NETWORK MANAGEMENT SYSTEM MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024 - 2031)

Network Management System Market Size and Trends

Global network management system market is estimated to be valued at USD 10.11 Bn in 2024 and is expected to reach USD 18.91 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 9.4% from 2024 to 2031.

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Increasing adoption of automation technologies across various industries along with rising network complexities boosts demand for advanced network management systems. Between 2022 and 2024, advancements in AI and machine learning have enhanced network analytics and automation, improving operational efficiency. Proliferation of IoT devices, 5G deployment, and the need for robust cybersecurity can drive the market growth. Major players like Cisco, IBM, and Juniper Networks are innovating with cloud-based solutions to support scalable and remote management. Challenges remain in handling complex network architectures and ensuring real-time performance. The market is expected to witness substantial growth due to rising focus on AI-driven solutions.

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Top Strategies Followed by Network Management System Market Players

• Established Players- Leading companies focus extensively on research and development to deliver high-performance network management systems. In 2023, Cisco invested over USD 5 billion in R&D to develop innovative solutions like analytics-driven automation. Cisco has alliances with IBM, Microsoft and HPE to integrate their network management platforms with various enterprise solutions. SolarWinds collaborates with AWS, Google Cloud and Microsoft Azure to provide cloud-based management of their networks.
• Mid-Level Players- Medium sized players like Zoho and Paessler focus on delivering cost-effective yet feature-rich solutions. Paessler provides free and commercial versions of its PRTG product. In 2023, Paessler partnered with SevOne to integrate network performance monitoring with fault and configuration management for an end-to-end view.
• Small-Scale Players- Emerging vendors specialize in niche areas like SD-WAN, IoT, or hybrid networks. CloudCherry delivered AI-driven network optimization to a Fortune 500 logistics company in 2023, reducing network latency by 15% in its SD-WAN infrastructure. In 2023, Network to Code partnered with Verizon to deploy its low-code automation platform for managing hybrid network operations, offering improved efficiency for IoT-enabled logistics hubs.

Emerging Startups in the Network Management System Market

Innovative Technologies- Startups like Anthropic and Netree applies machine learning and mobile edge computing respectively to develop self-healing networks. Their cognitive approaches could automate problem resolution, freeing up resources for strategic tasks. Over time, these AI-powered networks may become self-sufficient with minimal human intervention.

Sustainable Solutions- EcoNet focuses on sustainability with an open-source network monitoring solution requiring no additional hardware. It analyzes traffic patterns to optimize infrastructure utilization and reduce power consumption.

Market Contribution- Some startups fill gaps in serving specialized verticals. For instance, Anthropic Labs works with autonomous vehicle makers to ensure network connectivity for advanced driver-assistance systems.