The Global Network Management Systems Market Size was valued at USD 9.2 Billion in 2021 and is set to garner a market size of USD 21.1 Billion by 2030 growing at a CAGR of 9.7% from 2022 to 2030.
Network management systems are systems applications that manage, monitor, and control the numerous modules of a computer network. These systems typically include tools and software that are used to identify and resolve network problems, as well as to monitor the networks and its various components' performance. Small local area networks (LANs) to large enterprise-wide networks can all be managed by network management systems. They are also capable of managing both wired and wireless networks. Network management systems typically perform a variety of functions, such as monitoring network device and service availability and performance, configuring and modifying network devices and services, and generating network performance and usage reports.
Network Management Systems Market Report Statistics
Global Network Management Systems (NMS) Market Dynamics
Network Management Systems Market Report Coverage
|Market||Network Management Systems Market|
|Network Management Systems Market Size 2021||USD 9.2 Billion|
|Network Management Systems Market Forecast 2030||USD 21.1 Billion|
|Network Management Systems Market CAGR During 2022 - 2030||9.7%|
|Network Management Systems Market Analysis Period||2018 - 2030|
|Network Management Systems Market Base Year||2021|
|Network Management Systems Market Forecast Data||2022 - 2030|
|Segments Covered||By Component, By Deployment, By Enterprise, By Industry Vertical, And By Geography
|Regional Scope||North America, Europe, Asia Pacific, Latin America, and Middle East & Africa|
|Key Companies Profiled||BMC Solutions, Inc., Broadcom, Inc. (CA Technology), Colasoft, Inc., Cisco Systems, Inc., HPE, Huawei Technologies Co. Ltd., IBM Corporation, Juniper Networks, Inc., Paessler AG, Nokia Corporation, NetScout Systems, Inc., Oracle Corporation, Riverbed Technologies, Inc., SolarWinds Inc., and VIAVI Solutions, Inc.
||Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis|
Network Management Systems Market Growth Factors
The growing complexity of networks is a major driver of the global network management systems market. As networks become more complex, with a greater number of devices and services, the demand for effective network management systems grows. Cloud computing's growing popularity is also a key factor that is driving the network management system (NMS) market. The growing popularity of cloud computing and other internet-based services necessitates the development of robust network management systems capable of supporting these services. The NMS market is also being fueled by increased reliance on networks. The importance of effective network management systems grows as organizations rely more on networks for communication, collaboration, and business operations.
However, network management systems can be costly to implement and maintain, which may impede some businesses. Furthermore, a lack of skilled personnel may prevent the market from expanding. Many organizations may have difficulty finding and retaining personnel with the necessary skills and expertise to manage and maintain network management systems.
The need for improved network security is a critical factor that will create numerous growth opportunities for the market in the coming years. The growing prevalence of cyber threats has increased the demand for network management systems that can assist in protecting networks from these threats. Furthermore, the rising demand for mobile and remote access is expected to gain significant traction between 2022 and 2030. The growing demand for mobile and remote network resource access is driving up the demand for network management systems that can meet these demands.
Network Management Systems (NMS) Market Segmentation
The worldwide network management systems market is categorized based on component, deployment, enterprise, industry vertical, and geography.
Network Management Systems Market By Component
According to an industry analysis of network management systems, the solutions sub-segment will have a significant market share in 2021. The segment's rapid growth can be attributed to the increasing use of NMS solutions to maintain and monitor communication infrastructure. The services segment is expected to have the highest share in the coming years, owing to the numerous benefits offered by services such as faster solution implementation, maximizing the value of existing installations by optimizing them, and minimizing deployment costs and risks, among other things.
Network Management Systems Market By Deployment
Based on the deployment sub-segment, the market on-premises captured the greatest share in 2021 and is expected to continue to do so in the coming years. On-premises network management systems are those that are installed and run directly on the network infrastructure of a company. This means that the organization is in charge of managing and maintaining all of the system's hardware and software. Some of the advantages of on-premise network management systems include increased control, improved performance, enhanced security, and lower costs.
Network Management Systems Market By Enterprise
In 2021, large enterprises sub-segment achieved maximum market share and is likely to do so in the coming years. Large enterprises typically have very complex and expansive networks, which can be difficult to manage and maintain. Network management systems that are specifically designed for large enterprises can help to address these challenges by providing a range of advanced features and capabilities. Some key features that may be included in network management systems for large enterprises include scalability, customization, automation, integration, and others.
Network Management Systems Market By Industry Vertical
As per our network management systems market forecast, the IT & telecom sub-segment will account for the majority of the share from 2022 to 2030. IT and telecommunications companies are among the most widespread adopters of NMS solutions, which use low-cost ML and AI techniques to avoid network disruptions. As a result of modernization and the deployment of more connected devices, network disruptions have become more common. On the other hand, the healthcare sector is increasingly relying on machine-to-machine connectivity to gain patient information in real time that is both effective and accurate.
Network Management Systems Market Regional Outlook
The Middle East & Africa
Network Management Systems Market Regional Analysis
According to our regional network management systems market analysis, North America will have the most revenue in 2021. North America is a mature market for network management systems, with many established vendors and a high level of organization adoption. Europe is also a mature market for network management systems, with both the public and private sectors showing strong interest. Meanwhile, the Asia-Pacific region is expected to be a key driver of growth in the network management systems market with a large and quickly growing population of internet users and a high level of adoption of new technologies.
Network Management Systems Market Players
Some of the leading network management systems companies include BMC Solutions, Inc., Broadcom, Inc. (CA Technology), Colasoft, Inc., Cisco Systems, Inc., HPE, Huawei Technologies Co. Ltd., IBM Corporation, Juniper Networks, Inc., Paessler AG, Nokia Corporation, NetScout Systems, Inc., Oracle Corporation, Riverbed Technologies, Inc., SolarWinds Inc., and VIAVI Solutions, Inc.
The market size of network management systems was USD 9.2 Billion in 2021.
The CAGR of network management systems market is 9.7% during the analysis period of 2022 to 2030.
The key players operating in the global network management systems market are BMC Solutions, Inc., Broadcom, Inc. (CA Technology), Colasoft, Inc., Cisco Systems, Inc., HPE, Huawei Technologies Co. Ltd., IBM Corporation, Juniper Networks, Inc., Paessler AG, Nokia Corporation, NetScout Systems, Inc., Oracle Corporation, Riverbed Technologies, Inc., SolarWinds Inc., and VIAVI Solutions, Inc.
North America held the dominating position in network management systems market during the analysis period of 2022 to 2030.
Asia-Pacific region exhibited fastest growing CAGR for network management systems market during the analysis period of 2022 to 2030.
The current trends and dynamics in the network management systems industry include the growing complexity of networks, increasing reliance on networks, and rising need for improved security.
The solutions component held the maximum share of the network management systems market.