Artificial Intelligence
Network Management Systems Market Size Set to Achieve USD 21.1 Billion by 2030 growing at 9.7% CAGR – Exclusive Report by Acumen Research and Consulting
Osaka, Jan. 10, 2023 (GLOBE NEWSWIRE) — The Global Network Management Systems Market Size was valued at USD 9.2 Billion in 2021 and is set to garner a market size of USD 21.1 Billion by 2030 growing at a CAGR of 9.7% from 2022 to 2030.
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.
Network Management Systems Market Statistics
- Global network management systems market revenue gathered USD 9.2 Billion in 2021, with a 9.7% CAGR between 2022 and 2030
- North America network management systems market share gathered over 37% in 2021
- Asia-Pacific network management systems market growth is projected to attain over 10% CAGR from 2022 to 2030
- By component, the solutions sub-segment seized USD 6.3 billion in market revenue in 2021
- Based on industry vertical, the IT & telecom sub-segment acquired over 25% of shares in 2021
- The rising trend of mobile and remote access is a key trend in the network management systems industry that fuels the demand
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Network Management Systems Market Report Coverage:
| Market | Network Management Systems Market | |
| Network Management Systems Market Size 2021 | USD 9.2 Billion | |
| Network Management Systems Market Forecast 2030 | USD 21.1 Billion | |
| Network Management Systems Market CAGR During 2022 – 2030 | 9.7% | |
| Network Management Systems Market Analysis Period | 2018 – 2030 | |
| Network Management Systems Market Base Year | 2021 | |
| Network Management Systems Market Forecast Data | 2022 – 2030 | |
| Segments Covered | By Component, By Deployment, By Enterprise, By Industry Vertical, And By Geography | |
| Network Management Systems Market Regional Scope | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa | |
| Key Companies Profiled | BMC Solutions, Inc., Broadcom, Inc. (CA Technology), Colasoft, Inc., Cisco Systems, Inc., HPE, Huawei Technologies Co. Ltd., IBM Corporation, Juniper Networks, Inc., Paessler AG, Nokia Corporation, NetScout Systems, Inc., Oracle Corporation, Riverbed Technologies, Inc., SolarWinds Inc., and VIAVI Solutions, Inc. | |
| Report Coverage | Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis | |
Network Management Systems Market Dynamics
The growing need for improved network security drives the industry’s adoption of network management systems. The growing prevalence of cyber threats has increased the demand for network management systems that can assist in protecting networks from these threats. In addition, the rising demand for mobile and remote access fuels the NMS market. The growing demand for mobile and remote network resource access is driving up the demand for network management systems that can meet these demands.
However, the market is also constrained by key factors such as system complexity, interoperability issues, and changing technology. Network management systems can be complex, and those who are unfamiliar with them may face a steep learning curve. Network management systems from multiple vendors may not be fully compatible with one another, which can cause interoperability issues and make managing networks with multiple vendors difficult. Because of the rapid change in technology in the field of networking, network management systems may struggle to keep up, limiting their effectiveness.
Furthermore, the increasing adoption of cloud-based solutions is expected to create significant market growth opportunities in the coming years. The growing popularity of cloud-based network management systems provides an opportunity for vendors to create and market such solutions. Nonetheless, the growing adoption of mobile and internet technologies in emerging markets presents vendors with an opportunity to expand into these markets. This opportunity is also expected to gain traction for the growth of the network management systems market.
Rapid Adoption of Network Management in IT & Telecom Sector Propels the Market Growth
Network management systems are an important tool for organizations in the IT and telecommunications sectors because they help to ensure that networks run smoothly and efficiently. These systems can be used to track the operation of network devices and services, detect and fix network problems, and generate network performance and usage reports. Network management systems are also used in the IT and telecom industries to manage the quality of service (QoS), to establish that network resources are used efficiently, and to prioritize specific types of traffic. Network management systems can also help to enhance security by protecting networks from cyber attacks and guaranteeing industry compliance. Overall, network management systems can assist organizations in the IT and telecom sectors in improving network reliability, performance, and efficiency.
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Network Management Systems Market Segmentation
Component, deployment, enterprise, industry vertical, and regions are the segmentation considered in the global network management systems NMS market.
The component segment is sub-segmented into solutions and services. The solutions sub-segment is further categorized into accounting management, configuration management, fault management, performance management, and security management. The services sub-segment includes consulting, integration & implementation, and training, support & maintenance.
