Network Management System Market by Component (Platform, Services, Solutions), Deployment (On-Cloud, On-Premise), Service Provider, Vertical - Global Forecast 2024-2030

Network Management System Market by Component (Platform, Services, Solutions), Deployment (On-Cloud, On-Premise), Service Provider, Vertical - Global Forecast 2024-2030

The Network Management System Market size was estimated at USD 9.43 billion in 2023 and expected to reach USD 10.44 billion in 2024, at a CAGR 10.89% to reach USD 19.45 billion by 2030.

A network management system (NMS) is a suite of applications that enables network engineers and IT staff to manage, monitor, and maintain a variety of network components within a centralized framework. It encompasses a broad set of functions, including fault diagnosis, configuration management, performance monitoring, security oversight, and bandwidth analysis. The proliferation of NMS use is largely attributable to the rising complexity and scale of modern networks, coupled with the growing importance of network dependability in business operations. The elevation of Internet of Things (IoT) devices, the transition to cloud services, and the demand for higher network availability are accelerating the need for sophisticated management tools. However, high initial costs and the potential for system over-dependence leading to a single point of failure can impact the utility of NMS. Organizations are expected to prioritize scalable NMS solutions that offer modular and customizable features, allowing for phased implementation and cost management. The future for NMS is promising, with opportunities driven by advancements in AI, ML, and automation. As networks continue to grow with 5G and next-generation technologies, there will be an increasing demand for NMS solutions that can manage vast, complex infrastructures efficiently.

Regional Insights

In the Americas, particularly the United States and Canada, there is a high adoption rate due to the presence of a large number of technology firms and advanced infrastructure, which necessitates robust NMS for efficient operations. Production in this region is driven by innovation, with major regional companies supporting a mature market with a strong emphasis on integrating AI and ML into NMS. The APAC region is marked by rapid growth and expansion, fueled by the increasing deployment of telecom and IT services, particularly in emerging economies such as China, India, and Southeast Asian countries. Production here is also bolstered by local players who offer cost-effective solutions, catering to the large SMB sector. Moreover, government initiatives to improve digital infrastructure contribute to the region's NMS market expansion. The adoption in Europe complies with stringent regulatory standards on data protection and network security, influencing the kind of NMS solutions deployed. Companies in this region focus on compliance and high-quality service delivery. In the Middle East and Africa, the market is evolving with investments in new technology and infrastructure projects, often led by collaborations with multinational corporations, which stimulates the need for sophisticated NMS solutions.

Market Insights

• Market Dynamics
  
  The market dynamics represent an ever-changing landscape of the Network Management System Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.
  • Market Drivers
    • Growing Adoption of Network Management Systems by Data Centers
    • Rising Need to Maintain the Quality of Service and Quality of Experience
    • Increasing In-depth Visibility into Network Security
    • Market Restraints
      • Presence of Free Network Management Tools
      • Market Opportunities
        • Increasing Growth in The Global IP Traffic and Cloud Traffic
        • Rise in The Demand for The Network Management Solution in SMEs
        • Market Challenges
          • Security Threats Associated With Network Management System
          • Market Segmentation Analysis
            • Component: Preference for comprehensive NMS platforms that offer flexible solutions
            • Application: Adoption of NMS to manage evolving compliance and security protocols in the IT & Telecom sector
            • Market Disruption Analysis
            • Porter’s Five Forces Analysis
            • Value Chain & Critical Path Analysis
            • Pricing Analysis
            • Technology Analysis
            • Patent Analysis
            • Trade Analysis
            • Regulatory Framework Analysis
            FPNV Positioning Matrix
            
            The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Network Management System Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
            
            Market Share Analysis
            
            The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Network Management System Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
            
            Recent Developments
            • Cisco joins USD 10 Million Funding Round for Aviz Networks’ Enterprise SONiC Drive
              
              Cisco Systems, Inc. strategically joined an investment endeavor that has culminated in a USD 10 million funding round for Aviz Networks. As a player in the network management arena, Cisco's financial support reaffirms the industry’s growing confidence in SONiC's potential to revolutionize cloud and edge networking with its remarkable modularity, programmability, and compatibility across a multitude of switches and ASICs from several vendors.
              
