Network Management Software Market By Deployment Type (On-Premises, Cloud-based), End-User Industry (IT & Telecom, BFSI, Government & Defense, Healthcare), Application (Network Monitoring, Network Performance Management, Security Management), & Region for 2024-2031

Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format

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Network Management Software Market Valuation – 2024-2031

Okay, so the thing is, networks are getting seriously complicated these days. Everyone's using cloud stuff, the Internet of Things (IoT), and even SDN to make things work better. But all this cool tech turns networks into these giant, interconnected puzzles! You can't just manage that with old-school manual methods – it's a recipe for disaster. That's where network management software comes to the rescue. It's got everything you need to keep an eye on how your network's doing, spot problems before they happen, fix them fast, and make sure resources are used wisely. Basically, it automates the boring stuff and gives you the insights to keep your network humming, even with all the craziness. And get thisAccording to some analyst at Market Research, the Network Management Software market is predicted to hit 20008.56 USD Million, a huge jump from 10485.32 USD Million in 2023.

Okay, so the buzz around cybersecurity isn't just a worry, it's actually fueling the network management software market! As those cyberattacks get smarter and more focused, companies are feeling the heat to really beef up their network defenses. That's where network management software comes in, offering cool security features like vulnerability assessments, intrusion detection, and even real-time threat monitoring. These tools help businesses spot and stop potential problems before they become disasters. Plus, it makes it easier to set access rules and divide up the network, which makes the whole system more secure. Basically, it's becoming a must-have for businesses trying to stay safe out there, giving them a complete picture of what's happening on their network and letting them put strong security measures in place. All this demand is causing the market to jump, leading to a CAGR of 9.28% from 2024 to 2031.

Network Management Software MarketDefinition/ Overview

Network Management Software(NMS) serves as the central nervous system for managing and controlling the complex web of devices, applications, and connections that make up a contemporary network. It provides network managers with a comprehensive toolkit for monitoring network health, optimizing performance, and troubleshooting problems rapidly. NMS accomplishes this by using several protocols, such as SNMP (Simple Network Management Protocol), to collect real-time data from network devices such as routers, switches, and firewalls. This data includes a variety of parameters, such as device availability, bandwidth use, and error rates.

Once collected, NMS displays this data in a user-friendly and unified dashboard, allowing administrators to acquire a comprehensive understanding of their network’s overall health. Administrators can detect the exact location of potential faults within the network infrastructure using NMS functions such as network mapping and topology visualization. Furthermore, NMS provides a powerful warning system that alerts administrators to crucial events such as outages, performance bottlenecks, and security concerns. This real-time notification enables preemptive troubleshooting while reducing downtime.

NMS goes beyond monitoring by providing advanced capabilities that improve network performance and automate mundane operations. Administrators can use NMS to remotely configure network devices, automate network configuration changes, and set traffic-shaping policies to prioritize key applications. This automation improves network management operations, minimizes human error, and frees up administrators’ time for more strategic activities. Network Management Software enables enterprises to maintain a strong and efficient network by providing a centralized platform for monitoring, troubleshooting, and optimization, resulting in smooth operation and an optimal user experience.

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What are the Drivers Encouraging the Adoption of Network Management Software?

So, what's making everyone jump on the Network Management Software (NMS) bandwagon? Well, it's all about needing a smarter, more hands-off way to run things. First off, networks are getting seriously complicated! As businesses pile on cloud services, the Internet of Things (IoT), and Software-Defined Networking (SDN) to work better and do more, their networks become these crazy jungles of connected devices and apps. Trying to manage all that stuff by hand is just asking for trouble – it's tough and mistakes happen. That's where NMS comes init pulls everything together and automates how you manage the network, so managers can actually keep an eye on even the most complicated setups.

Cybersecurity worries are really pushing folks towards adopting NMS solutions. The way threats are evolving, with those sneaky and targeted cyberattacks popping up all the time, means businesses have to beef up their network defenses. NMS is a big help here, offering a complete package of security goodies. Think vulnerability checks, spotting intruders, and keeping a watchful eye on threats as they happen. This lets companies get ahead of the game and stop breaches before they cause trouble. Plus, NMS simplifies setting up access rules and dividing up networks, giving security a serious boost. Essentially, NMS is becoming a must-have for companies trying to survive today's tricky cybersecurity scene; it gives them a bird's-eye view of what's going on and allows managers to put really strong security protocols in place.

