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Network Management System Market by Component, Deployment Type, End-Users, Organization Size And Region - Global Forecast to 2023

Network Management System Market: Global Forecast until 2023

  • October 2018
  • 163 pages
  • ID: 2780381
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In-depth visibility into network security is a main increase driver for the overall Network Management System market

The overall NMS market size is forecasted to grow from ~$6.2B in 2018 to ~$10.2B by 2023, at a Compound Annual Increase rate of 10.60 percent during the forecast period. The main increase drivers for the industry contain exhaustive visibility into network security, the need of maintaining Quality of Experience and Quality of Service, overall increase of network infrastructure, and better optimization of business operations. Nevertheless, the availability of free network management tools may restrain the market increase.

Large enterprises segment is intended to hold the most important sector size during the estimate period

On the basis of organization size, the significant enterprises segment is forecasted to hold the most important industry size in the NMS market during the outlook period.Important enterprises, data centers, and service providers have quickly started deployment of network management tools over networks to manage and analyze the network traffic and protect it against security attacks, including malware, Distributed Denial of Service, botnet, viruses, and worms.

NMS solutions help big enterprises in improving the network performance, optimizing the network, reducing the operational costs and agile business processes, and minimizing the infrastructure complexity, thus gaining traction.

Banking, Financial Services, and Insurance vertical is anticipated to hold the biggest sector size during the estimate period

On the basis of verticals, the Banking, Financial Services, and Insurance vertical is anticipated to hold the biggest industry size in the NMS market during the outlook period.The vertical comprises a variety of institutions, which include banking, insurance, securities, and finance.

These institutions face distinctive challenges, which have economical risks, including loss of financial data and customer information for internal and external transactions in case of network failure. These networks are exposed to threats because of tampering of networks or cyber-attacks, which may lead to the entire network failure or cause instability to finances. 24*7 network connectivity and flawless network availability are crucial, which can be achieved by continually monitoring and analyzing the required network, thus overcoming the distinctive challenges. Therefrom, NMS solutions play a crucial role in the BFSI vertical.

Asia-Pac to grow at the highest compound annual growth rate (CAGR) during the estimate period

Asia Pacific (APAC) is anticipated to provide significant increase opportunities for vendors of NMS during the outlook period.The territory demonstrates a combination of high increase, developing economies, and mass adoption of mobile and internet.

Quick advancements in network infrastructure, cloud computing, telecom, and IoT have encouraged different enterprises to take NMS. With the growing pressure to accomplish greater business agility, more IT organizations in Asia-Pacific are planning to adopt the NMS system in their business environment to function properly, improve operational efficiency, and reduce cost.

Comprehensive interviews were managed with Chief Executive Officers, marketing directors, innovative products and technology directors, and executives from numerous main institutions operating in the NMS market.

The breakup of the profiles of the primary participants is presented below:

• By Organization: Tier 1 - 27.0 percent, Tier 2 - 38.0 percent, and Tier 3 - 35.0 percent

• By Description: C-suite - 47.0 percent, D-level - 49.0 percent, and Others - 4.0 percent

• By Area: North America continent - 37.0 percent, Europe (EU) - 28.0 percent, Asia-Pac - 29.0 percent, and rest of the world - 6.0 percent

Segment Research

The document breaks down the overall NMS market by component (solutions and services), , deployment type, organization size, consumers (service providers and verticals), and localities. It has An in-depth study of the main industry actors to offer business insights into their business overviews; services; top strategies; new service launches; alliances, strategic agreements, and collaborations; business developments; and the competitive landscape combined with the overall NMS market.

Reasons to Buy the Report

The market research would benefit the market top players/new sector entrants in these ways:

• It comprehensively segments the NMS market and offers the best approximations of the revenue data for the global market and its sub-segments across main regions.

• It would benefit partners distinguish the pulse of the sector and offer info on the main market drivers, market restraints, opportunities, and alternatives.

• It would benefit partners comprehend their players better and acquire additional insights to improve their positions in the sector. The competitive outlook section includes competitor landscape, new service developments, alliances, and acquisitions.

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