The increasing integration of trending technologies in networking is a key trend in the network management systems (NMS) market. Artificial intelligence (AI) and machine learning technologies are increasingly being used in network management systems..
According to TechSci Research report, “Network Management Solutions Market – Global Industry Size, Share, Trends, Opportunity, and Forecast 2019-2029”, the Global Network Management Solutions Market is expected to register robust growth during the forecast period. Network management systems (NMS) are software applications that manage, monitor, and control the various components of a computer system. Growing network complexities along with the increasing reliance on networks are the key factors that are driving the network management systems market value.
The increasing integration of trending technologies in networking is a key trend in the network management systems (NMS) market. Artificial intelligence (AI) and machine learning technologies are increasingly being used in network management systems to improve their functionality, such as by automating tasks or analyzing data to identify patterns and trends. Because of the increasing prevalence of cyber threats, network management systems are putting a greater emphasis on security, with a stronger reliance on tools and technologies that can prevent networks from these threats. In addition, the deployment of 5G networks is expected to increase demand for advanced network management systems capable of supporting 5G’s high speeds and low latencies.
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The adoption of cloud-based network management solutions is on the rise, driven by the need for agility and scalability. Cloud-based solutions provide a centralized platform for managing networks, allowing administrators to monitor and control resources from anywhere with internet access. This approach also facilitates easier updates, patches, and scalability, reducing the burden on in-house IT teams. As organizations continue to migrate their operations to the cloud, the demand for cloud-based network management solutions is expected to grow.
With the increasing frequency and sophistication of cyber threats, cyber security has become a top priority for organizations. Network management solutions are now incorporating robust cyber security features to protect against cyber attacks. This includes advanced threat detection, encryption, and identity management. The integration of cyber security into network management solutions ensures a holistic approach to securing digital assets and maintaining the integrity of the network infrastructure.
As the Internet of Things (IoT) ecosystem expands, the demand for edge computing capabilities within network management solutions is escalating. Edge computing involves processing data closer to the source, reducing latency and improving response times. Network management solutions are adapting to this trend by incorporating edge computing capabilities, enabling organizations to efficiently manage and analyze data generated by IoT devices in real-time.
Key market players in the Global Network Management Solutions Market are: –
- Nokia Corporation
- NetScout Systems, Inc.
- Hewlett Packard Enterprise Company
- Broadcom Corp
- Network Visibility
- BMC Software
- Oracle Corporation
- Cisco Systems Inc.
- IBM Corporation
- Huawei Technologies Co., Ltd.
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“One of the most prominent trends in network management solutions is the integration of Artificial Intelligence (AI) and Machine Learning (ML). These technologies are transforming traditional network management by providing intelligent automation, predictive analytics, and proactive issue resolution. AI and ML algorithms analyze vast amounts of data, enabling network administrators to identify patterns, detect anomalies, and optimize performance. This not only enhances efficiency but also helps in preventing potential network disruptions. SDN and NFV are revolutionizing the way networks are designed, managed, and operated. SDN enables the programmability of network infrastructure, allowing for centralized control and dynamic allocation of resources. NFV, on the other hand, virtualizes network functions, enabling them to run on standard servers, reducing hardware dependence. Together, these technologies offer increased flexibility, scalability, and cost-effectiveness, making them integral components of modern network management solutions.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
“Network Management Solutions Market – Global Industry Size, Share, Trends, Opportunity, and Forecast Segmented By Component (Solution, Services), By Deployment Model (On-premise, Cloud), By Enterprise Size (Large Enterprises, SME), By Industry Vertical (BFSI, IT and Telecom, Manufacturing, Healthcare, Government, Retail, Transportation and Logistics, Others), By Region, and By Competition 2019-2029” has evaluated the future growth potential of Global Network Management Solutions Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Network Management Solutions Market.
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