Network Management System (NMS) Market

Key players adopted various strategies, such as partnerships, collaborations, agreements, acquisitions, and new product launches, to achieve the growth in Network Management System (NMS) Market

With the advancements in digitalization and increased network infrastructure, the amount of data that flows through an organization’s network is massive. Enterprise network is becoming more complex and dynamic, due to a variety of business applications and systems running over the network. Hence, it is a critical task for a network administrator to cope with the changing network infrastructure, which includes installation, configuration, deployment, maintenance, and handling the security of network devices. MarketsandMarkets expects the Network Management System (NMS) market size 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 traditional and emerging market players 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 Technology (US), SevOne (US), SolarWinds (US), and VIAVI Solutions (US). These players have adopted various strategies, such as partnerships, collaborations, agreements, acquisitions, and new product launches, to achieve the growth in the global NMS market.

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Cisco being of a leading vendor in network management, the company provides networking related products and solutions to every line of businesses. Cisco’s plethora of networking products and services provides automation, analytics, and intelligence to networks, which help in predicting, analyzing, and mitigating risks and threats in the enterprise’s networks. In June 2017, Cisco launched new intent-based networking solutions. The new network solutions can easily recognize and mitigate threats in the networks through self-learning.

SolarWinds offers a broad range of products from a comprehensive software product to an individual software tool. These products help address a wide range of Information Technology (IT) management challenges encountered by IT and DevOps professionals. The company’s products also help them manage and monitor their networks, applications, systems, and website infrastructures. In June 2017, SolarWinds launched 2 new unified network management solutions, namely, SolarWinds Network Automation Manager and SolarWinds Network Operations Manager. Moreover, in July 2017, the company extended its distribution partnership with Tech Data Corporation, a large distributor of technology solutions, services, and products. The new distribution partnership helps SolarWinds expand its reach to the south and central American and Caribbean countries.

Related Reports:

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

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Report Code
TC 3203
Published ON
Oct, 2018
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