The availability of open-source management tools is expected to hamper the market revenue growth during the forecast period. As a result of open-source network management tools, network signals and work efficiency are affected, resulting in network disruptions. In addition, open-source tools are less expensive and can steal network data, putting data privacy and security at risk. Furthermore, cyberattacks will result in companies losing money, losing efficiency, and decreasing productivity, which is expected to hamper revenue growth of the market during the forecast period. The major driving factors of the network management market include amplified network complexity and upward implementation of virtualization.
Technology advancements have led to the adoption of a variety of software programs that help employees perform their jobs more efficiently. NMS solutions require Internet access to identify, monitor, and solve errors in networking devices. The devices also require the Internet to perform smart tasks efficiently. As a result, network management systems can help with issues such as broadband speed and cloud services, among others. Therefore, NMS is required for managing network traffic and bandwidth in order to streamline business processes.
Network Management Systems Market study provides market data by the competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; Accedian, AppNeta, BMC Software, Broadcom CA Technologies, Cisco, Colasoft, Cubro Network Visibility, eG Innovations, Networks, HelpSystems, Huawei, IBM, Juniper Networks,Kaseya, Extreme Networks, Kentik, LiveAction, ManageEngine, a Division of Zoho Corporation, Micro Focus, NETSCOUT, Nokia, Ericsson, Paessler, Progress (Ipswitch), Riverbed, SolarWinds, VIAVI Solutions.
SPER Market Research study aims to provide market dynamics, demand and supply with yearly forecast to 2030. This report provides data for growth estimates and forecasts for product type segment - By Component {Platforms (Analysing and identifying security breaches over network), Solutions (Huge investment in network infrastructures to optimize and upgrade enterprise networks), Services (Increase in adoption of network management across enterprises and service providers)}, By Solution {Network performance & monitoring (NMS swiftly monitors, detects, and diagnoses network-related issues), Cloud monitoring (Enterprises are moving from centralized management to a decentralized plane), Virtual monitoring (Emergence of micro services and containerization paved way for virtualization), Software-defined networking monitoring (Adoption of SDN monitoring tool is still in the nascent phase), Network configuration (Emergence of GDPR acts as a major driving force for the growth of network configuration), Log & event management (Enterprises use log & event management to investigate security attacks and normalize network performance)}, By Enterprise Size {Large enterprises (Optimizing network infrastructure and troubleshooting network devices drive adoption of NMS solutions), Small & medium-sized enterprises market (SMES focus on upgrading network infrastructure to improve overall productivity)}, By Deployment Mode: {On-Cloud (Low cost and ease of implementation to make cloud a highly preferred delivery model), On-Premise (Rise in issues related to network infrastructure and security to drive ON-PREMISE NMS solutions)}, By Service {Consulting services (Strong and in-depth consulting expertise important in network deployment, design, and management), Integration & deployment services (Need to enhance service delivery and manage network performance monitoring costs necessitate integration), Training, support, and maintenance services (Organizations are adopting this service due to increased operational efficiency with a lower cost)}, By Business Function (Accounting & Legal, Sales & Marketing, Procurement & Supply Chain), By End User {Service providers (Global increase in number of service providers to boost NMS market growth), Verticals (Increased need for managing and optimizing network infrastructure drives wide adoption across verticals)}, By Service Provider {Telecom service providers (Tsps. help manage the entire telecom network and improve speed, reliability, and efficiency), Cloud service providers (csps automatically detect security and monitor network infrastructure for real-time security control)}.
This report also provides the data for key regional segments of North America, Europe, Asia-Pacific and Rest of the World.
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.