The deployment segment is bifurcated into on-premises and cloud-based. Based on enterprise size, the segmentation includes large enterprises and SMEs. By industry vertical, the market is split into IT & telecom, BFSI, government, manufacturing, healthcare, transportation & logistics, retail, media & communication, and others.
Network Management Systems Market Share
According to our network management systems industry research, the solutions component generated the most revenue in 2021 and is expected to continue to do so in the future. However, the services sub-segment is expected to grow significantly between 2022 and 2030.
Based on deployment, the on-premises segment captured a sizable market share in 2021, while the cloud-based sub-segment is expected to grow at the fastest rate between 2022 and 2030.
In 2021, the large enterprise segment will have the highest market share, while SMEs will have the highest CAGR. Furthermore, IT and telecom generated the most revenue and will continue to do so in the coming years. The healthcare sector, on the other hand, is expected to grow at the fastest rate between 2022 and 2030.
Network Management Systems (NMS) Market Regional Outlook
According to regional analysis, the North American network management systems industry held the largest market share in 2021 and is expected to maintain its dominance in the future. Significant growth in healthcare IT spending, the proliferation of high-tech industries, and the rapid rollout of 5G infrastructure are just a few of the factors bolstering American network management systems. Furthermore, growing investments in new data centers, as well as an increasing broadband penetration rate, would support regional growth in the coming years.
However, the Asia Pacific network management systems market is expected to grow at the fastest CAGR during the forecast period, owing to the penetration of smartphones, and the continued release of broadband and cellular networks. Moreover, the growing popularity of the Internet of Things (IoT) as well as cloud-based solutions and services will support the Asia-Pacific NMS market growth.
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Network Management Systems Market Players
Some prominent network management systems companies covered in the industry are BMC Solutions, Inc., Broadcom, Inc. (CA Technology), Colasoft, Inc., Cisco Systems, Inc., HPE, Huawei Technologies Co. Ltd., IBM Corporation, Juniper Networks, Inc., Paessler AG, Nokia Corporation, NetScout Systems, Inc., Oracle Corporation, Riverbed Technologies, Inc., SolarWinds Inc., and VIAVI Solutions, Inc.
Questions Answered By This Report
- What was the market size of Network Management Systems Market in 2021?
- What will be the CAGR of Network Management Systems Market during the forecast period from 2022 to 2030?
- Who are the major players in Global Network Management Systems Market?
- Which region held the largest share in Network Management Systems Market in 2021?
- What are the key market drivers of Network Management Systems Market?
- Who is the largest end user Network Management Systems Market?
- What will be the Network Management Systems Market value in 2030?
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Artificial Intelligence
Creator-first AI x Blockchain Project Animechain.ai Reveals Its White Paper and Participation in IVS Crypto 2024 KYOTO as a Platinum Sponsor
Striving for utilization of AI and blockchain as “A Magic Wand For Creators”
TOKYO, July 4, 2024 /PRNewswire/ — Animechain.ai is an AI x Blockchain project that fully values creators’ rights and creativity. We have published a white paper describing our core vision in detail. By combining cutting-edge AI and blockchain technology, we strive to improve the efficiency and quality of anime production while protecting creators’ rights and securing fair compensation.
We will also be participating in IVS Crypto 2024 KYOTO, one of Japan’s largest startup conferences held in Kyoto for three days from July 4th to the 6th, as a platinum sponsor. Animechain.ai’s vision and initiatives, including the content of our white paper, will be presented at the Keynote Session of the main stage of IVS Crypto 2024 KYOTO on Saturday, July 6th, from 11:45 AM.
White Paper Outline:
1. A Creator-first Rights Management System:
○ Strictly managing creators’ rights by implementing the AIRA (AI Rights Asset) token.
○ An automated and highly transparent reward distribution system controlled by smart contracts.
○ Creating new revenue opportunities by promoting derivative work and spinoffs.
2. High-quality Generative AI Specialized in Anime:
○ High-quality anime image generators with resolution of the highest standards in the industry.
○ Innovative time series models that enable animation generation on a real-time basis.
○ Overall production support by multimodal generation combining text, audio, and images.
3. Proprietary Layer 2 Solution “Anime Network”:
○ Transaction processing at over 100 times the conventional speed.
○ Ensuring data security and privacy with cryptography.
○ Unique functions that are optimized for the workflow of anime production.
4. Comprehensive Ecosystem and Governance:
○ A diverse community of creators, anime studios, AI developers, fans, and rights holders.
○ Democratic decision-making by token holders.