              FibreConnect partners with Tejas Networks to successfully deploy an end-to-end optical network in Italy
              
              Tejas Networks announced its significant role in FibreConnect's recent broadband service launch throughout Italy, utilizing Tejas's advanced telecommunications equipment. The deployment features Tejas's TejNMS, a universal network management system that ensures agility and resilience paired with advanced service orchestration. The partnership empowers FibreConnect to overcome Italy’s digital divide and provide high-speed connectivity solutions to the nation's SMBs, thanks to cutting-edge technological implementations and robust customer service.
              
              ConnectWise Unveils Its New Network Monitoring and Management Solution
              
              ConnectWise launched a new Network Monitoring and Management solution by integrating technology from Auvik, a major company in cloud-based network management, within its acclaimed Remote Monitoring and Management (RMM) tool. This upgrade, built on the robust ConnectWise Asio platform, equips IT service providers with advanced capabilities for proactive network oversight. This innovative integration serves as a testament to ConnectWise's commitment to offering superior network management resources for their TSP community.
            Strategy Analysis & Recommendation
            
            The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Network Management System Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.
            
            Key Company Profiles
            
            The report delves into recent significant developments in the Network Management System Market, highlighting leading vendors and their innovative profiles. These include Amazon Web Services, Inc., Auvik Networks Inc., BMC Software, Inc., Broadcom Inc., Cisco Systems, Inc., Cloudflare, Inc., Colasoft, Cubro Acronet GesmbH, Datadog Inc., ExtraHop Networks, Inc., Google LLC by Alphabet Inc., Huawei Technologies Co., Ltd, Icinga GmbH, International Business Machines Corporation, Juniper Networks, Inc., Kentik Technologies, Inc., LiveAction, Inc., Micro Focus International PLC, Microsoft Corporation, Nagios Enterprises, LLC, NETSCOUT Systems, Inc., Nexog Ltd, NinjaOne, LLC, Nokia Corporation, Oracle Corporation, Paessler AG, Progress Software Corporation, Riverbed Technology, Inc., Siemens AG, SolarWinds Corporation, VIAVI Solutions Inc., and Zoho Corporation Pvt. Ltd..
            
            Market Segmentation & Coverage
            
            This research report categorizes the Network Management System Market to forecast the revenues and analyze trends in each of the following sub-markets:
            • Component
              • Platform
              • Services
                • Consulting Services
                • Integration & Deployment Services
                • Training, Support & Maintenance Services
                • Solutions
                  • Cloud Monitoring
                  • Log & Event Management
                  • Network Configuration
                  • Network Performance & Monitoring
                  • Software-Defined Networking Monitoring
                  • Virtual Monitoring
                  • Deployment
                    • On-Cloud
                    • On-Premise
                    • Service Provider
                      • Cloud Service Providers
                      • Managed Service Providers
                      • Telecom Service Provider
                      • Vertical
                        • Banking, Financial Services, and Insurance
                        • Government
                        • Healthcare
                        • IT & Telecom
                        • Manufacturing
                        • Retail
                        • Transportation & Logistics
                        • Region
                          • Americas
                            • Argentina
                            • Brazil
                            • Canada
                            • Mexico
                            • United States
                              • California
                              • Florida
                              • Illinois
                              • New York
                              • Ohio
                              • Pennsylvania
                              • Texas
                              • Asia-Pacific
                                • Australia
                                • China
                                • India
                                • Indonesia
                                • Japan
                                • Malaysia
                                • Philippines
                                • Singapore
                                • South Korea
                                • Taiwan
                                • Thailand
                                • Vietnam
                                • Europe, Middle East & Africa
                                  • Denmark
                                  • Egypt
                                  • Finland
                                  • France
                                  • Germany
                                  • Israel
                                  • Italy
                                  • Netherlands
                                  • Nigeria
                                  • Norway
                                  • Poland
                                  • Qatar
                                  • Russia
                                  • Saudi Arabia
                                  • South Africa
                                  • Spain
                                  • Sweden
                                  • Switzerland
                                  • Turkey
                                  • United Arab Emirates
                                  • United Kingdom
                                  
                                  
                                  Please Note: PDF & Excel + Online Access - 1 Year