Network Management System Market Analysis, Size, Share, Growth, Trends, and Forecast

The Network Management System (NMS) market has seen significant growth and transformation in recent years. This report by Straits Research provides an in-depth analysis of the market's current landscape, trends, and projections.

Industry Dimensions

Definition and Values:
A Network Management System (NMS) is a software tool used to manage, monitor, and control network resources and operations. It enables network administrators to oversee the entire network infrastructure, ensuring optimal performance, reliability, and security. The market for NMS was valued at approximately $8.5 billion in 2024 and is projected to grow significantly, reaching $16.52 billion by 2028, with a compound annual growth rate (CAGR) of 9.8% from 2023 to 2028

Industry Key Trends

• Rise of Intent-Based Networking (IBN): This trend focuses on automating network management through AI-driven insights.
• Shift Towards Cloud-Based Solutions: Increasing adoption of cloud technologies is driving demand for cloud-based NMS.
• Integration of Artificial Intelligence (AI) and Machine Learning (ML): These technologies enhance network monitoring and management capabilities.
• Adoption of Software-Defined Networking (SDN): SDN allows for more flexible and efficient network management.
• Increased Emphasis on Cybersecurity: Growing concerns over data breaches are pushing companies to invest in robust NMS solutions.

Network Management System Market Size and Share

The global NMS market size was valued at $10.57 billion in 2023 and is expected to grow to $11.38 billion in 2024, reflecting a CAGR of 7.8%. This growth is attributed to the increasing complexity of networks, the expansion of the Internet, and the rising focus on security measures due to remote work trends.

Request a free request sample (Full Report Starting from USD 995) : https://straitsresearch.com/report/network-management-system-market/request-sample

Network Management System Market Statistics

• Current Market Size: $10.57 billion (2023)
• Projected Market Size: $16.52 billion (2028)
• CAGR (2023-2028): 9.8%
• Key Drivers: Implementation of 5G technology, IoT proliferation, and demand for automation
   

Regional Trends

North America

• Dominates the NMS market due to advanced technology adoption, particularly in the telecommunications sector.
• Key countries include the United States and Canada, where the emergence of new businesses and data centers drives demand.

Asia-Pacific (APAC)

• The fastest-growing region for NMS, fueled by rapid digitalization and industrialization.
• Countries like India, China, and Japan are leading in 5G implementation, creating substantial opportunities for NMS solutions.

Europe

• A mature market with steady growth driven by regulatory compliance needs and cybersecurity concerns.
• Major countries include the United Kingdom, Germany, and France, where businesses are increasingly adopting advanced NMS technologies.

LAMEA (Latin America, Middle East, Africa)

• Emerging markets are beginning to adopt NMS solutions as infrastructure improves.
• Countries such as Brazil, South Africa, and the UAE are seeing increased investments in network management technologies.

Top Key Players of Network Management System Market :

1. IBM Corporation
2. Broadcom Inc.
3. Riverbed Technologies
4. SolarWinds Inc.
5. Cisco Systems Inc.
6. Nokia Corporation
7. Oracle
8. Paessler AG
9. VIAVI Solutions Inc.
10. NetScout Systems Inc.
11. Colasoft Inc.
12. Huawei Technologies Co. Ltd.
13. Hewlett Packard Enterprise Company
14. Juniper Networks Inc.
15. Dell Technologies Inc.
16. BMC Software. The U.S. comprises some prominent players such as Oracle Corporation
17. Dell Technologies
18. Cisco Systems
19. Hewlett Packard Enterprise Company.

and more....

Network Management System Market Segmentations

1. By Company
   • IBM Corporation
   • Broadcom Inc.
   • Riverbed Technologies
   • SolarWinds Inc.
   • Cisco Systems Inc.
   • Nokia Corporation
   • Oracle
   • Paessler AG
   • VIAVI Solutions Inc.
   • NetScout Systems Inc.
   • Colasoft Inc.
   • Huawei Technologies Co. Ltd.
   • Hewlett Packard Enterprise Company
   • Juniper Networks Inc.
   • Dell Technologies Inc.
   • BMC Software
2. By Component
   • Platform
   • Solutions
   • Services
3. By Solution
   • Network Performance & Monitoring
   • Cloud Monitoring
   • Virtual Monitoring
   • SDN Monitoring
   • Network Configuration
   • Log and Event Management
   • Others
4. By Service
   • Consulting Services
   • Integration and Deployment Services
   • Training, Support, and Maintenance Services
5. By Deployment Type
   • On-premises
   • Cloud
6. By Organization Size
   • Large Enterprises
   • SMEs
7. By End User
   • Service Providers
   • Verticals
8. By Service Provider
   • Telecom Service Providers (TSPs)
   • Cloud Service Providers (CSPs)
   • Managed Service Providers (MSPs)
   • Others (ISPs and cable operators)
9. By Verticals
   • BFSI (Banking, Financial Services, Insurance)
   • IT and Telecom
   • Government
   • Manufacturing
   • Healthcare
   • Retail
   • Transportation & Logistics
   • Others (education and hospitality)

Get Detail Market Segmentation @ https://straitsresearch.com/report/network-management-system-market/segmentation

Conclusion

The Network Management System market is poised for significant growth driven by technological advancements, increasing complexity in networks, and a heightened focus on security measures. With major players investing heavily in innovative solutions across various regions, the market is expected to evolve rapidly over the coming years. As organizations continue to prioritize efficient network management strategies, the demand for comprehensive NMS solutions will only increase, making it a pivotal area for investment and development in the tech industry.

FAQs answerd in Network Management System Market Research Report

1. What recent brand-building initiatives have key players undertaken to enhance customer value in the Network Management System Market?
2. Which companies have broadened their focus by engaging in long-term societal initiatives?
3. Which firms have successfully navigated the challenges of the pandemic, and what strategies have they adopted to remain resilient?
4. What are the global trends in the Network Management System Market, and will demand increase or decrease in the coming years?
5. Where will strategic developments lead the industry in the mid to long term?
6. What factors influence the final price of Absorption Cooling Devices, and what raw materials are used in their manufacturing?
7. How significant is the growth opportunity for the Network Management System Market, and how will increasing adoption in mining affect the market's growth rate?
8. What recent industry trends can be leveraged to create additional revenue streams?

Scope

• Impact of COVID-19: This section analyzes both the immediate and long-term effects of COVID-19 on the industry, offering insights into the current situation and future implications.
• Industry Chain Analysis: Explores how the pandemic has disrupted the industry chain, with a focus on changes in marketing channels and supply chain dynamics.
• Impact of the Middle East Crisis: Assesses the impact of the ongoing Middle East crisis on the market, examining its influence on industry stability, supply chains, and market trends.

This Report is available for purchase on @ https://straitsresearch.com/buy-now/network-management-system-market

About Us:

Straits Research is a leading research and intelligence organization, specializing in research, analytics, and advisory services along with providing business insights & research reports.

Contact Us:
Email: sales@straitsresearch.com
Address: 825 3rd Avenue, New York, NY, USA, 10022
Tel: +1 646 905 0080 (U.S.) +91 8087085354 (India) +44 203 695 0070 (U.K.)