Network Management System market Overview:
The Network Management System market competitive landscape breaks out information by a rival. Corporate overview, financials, revenue produced, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application domination are all contained in the details. The data points presented above are only relevant to the firms' emphasis on the Network Management System market .
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Market Scope:
This Network Management System market report discusses new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansion For more information on the Network Management System market , please contact Maximize Market Research for an Analyst Brief; our experts will assist you in making an informed market choice to achieve market growth.
Market Dynamics: Growing internet penetration and government digitization strategies in both developed and developing nations are significant drivers of the global market's expansion. Increased government spending on IT infrastructure and an increase in internet users are two other reasons predicted to promote industry expansion.
Increased demand from the digital economy for network management systems to manage and control network functions in order to provide top-notch services is another factor anticipated to support the growth of the global market over the forecast period.
Segmentation:
by Component
Solutions
Services
by Deployment
Cloud
On-premises
by Enterprise Size
Large Enterprises
SMEs
by End-User
Vertical
Service Provider
by Component, The global market is divided into Solutions and Services based on the Component. In 2022, the Solutions segment had a market share of 73%, and during the forecast period, it is anticipated to grow at the highest CAGR of 8.24%. Some of the solutions provided by NMS include security management, troubleshooting, configuration management, performance management, and accounting management. Growing worries about data security and increased need for the deployment of the system for maintaining and monitoring communication infrastructure both contribute to the Solution segment's market share growth.
Through NMS, you can get assistance with integration and deployment, training, support and maintenance, and consultancy. While throughout the projected period, the Services segment is anticipated to grow at the fastest rate of 10.3%.
by Deployment, The global market is further divided into Cloud and On-premises based on Deployment. 72% of the market was accounted for by the on-premises segment in 2022. On-premise solutions may be able to reduce total turnaround time (TAT) as compared to third-party managed solutions while still offering support and maintenance services in the event of failure.
However, over the past few years, small and medium-sized organisations (SMEs) in particular have drastically increased their preference for software as a service (SaaS) delivery models and their adoption of cloud-based solutions. Numerous benefits of cloud-based systems include simplicity of use, reduced overall infrastructure costs, and quick solution implementation. The CAGR for the cloud-based industry is anticipated to be greater throughout the anticipated time frame.
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Key Players: The following are the key players of the Network Management System market -
1. Avaya Inc.
2. Alcatel-Lucent S.A.
3. IBM Corporation
4. Juniper Networks Inc.
5. Cisco Systems Inc.
6. Aruba Network Inc.
7. CA Technologies Inc.
8. Netscout System, Inc.
9. Solarwinds Worldwide
10. LLC
11. BMC Software, Inc.
12. Compuware Corporation
13. Huawei
14. Nokia
15. Riverbed Technology
16. Micro Focus
17. Ipswitch
18. ExtraHop Networks
19. Colasoft
20. Flowmon Networks
21. ManageEngine
22. LiveAction
23. Paessler AG
24. SevOne
25. Cubro Network Visibility
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Regional Analysis:
The region portion of the research also includes individual market affecting elements and changes in legislation in the market that affect present and future market trends. Data points such as downstream and upstream value chain analysis, technological trends and porter's five forces analysis, and case studies are only a few of the indicators utilized to anticipate the market scenario for different nations.
COVID-19 Impact Analysis on Network Management System market : The report also discusses how COVID-19 affected the Network Management System market .
Key Questions Answered in the Network Management System market Report are:
- What will be the CAGR of the Network Management System market during the forecast period (2022-2029)?
- Which segment emerged as the leading segment in the Network Management System market ?
- Which are the prominent players in the Network Management System market ?
- What key trends are likely to emerge in the Network Management System market in the forecast period?
- What will be the Network Management System market size by 2029?
- Which company held the largest share in the Network Management System market in 2020?
