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Network Management System Market Driving Factors, Industry Growth, Key Vendors

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.

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Network Management System Market Driving Factors, Industry Growth, Key Vendors

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  1. Network Management System Market Predicted to grow $14.6 billion by 2027, Trends and Forecast Report by MnM The global Network Management System Market size is expected to grow at a Compound Annual Growth Rate (CAGR) of 9.4% during the forecast period, to reach USD 14.6 billion by 2027 from USD 9.3 billion in 2022, according to report published by MarketsandMarkets. Growing demands for of digital transformation across verticals and the increasing adoption of advanced technologies, such as IoT, mobility, and cloud. China, Japan, Australia, and India are the key contributors in terms of the adoption of NMS tools in their network infrastructure. The adoption of virtualization and SDN technology is currently in its nascent phase and is projected to grow exponentially during the forecast period. Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1041 As per verticals, the government segment to grow at highest CAGR during the forecast period The network management system market is segmented on verticals into BFSI, IT & telecom, government, manufacturing, healthcare, retail, transportation & logistics, and others (education and hospitality). As per verticals, the government vertical is expected to grow at the highest CAGR during the forecast period. This vertical is one of the major revenue contributors to the NMS market and is expected to be a promising vertical in the future as well. Since businesses are changing, the network infrastructure continues to be a significant backbone, linking users to the necessary IT resources and enabling immediate distribution of information. The change in the government network infrastructure is driving the growth of the NMS market. On-premises Segment to grow at the highest CAGR during the forecast period As per deployment mode, On-premises Segemnt to grow at the highest CAGR for the network management system market during the forecast period. The network management system market by deployment mode is segmented into cloud and on-premises. The on-premises solutions are seen to be in greater demand, due to their wide range of functionalities, such as high-end security, easy deployment, and complete access to network solutions. With advancements in technology, enterprises and service providers are seen to prefer cloud-based network management solutions, as they offer various benefits, such as a pay-per-use model, flexibility, speed inaccessibility, and low installation and maintenance costs. Request a Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=1041 Market Players Some of the major network management system market vendors are Cisco (US), IBM (US), Broadcom CA Technologies (US), Micro Focus (UK), Juniper Networks (US), Nokia (Finland), Ericsson (Sweden), ManageEngine, a Division of Zoho Corporation (US), Huawei (China), LiveAction (US), NETSCOUT (US), Progress (Ipswitch) (US), Paessler (Germany), Cubro Network Visibility (Austria), Kentik (US), VIAVI Solutions (US), Kaseya (US), Extreme Networks (US), eG Innovations (US), Colasoft (China), SolarWinds (US), ExtraHop Networks (US), Riverbed (US), Accedian (Canada), BMC Software (US), HelpSystems (US), and AppNeta (US). About MarketsandMarkets™ MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

  2. The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing. Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are moulded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry. To find out more, visit MarketsandMarkets™ or follow us on Twitter, LinkedIn and Facebook. Contact: Mr. Aashish Mehra MarketsandMarkets™ INC 630 Dundee Road Suite 430 Northbrook, IL 60062 USA: +1-888-600-6441 Email: sales@marketsandmarkets.com

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