Latest News- Network Management System (Nms) Market: On-premises is expected to lead the Deployment segment during 2024-2028

The Network Management System (Nms) Market is being driven by Increasing demand for efficient network management

The Network Management System (Nms) Market is expected to grow at a CAGR of 10.22% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 6349.7 million. In today's business landscape, there is a notable shift towards cloud-based Network Management Systems (NMS), offering numerous advantages over traditional on-premises solutions. These benefits include reduced costs, enhanced scalability, and streamlined deployment. Furthermore, the integration of Artificial Intelligence (AI) and Machine Learning (ML) technologies in NMS solutions has revolutionized network analytics, enabling automated network management and predictive maintenance. Cloud-based NMS solutions are hosted on remote servers and accessed via the internet, necessitating robust network infrastructure. By implementing an advanced NMS, organizations can ensure the reliability and accessibility of cloud-based services while mitigating potential security risks and data loss. As networks become increasingly intricate, it is essential for businesses to leverage sophisticated tools to effectively manage and monitor their network infrastructures. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Deployment
  • On-premises
  • Cloud
• End-user
  • Large enterprises
  • SMEs
• Geography
  • North America
    • US
  • APAC
    • China
    • India
  • Europe
    • Germany
    • UK
  • South America
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increasing demand for efficient network management
• Rise of cloud computing
• Collaboration and partnership among vendors

However, the market also witnesses some limitations, which are as follows:

• Rising complexity of modern networks
• Increasing cybersecurity threats
• Shortage of skilled network administrators and engineers

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Market Scope in Network Management System (Nms) Market Research Report

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Research Analysis Overview

The Network Management System (NMS) market encompasses solutions for securing, optimizing, and managing business operations of networks, including switches and routers. Control plane technologies enhance network behavior in data centers and branch networks. NMS caters to enterprises, SD WAN, transportation and logistics, and data center components. AI and ML, 5G networks, and cloud services adoption are driving factors. On-premises NMS and cybersecurity threats are key concerns. Networking, storage, and online collaboration tools are integral components. NMS adoption rate increases due to the need for efficient management of network security and business operations in various sectors.

Market Research Overview

The Network Management System (NMS) market is a segment of the larger global communications equipment market, encompassing manufacturers of network security solutions, optimization software, and hardware components such as switches and routers. According to Technavio, the communications equipment market size is determined by the revenue generated from the sale of network equipment, broadcasting equipment, telecommunication equipment, and infrastructure investments. Factors driving growth in this market include the expanding number of data centers and the subsequent demand for advanced network management systems to ensure business continuity and optimize operations in the data plane and control plane. These systems enable efficient communication between various network elements, enhancing overall business productivity.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
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