The Asia Pacific Network Management System (NMS) Market would witness market growth of 12.2% CAGR during the forecast period (2018 – 2024). Network management offers various features like fault management, security management, account management and management of performance. The deployment of long-term infrastructure (LTE) has been expanding at a rapid pace in Asia-Pacific. Meanwhile, several regional governments have undertaken digitalizing initiatives in accordance with rapid urbanization and subsequent Internet spread. In addition, some APAC nations like India, China and Japan are also prepared for the 5G launch. These developments are having led to aggressive network management systems in the entire region and creation of massive prospects for NMS suppliers during the forecast period.
Based on Component, the market is segmented into Solution and Services. The growing demand of operators based in developed countries for integration and implementation by various NMS for monitoring their performance and to obtain an in-depth view of the service segment will add up to the growth in the forecast timeframe. It is estimated that the integration and implementation segment will record the highest CAGR during the forecast period in the network management software services segment.
Based on Organization Size, the market is segmented into LARGE enterprises and SMEs. Based on End User, the market is segmented into Telecom & IT, BFSI, Healthcare, Retail, Manufacturing, Government, and Others. 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 countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
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.