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Network Management System (NMS) Market Growing at a CAGR 9.5% | Key Player Cisco, IBM, Solarwinds, Nokia, Juniper Networks

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Network Management System (NMS) Market Growing at a CAGR 9.5% | Key Player Cisco, IBM, Solarwinds, Nokia, Juniper Networks

July 22
20:58 2020
Network Management System (NMS) Market Growing at a CAGR 9.5% | Key Player Cisco, IBM, Solarwinds, Nokia, Juniper Networks

Cisco (US), IBM (US), Huawei (China), Juniper Networks (US), Nokia (Finland), SolarWinds(US), CA Technologies (Broadcom) (US), NETSCOUT (US), Riverbed Technology (US), Micro Focus (UK), Ipswitch (Progress) (US), BMC Software (US), ExtraHop Networks (US), Colasoft (China), Flowmon Networks (Czech Republic), ManageEngine (US), LiveAction (US),
Network Management System (NMS) Market by Component (Platform, Solutions, and Services), Deployment Type (Cloud and On-premises), End-Users (Verticals and Service Providers), Organization Size, and Region – Global Forecast to 2024

MarketsandMarkets expects the global Network Management System (NMS) Market size to grow from USD 7.0 billion in 2019 to USD 11.0 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 9.5% during the forecast period NMS solutions deliver value to network operations by collecting, monitoring, and analyzing networks’ data, which help IT administrators handle network infrastructure effectively. In a nutshell, network management solution assists businesses to identify and detect performance issues over network infrastructure, while keeping track on network outage and degradation. The key network management solutions include network performance and monitoring, network configuration management, cloud monitoring, Software-defined Networking (SDN) control, and virtualization monitoring.

Network performance and monitoring segment to record the highest growth rate during the forecast period

Under the solution segment, network performance and monitoring segment is expected to grow at the highest growth rate during the forecast period. Organizations of any size, such as SMEs and large enterprises, are investing heavily in network performance and monitoring solutions to ensure zero network outage and streamline network operations. Network performance and monitoring solutions offer a range of features, such as network performance, network traffic monitoring, bandwidth monitoring, network troubleshooting, health monitoring, network discovery, network mapping, network capacity planning, fault management, Class-Based Quality of Service (CBQoS), Network-Based Application Recognition (NBAR), NBRA2, alarms, real-time monitoring, traffic shaping, flow analysis, network visualization, intelligent alerting, in-depth network performance, and intelligent mapping.

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Service providers to record the highest CAGR during the forecast period

In the NMS market by end-user, service providers are expected to register the highest CAGR during the forecast period. There is an increasing trend of the adoption of NMS solutions by telecom and cloud service providers to manage, analyze, and optimize the entire network infrastructure. The advanced NMS solutions can support better network capacity planning and network management features, as well as provide security against malware and DDoS attacks. Such critical factors are expected to drive the demand for NMS solutions among service providers.

Key and emerging market players include Cisco (US), IBM (US), Huawei (China), Juniper Networks (US), Nokia (Finland), SolarWinds (US), CA Technologies (Broadcom) (US), NETSCOUT (US), Riverbed Technology (US), Micro Focus (UK), Ipswitch (Progress) (US), BMC Software (US), ExtraHop Networks (US), Colasoft (China), Flowmon Networks (Czech Republic), ManageEngine (US), LiveAction (US), Paessler AG (Germany), SevOne (US), Cubro Network Visibility (Austria), Kentik (US), VIAVI Solutions (US), Accedian (Canada), Kaseya (US), HelpSystems (US), Extreme Networks (US), AppNeta (US), Ericsson (Sweden), eG Innovations (US), and Opmantek (Australia).

 SolarWinds(US) caters to a wide customer base in the regions of the Americas, EMEA, and the Asia Pacific. The company is a leading provider of powerful and affordable IT infrastructure management software. Its product portfolio comprises network management, system management, database management, IT security, cloud monitoring, and IT help desk. SolarWinds offers its IT infrastructure management software to over 250,000 customers, globally. Its customers range from large enterprises to SMEs, managed service providers, educational institutes, and government agencies.  In 2018, the company’s total R&D spending accounted for USD 0.1 billion. This spending on R&D has inevitably helped SolarWinds remain a distinguished player in the NMS market. The company focuses on adopting inorganic growth strategies. For instance, SolarWinds acquired Loggly, Inc., a provider of cloud-based log monitoring and log analytics software, to deepen its cloud-software engineering and analytics expertise.

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Nokia (Finland) is one of the biggest players focusing on the emerging concept of network management and network analytics The company operates in more than 130 countries across Europe, MEA, APAC, North America, Greater China, and Latin America. Nokia offers best-in-class tools for network assurance, troubleshooting, system administration, software management, and application delivery and configuration management. The company helps enterprises evolve their network management strategy to address technology evolution, constant network growth, and changing service demands.  Its network management portfolio enables organizations to use the power of virtualization, automation, and analytics to manage any traditional or cloud-based network efficiently. The company focuses more on product launches and developments, which would enable it to expand its product portfolios of NMS. For instance, in 2019, the company has made a substantial contribution to its R&D activities by investing approximately USD 5.5 billion.

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