Network Management System Market by Component, Deployment, Service Provider, Vertical

Description

List of Tables

[199 Pages Report] 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.

KEY MARKET STATISTICS
Base Year [2023]	USD 9.43 billion
Estimated Year [2024]	USD 10.44 billion
Forecast Year [2030]	USD 19.45 billion
CAGR (%)	10.89%

Component: Preference for comprehensive NMS platforms that offer flexible solutions

The platform component of an NMS provides the foundational software upon which network monitoring and management tools operate. It is essential for organizations that require a robust and scalable system to handle complex networks. Organizations with large-scale network infrastructures often prioritize a platform that offers extensive customization and integration capabilities and supports a wide array of network devices and protocols. Services include the professional offerings that accompany the NMS, such as deployment, support, managed services, and consulting, which are critical for the successful operation and optimization of network management systems. Companies with limited in-house IT capabilities often opt for a service-heavy NMS solution, relying on the expertise and ongoing support of the service provider to manage their network effectively. Solutions encompass the specific applications and software modules tailored to address particular needs within network management, such as performance monitoring, fault analysis, and bandwidth management.

Application: Adoption of NMS to manage evolving compliance and security protocols in the IT & Telecom sector

The BFSI sector relies heavily on network management systems for secure and reliable operation of their digital transactions and services. Given the sensitivity of financial data, these institutions prioritize systems that offer robust security protocols, high availability, and compliance with financial regulations. Government agencies use network management systems to maintain and manage their IT resources across various departments. The preference here is for systems that offer high scalability, resilience, and compliance with stringent government standards and security requirements. The healthcare industry requires network management systems that ensure the confidentiality and availability of patient data. The IT and Telecom industry requires network management solutions that can handle huge data sets, complex infrastructures, and provide uninterrupted services. Manufacturing's shift towards Industry 4.0 has increased the reliance on network management systems to connect and automate production lines. These systems need to support industrial protocols and enable edge computing capabilities. Transportation and logistics companies leverage network management systems to monitor and manage logistics operations, real-time fleet tracking, and ensure constant communication between vehicles and control centers.

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.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Network Management System Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis 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: 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 examination of the current state of vendors in the Network Management System Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. 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 this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

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

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.

2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.

3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.

4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.

5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Network Management System Market?

2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Network Management System Market?

3. What are the technology trends and regulatory frameworks in the Network Management System Market?

4. What is the market share of the leading vendors in the Network Management System Market?

5. Which modes and strategic moves are suitable for entering the Network Management System Market?

Product Code: MRR-431F213C93D1

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Growing Adoption of Network Management Systems by Data Centers
  - 5.1.1.2. Rising Need to Maintain the Quality of Service and Quality of Experience
  - 5.1.1.3. Increasing In-depth Visibility into Network Security
- 5.1.2. Restraints
  - 5.1.2.1. Presence of Free Network Management Tools
- 5.1.3. Opportunities
  - 5.1.3.1. Increasing Growth in The Global IP Traffic and Cloud Traffic
  - 5.1.3.2. Rise in The Demand for The Network Management Solution in SMEs
- 5.1.4. Challenges
  - 5.1.4.1. Security Threats Associated With Network Management System
5.2. Market Segmentation Analysis
- 5.2.1. Component: Preference for comprehensive NMS platforms that offer flexible solutions
- 5.2.2. Application: Adoption of NMS to manage evolving compliance and security protocols in the IT & Telecom sector
5.3. Market Trend Analysis
5.4. Cumulative Impact of Russia-Ukraine Conflict
5.5. Cumulative Impact of High Inflation
5.6. Porter's Five Forces Analysis
- 5.6.1. Threat of New Entrants
- 5.6.2. Threat of Substitutes
- 5.6.3. Bargaining Power of Customers
- 5.6.4. Bargaining Power of Suppliers
- 5.6.5. Industry Rivalry
5.7. Value Chain & Critical Path Analysis
5.8. Regulatory Framework Analysis
5.9. Client Customization

6. Network Management System Market, by Component

6.1. Introduction
6.2. Platform
6.3. Services
6.4. Solutions

7. Network Management System Market, by Deployment

7.1. Introduction
7.2. On-Cloud
7.3. On-Premise

8. Network Management System Market, by Service Provider

8.1. Introduction
8.2. Cloud Service Providers
8.3. Managed Service Providers
8.4. Telecom Service Provider

10. Americas Network Management System Market

10.1. Introduction
10.2. Argentina
10.3. Brazil
10.4. Canada
10.5. Mexico
10.6. United States

12. Europe, Middle East & Africa Network Management System Market

12.1. Introduction
12.2. Denmark
12.3. Egypt
12.4. Finland
12.5. France
12.6. Germany
12.7. Israel
12.8. Italy
12.9. Netherlands
12.10. Nigeria
12.11. Norway
12.12. Poland
12.13. Qatar
12.14. Russia
12.15. Saudi Arabia
12.16. South Africa
12.17. Spain
12.18. Sweden
12.19. Switzerland
12.20. Turkey
12.21. United Arab Emirates
12.22. United Kingdom

13. Competitive Landscape

13.1. Market Share Analysis, 2023
13.2. FPNV Positioning Matrix, 2023
13.3. Competitive Scenario Analysis
- 13.3.1. Cisco joins USD 10 Million Funding Round for Aviz Networks' Enterprise SONiC Drive
- 13.3.2. FibreConnect partners with Tejas Networks to successfully deploy an end-to-end optical network in Italy
- 13.3.3. ConnectWise Unveils Its New Network Monitoring and Management Solution

14. Competitive Portfolio

14.1. Key Company Profiles
14.2. Key Product Portfolio