Network Management System (NMS) Market to grow at a CAGR of 9.68% from 2022 to 2027; Increasing demand for efficient network management to drive market growth - Technavio
NEW YORK, June 26, 2023 /PRNewswire/ -- The network management system (NMS) market size is estimated to grow by USD 5,454.03 million from 2022 to 2027. The growth momentum will progress at a CAGR of 9.68% during the forecast period. North America is estimated to account for 37% of the global market growth. For more insights on the historic data (2017 to 2021) and forecast market size (2023 to 2027) - Request a sample report
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Network Management System (NMS) Market - Segmentation Assessment Segment Overview This network management system (NMS) market report extensively covers market segmentation by deployment (on-premises and cloud), end-user (large enterprises and SMEs), and geography (North America, APAC, Europe, South America, and Middle East and Africa).
The market share growth by the on-premises segment will be significant for overall market growth during the forecast period. Despite the decline in the demand for on-premise NMS, some companies still prefer to manage their networks on-premises. This is due to various reasons such as security concerns, compliance requirements, and control over their network. Hence, such factors drive the segment growth during the forecast period.
Geography Overview By geography, the global network management system (NMS) market is segmented into North America, APAC, Europe, South America, and Middle East and Africa. The report provides actionable insights and estimates the contribution of all regions to the growth of the global network management system (NMS) market.
North America is estimated to account for 37% of the growth of the global market during the forecast period. The regional growth can be attributed to the widespread deployment of management systems among organizations. Furthermore, the increasing adoption of cloud computing and the growing number of IoT devices have resulted in a significant rise in the volume of network traffic. Moreover, Cisco Systems Inc and International Business Machines Corp, are major players in the network management system market. Additionally, organizations in the region invest heavily in digital technologies to improve business operations and deliver better customer experiences. Hence, such factors drive the regional market growth during the forecast period.
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One of the key factors that drive the growth in the network management system market is theincreasing demand for efficient network management.
Organizations have grown their dependence on their networks for various operations, such as collecting data from connected network devices like switches, routers, access points, and client devices.
Additionally, the increased number of connected devices and the growing complexity of networks have compelled organizations to invest in robust network management solutions to ensure that their systems are secure, reliable, and high performing.
Hence, such factors boost market growth during the forecast period.
Leading trends influencing the market
The growing adoption of cloud-based NMS is an emerging trend that is expected to have a positive impact during the forecast period.
Cloud-based NMS solutions offer several advantages over traditional on-premise solutions being cost-effective, providing greater stability, and being easy to deploy.
These solutions ensure that the services are accessible and reliable while minimizing the risk of security breaches or data loss.
Also, cloud-based NMS allows organizations to easily scale up or down depending on their needs without worrying about hardware limitations.
Hence, such trends drive market growth during the forecast period.
Major challenges hindering the market growth
The rising complexity of modern networks will be a major challenge hindering the network management system market during the forecast period.
Modern networks generate significantly large data, including network traffic, device configurations, and performance metrics.
Due to networks growing larger, more diverse, and more distributed, it has become very difficult to manage and monitor, which has created the need for more advanced NMS solutions to provide greater network visibility and control.
NMS is required to process and analyze this data to identify issues and ensure optimal network performance.
Hence, the increasing complexity of modern networks will restrict the growth of the network management system market during the forecast period.
Insights on Market Drivers, trends, & Challenges, historic period(2017 to 2021), and forecast period(2023 to 2027)- Request a sample report!
What are the key data covered in this Network Management System (NMS) Market report?
CAGR of the market during the forecast period
Detailed information on factors that will drive the growth of the Network Management System (NMS) market between 2023 and 2027
Precise estimation of the size of the Network Management System (NMS) Market and its contribution to the market with a focus on the parent market
Accurate predictions about upcoming trends and changes in consumer behavior
Growth of the Network Management System (NMS) market across North America, APAC, Europe, South America, and Middle East and Africa
A thorough analysis of the market's competitive landscape and detailed information about vendors
Comprehensive analysis of factors that will challenge the growth of Network Management System (NMS) market vendors
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Network Management System (NMS) Market Scope
Report Coverage
Details
Base year
2022
Historic period
2017-2021
Forecast period
2023-2027
Growth momentum & CAGR
Accelerate at a CAGR of 9.68%
Market growth 2023-2027
USD 5,454.03 million
Market structure
Fragmented
YoY growth 2022-2023 (%)
8.99
Regional analysis
North America, APAC, Europe, South America, and Middle East and Africa
Performing market contribution
North America at 37%
Key countries
US, China, India, UK, and Germany
Competitive landscape
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks
Key companies profiled
BMC Software Inc., Broadcom Inc., Cisco Systems Inc., Colasoft, Dell Technologies Inc., General Electric Co., Hewlett Packard Enterprise Co., Huawei Technologies Co. Ltd., International Business Machines Corp., Juniper Networks Inc., Kentik Inc., LiveAction, NetScout Systems Inc., Nokia Corp., Oracle Corp., Riverbed Technology Inc., SolarWinds Corp., Telefonaktiebolaget LM Ericsson, Viavi Solutions Inc., and Zoho Corp. Pvt. Ltd.
