Network Monitoring Market Size Share 2022 Growth Strategies Opportunity Challenges Rising The global network management system market size was estimated at usd 8.25 billion in 2022 and is projected to reach usd 17.67 billion by 2030, growing at a cagr of 10.1% from 2023 to 2030. Technological advancements in network technology drive the growth of the network management system (nms) market. innovations such as 5g, software defined networking (sdn), and network function virtualization (nfv) are transforming network operations, making them more complex and dynamic.
Network Management System Market Size 2023 Forecast By 2032 This research report categorizes the network management system market based on component, solution, service, deployment type, organization size, end user, service provider, vertical, and region. The growth of the network management system (nms) market is largely fueled by the increasing complexity of networks and the demand for enhanced network security. The global network management system market, valued at usd 8.25b in 2022, is projected to reach usd 17.67b by 2030, growing at a 10.1% cagr. The global network management system market size is expected to reach usd 17.67 billion by 2030, growing at a cagr of 10.1% from 2023 to 2030, according to a new report by grand view research, inc.
Network Management System Market Size 2023 Forecast By 2032 The global network management system market, valued at usd 8.25b in 2022, is projected to reach usd 17.67b by 2030, growing at a 10.1% cagr. The global network management system market size is expected to reach usd 17.67 billion by 2030, growing at a cagr of 10.1% from 2023 to 2030, according to a new report by grand view research, inc. Growing adoption of network management system (nms) by data centers to enhance performance and eliminate downtime risks, coupled with rising demand for high quality of services (qos), is. The network management system market exhibits varied growth rates and adoption trends across different regions, influenced by factors such as technological infrastructure, economic conditions, and industry dynamics. Based on component, the solutions segment dominated the market in 2022 with a revenue share of over 68.0%. various solutions offered by network management systems include configuration management, performance management, security management, fault management, and account management. Market growth is driven by several key factors, including the rising demand for efficient network management solutions, the expansion of cloud computing, and stronger collaboration and partnerships among industry players.
Comments are closed.