Global Network Management Systems Market, By Component (Platform, Solution, Services), Deployment Type (On-Premises, Cloud), Organisation size (Large Enterprises, Small and Medium-Sized Enterprises), End-User (Service Providers, Verticals), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2029.
Market Analysis and Insights Global Network Management Systems Market
Data Bridge Market Research analyses that the network management systems market will exhibit a CAGR of 10.45% for the forecast period of 2022-2029 and is likely to reach the USD 18.23 billion by 2029.
A network management system (NMS) is a set of software that allows network managers to manage the various components of a network as part of a larger network management framework. This programme can maintain track of a network's hardware and software. A network management system, or NMS, gathers information from remote network nodes and provides it to a system administrator for examination.
The network management systems market is being driven by the expansion of in-depth visibility into network security. The upsurge in the demand for maintaining quality of services and quality of experience is a major factor driving the market's growth. The rise in the demand for better optimization of business operations is driving up demand for network management systems market. Other significant factors such as increase in the internet penetration and government’s digitization strategy in both developing as well as developed countries will cushion the growth rate of network management systems market. Another vital factor is the surging number of mobile users will accelerate the growth of network management systems market. Furthermore, emerging demand from digital economy to manage and control network functions with the purpose of providing excellent services will influence the network management systems market for the forecast period mentioned above.
Moreover, technological advancements, significant growth in global Ip traffic and cloud traffic and prominence of IoT will boost the beneficial opportunities for the network management systems market growth. Additionally, surging demand for network management solutions across SMES will act as market drivers that will further result in the enhancement of growth rate of network management systems market.
However, availability of free network management tools will hinder the growth of the network management systems market. Also, the lack of awareness to select network management solution as per business needs will further pose a challenge to the market. Another factor including less budget constraints will further obstruct the growth rate of network management systems market.
This network management systems market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised 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, geographical expansions, technological innovations in the market. To gain more info on network management systems market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Network Management Systems Market Scope and Market Size
The network management systems market is segmented on the basis of component, deployment type, organisation size and end-user. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis of component, the network management system market is segmented into platform, solution and services. Solutions are further sub-segmented into network performance and monitoring, cloud monitoring, virtual monitoring, SDN monitoring, network configuration, log and event management and others. Others are divided into IP address management and VoIP monitoring. Services are further sub-segmented into consulting services, integration and deployment services, training, support, and maintenance services.
- Based on deployment type, the network management system market is segmented into on-premises and cloud.
- On the basis of organisation size, the network management system market is segmented into large enterprises, small and medium-sized enterprises.
- Network management system market is also segmented on the basis of end-user into service providers and verticals. Service providers are further sub-segmented into telecom service provider, cloud service provider, managed service provider and others. Verticals are further sub-segmented into banking, financial services, and insurance, government, manufacturing, healthcare, retail, transportation and logistics, others. Others are further segmented into education and hospitality.
Network Management Systems Market Country Level Analysis
The network management systems market is analysed and market size, volume information is provided by country, component, deployment type, organisation size and end-user as referenced above.
The countries covered in the network management systems market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the network management systems market during the forecast period of 2022-2029 and will continue to flourish its trend of dominance during the forecast period due to the presence of major service providers, rising level of investment in new data centers and increasing integration of 5G infrastructure in this region. Asia-Pacific is expected to grow during the forecast period of 2022-2029 due to the well-established cloud infrastructure, digital transformation and growing government initiatives such as Digital India in this region.
The country section of the network management systems market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Global Network Management Systems Market Share Analysis
The network management systems market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to network management systems market.
Some of the major players operating in the network management systems market are Progress Software Corporation, Cisco Systems, Inc, IBM, Huawei Technologies Co., Ltd., Juniper Networks, Inc., Nokia, SolarWinds Worldwide, LLC, Broadcom, NETSCOUT, Riverbed Technology, Micro Focus, Progress Software Corporation, BMC Software, Inc., ExtraHop Networks, Colasoft, LiveAction, Kentik., VIAVI Solutions Inc., and Accedian, Paessler among others.
In January 2021, Cambium had launched the new wireless network management system named cnMaestro. It is designed for enhancing network efficiency and available in two options including cnMaestro X for medium to large networks and license free cnMaestro Essentials for small and medium networks.