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Network Management System (NMS) Market Worth $11.0 Billion by 2024 - Exclusive Report by MarketsandMarkets™
[October 08, 2019]

Network Management System (NMS) Market Worth $11.0 Billion by 2024 - Exclusive Report by MarketsandMarkets™


CHICAGO, Oct. 8, 2019 /PRNewswire/ -- According to a new market research report "Network Management System (NMS) Market by Component (Platform, Solutions, and Services), Deployment Type (Cloud and On-premises), End-Users (Verticals and Service Providers), Organization Size, and Region - Global Forecast to 2024", published by MarketsandMarkets™, the global Network Management System Market size is expected to grow from USD 7.0 billion in 2019 to USD 11.0 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 9.5% during the forecast period.

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The primary factor expected to drive the growth of the NMS market is the increasing need for in-depth visibility into network security and Quality of Service (QoS), and growing network infrastructure. Exponential growth in the global Internet Protocol (IP) traffic and cloud traffic, and prominence of the Internet of Things (IoT) are expected to offer vast market opportunities for NMS vendors in the next 5 years.

Browse in-depth TOC on "Network Management System (NMS) Market"

113 – Tables

47 – Figures

241 – Pages

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https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1041

Network performance and monitoring segment to record the highest growth rate during the forecast period

Under the solution segment, network performance and monitoring segment is expected to grow at the highest growth rate during the forecast period. Organizations of any size, such as SMEs and large enterprises, are investing heavily in network performance and monitoring solutions to ensure zero network outage and streamline network operations. Network performance and monitoring solutions offer a range of features, such as network performance, network traffic monitoring, bandwidth monitoring, network troubleshooting, health monitoring, network discovery, network mapping, network capacity planning, fault management, Class-Based Quality of Service (CBQoS), Network-Based Application Recognition (NBAR), NBRA2, alarms, real-time monitoring, traffic shaping, flow analysis, network visualization, intelligent alerting, in-depth networ performance, and intelligent mapping.



Service providers to record the highest CAGR during the forecast period

In the NMS market by end-user, service providers are expected to register the highest CAGR during the forecast period. There is an increasing trend of the adoption of NMS solutions by telecom and cloud service providers to manage, analyze, and optimize the entire network infrastructure. The advanced NMS solutions can support better network capacity planning and network management features, as well as provide security against malware and DDoS attacks. Such critical factors are expected to drive the demand for NMS solutions among service providers.


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North America to hold the largest market size during the forecast period

North America is expected to hold the largest market size in the global NMS Market during the forecast period. The US has emerged as the largest country for the market in terms of market size, due to the heavy adoption of advanced technologies, such as cloud, analytics, and IoT, across the US organizations. Moreover, the US is one of the most developed countries in the world in terms of technology adoption, which is known for its innovative and disruptive startups.

Key and emerging Network Management System Market players include Cisco (US), IBM (US), Huawei (China), Juniper Networks (US), Nokia (Finland), SolarWinds(US), CA Technologies (Broadcom) (US), NETSCOUT (US), Riverbed Technology (US), Micro Focus (UK), Ipswitch (Progress) (US), BMC Software (US), ExtraHop Networks (US), Colasoft (China), Flowmon Networks (Czech Republic), ManageEngine (US), LiveAction (US), Paessler AG (Germany), SevOne (US), Cubro Network Visibility (Austria), Kentik (US), VIAVI Solutions (US), Accedian (Canada), Kaseya (US), HelpSystems (US), Extreme Networks (US), AppNeta (US), Ericsson (Sweden), eG Innovations (US), and Opmantek (Australia).

Browse Adjacent Markets: Data Center and Networking Market Research Reports & Consulting

Related Reports:

Network Analytics Market by Type (Solutions and Services), by End User (Cloud Providers, Telecom Service Providers, ISPs, Satellite Communication Providers, Cable Network Providers) - Global Forecast to 2020

https://www.marketsandmarkets.com/Market-Reports/network-analytics-market-1244.html

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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