San
Francisco, 30 April , Network Management Systems (NMS) Market Analysis Report
By Deployment (Cloud, On-premise), By Enterprise (Large, SMEs), By Component,
By Vertical (IT & Telecom, BFSI), and Segment Forecasts, 2019 - 2025
The global network management systems market size is expected to reach USD
11.94 billion by 2025, registering a CAGR of 10.2% over the forecast period,
according to a new report by Grand View Research, Inc. Growing adoption of
network management systems by data centers to enhance performance and eliminate
downtime risks, coupled with rising demand for high quality of services (QoS),
irrespective of the industry vertical, is expected to drive the market over the
forecast period.
As the global marketplace continues to
expand, enterprises are increasingly getting dependent on networking resources
to retain their competitiveness. As such, NMS can help in obtaining complete
network visibility, monitoring operational performance, ensuring security,
preventing unauthorized access, and performing predictive maintenance
activities.
Soaring need for an agile and secure
infrastructure to operate effectively in sophisticated business environment is
predicted to stoke the demand for these solutions and services over the
forecast period. Vendors of NMS solutions are also expected to witness
significant opportunities over the forecast period as small & medium enterprises
(SMEs) continue to deploy wireless and wired LAN infrastructure across as part
of their efforts to adopt cloud-based solutions, reduce overall infrastructure
costs, and ensure an easy access to data.
Prominent players in the network management
software market are particularly promoting their cloud-based NMS solutions by
establishing partnerships in response to customers’ demands for robust,
scalable, and flexible solutions. For instance, in 2017, Riverbed Technology,
Inc. established a partnership agreement with Huawei Technologies Co., Ltd to
provide Huawei CloudEPN with Riverbed SteelHead combined solutions that will
help customers simplify network management in this cloud era. However,
availability of free and open-source NMS solutions and budget issues faced by
enterprises while deploying NMS are anticipated to hinder the growth of the NMS
market over the forecast period.
Access Full Research Report On Network Management Systems
(NMS) Market Analysis:
Further key findings from the study suggest:
·
North America emerged as the largest
regional market with a revenue share exceeding 30.0% in 2018. Operators in the
region are investing aggressively in rolling out 5G infrastructure to cater to
growing demand for higher bandwidth
·
The Asia Pacific network management systems
market is expected to progress at the highest CAGR over the forecast period
owing to proliferation of smartphones, continued rollout of cellular and
broadband networks, and burgeoning popularity of cloud-based solutions and
services and Internet of Things (IoT)
·
The SMEs segment is anticipated to grow
significantly over the forecast period in line with rising popularity of SDN
among SMEs to streamline business processes and enhance business performance
·
The cloud-based segment is projected to
grow rapidly over the forecast period as more and more enterprises continue to
realize scalability and cost-effectiveness of cloud-based NMS solutions
·
Various e-health projects aimed at
connecting hospitals and mobile healthcare units in order to ensure efficient
and easy-to-access healthcare services to people are anticipated to propel the
growth of the healthcare segment over the forecast period
·
Key market players, such as Nokia
Corporation.; SolarWinds Inc.; and IBM Corporation, are focusing on launching
innovative solutions compatible with upcoming 5G standards.
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More Reports Of This Category By Grand View Research At: https://www.grandviewresearch.com/industry/emerging-and-next-generation-technologies
Grand View Research has segmented the global network management systems
market on the basis of component, deployment, enterprise, vertical, and
regional:
NMS Component Outlook (Revenue, USD
Million, 2015 - 2025)
·
Solutions
o
Configuration management
o
Performance management
o
Security management
o
Fault management
o
Accounting management
·
Services
o
Consulting
o
Integration & Implementation
o
Training, Support & Maintenance
NMS Deployment Model Outlook (Revenue, USD
Million, 2015 - 2025)
·
On-Premises
·
Cloud-Based
NMS Enterprise Size Outlook (Revenue, USD
Million, 2015 - 2025)
·
Large Enterprises
·
SMEs
NMS Vertical Outlook (Revenue, USD Million,
2015 - 2025)
·
IT & Telecom
·
BFSI
·
Government
·
Manufacturing
·
Healthcare
·
Transportation & Logistics
·
Retail
·
Media & communication
·
Others
NMS Regional Outlook (Revenue, USD Million,
2015 - 2025)
·
North America
o
U.S.
o
Canada
o
Mexico
·
Europe
o
U.K.
o
Germany
o
France
o
Spain
o
Italy
·
Asia Pacific
o
China
o
India
o
Japan
o
South Korea
·
South America
o
Brazil
o
Argentina
·
MEA (Middle East & Africa)
Access Full Press Release of this Report: https://www.grandviewresearch.com/press-release/global-network-management-systems-nms-market
About Grand View Research
Grand View Research, Inc. is a U.S. based
market research and consulting company, registered in the State of California
and headquartered in San Francisco. The company provides syndicated research
reports, customized research reports, and consulting services. To help clients
make informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
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