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Sunday, December 3, 2023

Global Network Management Systems Market is Anticipated to Grow at a CAGR of 9.5% during 2024 to 2030

The future of the global network management systems market looks promising with opportunities in the IT & telecom, BFSI, government, manufacturing, healthcare, transportation & logistics, retail, and media & communication markets. The global network management systems market is expected to reach an estimated $17.2 billion by 2030 with a CAGR of 9.5% from 2024 to 2030. The major drivers for this market are increasing utilization of networks for the organization's internal and external operations, and increasing investments in it network infrastructure and ongoing 5G rollouts.

Some of the key questions answered in this exclusive report are:

Q.1. What are some of the most promising, high-growth opportunities for the network management systems market by component  (solutions and services), deployment  (on-premises and cloud-based), enterprise  (large enterprises and small & medium enterprises), end use industry (IT & telecom, BFSI, government, manufacturing, healthcare, transportation & logistics, retail, media & communication, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2. Which segments will grow at a faster pace and why?

Q.3.  Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6.  What are the emerging trends in this market and the reasons behind them?

Q.7. What are some of the changing demands of customers in the market?

Q.8. What are the new developments in the market? Which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?

Market Segmentation:

In this market, solutions and services are the major segments of network management systems market by component.

Lucintel forecasts that services is expected to witness highest growth over the forecast period.Within this market, healthcare will remain the largest segment.

APAC is expected to witness highest growth over the forecast period.

SolarWinds Worldwide, International Business Machines Corporation, Broadcom, Riverbed Technology, Cisco Systems, BMC Software, Nokia Corporation, Oracle Corporation, Paessler, and Viavi Solutions  are the major suppliers in the network management systems market.

About Lucintel

Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries.

Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email:
roy.almaguer@lucintel.com
Tel. 972.636.5056

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