The report "Network Management System
(NMS) Market by Component (Solutions (Standalone and Bundled), and
Services), Deployment Type (Cloud and On-premises), End-Users (Verticals and
Service Providers), Organization Size, and Region - Global Forecast to
2023", The global NMS market size is expected to grow from
USD 6.17 billion in 2018 to USD 10.20 billion by 2023, at a Compound Annual
Growth Rate (CAGR) of 10.6% during the forecast period. The major growth
drivers for the market include in-depth visibility into network security, the
need of maintaining Quality of Experience (QoE) and Quality of Service (QoS),
the global growth of network infrastructure, and the better optimization of
business operations.
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SMEs segment is expected to show the
highest growth rate during the forecast period
In the NMS market by organization size, the SMEs
segment is expected to show the highest growth rate during the forecast period.
Nowadays, SMEs are focusing more on NMS solutions to streamline their network
infrastructure and enhance their business functions. They are also facing
several challenges related to network management, due to the increasing
complexity of network infrastructure and the growing network traffic.
Healthcare vertical is expected to show
the highest CAGR during the forecast period
In the NMS market by vertical, the healthcare
vertical is expected to grow at the highest CAGR during the forecast period.
The connectivity to the internet has also become a must, as mobility is an
essential part of efficient and accurate care delivery. The NMS system offers
uninterrupted connectivity to healthcare specialists, thus improving their
service delivery efficiency. Moreover, certain regulatory norms, such as Health
Insurance Portability and Accountability Act (HIPAA), are also responsible for
the increasing deployment of NMS solutions in the healthcare vertical. These
regulations require the healthcare providers to protect the confidential
patient information, which is one of the major benefits of using NMS solutions.
North America is expected to hold the
largest market size duringthe forecast period
North America is expected to hold the largest
market size in the global NMS market. The region is the mature market
comprising the US and Canada. These countries dominate the global NMS market
with the developed economies, empowering them to strongly invest in Research
and Development (R&D) activities for the development of new technologies.
Key players in the global NMS market include
Accedian (Canada), AppNeta (US), BMC Software (US), CA Technologies (US), Cisco
(US), Colasoft (China), Cubro Network Visibility (Austria), ExtraHop Networks
(US), Extreme Networks (US), Flowmon Networks (Czech Republic), HelpSystems
(US), IBM (US), Ipswitch (US), Juniper Networks (US), Kaseya (Ireland), Kentik
(US), LiveAction (US), ManageEngine (US), Micro Focus (UK), NETSCOUT (US),
Nokia (Finland), Paessler (Germany), Riverbed Technologies (US), SevOne (US),
SolarWinds (US), and VIAVI Solutions (US).
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