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Network Management System Market Share

Report ID: GMI2981
Published Date: Aug 2024
Report Format: PDF

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Network Management System Market Share

Cisco Systems, Huawei Technologies, and IBM held a significant market share of over 31% in 2023. Cisco is enhancing network management through AI-driven automation and analytics. Their strategy integrates security features into their network management systems and expands cloud-based solutions, ensuring seamless and secure connectivity in hybrid work environments.

Huawei champions AI-powered, intent-driven networking for automated and intelligent network management. Their strategy strengthens support for 5G and IoT networks and offers open, flexible platforms designed for easy integration with third-party solutions, enhancing scalability and customization.

IBM leverages AI and machine learning to optimize network management. They focus on delivering comprehensive, cloud-based solutions that provide predictive insights and automation, reducing operational complexity and improving network performance and security across multi-cloud environments.

Network Management System Market Companies

Major players operating in the network management system industry are:

Cisco Systems
Huawei Technologies
IBM
Broadcom
Hewlett Packard Enterprise (HPE)
Check Point Software Technologies Ltd.
Nokia Corporation
Riverbed Technology
Juniper Networks
BMC Software

Authors: Preeti Wadhwani, Aishwarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of network management system reached USD 9.1 billion in 2023 and is set to grow at over 9.4% CAGR between 2024 and 2032, owing to the advancements in network technology.

The on-premises segment in the network management system industry held 63% share in 2023, driven by the organizations prioritizing data control, security, and compliance.

North America market is expected to exceed USD 7.4 billion by 2032, led by the demand for network management system (NMS) solutions.

Cisco Systems, Huawei Technologies, IBM, Broadcom, Hewlett Packard Enterprise (HPE), Check Point Software Technologies Ltd., Nokia Corporation, and Riverbed Technology among others. ?