Network Management Systems Market Worth $11.94 Billion by 2025: Grand View Research, Inc.

Network Management Systems Market Worth $11.94 Billion by 2025: Grand View Research, Inc.

PR Newswire

SAN FRANCISCO, Feb. 7, 2019

SAN FRANCISCO, Feb. 7, 2019 /PRNewswire/ --

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.

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Key suggestions from the report:

Read 101 page research report with TOC on "Network Management Systems (NMS) Market Analysis Report By Deployment (Cloud, On-premise), By Enterprise (Large, SMEs), By Component, By Vertical (IT & Telecom, BFSI), and Segment Forecasts, 2019 - 2025" at:  https://www.grandviewresearch.com/industry-analysis/network-management-systems-nms-market

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.

Grand View Research has segmented the global network management systems market on the basis of component, deployment, enterprise, vertical, and regional:

-  NMS Component Outlook (Revenue, USD Million, 2015 - 2025)

-   NMS Deployment Model Outlook (Revenue, USD Million, 2015 - 2025)

-   NMS Enterprise Size Outlook (Revenue, USD Million, 2015 - 2025)

NMS Vertical Outlook (Revenue, USD Million, 2015 - 2025)

-   NMS Regional Outlook (Revenue, USD Million, 2015 - 2025)

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About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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