Network Management System Market, Opportunity, Growth Drivers, Industry Trend Analysis and Forecast, 2024-2032

Description

The Global Network Management System Market, valued at USD 9.1 billion in 2023, is set to grow at a CAGR of over 9.4% from 2024 to 2032. As enterprises prioritize remote network management, the industry stands on the brink of significant expansion. The surge in remote work, coupled with the complexities of managing networks spread, has amplified the demand for Network Management System (NMS) solutions, especially those boasting robust remote capabilities.

As businesses evolve and adapt to the digital age, the demand for efficient network management systems has surged. Factors such as the exponential growth of data traffic, the widespread adoption of cloud technologies, and the integration of IoT devices have made network management more critical than ever. Furthermore, the increasing sophistication of cyber threats and the need for real-time analytics and insights are pushing organizations to invest in advanced NMS solutions. These systems not only ensure optimal network performance but also bolster security and reliability, making them indispensable for modern enterprises.

The overall Network Management System Market is sorted based on Component, Deployment, Organization Size, end use r Industry, and Region.

The solutions component segment is likely to USD 14.4 billion by 2032, primarily due to the escalating complexity of modern networks. As organizations grapple with challenges like rising data traffic and the integration of cloud and IoT technologies, there's a pressing need for advanced tools. These tools, integral to the solutions segment, offer features like fault management, network automation, and performance monitoring. Such capabilities empower organizations with real-time insights and analytics, facilitating proactive management and swift resolution of network issues.

The on-premises deployment mode segment held around 63% market share in 2023. Organizations, especially in sectors like healthcare and finance, prioritize data control and security. This emphasis drives their preference for on-premises NMS solutions, ensuring sensitive data remains within secure networks. Such a focus not only bolsters the on-premises segment but also underscores the broader industry's commitment to stringent regulatory standards and data protection.

North America network management system market accounted for 37% share in 2023 and will be worth over USD 7.4 billion by 2032, buoyed by the robust IT infrastructure, combined with a proliferation of connected devices, underscores the growing need for efficient network management. As enterprises and data centers flourish in North America, the demand for NMS solutions intensifies, driven by the need for seamless connectivity and optimized resource utilization. Moreover, the region's increasing reliance on cloud-based services and the ever-present cybersecurity threats further amplify the demand for NMS solutions.

Product Code: 2981

Chapter 1 Methodology and Scope

1.1 Research design
- 1.1.1 Research approach
- 1.1.2 Data collection methods
1.2 Base estimates and calculations
- 1.2.1 Base year calculation
- 1.2.2 Key trends for market estimates
1.3 Forecast model
1.4 Primary research and validation
- 1.4.1 Primary sources
- 1.4.2 Data mining sources
1.5 Market definitions

Chapter 2 Executive Summary

2.1 Industry 360° synopsis, 2021 - 2032

Chapter 3 Industry Insights

3.1 Industry ecosystem analysis
3.2 Supplier landscape
- 3.2.1 Technology providers
- 3.2.2 Software developers
- 3.2.3 System integrators
- 3.2.4 Managed service providers
- 3.2.5 End users
3.3 Profit margin analysis
3.4 Technology and innovation landscape
3.5 Patent analysis
3.6 Key news and initiatives
3.7 Regulatory landscape
3.8 Impact forces
- 3.8.1 Growth drivers
  - 3.8.1.1 Rising demand for streamlining wide networks among enterprises
  - 3.8.1.2 Reduced costs, increased efficiency, and reduced downtime offered by the network management systems Diminishing costs due to advancing technology
  - 3.8.1.3 Advancements in network technology
  - 3.8.1.4 Cloud-based NMS adoption
- 3.8.2 Industry pitfalls and challenges
  - 3.8.2.1 Lack of skilled workforce to operate the software
  - 3.8.2.2 High implementation costs
3.9 Growth potential analysis
3.10 Porter's analysis
3.11 PESTEL analysis

Chapter 4 Competitive Landscape, 2023

4.1 Introduction
4.2 Company market share analysis
4.3 Competitive positioning matrix
4.4 Strategic outlook matrix

Chapter 5 Market Estimates and Forecast, By Component, 2021 - 2032 ($Bn)

5.1 Key trends
5.2 Solutions
- 5.2.1 Configuration management
- 5.2.2 Performance management
- 5.2.3 Security management
- 5.2.4 Fault management
- 5.2.5 Accounting management
5.3 Services
- 5.3.1 Consulting
- 5.3.2 Implementation
- 5.3.3 Support and maintenance

Chapter 6 Market Estimates and Forecast, By Deployment, 2021 - 2032 ($Bn)

6.1 Key trends
6.2 On-premises
6.3 Cloud

Chapter 7 Market Estimates and Forecast, By Organization Size, 2021 - 2032 ($Bn)

7.1 Key trends
7.2 Large enterprises
7.3 SME

Chapter 8 Market Estimates and Forecast, By End-User Industry, 2021 - 2032 ($Bn)

8.1 Key trends
8.2 IT and telecom
8.3 BFSI
8.4 Government
8.5 Manufacturing
8.6 Healthcare
8.7 Transportation and logistics
8.8 Retail
8.9 Others

Chapter 9 Market Estimates and Forecast, By Region, 2021 - 2032 ($Bn)

9.1 Key trends
9.2 North America
- 9.2.1 U.S.
- 9.2.2 Canada
9.3 Europe
- 9.3.1 UK
- 9.3.2 Germany
- 9.3.3 France
- 9.3.4 Spain
- 9.3.5 Italy
- 9.3.6 Russia
- 9.3.7 Nordics
- 9.3.8 Rest of Europe
9.4 Asia Pacific
- 9.4.1 China
- 9.4.2 India
- 9.4.3 Japan
- 9.4.4 South Korea
- 9.4.5 ANZ
- 9.4.6 Southeast Asia
- 9.4.7 Rest of Asia Pacific
9.5 Latin America
- 9.5.1 Brazil
- 9.5.2 Mexico
- 9.5.3 Argentina
- 9.5.4 Rest of Latin America
9.6 MEA
- 9.6.1 UAE
- 9.6.2 South Africa
- 9.6.3 Saudi Arabia
- 9.6.4 Rest of MEA

Chapter 10 Company Profiles

10.1 Arista Networks, Inc.
10.2 BMC Software
10.3 Broadcom Inc.
10.4 Check Point Software Technologies Ltd.
10.5 Cisco Systems
10.6 Extreme Networks, Inc.
10.7 Hewlett Packard Enterprise (HPE)
10.8 Huawei Technologies
10.9 IBM
10.10 Infosim GmbH and Co. KG
10.11 Juniper Networks
10.12 ManageEngine
10.13 Micro Focus
10.14 NETSCOUT Systems
10.15 Nokia Corporation
10.16 Paessler AG
10.17 Riverbed Technology
10.18 SolarWinds
10.19 Splunk Inc.
10.20 VMware, Inc.