Telecom Network Management System Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Telecom Network Management System Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Market Overview:

The global telecom network management system market size reached US$ 8.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 15.1 Billion by 2028, exhibiting a growth rate (CAGR) of 10% during 2023-2028.

Telecom network management system (NMS) refers to the tools, applications and services that are used for managing a telecommunication network. The telecom NMS ensures impeccable interactivity and transmission of information across heterogeneous operating systems and telecommunication networks. It also consists of management of network addresses, security, traffic, hardware, software, load balancing, data backup and recovery. This enables the users to manage individual components within a vast network and conduct performance analysis to avoid network disruptions, improve network security and ensure optimal performance. Owing to this, it finds extensive applications across various industries, including banking, financial services and insurance (BFSI), information technology (IT), manufacturing, retail, healthcare and transportation.

Significant growth in the telecommunications industry across the globe is one of the key factors driving the growth of the market. The increasing need for in-depth visibility in network infrastructure is also providing a boost to the market growth. Furthermore, widespread adoption of telecom NMS for maintaining Quality of Experience (QoE) and Quality of Service (QoS) for the optimization of business operations is contributing to the market growth. In addition to this, a substantial increase in the Internet Protocol (IP) and cloud traffic across the globe is acting as another growth-inducing factor. Service vendors are developing cost-effective NMS tools that can be used for network function virtualization, fixed and mobile broadband networks and network orchestration. Other factors, including advancements in the 4G and 5G telecommunication infrastructure, and the integration of the existing networks with the Internet of Things (IoT), are projected to drive the market further.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global telecom network management system market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on component, organization size, deployment type and vertical.

Breakup by Component:

Solution
Configuration Management
Performance Management
Security Management
Fault Management
Others
Services
Consulting
Deployment and Integration
Training, Support and Maintenance

Breakup by Organization Size:

Large Enterprises
Small and Medium Enterprises

Breakup by Deployment Type:

On-premises
Cloud-based

Breakup by Vertical:

IT and Telecom
BFSI
Government
Manufacturing
Healthcare
Transportation and Logistics
Retail
Media and Communication
Others

Breakup by Region:

North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being BMC Software Inc. (KKR and Co. Inc.), CA Inc. (Broadcom Inc.), Cisco Systems Inc., Dell Technologies Inc., Ericsson AB, Hewlett Packard Enterprise Company, Huawei Technologies Co. Ltd., International Business Machines Corporation, Juniper Networks Inc., NETSCOUT Systems Inc., Nokia Oyj, Oracle Corporation, Paessler AG, Riverbed Technology Inc. (Thoma Bravo LLC), SolarWinds Corporation (Thoma Bravo LLC and Silver Lake), VIAVI Solutions Inc., ZTE Corporation, etc.

Key Questions Answered in This Report:
How has the global telecom network management system market performed so far and how will it perform in the coming years?
What are the key regional markets?
What has been the impact of COVID-19 on the global telecom network management system market?
What is the breakup of the market based on the component?
What is the breakup of the market based on the organization size?
What is the breakup of the market based on the deployment type?
What is the breakup of the market based on the vertical?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global telecom network management system market and who are the key players?
What is the degree of competition in the industry?