Insights on the Network Management System Global Market to 2030 - Increasing Demand for Better Network Performance and Stability is Driving Growth - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--Nov 21, 2022--

The "Network Management System Market Size, Share, Trends, By Component Type, By Deployment Type, By Organization Size, By End-use, and By Region Forecast to 2030" report has been added to ResearchAndMarkets.com's offering.

The global Network Management System market is forecast to reach USD 19.97 Billion by 2030, according to a new report.

Companies Mentioned

• Nokia Corporation
• IBM Corporation
• Oracle Corporation
• Telefonaktiebolaget LM Ericsson
• Riverbed Technologies Inc.
• Cisco Systems Inc.
• CA Technologies Inc.
• SolarWinds Inc.
• NETSCOUT Systems Inc.
• Juniper Networks Inc.
• BMC Software Inc.
• Extreme Networks Inc.

The growth of the market is attributed to the increasing demand for better network performance and stability. The rising adoption of cloud-based NMS solutions is also driving the growth of the market.

A Network Management System (NMS) is a platform used by network administrators to monitor and control network devices such as routers, switches, and firewalls. It helps in managing the performance and availability of network resources. NMS also provides features such as configuration management, fault management, and performance management.

There are various advantages associated with the system which helps in managing the network in an efficient manner. The system is capable of reducing cost and time by optimizing the use of resources.

In addition, it also facilitates easy administration of the network by enabling real-time monitoring. Another advantage of NMS is that it can be used to troubleshoot the network in case of any problems.

However, there are certain disadvantages associated with the system as well. One of the main disadvantages is that NMS requires skilled personnel for its operation. In addition, it also needs regular updates and maintenance in order to function properly.

Further key findings from the report suggest

• In terms of component, the solution segment is expected to hold the largest market size in 2019. The high growth of this segment is attributed to the increased need for efficient network management solutions among enterprises to manage and monitor their complex network infrastructure.
• On the basis of network type, the network management system market is segmented into wired and wireless. The wired network segment is expected to hold the largest market size in 2019. Wired networks are more reliable than wireless networks as they are not prone to interference from other wireless networks. Moreover, wired networks offer high data security as compared to wireless networks.
• The network management system market by organization size has been segmented into small and medium-sized enterprises (SMEs) and large enterprises. The large enterprises segment is expected to hold the largest market size in 2019. Large enterprises have a complex network infrastructure as compared to SMEs. They use network management solutions to manage and monitor their network infrastructure effectively.
• The network management system market by industry vertical has been segmented into BFSI, healthcare, IT and telecom, retail, energy and utilities, government and defense, manufacturing, and others (education, media and entertainment, and construction). The healthcare segment is expected to grow at the highest CAGR during the forecast period. Healthcare organizations are adopting network management solutions to manage their critical data and applications effectively.
• The network management system market has been studied for North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and Latin America. North America is expected to hold the largest market size in 2019, owing to the early adoption of network management solutions by enterprises in this region.
• The Asia Pacific region is expected to grow at the highest CAGR during the forecast period. The growth of the market in this region is attributed to the increasing adoption of cloud-based NMS solutions and the rising demand for better network performance and stability.

For the purpose of this report, the author have segmented the Global Network Management System market based on Component, Organization Size, Deployment Type, End-user, and region:

Component Type Outlook (Revenue, USD Billion; 2019-2030)

• Platform
• Solutions
• Services

Deployment Type Outlook (Revenue, USD Billion; 2019-2030)

• On-Premises
• Cloud

Organization Size Outlook (Revenue, USD Billion; 2019-2030)

• Large Enterprises
• Small and Medium Enterprises (SMEs)

End-use Outlook (Revenue, USD Billion; 2019-2030)

• Banking, Financial Services, and Insurance (BFSI)
• Information Technology (IT) and Telecom
• Healthcare
• Media & Communication
• Retail
• Others

Regional Outlook (Revenue, USD Billion; 2019-2030)

• North America
• U.S.
• Canada
• Mexico
• Europe
• Germany
• U.K.
• France
• Italy
• Spain
• Sweden
• BENELUX
• Rest of Europe
• Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of APAC
• Latin America
• Brazil
• Rest of LATAM
• Middle East & Africa
• Saudi Arabia
• UAE
• South Africa
• Israel
• Rest of MEA

For more information about this report visit https://www.researchandmarkets.com/r/3qzpuo

View source version on businesswire.com:https://www.businesswire.com/news/home/20221121005375/en/

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