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.
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Network Management
Systems Market Report Highlights
- 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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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.
For more info visit @ https://www.grandviewresearch.com
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