Market dynamics
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period.
Customization purview
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
Table of Contents
1 Executive Summary
1.1 Market overview
Exhibit 01: Executive Summary ? Chart on Market Overview
Exhibit 02: Executive Summary ? Data Table on Market Overview
Exhibit 03: Executive Summary ? Chart on Global Market Characteristics
Exhibit 04: Executive Summary ? Chart on Market by Geography
Exhibit 05: Executive Summary ? Chart on Market Segmentation by Deployment
Exhibit 06: Executive Summary ? Chart on Market Segmentation by End-user
Exhibit 07: Executive Summary ? Chart on Incremental Growth
Exhibit 08: Executive Summary ? Data Table on Incremental Growth
Exhibit 09: Executive Summary ? Chart on Vendor Market Positioning
2 Market Landscape
2.1 Market ecosystem
Exhibit 10: Parent market
Exhibit 11: Market Characteristics
3 Market Sizing
3.1 Market definition
Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 13: Market segments
3.3 Market size 2022
3.4 Market outlook: Forecast for 2022-2027
Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)
4 Historic Market Size
4.1 Global network management system (NMS) market 2017 - 2021
Exhibit 18: Historic Market Size ? Data Table on global network management system (nms) market 2017 - 2021 ($ million)
Exhibit 143: International Business Machines Corp. - Overview
Exhibit 144: International Business Machines Corp. - Business segments
Exhibit 145: International Business Machines Corp. - Key news
Exhibit 146: International Business Machines Corp. - Key offerings
Exhibit 147: International Business Machines Corp. - Segment focus
12.11 Juniper Networks Inc.
Exhibit 148: Juniper Networks Inc. - Overview
Exhibit 149: Juniper Networks Inc. - Product / Service
Exhibit 150: Juniper Networks Inc. - Key offerings
12.12 Kentik Inc.
Exhibit 151: Kentik Inc. - Overview
Exhibit 152: Kentik Inc. - Product / Service
Exhibit 153: Kentik Inc. - Key offerings
12.13 LiveAction
Exhibit 154: LiveAction - Overview
Exhibit 155: LiveAction - Product / Service
Exhibit 156: LiveAction - Key offerings
12.14 Nokia Corp.
Exhibit 157: Nokia Corp. - Overview
Exhibit 158: Nokia Corp. - Business segments
Exhibit 159: Nokia Corp. - Key offerings
Exhibit 160: Nokia Corp. - Segment focus
12.15 Oracle Corp.
Exhibit 161: Oracle Corp. - Overview
Exhibit 162: Oracle Corp. - Business segments
Exhibit 163: Oracle Corp. - Key news
Exhibit 164: Oracle Corp. - Key offerings
Exhibit 165: Oracle Corp. - Segment focus
12.16 Telefonaktiebolaget LM Ericsson
Exhibit 166: Telefonaktiebolaget LM Ericsson - Overview
Exhibit 167: Telefonaktiebolaget LM Ericsson - Business segments
Exhibit 168: Telefonaktiebolaget LM Ericsson - Key news
Exhibit 169: Telefonaktiebolaget LM Ericsson - Key offerings
Exhibit 170: Telefonaktiebolaget LM Ericsson - Segment focus
12.17 Viavi Solutions Inc.
Exhibit 171: Viavi Solutions Inc. - Overview
Exhibit 172: Viavi Solutions Inc. - Business segments
Exhibit 173: Viavi Solutions Inc. - Key offerings
Exhibit 174: Viavi Solutions Inc. - Segment focus
13 Appendix
13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 175: Inclusions checklist
Exhibit 176: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 177: Currency conversion rates for US$
13.4 Research methodology
Exhibit 178: Research methodology
Exhibit 179: Validation techniques employed for market sizing
Exhibit 180: Information sources
13.5 List of abbreviations
Exhibit 181: List of abbreviations
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