The Network Management System Market size to grow from USD 9.3 billion in 2022 to USD 14.6 billion by 2027, at a Compound Annual Growth Rate (CAGR) of 9.4% during the forecast period. Various factors such as growing demand for better optimization of business operations, rise in the need for in-depth visibility into network security, and maintaining QoE and QoS are expected to drive the adoption of network management system.
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As per verticals, the government segment to grow at highest CAGR during the forecast period
The network management system market is segmented on verticals into BFSI, IT & telecom, government, manufacturing, healthcare, retail, transportation & logistics, and others (education and hospitality). As per verticals, the government vertical is expected to grow at the highest CAGR during the forecast period. This vertical is one of the major revenue contributors to the NMS market and is expected to be a promising vertical in the future as well. Since businesses are changing, the network infrastructure continues to be a significant backbone, linking users to the necessary IT resources and enabling immediate distribution of information. The change in the government network infrastructure is driving the growth of the NMS market.
On-premises Segment to grow at the highest CAGR during the forecast period
As per deployment mode, On-premises Segemnt to grow at the highest CAGR for the network management system market during the forecast period. The network management system market by deployment mode is segmented into cloud and on-premises. The on-premises solutions are seen to be in greater demand, due to their wide range of functionalities, such as high-end security, easy deployment, and complete access to network solutions. With advancements in technology, enterprises and service providers are seen to prefer cloud-based network management solutions, as they offer various benefits, such as a pay-per-use model, flexibility, speed inaccessibility, and low installation and maintenance costs.
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Some major players in the network management system market include Cisco (US), IBM (US), Broadcom CA Technologies (US), Micro Focus (UK), Juniper Networks (US), Nokia (Finland), Ericsson (Sweden), ManageEngine, a Division of Zoho Corporation (US), Huawei (China), LiveAction (US), NETSCOUT (US), Progress (Ipswitch) (US), Paessler (Germany), Cubro Network Visibility (Austria), Kentik (US), VIAVI Solutions (US), Kaseya (US), Extreme Networks (US), eG Innovations (US), Colasoft (China), SolarWinds (US), ExtraHop Networks (US), Riverbed (US), Accedian (Canada), BMC Software (US), HelpSystems (US), and AppNeta (US). These players have adopted various organic and inorganic growth strategies, such as new product launches, partnerships and collaborations, and mergers and acquisitions, to expand their presence in the global network management system market.
Broadcom is a publicly held global infrastructure technology provider that helps its clients in innovation, collaboration, and engineering excellence. The company focuses on technologies that connect the world in collaboration with industry leaders such as Avago Technologies, LSI, Broadcom Corporation, Brocade, and CA Technologies. The company is a global provider in numerous product segments, serving the world’s most successful companies. The company has a wide product and solution portfolio for segments such as storage and systems, wireless, wired connectivity, optical products, Broadcom software, mainframe software, enterprise software, and security. It caters its products to several companies and has a presence in more than 15 countries across North America, Europe, the Middle East & Africa, and Asia Pacific. Broadcom’s NMS offering includes the DX NetOps Platform. The platform converts inventory, topology, device metrics, faults, and flow and packet analysis into actionable intelligence for network operations teams. It is complemented by its AIOps solution that enables IT teams to establish proactive, autonomous remediation capabilities across applications, infrastructure, and networks for providing superior user experiences.
Cisco gear, software, and service options are implemented to build Internet solutions that allow users, corporations, and governments to access information anytime. Cisco has also developed the use of the Internet in its commercial operations and provides consulting solutions depending on its expertise to assist other firms worldwide. Cisco researchers have been at the forefront of IP-based networking technology development from the firms inception. The development of industry-leading solutions in core routing and switching technologies, as well as advanced technologies in areas such as home networking, IP telephony, optical networking, security, storage area networking, and wireless technology, continues this IP innovative history. The company sells its products and solutions, both directly through its own sales force as well as through its channel partners, to large enterprises, commercial businesses, service providers, and consumers. Cisco provides SD-WAN, a secure, cloud-scale architecture that is accessible, programmable, and scalable. Likewise, Cisco Application Centric Infrastructure (Cisco ACI) is an industry-leading secure, accessible, and broad SDN solution. This solution delivers an intent-based networking structure to accelerate responsiveness in data centers. The company caters to clientele all over the world and generates its revenue majorly from the Americas, Europe, the Middle East & Africa, and Asia Pacific.
Juniper Networks is a leading provider of networking and cybersecurity solutions for service providers, enterprises, and public sectors. The company designs, develops, and sells network products and solutions worldwide. Juniper Networks provides network automation solutions that transform the network experience of users with resilient, closed-loop, and intent-driven automation powered by AI and ML. NorthStar Controller provides flexible traffic engineering solutions, which simplify and automate the provisioning, management, and monitoring of segment routing and IP/MPLS flows across large networks. NorthStar Planner is a network planning and simulation tool that provides in-depth network views, health audits, and scenario planning without impacting the live network of users.
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