○ An incentive system that promotes continuous technological innovation and expansion of the market.
Whitepaper: https://whitepaper.animechain.ai/IVS Crypto 2024 KYOTO: https://www.ivs.events/crypto
Animechain.ai will combine creators’ dreams and AI technology to break new ground in the anime industry. Please visit our official website (https://animechain.ai/) for further information.
Company InformationCompany name: Animechain LLCHeadquarter: TokyoEstablished: February 2024CEO: Shuhei MiseBusiness: Development of “Animechain.ai”, a project to support creators’ creative activities using AI and blockchain
About Animechain.aiOfficial Website: https://animechain.ai/FAQ: https://medium.com/@anime_chain/anime-chain-faq-english-version-7bb1b4ae83bb
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Artificial Intelligence
Console Connect Recognized with Frost & Sullivan’s 2024 Global Technology Innovation Leadership Award for Its Outstanding Automation and Blockchain Solutions
SAN ANTONIO, July 4, 2024 /PRNewswire/ — Frost & Sullivan recently analyzed the NaaS industry and, based on its findings, recognizes Console Connect with the Global Technology Innovation Leadership Award. Console Connect is a pioneering provider of NaaS solutions, offering advanced automation and intelligent use of blockchain technology that significantly enhances the platform.
Console Connect provides a comprehensive and efficient platform that meets the ever-evolving needs of enterprises and cloud providers. The company’s sophisticated platform enables seamless integration with major cloud providers, including Amazon Web Services (AWS), Google Cloud, Microsoft Azure, Oracle Cloud, and IBM Cloud.
Additionally, the platform provides network services and innovative solutions, such as the Edge SIM service, which provides secure and reliable transport for Internet of Things (IoT) applications without using the public internet. This forward-thinking approach has allowed Console Connect to expand its service offerings and maintain its solid leadership position in the industry.
“Console Connect’s innovative platform delivers unparalleled automation, security, and efficiency in the Network-as-a-Service (NaaS) industry, setting a new standard with its cutting-edge use of blockchain technology and seamless multi-cloud integration,” said Stephen Thomas, Senior Industry Director at Frost & Sullivan.
Console Connect leverages a top-tier IP network to enhance its already powerful NaaS platform. This strategic fusion has enabled Console Connect to rapidly advance its network automation capabilities, delivering enhanced service efficiency and operational excellence.
Furthermore, Console Connect’s technological innovation extends beyond network automation to include blockchain technology for inventory and invoicing. The platform’s integration of blockchain establishes a standardized service inventory verified by a distributed ledger, ensuring accurate and undisputed invoicing through smart contracts. This innovative approach significantly reduces disputes and enhances operational efficiency, providing a robust and reliable solution for network management.
As a result, Console Connect is driving technological advancement worldwide with its futuristic network automation, the clever use of blockchain enabled contracts and is rapidly positioning itself as a leader in the NaaS industry.
“We are delighted to receive this award from Frost & Sullivan that identifies Console Connect as a technology leader in Network-as-a-Service. As an early adopter of network automation, Console Connect is proud to be recognised as an innovator in this field, and we continue to embrace technology to reimagine how businesses provision, manage and experience connectivity,” said Neil Templeton, SVP, Marketing, Console Connect.
Each year, Frost & Sullivan presents this award to the company that has developed a product with innovative features and functionality that is gaining rapid acceptance in the market. The award recognizes the quality of the solution and the customer value enhancements it enables.
Frost & Sullivan Best Practices awards recognize companies in various regional and global markets for demonstrating outstanding achievement and superior performance in leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analyses, and extensive secondary research to identify best practices in the industry.
About Frost & Sullivan
For six decades, Frost & Sullivan has been world-renowned for its role in helping investors, corporate leaders, and governments navigate economic changes and identify disruptive technologies, Mega Trends, new business models, and companies to action, resulting in a continuous flow of growth opportunities to drive future success. Contact us: Start the discussion.
Contact:Ashley ShreveP: 210.844.2505E: [email protected]
About Console Connect
Console Connect is a platform for Software Defined Interconnection® of applications and infrastructures. It allows users to self-provision private, high-performance connections among a global ecosystem of enterprises, networks, clouds, SaaS providers, IoT providers and applications providers.
Console Connect is the only digital platform that is underpinned by one of the world’s largest private networks and a Tier 1 global IP network that is ranked in the top 10 for IPv4 and IPv6 peering, delivering higher levels of network performance, speed, and security to meet the digital needs of today’s interconnected users and communities.
