Network Management System (NMS) Market size to grow at a CAGR of 9.68% from 2022 to 2027; Increasing demand for efficient network management to drive market growth - Technavio
NEW YORK, May 23, 2023 /PRNewswire/ -- The network management system (NMS) market is estimated to grow by USD 5,454.03 million from 2022 to 2027. However, the growth momentum will progress at a CAGR of 9.68% during the forecast period. The market is segmented by deployment (on-premises and cloud), end-user (large enterprises and SMEs), and geography (North America, APAC, Europe, South America, and Middle East and Africa). The market share growth by the on-premises segment will be significant for overall market growth during the forecast period. Despite the decline in the demand for on-premise NMS, some companies still prefer to manage their networks on-premises. This is due to various reasons such as security concerns, compliance requirements, and control over their network. One of the key factors that drive the growth in the network management system market is the increasing demand for efficient network management. Organizations have grown their dependence on their networks for various operations, such as collecting data from connected network devices like switches, routers, access points, and client devices. Hence, such factors boost market growth during the forecast period. Don't miss out on critical insights Download a Sample Report!
Network Management System (NMS) Market - Insights -
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Network management system (NMS) market - Vendor Insights
The growing competition in the market is compelling vendors to adopt various growth strategies such as promotional activities and spending on advertisements to improve the visibility of their services. Technavio report analyzes the market's competitive landscape and offers information on several market vendors including BMC Software Inc., Broadcom Inc., Cisco Systems Inc., Colasoft, Dell Technologies Inc., General Electric Co., Hewlett Packard Enterprise Co., Huawei Technologies Co. Ltd., International Business Machines Corp., Juniper Networks Inc., Kentik Inc., LiveAction, NetScout Systems Inc., Nokia Corp., Oracle Corp., Riverbed Technology Inc., SolarWinds Corp., Telefonaktiebolaget LM Ericsson, Viavi Solutions Inc., and Zoho Corp. Pvt. Ltd.
Network Management System (NMS) Market – Market Dynamics
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The network management system (NMS) market report provides critical information and factual data, with a qualitative and quantitative study of the market based on market drivers and limitations as well as future prospects.
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Table of Contents
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Deployment
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
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