The network management system market is expected to grow from US$9.291 billion in 2025 to US$13.977 billion in 2030, at a CAGR of 8.51%.
A network management system refers to a set of applications that authorize network administrations to run the independent components of a network inside a larger network management framework. These applications can be used to monitor the software and hardware components of a network. Network management systems perform central reporting to a system administrator by recording data from the remote points of a network. These applications allow users to monitor and manage their business operations using a central computer.
The rapidly growing infrastructure globally is accounting for the growth of the network management system market during the forecast period. The heavy investments made in the research and development of network infrastructure by key players in the communication and technology industry sector are one of the prime reasons for the growth of network management system solutions in the global market. The increasing demand from companies and enterprises to enhance their Quality of Service (QoS) and Quality of Experience (QoE) is boosting market growth and surging the demand for network management system solutions among various industrial verticals. In the year 2020, Broadband Inc. announced the launch of DX NetOps which is powered by Broadband Silicon the industry’s leading high-scale operations monitoring, AI-driven analytic solution which allows network operating teams to safely deliver application experiences over SD-WAN technologies that are built on Silver Peak, VMware, and 128 Technology. The use of network management system solutions in performance monitoring to monitor the functionality of network elements has been a prime reason for the adoption of network management system solutions in the global market.
By component, the network management system market is segmented into solutions and services among which the services segment is expected to show substantial growth owing to the large-scale adoption of network management system solutions across service providers and enterprises leading to the surging demand for integration and deployment, consulting services, maintenance, support, and training services. By deployment model, the network management system is segmented into cloud and on-premise.
By enterprise size, biometrics as a service is segmented into large, small, and medium enterprises. The large enterprise is expected to show prominent growth owing to the high scale adoption and demand of network management systems in larger enterprises.
By end-user, the network management systems market is segmented into BFSI, communication and technology, manufacturing, government, retail, transportation and logistics, and others. The communication and technology segment is anticipated to show promising growth owing to the heavy adoption of network management system solutions by cloud and telecom service providers to optimize, analyze and manage the whole network infrastructure. Advanced network management system solutions can assist network management features and better network capacity planning and also provide security against DDoS attacks and malware.
Geographically, the North American region is anticipated to show substantial growth in the network management system market owing to the widespread adoption of network management system solutions and rapidly growing infrastructure helping them to facilitate advanced network management and virtualize their IT infrastructure.
One of the major reasons for the growth of network management systems is the global growth of network infrastructure. As network management is an important prospect for businesses and plays a vital role in business operations managing network infrastructure is a prime aspect of digital business with enterprises and organizations making heavy investments in modern network infrastructure technologies such as IP networks, Network Functions Virtualization (NFV), SDN, cloud services and many more to streamline their business operations. The adoption of cloud infrastructure across the globe in recent years and the growing network infrastructure is driving the growth of the network management system market in the forecast period.
A major restraint in the growing network management system market is the lack of awareness of network management system solutions and the availability of free management tools. The availability of free network management tools which offer applications identical to those offered by licensed network management systems acts as a major hindrance to the market growth of network management systems during the forecast period. Also, the lack of awareness among enterprises and companies regarding the benefits of network management system solutions is limiting the demand and growth of network management systems in the market.
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