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Global Network Management Software Market to Grow at a CAGR of 6.4% by 2021 - Increased Adoption of Virtualization Products & Regulatory Compliance Requirements - Research and MarketsDUBLIN, Apr 10, 2017 /PRNewswire/ -- Research and Markets has announced the addition of the "Global Network Management Software Market 2017-2021" report to their offering.  The global network management software market to grow at a CAGR of 6.44% during the period 2017-2021. The report, Global Network Management Software Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. One trend in market is outsourcing of network management division to managed service providers. Most NMS vendors are witnessing low-profit margins because of the decrease in average revenue per user (ARPU). To reduce their operational expenses, vendors are outsourcing most of their service functionalities and network maintenance to managed service providers while retaining their core business operations. As NMS is an integral part of a etwork and requires a trained workforce, most of the vendors are outsourcing NMS implementation and operation to managed service providers. Outsourcing helps the vendors maintain high-profit margins and good service level agreements (SLA). According to the report, one driver in market is increased adoption of virtualization products. The global IT industry is witnessing an increase in the adoption of intelligent NMS for the virtualization of network operations and management. A network virtualization product has management capabilities and works seamlessly with any existing network management tool to facilitate more enterprise applications and network interfaces. In addition, NMS enables the storage of network-related data in a single physical device. With the increase in virtualization, the investments in R&D for NMS are likely to increase significantly. Key vendors
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Key Topics Covered: Media Contact: Research and Markets
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