn. in 2022 and the total revenue is expected to grow at 9.53 % through 2023 to 2029, reaching nearly US$ 17.39 Bn.
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Network Management System Market Dynamics:
Growing internet penetration and government digitization strategies in both developed and developing nations are significant drivers of the global market’s expansion. Increased government spending on IT infrastructure and an increase in internet users are two other reasons predicted to promote industry expansion.
Increased demand from the digital economy for network management systems to manage and control network functions in order to provide top-notch services is another factor anticipated to support the growth of the global market over the forecast period.
Network Management System Market Scope and Methodology
The primary source involved interviews with significant market leaders and industry experts including business owners and marketing specialists while secondary sources are a combination of the reviews of the financial and annual reports of top manufacturers. For better information on market penetration, competitive landscape demand analysis, and regional analysis are taken at the local, regional, and global levels. The report analyses an estimation of the market size of the Network Management System market along with current as well as future trends. The report provides an in-depth analysis of the key development, marketing strategies, supply side and demand side indicators and company profiles of the market owners, market leaders, potential players and new entrants. The bottom-up approach was used in the report to estimate the Network Management System Market. The primary and secondary data sources were used to collect data.
Network Management System Market Segmentation:
by Component
Solutions
Services
by Deployment
Cloud
On-premises
by Enterprise Size
Large Enterprises
SMEs
by End-User
Vertical
Service Provider
The global market is divided into Solutions and Services based on the Component. In 2022, the Solutions segment had a market share of 73%, and during 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. Growing worries about data security and increased need for the deployment of the system for maintaining and monitoring communication infrastructure both contribute to the Solution segment’s market share growth.
Through NMS, you can get assistance with integration and deployment, training, support and maintenance, and consultancy. While throughout the projected period, the Services segment is anticipated to grow at the fastest rate of 10.3%.
The global market is further divided into Cloud and On-premises based on Deployment. 72% of the market was accounted for by the on-premises segment in 2022. 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.
However, over the past few years, small and medium-sized organisations (SMEs) in particular have drastically increased their preference for software as a service (SaaS) delivery models and their adoption of cloud-based solutions. Numerous benefits of cloud-based systems include simplicity of use, reduced overall infrastructure costs, and quick solution implementation. The CAGR for the cloud-based industry is anticipated to be greater throughout the anticipated time frame.
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Network Management System Market Key Players:
1. Avaya Inc.
2. Alcatel-Lucent S.A.
3. IBM Corporation
4. Juniper Networks Inc.
5. Cisco Systems Inc.
6. Aruba Network Inc.
7. CA Technologies Inc.
8. Netscout System, Inc.
9. Solarwinds Worldwide
10. LLC
11. BMC Software, Inc.
12. Compuware Corporation
13. Huawei
14. Nokia
15. Riverbed Technology
16. Micro Focus
17. Ipswitch
18. ExtraHop Networks
19. Colasoft
20. Flowmon Networks
21. ManageEngine
22. LiveAction
23. Paessler AG
24. SevOne
25. Cubro Network Visibility
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Network Management System Market Regional Insights:
The Network Management System market demonstrates extensive segmentation across North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. The report offers a comprehensive evaluation of various aspects, encompassing factors, market dimensions, growth pace, and regional import-export dynamics. This analysis delves into both local and country levels within each region.
Key questions answered in the Network Management System Market are:
- What is Network Management System?
- What was the Network Management System market size in 2022?
- What are the different segments of the Network Management System Market?
- What growth strategies are the players considering to increase their presence in Network Management System?
- What are the upcoming industry applications and trends for the Network Management System Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Network Management System Market?
- Who are the key players in the Network Management System market?
- What segments are covered in the Network Management System Market?
- Who are the leading companies and what are their portfolios in Network Management System Market?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2021)
- Past Pricing and price curve by region (2018 to 2021)
- Market Size, Share, Size & Forecast by different segment | 2023−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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