The global network management solutions market revenue was around US$ 7.8 billion in 2022 and is estimated to reach US$ 18 billion by 2031, growing at a compound annual growth rate (CAGR) of 9.9% during the forecast period from 2023 to 2031.

The usage of network management solutions is to detect, supervise, equip, and sustain computer networks. Network management is essential for configuration management and ensuring regulatory standards of the network. Network management solution allows the solution to ensure network shifts are validated in a controlled and coordinated manner.

Factors Influencing Market Growth

- The surge of SDN across enterprises and the rising demand for network security is expanding the growth of the global network management solutions market.

- The availability of free network management tools and low-budget limitations are hindering the growth of the network management solution market.

- The growing demand for network management solutions across cloud-based NMS and SMEs is anticipated to show lucrative possibilities for the expansion of the network management solution market during the forecast period.

Impact of COVID-19

The COVID-19 pandemic had a significant impact on the network management solution market. The pandemic has revealed the vulnerabilities of many industries, particularly those that are highly dependent on China to satisfy the demand for finished products and raw materials.

Regional Analysis

In 2022, North America dominated the market share. The widespread deployment of management systems to monitor attacks on mission-critical communication networks is anticipated to provide lucrative growth opportunities for the sports management solution market in North America.

Also, Asia-Pacific is anticipated to show the highest growth during the forecast period. This is attributed to immediate technological improvements, government initiatives, digitization of economies, and increased expendable income among the middle-income population of the region

Leading Companies

The leading prominent companies profiled in the global network management solutions market are: -

- CA Technology
- Cisco
- Cubro Network Visibility
- Ericsson
- Huawei
- IBM Corporation
- Juniper Networks
- Kaseya Co. Ltd.
- Live Action
- Manage Engine
- Micro Focus
- NETSCOUT Systems
- Nokia
- Pasessler
- Progress
- Zoho Corporation
- Other prominent key players

Segmentation Outline

The global network management solutions market segmentation focuses on Component, Deployment Model, Enterprise Size, Industry Vertical, and Region.

Segmentation based on Component

- Solution
- Services
- Professional services
- Managed services

Segmentation based on Deployment Model

- On-premise
- Cloud

Segmentation based on Enterprise Size

- Large Enterprises
- SMEs

Segmentation based on Industry Vertical

- BFSI
- IT and Telecom
- Manufacturing
- Healthcare
- Government
- Retail
- Transportation and Logistics
- Others

Segmentation based on Region

- North America
- The U.S.
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Netherlands
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Singapore
- Rest Of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa