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Network Management System (NMS) Market Overview
The global Network Management System (NMS) market size is forecast to reach $13.4 billion by 2027, growing at CAGR 8.7% from 2022 to 2027. Network Management System (NMS) helps the network managements in administering, managing, and operating a data network, by collecting and analysing the data, which aids in enhancing the network provisioning, network configuration, performance, reliability, and security level. The growth of network management system market is mainly attributed to the growing data security threats and data traffic along with increasing penetration of 5G network. Furthermore, increasing investment on building new data centers to manage the rapidly growing amount of data, triggers the growth of network management system industry. Apart from that, higher adoption rate of cloud, AI, ML, IoT across industries leads towards a higher adoption rate of various NMS solutions including network fault management, network cloud monitoring, unified network management and others. In addition, this technology not only minimizes the data security risk, but also saves time, money, enhances the network productivity while reducing the overall business disruption. Hence, the above-mentioned factors will drive the growth of this market during 2022-2027.
Network Management System (Nms) Market Segment Analysis – By Deployment Type
By deployment type, the NMS market is segmented into On-premise and Cloud. Cloud-based network management system is expected to grow at a fastest CAGR of 9.7%, during the forecast period 2022-2027. Increasing investments for the development of cloud infrastructure coupled with rapid digitalization and high penetration of IoT across industries are driving the growth of this market. The above-mentioned factors are playing a major role in the shift from on-premise to cloud, as cloud-based systems are more cost effective, easily accessible, highly flexible and many more. In February 2021, Digilock launched 6G smart lock product line with cloud-based network management system to create an intelligently networked ecosystem built on time-tested security architecture. Such developments will accelerate the adoption rate of Network Management System (Nms) technology, thereby driving the growth of this market during the forecast period 2022-2027.
Network Management System (Nms) Market Segment Analysis – By End-user Industry
Based on end-user industry, Network Management System (Nms) Market is segmented into Healthcare, BFSI, IT and Telecommunication, Public & Government, Military & Defence, Transportation & Logistics, Retail & E-Commerce, General Manufacturing, Service Providers and others. According to Network Management System (Nms) Market report of IndustryARC, service providers segment is analysed to witness significant growth with a CAGR of around 10.2% during the forecast period 2022-2027. Service provider segment is further segmented into telecom service provider, cloud service provider, managed service provider and others. Network management system helps the service providers in managing, analysing and optimising the network infrastructure. This technology also provides security support to the services, provides against the malware, DDoS attacks and other security threats. Such factors create ample growth opportunities for this market. To meet such high demand many companies are launching new products to enhance their market share. For instance, in February 2020, Nokia announced about the launch of its new solution, Nokia Network Operations Master, to provide highly automated and scalable software to the communication service providers (CSPs), for managing their 5G networks. Such developments will create a positive impact on the growth of this market during 2022-2027.
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Network Management System (Nms) Market Segment Analysis – By Geography
North America dominated the market with around 33% Network Management System (Nms) market share in 2021, and is estimated to grow at a CAGR of around 8.37% during the forecast period 2022-2027, due to the early adoption of this technology, high investment and penetration of on advanced technologies such as AI, ML, IoT, 5G, Cloud and others; growing focus on development of cloud infrastructure and presence of large number of data centers in this region. In February 2020, Microsoft announced their $1.1 billion investment plan to drive the digital transformation in Mexico over next five years and setting up a new cloud data-center in Mexico. Such investments on data centers will affect the growth of this market, as this system helps the data center in avoiding the down times risks and to enhance the performance efficiency. Furthermore, increasing data security threats and the presence of prominent market players in this region are working as major driving forces. The market players of this region are taking various steps to expand their business that creates ample growth opportunities for this market. In March 2021, Innovaccer, a leading provider of healthcare technology, launched a new provider network management solution for assisting the healthcare payers in accessing the complete view and exercise control over their provider network performance. Such developments will drive the growth of this market in this region during the forecast period 2022-2027.
