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 News

  • In October 2024, Cisco pronounced launch of its new AI-attuned network management system, which would create value in terms of visibility and automation of the network. Machine learning algorithms drive this new network management capability to predict performance issues and minimize downtime while making improvements for the enterprise networks that are now adopting hybrid and cloud-based infrastructures.
  • In September 2024, The new software-defined network (SDN) solution from Huawei announced in the month of September, two thousand twenty four, aimed at making large-scale network management easy. This solution is cloud-native and has lots of analytics and mess-free integration with the existing infrastructures. Intended to consider enterprise scalability, network security, and operational cost cutting across different sectors.
  • In August 2024, IBM introduced its cloud-based network management platform powered by artificial intelligence and automation. This platform is designed to optimize performance and security for multi-cloud environments. With the help of AI, the system automatically modulates the resources required, supervises the traffic, and adds detection of vulnerabilities for enterprises to ensure networks are resilient and resource efficient.
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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.

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Global Network Management System Market

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