Network Management Systems Market– Statistics And Analysis & Forecast To 2025

Posted by Mrudula Karmarkar on June 15th, 2022

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.

Artificial Intelligence (AI), Virtual Reality (VR), and Augmented Reality (AR) solutions are anticipated to substantially contribute while responding to the COVID-19 pandemic and address continuously evolving challenges. The existing situation owing to the outbreak of the epidemic will inspire pharmaceutical vendors and healthcare establishments to improve their R&D investments in AI, acting as a core technology for enabling various initiatives. The insurance industry is expected to confront the pressure associated with cost-efficiency. Usage of AI can help in reducing operating costs, and at the same time, can increase customer satisfaction during the renewal process, claims, and other services. VR/AR can assist in e-learning, for which the demand will surge owing to the closure of many schools and universities. Further, VR/AR can also prove to be a valuable solution in providing remote assistance as it can support in avoiding unnecessary travel. The report will account for Covid19 as a key market contributor.

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.

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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.

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.

Communication networks can play a critical role in enterprises’ business expansion initiatives in the current competitive environment by enabling online customer interaction, among other benefits. As such, the key players in the market offer advanced network management systems that assist enterprises in optimizing network availability in real time, curbing total revenue losses, and increasing employees’ productivity.

Software-Defined Networking (SDN) is one of the emerging technologies getting popular among enterprises all over the globe in line with evolving storage and computing needs. Spiraling demand for SDN monitoring tools that are capable of preventing unplanned failures and providing fault detection and correction management capabilities in real time is likely to propel the market over the forecast period.

The prominent players in the market include SolarWinds Inc.; IBM Corporation; Broadcom, Inc. (CA Technology); Riverbed Technologies, Inc.; Cisco Systems, Inc.; BMC Software, Inc.; Nokia Corporation; Oracle Corporation; Paessler AG; VIAVI Solutions, Inc.; NetScout Systems, Inc.; Colasoft, Inc.; Huawei Technologies Co. Ltd.; Hewlett Packard Enterprise Company; Juniper Networks, Inc.; and Dell Technologies, Inc.

All these market players are emphasizing on enhancing their product portfolios and strengthening their overall customer base by introducing innovative NMS compatible with 5G standards. For instance, in 2016, Nokia Corp. introduced NetAct Cloud network management option, especially for the upcoming 5G technology, so that operators would be able to implement new features rapidly and at lower costs without having to upgrade the entire network system.