Think of it this wayNetwork Management Systems (NMS) are becoming essential because everyone's chasing better, faster networks. In our digital world, how well your network runs directly impacts how efficiently your company works and how happy your users are. With NMS, you can really dig into your network's performance, seeing things like bandwidth use and latency. This gives administrators the power to spot problems, tweak resources, and make sure everything runs smoothly, especially for those critical applications. Plus, NMS can automate those boring, repetitive tasks like configuring devices and managing traffic. This not only makes network management easier but also gives your IT team time to focus on more important, strategic projects. For companies wanting to stay ahead of the curve, NMS is a game-changer, helping them get the most out of their network's performance and efficiency.

Will Security Concerns Affect the Growth of the Network Management Software Market?

Security concerns are a significant challenge that may hamper the growth of the Network Management Software (NMS) industry. As NMS grows more important to network operations, it will undoubtedly become a more appealing target for hackers. Successful assaults on NMS could provide attackers with unauthorized access to large network infrastructure, allowing them to steal sensitive data, interrupt key processes, or launch other attacks from within the compromised network.

The very purpose of Network Management Systems (NMS) – collecting and digging through tons of network info – actually creates a new security headache. Think about itNMS grabs super sensitive stuff like network traffic, how your devices are set up, and even what users are doing. If this data isn't locked down tight, bad guys could snag it, leading to serious data breaches and privacy nightmares. And get this, the security of the NMS itself is key! Weak spots in the NMS are like unlocked doors, letting intruders waltz into the network and grab all that juicy data. Staying on top of security updates for the NMS software is a must, but that means constantly watching things and having trained IT folks on hand.

So, using NMS solutions in the cloud? It's not exactly a walk in the park. Think about itnow your NMS data lives in the cloud, meaning it's under the security umbrella of your cloud provider. If you're thinking about going this route, you absolutely need to dig into how secure these providers really are to make sure your data is safe and sound. The tricky part is finding the sweet spotrobust security that doesn't make the NMS too clunky to use. Too much security, and it's a pain; not enough, and you're basically leaving your network open to attackers. Figuring all this out will be key to seeing Network Management Software continue to grow and be useful down the road.

Category-Wise Acumens

How is the Demand for Robust Cybersecurity Driving NMS Adoption with Advanced Security Features?

According to analysis, security management is expected to dominate the application segment in the market. The growing demand for robust cybersecurity is driving the Network Management Software (NMS) market, particularly for solutions with enhanced security management capabilities. This increase in demand can be attributable to several major issues that are fundamentally changing the cybersecurity landscape.

The cyber threat landscape is continually changing, with cyberattacks becoming increasingly complex and targeted. Traditional security methods frequently fail to keep up with these changes, making organizations susceptible. NMS with additional security features provides a comprehensive set of capabilities for combating these developing threats. These capabilities include vulnerability evaluations, intrusion detection, and real-time threat monitoring. Organizations can utilize these functionalities to proactively identify and remediate potential security breaches before they cause major damage. This proactive approach to cybersecurity is becoming increasingly important for enterprises in today’s threat landscape, prompting them to look for NMS solutions that prioritize security management.

Let's face it, with the sheer amount of data businesses handle these days – collecting, storing, and moving it all around – you absolutely need strong security. That's where Network Management Systems, or NMS, with their security tools, become super important. Think of NMS as giving you a bird's-eye view of everything happening on your network. It helps you spot anything weird that might signal a security problem by doing things like watching what users are up to and using data encryption. This deeper understanding lets you tighten up who can access what and even break your network into smaller, safer segments, improving your overall security. Since data is really the heart of any modern business, keeping it safe is a must. That's why NMS solutions with top-notch security features are looking more and more attractive to companies wanting to protect their most valuable data.

Which Factors are Influencing the Growth of IT & Telecom Sector in the End-User Segment in the Market?

