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Network Management System Market Trends

Report ID: GMI2981
Published Date: Jul 2023
Report Format: PDF

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Network Management System Market Trends

Organizations across various industries recognize the importance of having real-time visibility into their network performance. NMS enables administrators to monitor network traffic, identify bottlenecks, and troubleshoot issues promptly. The rise in cyber threats and attacks has emphasized the need for robust network security management. Estimates suggest that in 2021 over 1.4 million cybersecurity incidents were reported to CERT-In. This number stood at over 1.1 million in 2020. NMS solutions often integrate security features like intrusion detection, firewall management, and threat analysis, which is likely to streamline the NMS market expansion over 2023-2032.

Authors: Preeti Wadhwani, Anish Pathak

Frequently Asked Questions (FAQ) :

Market size for network management system was USD 8.7 billion in 2022 and may record over 9% CAGR from 2023 to 2032 owing to the accelerating need for remote network management in enterprises

Network management system industry from the on-premise deployment segment surpassed USD 5 billion in 2022 and may reach more than USD 12 billion by 2032 due to the rising need of organizations to prioritize data control, security, and compliance

Network management system from the IT & telecom industry vertical segment will exceed USD 4.5 billion by 2032 driven by the increasing requirement to ensure seamless network operations, optimize resource utilization, and enhance customer experience

BMC Software, CA Technologies, Cisco Systems, Hewlett Packard Enterprise (HPE), Huawei Technologies, IBM, Juniper Networks, ManageEngine, Micro Focus, NETSCOUT Systems, Nokia Corporation, and Paessler AG are some of the key network management system providers