The content of this report will be updated with the latest scenarios based on the global COVID-19 Pandemic
The Europe Network Management System (NMS) Market would witness market growth of 9.4% CAGR during the forecast period (2018 – 2024).
NMS solutions can be useful for different tasks such as configuration management, monitoring of performance, security management, failure recognition, and accounting. It may also improve performance, enhance proactive controls and help companies reduce their overall ownership costs and meet dynamic business needs.
In the current competitive environment, communications networks can play a critical role in the expansion of companies by allowing online customer interaction among other benefits. As such, the main players on the market offer advanced network management systems that help companies to optimize network accessibility in real time, reduce overall loss of revenue and increase the productivity of employees.
Based on Component, the market is segmented into Solution and Services. Based on Organization Size, the market is segmented into LARGE enterprises and SMEs. As the main players of different industries, such as IT & Telecom and BFSI, the larger business segment is the highest revenue segment in network management systems market and aggressively deploys a variety of network management solutions for network security and monitoring. In view of the significant growth in on-line consumer spending and the consequent growth in data traffic, which required overall infrastructure updates to optimize business processes, small and medium sized businesses have also opted for NMS solutions. As a result, during the forecast period, the SMEs segment will likely post a remarkable CAGR.
Based on End User, the market is segmented into Telecom & IT, BFSI, Healthcare, Retail, Manufacturing, Government, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include IBM Corporation, Cisco systems, Juniper Networks Inc., BMC Software, CA TechnologiesInc, Riverbed Technology, SolarWinds Inc., Nokia Corporation, Micro Focus, and Kentik.