Global Network Management System Market Size is estimated to expand rapidly in coming years, at a CAGR of 10.5 % from 2019 to 2027. In 2017, the global market valuation was USD 7.5 billion, and it is anticipated to be greater than USD xx.xx billion by 2027. The need for more comprehensive network safety and service quality (QoS) visibility and growing network infrastructure are key factors that should fuel NMS market growth. The international traffic and network protocol for NMS (IP) and the Internet of Things (Internet of Things) will grow rapidly over the next five years, giving NMS suppliers huge opportunities for the marketplace.
For a range of tasks, including configuration management, performance monitoring, safety management, defect identification and accounting management, NMS tools can be useful. It can potentially improve efficiency by incorporating constructive controls, thereby allowing businesses to reduce their overall ownership costs and adapt to diverse business needs.
In the current competitive climate, communication networks can play an important role in the initiatives of entrepreneurial development by promoting, among other benefits, digital customer interaction. As such, the major players on the market are offering advanced network management systems that help businesses maximize network capacity in real time, reduce total revenue losses and improve employee productivity.
Another primary stimulant of growth on the market is the increased demand for NMS solutions tailored to the increasing need of incumbents of various industries and sectors together with the ongoing automation of network management software.
This global market study report analysis offers in-depth insights, revenue details, and other vital information regarding the global network management system market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global network management system market report has been segmented on the basis of type, application, and region. It includes the estimation of the market size, in terms of value, with respect to 4 main geographies, namely, North America, Europe, APAC, and RoW.
By Component Insights: On the basis of component, global network management system market has been segmented into platform, solutions, and services. In the forecasting period, it is projected that the service segment will rise at the highest CAGR. This growth is mainly due to the large adoption of NMS solutions across companies and service providers, which generate demand for consulting; integration and implementation services; and worldwide training, support, and maintenance services.
By End User Insights: On the basis of end user, global network management system market has been segmented into verticals and service providers. In the end-user NMS market, the highest CAGR is expected in the forecast period for service providers. Telecom and cloud service providers are increasingly using NMS tools to monitor, evaluate and automate the network entire infrastructure. There is a growing trend. Advanced NMS tools can provide improved network management and Network Management capabilities as well as malware and DDoS attack protection. The demand for NMS solutions among service providers is expected to drive these critical factors.
The network management system market is divided into regions that are North America - U.S, Canada, Other; Asia-Pacific -India, Japan, China, Australia, Other; Europe - UK, Russia, France, Brazil, Other; Middle East and Africa. Every region analysis details in sense of growth, revenue, volume, challenges, and opportunities with the regional and global key players. North America was the market leader in 2018 in terms of sales. Across North America, 5 G Technology has been quickly deployed, massive investment in new data centers and an increasing rate of broadband penetration has occurred. The significant increase in US spending on health care IT can also be explained by North America's significant share on the global market.
Global Network Management System Market Size, Share Analysis by Region 2019-2027
Asia Pacific, on the other hand, has seen rapid growth in long-term network deployment (LTE). Meanwhile, in line with rapid urbanization and subsequent Internet expansion many governments in the region have taken steps to encourage digitalization. In addition, some APAC countries, such as India, China and Japan, are ready to launch5G. The design of this type of system is expected to provide the way for the rapid implementation of network management systems throughout the country.
As large projects are ongoing in countries like China, India, Australia, and Indonesia in Asia Pacific, the region has potential to bypass any competition. This is also because of the great amount of reserves that the region has. Exploration activities in China are increasing which is why China may have great demand for tin catalysts and compounds. According to the National Bureau of Statistics, network management system market will increase the regional demand during the forecast period.
Global Network Management System Market Study Objective
To forecast the market size of network management system market, along with describing and defining the market, in terms of volume and revenue as well as market opportunities for stakeholders, in order to provide a competitive landscape for global market players.
Market analysis and forecast of network management system market on the basis of region, substrate, and application or end-use industry. To profile major market players, and to analyze their market shares and essential competencies comprehensively.
To analyze and elaborate significant factors that will have a major impact on the growth of network management system market, such as drivers, restraints, challenges, and opportunities.
The regional analysis of network management system market, to induce market size of five global major regions, which include, Europe, North America, South America, Middle East & Africa, and the Asia Pacific.
Strategic analysis of micro markets, in terms of individual prospects, opportunities, growth trends and their involvement in the overall market.
To provide detailed analysis of competitive and strategic developments in the network management system market like a new product launch, partnership & agreement, investment & expansion, and company merger & acquisitions.
Key Players Landscape
Cisco, IBM, Huawei, Juniper Networks, Nokia, SolarWinds, CA Technologies, NETSCOUT, Riverbed Technology, Micro Focus, Ipswitch, BMC Software, ExtraHop Networks, Colasoft, Flowmon Networks, ManageEngine, LiveAction, Paessler AG, SevOne, Cubro Network Visibility, Kentik, VIAVI Solutions, Accedian, Kaseya, HelpSystems, Extreme Networks, AppNeta, Ericsson, eG Innovations, and Opmantek are some of the key players in the market of network management system.
Global Network Management System Market Study Report Offer You!
The global network management system market study report gives an idea about market size, share, stock, equity, investment and total price analysis. Also, the report provides comprehensively industry insights with all major factors such as market credit, allocation, demand, distribution, market scope, key players, end user & applications, provisions, livestock, commodities and industry economics analysis, future growth & forecast. The global market report includes all depth data like pre-market emphasis, market survey, market investment, industry advice, portfolio, finance, access, trade, market exploration, industry review and market predication & projection to develop effective strategies for optimizing their market position.
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