Network Management System (NMS) Market Leading Players And Forecast Till 2024

1. Downloaded from: justpaste.it/2xfoy Network Management System (NMS) Market Leading Players And Forecast Till 2024 Network Management System (NMS) Market According to a research report “Network Management System (NMS) Market by Component (Platform, Solutions, and Services), Deployment Type (Cloud and On- premises), End-Users (Verticals and Service Providers), Organization Size, and Region — Global Forecast to 2024 “, published by MarketsandMarkets, the global NMS market size is expected to grow from USD 7.0 billion in 2019 to USD 11.0 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 9.5% during the forecast period. The primary factor expected to drive the growth of the NMS market is the increasing need for in-depth visibility into network security and Quality of Service (QoS), and growing network infrastructure. Exponential growth in the global Internet Protocol (IP) traffic and cloud traffic, and prominence of the Internet of Things (IoT) are expected to offer vast market opportunities for NMS vendors in the next 5 years. Network performance and monitoring segment to record the highest growth rate during the forecast period Under the solution segment, network performance and monitoring segment is expected to grow at the highest growth rate during the forecast period. Organizations of any size, such as SMEs and large enterprises, are investing heavily in network performance and monitoring solutions to ensure zero network outage and streamline network operations. Network performance and monitoring solutions offer a range of features, such as network performance, network traffic monitoring, bandwidth monitoring, network troubleshooting, health monitoring, network discovery, network mapping, network capacity planning, fault management, Class- Based Quality of Service (CBQoS), Network-Based Application Recognition (NBAR), NBRA2, alarms, real-time monitoring, traffic shaping, flow analysis, network visualization, intelligent alerting, in-depth network performance, and intelligent mapping. Service providers to record the highest CAGR during the forecast period In the NMS market by end-user, service providers are expected to register the highest CAGR during the forecast period. There is an increasing trend of the adoption of NMS solutions by telecom and cloud service providers to manage, analyze, and optimize the entire network infrastructure. The advanced NMS solutions can support better network capacity planning and network management features, as well as provide security against malware and DDoS

2. attacks. Such critical factors are expected to drive the demand for NMS solutions among service providers. North America to hold the largest market size during the forecast period North America is expected to hold the largest market size in the global NMS market during the forecast period. The US has emerged as the largest country for the market in terms of market size, due to the heavy adoption of advanced technologies, such as cloud, analytics, and IoT, across the US organizations. Moreover, the US is one of the most developed countries in the world in terms of technology adoption, which is known for its innovative and disruptive startups. Key and emerging market players include Cisco (US), IBM (US), Huawei (China), Juniper Networks (US), Nokia (Finland), SolarWinds(US), CA Technologies (Broadcom) (US), NETSCOUT (US), Riverbed Technology (US), Micro Focus (UK), Ipswitch (Progress) (US), BMC Software (US), ExtraHop Networks (US), Colasoft (China), Flowmon Networks (Czech Republic), ManageEngine (US), LiveAction (US), Paessler AG (Germany), SevOne (US), Cubro Network Visibility (Austria), Kentik (US), VIAVI Solutions (US), Accedian (Canada), Kaseya (US), HelpSystems (US), Extreme Networks (US), AppNeta (US), Ericsson (Sweden), eG Innovations (US), and Opmantek (Australia). Nokia (Finland) and SolarWinds (US) are leading players in Network Management System (NMS) Market SolarWinds (US) caters to a wide customer base in the regions of the Americas, EMEA, and the Asia Pacific. The company is a leading provider of powerful and affordable IT infrastructure management software. Its product portfolio comprises network management, system management, database management, IT security, cloud monitoring, and IT help desk. SolarWinds offers its IT infrastructure management software to over 250,000 customers, globally. Its customers range from large enterprises to SMEs, managed service providers, educational institutes, and government agencies. In 2018, the company’s total R&D spending accounted for USD 0.1 billion. This spending on R&D has inevitably helped SolarWinds remain a distinguished player in the NMS market. The company focuses on adopting inorganic growth strategies. For instance, SolarWinds acquired Loggly, Inc., a provider of cloud-based log monitoring and log analytics software, to deepen its cloud-software engineering and analytics expertise. Nokia (Finland) is one of the biggest players focusing on the emerging concept of network management and network analytics The company operates in more than 130 countries across Europe, MEA, APAC, North America, Greater China, and Latin America. Nokia offers best-in- class tools for network assurance, troubleshooting, system administration, software management, and application delivery and configuration management. The company helps enterprises evolve their network management strategy to address technology evolution, constant network growth, and changing service demands. Its network management portfolio enables organizations to use the power of virtualization, automation, and analytics to manage

3. any traditional or cloud-based network efficiently. The company focuses more on product launches and developments, which would enable it to expand its product portfolios of NMS. For instance, in 2019, the company has made a substantial contribution to its R&D activities by investing approximately USD 5.5 billion. About MarketsandMarkets™ MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model — GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve. MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. Contact: Mr. Aashish Mehra MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1–888–600–6441 sales@marketsandmarkets.com