Network Management System (Nms) Market Drivers
Increasing investments on Data centers will drive the growth of this market:
One of major drivers for Network Management System (Nms) market is the increasing investment for the development of data centers. Due to increasing adoption of cloud services, IoT, increasing data security concerns, and huge amount of data collection, the demand for data center is rising and to meet the demand, old and new market players are investing heavily for the development and set up of new data centers. In July 2019, Equinix, Inc. launched its 11th Data center named TY11 in Tokyo, Japan. In July 2020, Yotta launched Asia’s largest Tier-IV data center Yotta NM1 in Mumbai. This type of investments on data centers acts as a growth driver for network Management System (Nms) market, as the Nms helps in virtualization of networks in datacentres, monitoring and managing the networks, reducing the downtime, enhancing the performance level and improving the data security level. Hence, the above-mentioned factors will drive the demand for this technology. In August 2020, Arista Networks announced about the launch of a new enterprise-grade Software-as-a-Service (SaaS) offering CloudVision as-a-Service, a fully managed software service that works as a consistent management plane across data centers. It also helps the customers in achieving faster time-to-value, elastic scaling, and continuous network assurance. Such developments enhance the growth of this market.
Strategic steps taken by the market players will fuel the growth:
The players of this market are taking more strategic steps for the expansion of the market through new product launches, acquisition, investments and others, which is set to drive the growth of Network Management System (Nms) market during the forecast period 2022-2027. In August 2020, Valeo Networks, a division of Saalex Corporation and an industry-leading Managed Security Service Provider (MSSP), had acquired Eureka, a California-based managed service provider, Network Management Services (NMS). This acquisition helped MSSP in expanding their footprint in Western region. In February 2021, Matellio introduced Apollo, an AI-based network management system to simplify and streamline the network operations. This product is equipped with intelligent capabilities that helps the businesses to handle a wide-variety of network glitches without human intervention. Hence, these types of strategic developments taken by the market players are analysed to boost the growth rate of Network Management System (Nms) market during the forecast period 2022-2027.
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Network Management System (Nms) Market Challenges
Associated Cost and Lack of Awareness are harming the growth of this market:
All though the Network management system (Nms) market is growing rapidly, but the associated cost and the lack of awareness are creating hurdles for the growth of this market. The growing penetration of IoT, higher data security threats create a huge demand for this system but the associated cost is really high, which is a major drawback for this market. Apart from that, lack of awareness is also a major challenge faced by this industry. Hence, the above-mentioned factors will hamper the growth of this market during the forecast period 2022-2027.
Network Management System (Nms) Market Landscape
Partnerships and acquisitions along with product launches are the key strategies adopted by the players in the Network Management System (Nms) Market. As of 2021, the market for Network Management System (Nms) industry outlook is consolidated with the top market players. Network Management System (Nms) top 10 companies are
1. Alcatel Lucent S.A
2. Cisco Systems, Inc.
3. International Business Machines Corporation
4. The Hewlett-Packard Company
5. Aruba Networks, Inc.
6. CA Technologies, Inc.
7. Dell Inc.
8. BMC Software, Inc.
9. SolarWinds Worldwide, LLC
10. Paessler AG
Acquisitions/Technology Launches/Partnerships
In January 2021, Cambium Networks announced about the launch of its new cloud-first wired and wireless network management systems to increase the customer satisfaction level by improving efficiency and insight to critical network performance indicators.
In May 2021, Moxa, a leading provider of network infrastructure solutions, introduced MXview Wireless add-on module for MXview industrial network management software to fulfil the different requirements of both static and dynamic wireless applications in smart manufacturing.
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Key Takeaways
North America held the major market share in 2021 and is estimated to witness the significant growth during 2022-2027, owning to early adoption of this technology, higher investments on advanced technologies and the presence of prominent market players in this region.
The market of Network Management System (Nms) is estimated to witness significant upsurge during the forecast period, owing to the growing investments on data centers.
This industry is consolidated with top market players including Alcatel Lucent S.A, Cisco Systems, Inc., International Business Machines Corporation, The Hewlett-Packard Company, Aruba Networks, Inc. among others
Relevant Report Titles:
Unified Network Management Market – Forecast (2022 – 2027)
https://www.industryarc.com/Research/Unified-Network-Management-Market-Research-500589
Network Management Market – Forecast (2022 – 2027)
https://www.industryarc.com/Report/18700/network-management-market.html
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