Network Management System Market size was valued at US$ 8.40 Bn. in 2021 and the total revenue is expected to grow at 9.53 % through 2021 to 2029, reaching nearly US$ 17.40 Bn.

Network Management System Market Overview:

This study's objective is to present a thorough market segmentation by geographic regions and product types, as well as an overview of the Network Management System industry. The analysis includes major information on market positions of the top Network Management System organizations as well as significant industry trends and opportunities.

The study also includes information on the major players in the global Network Management System Market, such as company biographies, product images and specifications, production capacity, pricing, cost, and contact information. This study examines the entire Network Management System Market Size from a global perspective and makes predictions about future trends based on past data.

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COVID-19 Impact Analysis on Network Management System Market:

The COVID-19 outbreak has caused substantial changes in consumer behavior across many areas of society. On the other hand, industries will need to modify their strategies to account for changing market supply. This report offers an overview of COVID-19's impact on the market and will help you build your business in accordance with the new industry standards. The results are verified through reviews and market leaders. The secondary research and analysis of the same are done using both paid and unpaid databases. Consumption in each nation by kind and supply by each player are sourced from legitimate government databases, paid databases, and, in the case of listed firms, company annual reports.

Network Management System Market Scope:

Aftermarket engineering undertook thorough primary research that included data triangulation, market breakdown, estimates, computations of market statistics, and calculations of market size in order to gather information, validate important figures, and verify the findings. To calculate percentage splits, market shares, and segment breakdowns, weights based on usage rate and average sale price are applied to each location. Based on the stated market size's acceptance or usage in the relevant region, the global markets and their sub-segments are segmented by country. Numerous market and industry-related topics are highlighted in the research. New product launches, business expansions, partnerships, joint ventures, and acquisitions are a few examples of marketing techniques. Additionally, the key components of the market research that clearly focus on the industry landscape have all been taken into consideration when structuring this study.

Segmentation Analysis:

The global market for network management systems is further divided into solutions and services based on component. In 2021, the Solutions segment had a market share of 73%, and over the forecast period, it is anticipated to grow at the highest CAGR of 8.24%. Some of the solutions provided by NMS include security management, troubleshooting, configuration management, performance management, and accounting management. Growing worries about data security and increased need for the deployment of the system for maintaining and monitoring communication infrastructure both contribute to the Solution segment's market share growth.

The global market for network management systems is divided into two submarkets based on deployment: cloud and on-premises. 72% of the market was accounted for by the on-premises segment in 2021. On-premise solutions may be able to reduce total turnaround time (TAT) as compared to third-party managed solutions while still offering support and maintenance services in the event of failure.

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Key Competitors:

The industry placed a strong emphasis on alliances, purchases, and collaborations as inorganic growth tactics. The Network Management System Market's potential for future rapid growth means that industry participants should benefit from it. The businesses listed below make up the global Network Management System Market.

• Avaya Inc.
• Alcatel-Lucent S.A.
• IBM Corporation
• Juniper Networks Inc.
• Cisco Systems Inc.
• Aruba Network Inc.
• CA Technologies Inc.
• Netscout System, Inc.
• Solarwinds Worldwide
• LLC
• BMC Software, Inc.
• Compuware Corporation
• Huawei
• Nokia
• Riverbed Technology
• Micro Focus
• Ipswitch
• ExtraHop Networks
• Colasoft
• Flowmon Networks
• ManageEngine
• LiveAction
• Paessler AG
• SevOne
• Cubro Network Visibility

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After examining the political, economic, social, and technological aspects influencing the Network Management System Market in each of these regions, the report also includes extensive PESTLE assessments for each of the five regions—North America, Europe, Asia Pacific, the Middle East, Africa, and South America.

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