Our analysis shows that the IT & Telecom sector will likely be the biggest user of these solutions. Think about itIT and telecom are basically the backbone of everything digital! They're responsible for everything from how we communicate and share data, to powering those cloud services and online shopping we all love. So, if their networks hiccup – even a little bit – it can cause major headaches, like disrupted services, lost revenue, and unhappy customers. That's why NMS is so crucial for them. It gives these companies the power to keep a constant eye on their network's health, quickly find and fix any issues, and boost overall performance. By keeping their networks stable and running smoothly, IT and telecom businesses can offer reliable services and stay ahead of the game. This deep dependence on a rock-solid network is why there's such a huge demand for NMS solutions in the IT & Telecom world.

The IT and telecom worlds are always changing, embracing cool new stuff like cloud computing, Software-Defined Networking (SDN), and the Internet of Things (IoT). While these advancements are awesome, they also make our networks way more complicated. The old ways of managing networks just can't keep up. That's where NMS comes to the rescue, acting as a central hub for managing all that tangled network infrastructure. For IT and telecom companies, NMS can do things like map out their networks, monitor performance in real-time, and even automate configurations. This gives them total visibility into what's going on, makes running the network a lot easier, and helps them use resources wisely. As we keep adopting new tech, the need for NMS systems that can handle all the extra complexity will only grow, pushing the market forward.

Think about itthe IT and telecommunications industries are sitting on a mountain of valuable information – everything from customer details to financial records and the backbone of our infrastructure. That makes them a HUGE target for cyberattacks. And the consequences? We're talking serious data breaches, services going dark, and reputations getting trashed. Luckily, NMS with enhanced security features is stepping up to help IT and telecom companies build stronger defenses. We're talking about things like figuring out where the weaknesses are (vulnerability assessments), catching intruders in the act (intrusion detection), and keeping an eye on threats as they happen (real-time threat monitoring). NMS lets them get ahead of the game, spot and stop threats, set up smart access controls, and divide their networks to limit the damage. All this leads to a much better security setup. And as cyberattacks get sneakier and more complex, the need for top-notch security solutions in the IT & Telecom world is really fueling growth in the Security Management segment within the NMS market.

Gain Access to Network Management Software Market Report Methodology

Country/Region Wise Acumens

How will Growing IT Spending by Small & Medium-Sized Businesses in Asia Pacific Influence NMS Adoption?

The Asia Pacific region is really booming in the market, according to recent analysis! It seems SMBs in Asia Pacific are catching on to how important technology is for boosting business growth and getting more efficient. They're jumping on the bandwagon with cloud solutions, using online collaboration tools, and expanding their digital footprint. But all this new tech means they really need solid network management to keep things running smoothly and avoid problems that could mess up customer service and productivity. That's where NMS comes in – it's a cost-effective and easy-to-use way for SMBs to keep an eye on their network, spot and fix problems early on, and get the most out of their network performance. Essentially, NMS gives SMBs the tools they need to successfully manage their IT infrastructure and really benefit from all that tech they're investing in.

The Asia Pacific region’s regulatory standards are growing increasingly demanding, notably in terms of data security and privacy. Small and medium-sized businesses that handle customer data or financial information must follow these requirements. NMS with security capabilities such as intrusion detection and access control enables SMBs to strengthen their network defenses while also demonstrating compliance with data protection standards. The growing pressure to comply with shifting regulations, combined with increased awareness of cybersecurity concerns, is driving demand for NMS solutions among SMBs in Asia Pacific.

The rise of cloud-based NMS systems, as well as the expanding presence of Managed Service Providers (MSPs), are driving NMS adoption among SMBs. Cloud-based NMS reduces the need for initial hardware investment and extensive software installations, making it a more accessible choice for small and medium-sized businesses with limited IT resources. MSPs provide expertise in administering NMS solutions, allowing SMBs to reap the benefits of NMS without overburdening their IT teams. This combination of cloud-based accessibility and managed service choices makes NMS an appealing proposition for SMBs in the Asia Pacific region, contributing to the NMS market’s rapid expansion.

What Factors Enable North America to Hold a Major Share in the Network Management Software Market?

