Global Network Management System Market

Network Management System Market Size, Share, Growth Analysis, By Component (Solutions, Services), By Solution (Network Performance & Monitoring, Cloud Monitoring), By Service (Consulting Services, Integration & Deployment Services), By Region -Industry Forecast 2025-2032


Report ID: SQMIG45F2167 | Region: Global | Published Date: December, 2024
Pages: 188 | Tables: 95 | Figures: 71

Network Management System Market Dynamics

Drivers

Increasing Network Complexity

  • 5G is used to increase the efficiency of network management systems when businesses go for modern, distributed architectures. With the development of cloud services, Internet connection of things (IoT), and 5G, the network structure becomes even less complicated. As the demand for solutions to monitor, manage, and optimize diverse environments grows stronger, so does the demand for newer technologies.

Rising Cybersecurity Concerns

  • As cyber threats increasingly surge, network security is taking top priority these days in organizations around the world. Network management system with powerful security features like real-time tracking and threat detection help an organization protect its infrastructure, ensuring that sensitive data is kept secure as much as possible and that the risk for network breaches is minimized.

Restraints

Lack of Skilled Workforce

  • Specialist network monitoring and security skills in analytics are what it takes to develop and manage effective deployment in a network management system (NMS). It is the unavailability of skilled personnel to handle these networks and currently, that is a significant bottleneck particularly in areas with little specialized training/literature about them.

Data Privacy and Compliance Issues

  • The stringent data privacy regulation, for example, GDPR makes it a challenge for companies implementing network management system. Ensuring compliance with these laws while managing sensitive data flowing through the network can be complex and time-consuming and, hence, would discourage some organizations from fully adopting network management systems due to the risks involved in noncompliance and prosecution that they would face.
$5,300
BUY NOW GET FREE SAMPLE
Want to customize this report?

Our industry expert will work with you to provide you with customized data in a short amount of time.

REQUEST FREE CUSTOMIZATION

FAQs

Global Network Management System Market size was valued at USD 8.25 Billion in 2022 poised to grow from USD 9.08 Billion in 2023 to USD 19.61 Billion by 2031, growing at a CAGR of 10.1% in the forecast period (2024-2031).

The competitive environment of the global network management system market is primarily led by the key players resorting to offering innovative solutions under the context of increasing demands for effective network management. Some of the major companies internationally that have a stake in this market are Cisco Systems, Huawei Technologies, IBM, Juniper Networks, and NetScout Systems. They are known for delivering advanced technologies like AI, automation, and cloud-based solutions to make the networks more efficient, secure and scalable, thereby facilitating growth and innovation in the global network management system market trends. 'Cisco Systems (USA)', 'Huawei Technologies (China)', 'IBM (USA)', 'Juniper Networks (USA)', 'NetScout Systems (USA)', 'Brocade Communications (USA)', 'Zebra Technologies (USA)', 'Alcatel-Lucent Enterprise (France)', 'SolarWinds (USA)', 'Nokia Networks (Finland)', 'Fortinet (USA)', 'Arista Networks (USA)', 'Extreme Networks (USA)', 'Palo Alto Networks (USA)', 'Viavi Solutions (USA)'

5G is used to increase the efficiency of network management systems when businesses go for modern, distributed architectures. With the development of cloud services, Internet connection of things (IoT), and 5G, the network structure becomes even less complicated. As the demand for solutions to monitor, manage, and optimize diverse environments grows stronger, so does the demand for newer technologies.

Rising Demand for AI-Powered Network Automation: Artificial intelligence-driven automation is growing in the global network management system market. The more advanced networks become, the more manual tasks there are that artificial intelligence performs, such as traffic analysis, fault detection, performance optimization, and so forth. It is much easier and faster to resolve problems caused by downtime or the effectiveness of network management.

North America is dominating the global network management system market due to its strong technological infrastructure, high adoption of advanced technologies, and presence of major market players. Moreover, just like this, large-scale enterprises in the region, like telecommunications, finance, and healthcare, create demand for more robust, scalable network management solutions which optimize performance and security requirements. The North American early adoption of cloud computing, the Internet of Things (IoT), and AI technologies also increases the demand for efficient network management. The governments' initiatives toward digital transformation, the rising need for speedy and reliable networks, make North America command the global network management system market.

Request Free Customization

Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.

logo-images

Feedback From Our Clients

Global Network Management System Market

Report ID: SQMIG45F2167

$5,300
BUY NOW GET FREE SAMPLE