Accessible from 1000+ data centres in 50+ countries worldwide, the platform is integrated with all major hyperscale cloud providers, including AWS, Google Cloud, IBM Cloud, Microsoft Azure, Alibaba Cloud and more. Through the Console Connect portal or via its API, users can access a broad range of native and third-party solutions.
To learn more about Console Connect, please visit www.consoleconnect.com.
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Artificial Intelligence
Hyperlink InfoSystem Emerges as India’s #1 Salesforce Development Company in 2024
NEW YORK and LOS ANGELES, July 4, 2024 /PRNewswire/ — The world of digital advancements is experiencing a phenomenal level of explosive growth, and Salesforce, a leading customer relationship management (CRM) platform, has witnessed staggering popularity and an exponential level of advancement in India. India’s robust infrastructure, coupled with its incredibly skilled developers, has made it an attractive hub for all things Salesforce. The Indian IT sector has an established history of providing world-class solutions, which renders it a reliable partner for Salesforce development initiatives. Since the Salesforce development market in India is growing, global enterprises are increasingly hunting for specialized solutions to enhance their CRM capabilities. Custom Salesforce solutions have curated a sudden spike in demand that could help firms stand out.
This sudden need, plus the urgency of competent pricing, has led international investors to lean towards Indian workforces. Indian developers are known for their mastery of customizing Salesforce solutions to meet distinct business needs, streamline operations, and ensure seamless CRM integrations. The talented pool of Salesforce developers at competitive pricing makes for an appealing option for businesses looking to optimize their CRM investments. Indian developers are known for their creative approach, favorable time zones for extended working hours, understanding of global practices, and constant thinking outside the box to render the best-in-class modern solutions to overcome complex Salesforce-driven business challenges. That’s where Hyperlink InfoSystem struck the chord and cemented its position as India’s leading Salesforce development company.
Hyperlink InfoSystem has emerged as a frontrunner in Salesforce development solutions and has become the ultimate powerhouse for custom CRM solutions. Their dedication to excellence has helped them maintain a steady track record spanning over a decade, with several successful Salesforce project deliveries. Hyperlink InfoSystem utilizes best-in-class technologies such as AI, Big Data, and IoT to craft bespoke Salesforce solutions to meet every business’s unique needs. They place a strong emphasis on client requirements to deliver custom solutions for driving measurable results. From consultation and integration to support and customization, Hyperlink InfoSystem offers end-to-end Salesforce development services, ensuring a seamless transition to the CRM. With a commitment to Agile methodologies and certified Salesforce developers, they follow only the best practices in the industry.
“We are extremely honored to be recognized as India’s leading Salesforce development company,” said Mr. Harnil Oza, CEO of Hyperlink InfoSystem. This achievement showcases our team’s commitment and dedication to delivering immaculate solutions that promote the company’s success. He added, “We at Hyperlink InfoSystem think that Salesforce can change how businesses run and engage with their customers and staff. And we will keep pushing the envelope of innovation to provide each client with immaculate Salesforce solutions.”
Looking forward, Hyperlink InfoSystem is committed to staying one step ahead of all Salesforce innovations. Their whole focus is on helping companies realize the full potential of Salesforce, which can result in remarkable customer experiences and growth that is truly transformative. This will be achieved by consistently incorporating the newest features and functionality into their development processes. By providing scalable and adaptable Salesforce solutions, businesses can smoothly future-proof their operations.
About Hyperlink InfoSystem
Hyperlink InfoSystem is a prominent international enterprise excelling in IT solutions in many domains. Since its humble beginnings in 2011, its specialization in technologies has expanded across web development, mobile app development, enterprise software solutions, and now Artificial Intelligence (AI). With over 1200+ employees and a global presence in the USA, UK, UAE, France, India, and Canada, Hyperlink InfoSystem is dedicated to assisting corporations to leverage the complete power of technology to accomplish their goals.
Contact Details:Hyperlink InfoSystemHarnil [email protected]
New York Address:One World Trade Center285 Fulton Street suite 8500,New York, NY 10007,United States
Mumbai Address:Level 8, Vibgyor Towers C 62,G Block Bandra Kurla Complex,Mumbai, Maharashtra 400098
London Address:Level 30, The Leadenhall Building,122 Leadenhall Street,London EC3V 4AB
Canada Address:151 Yonge Street, 11th Floor,Toronto, Ontario, M5C 2W7,Canada
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