Looks like North America is set to hold onto its big piece of the market pie between 2024 and 2031, according to our analysis. Think about ityou've got some of the biggest tech companies in the world calling North America home. They're always pushing the envelope with stuff like cloud computing, SDN, and the Internet of Things. All that cool tech? It makes networks seriously complicated. And those old-school ways of managing networks? They just can't keep up. That's where Network Management Systems (NMS) come in – they're like a superpower, offering one place to manage all that craziness. And since these digital giants are constantly investing in rock-solid networks to keep things running, they're creating a massive demand for those advanced NMS solutions, which is really fueling the North American market.

Hey, in North America, we take data privacy pretty seriously! We've got some tough rules like HIPAA (for healthcare) and PCI DSS (for credit card info). So, businesses have to really focus on keeping data safe. That's where a good NMS – you know, a Network Management System – comes in. If it's got cool security features, it's a lifesaver. Think things like checking for weaknesses, spotting intruders, and keeping an eye on threats as they happen. Basically, an NMS helps businesses stay ahead of the game, lock down access, and split up their networks for better security. Because of all these strict rules, everyone needs these advanced NMS tools, and that's why the NMS market here is booming!

North America has a well-developed IT infrastructure, including vast networks of fiber-optic cables, high-speed internet connectivity, and widespread use of broadband services. This sturdy architecture serves as a solid platform for the implementation and operation of advanced NMS solutions. Unlike certain emerging nations, which may struggle with legacy infrastructure, North America’s robust IT infrastructure enables enterprises to fully utilize NMS functions. The compatibility of NMS systems with existing infrastructure ensures a seamless adoption process and drives market expansion in North America.

Competitive Landscape

The Network Management Software Market is highly competitive, with a mix of established global competitors and new domestic manufacturers. Major international firms dominate the industry, providing full NMS systems with advanced features. However, regional players are gaining traction by catering to specific needs in their local markets and providing competitive pricing structures. This combination of established brands and new domestic enterprises creates a dynamic market environment, with ongoing technical improvements and changing client expectations at the center.

Some of the prominent players operating in the network management software market include

SolarWinds, IBM, Microsoft, Cisco, Hewlett Packard Enterprise (HPE), Broadcom (CA Technologies), ManageEngine, Paessler AG, Datadog, OpsRamp.

Latest Developments

  • In August 2023, Broadcom finalized its acquisition of CA Technologies, creating a giant in the enterprise software market. This acquisition strengthens Broadcom’s network management portfolio, particularly in areas like security and automation.
  • In April 2022, Microsoft announced the general availability of Azure Network Watcher, a cloud-based network monitoring and troubleshooting tool. This move signifies the growing importance of cloud-based network management solutions.
  • In June 2021, ManageEngine, a leading provider of IT management solutions, launched its AIOps platform, integrating machine learning and automation capabilities into its network management software. This highlights the trend of AI becoming a key driver in network management.
  • In November 2020, SolarWinds suffered a major cyberattack that compromised its Orion network management platform. This event underscores the critical need for robust cybersecurity features within NMS solutions.
  • In February 2020, The COVID-19 pandemic disrupted traditional work models and accelerated the adoption of cloud-based network management solutions. This trend is driven by the need for remote network monitoring and management capabilities.

Report Scope

REPORT ATTRIBUTESDETAILS
Study Period

2018-2031

Growth Rate

CAGR of ~9.28% from 2024 to 2031.

Base Year for Valuation

2023

Historical Period

2018-2022

Forecast Period

2024-2031

Quantitative Units

Value in USD Million

Report Coverage

Historical and Forecast Revenue Forecast, Historical and Forecast Volume, Growth Factors, Trends, Competitive Landscape, Key Players, Segmentation Analysis

Segments Covered
  • Deployment Type
  • End-user Industry
  • Application
Regions Covered
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
Key Players

SolarWinds, IBM, Microsoft, Cisco, Hewlett Packard Enterprise (HPE), Broadcom (CA Technologies), ManageEngine, Paessler AG, Datadog, OpsRamp.

Customization

Report customization along with purchase available upon request

Network Management Software Market, By Category

Deployment Type

  • On-Premises
  • Cloud-based

End-user Industry

  • IT & Telecom
  • BFSI
  • Government & Defense
  • Healthcare

Application

  • Network Monitoring
  • Network Performance Management
  • Security Management

Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Research Methodology of Market Research

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