Market Overview

The global Network Management Market was valued at around USD 10.96 billion in 2024, up from USD 9.88 billion in 2023, and is forecast to grow to USD 22.8 billion by 2032—a CAGR of 9.58% during 2024–2032 . Major growth factors include the increasing complexity of IT networks, widespread virtualization and cloud migration, and the rising frequency of cyber incidents.

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Market Segmentation

By Component

• Software (network monitoring, fault/performance/configuration management): held ~59% share globally in 2023.

• Services (implementation, consulting, training, support): projected CAGR ~8.8% through 2030.

By Deployment

• On‑premises solutions dominated (~57–63% share in 2023), driven by data governance, security, and compliance needs .

• Cloud‑based offerings are surging, offering scalability and rapid deployment.

By Organization Size

• SMEs comprise ~53% of demand in 2023, leveraging network management tools to maintain agility and reduce costs.

• Large enterprises deploy comprehensive end-to-end suites supporting complex, distributed networks.

By Vertical

Major adopters include BFSI, IT/Telecom, Healthcare, Government, Retail, and Manufacturing.

Key Players

The competitive landscape features global IT and networking giants:

• Cisco Systems, IBM, Huawei, Juniper Networks, SolarWinds, CA Technologies, Riverbed, BMC Software, Micro Focus, Extreme Networks, ManageEngine, Ericsson, NetScout .

These vendors differentiate through integrated dashboards, AI-driven analytics, SDN/NFV support, cloud compatibility, and cybersecurity features.

Industry News

Rising demand for unified network management is transforming the landscape—Market Research Future expects the Unified Network Management Market to grow from USD 5.71 billion in 2023 to USD 12.0 billion by 2032 (CAGR ~8.6%. This reflects enterprise desires for centralized operations, visibility, and cost efficiency.

Recent Developments

• Global NMS market: Valued at USD 8.25 billion in 2022, growing to USD 17.67 billion by 2030 (CAGR 10.1%) .

• Remote network management: North America leads, with increasing investments in remote monitoring tools for dispersed infrastructure 

• Unified Platforms: The unified management trend supports holistic orchestration across devices and services .

Market Dynamics

Drivers

1. Network complexity & virtualization: Multi-cloud, IoT, 5G, SDN/NFV adoption increases monitoring needs .

2. Security & compliance: Frequent breaches and ransomware attacks prompt investment in proactive network visibility and controls .

3. Remote work trend: The rise of distributed teams drives demand for centralized remote management capabilities .

4. SME digitalization: Small businesses adopt lightweight, cost-effective tools to maintain uptime and security .

Challenges

• Legacy systems resisting integration with new platforms.

• Skill shortages in network analytics and cloud management.

• Security concerns around cloud data residency and vendor lock-in.

 Regional Analysis

• North America leads with ~35% share in 2023, driven by mature infrastructure and remote monitoring adoption .

• Europe follows (~7.9% CAGR) with growth in industrial and telecom sectors .

• Asia-Pacific is fastest-growing due to rapid digital transformation and IoT deployments .

• MEA & LATAM show early-stage adoption, growing with public-sector and enterprise digitization.

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Future Outlook

By 2032–2033, the Network Management Market is expected to reach USD 22.8–26.0 billion (CAGR 9–10%) .

Emerging trends to watch:

• AI/ML-powered automation: Zero-touch networks and predictive analytics will reduce manual tasks and improve uptime .

• Unified platforms integrated with security, performance, and fault analytics.

• Cloud/SaaS preference, especially among mid‑sized businesses and remote-first enterprises.

• Growth in SD-WAN and 5G-enabled management for dispersed enterprise and branch connectivity.

• Rising demand for low‑touch deployment—zero‑touch configuration will become standard in next-gen networks .

About Market Research Future: 

Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis regarding diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions. 

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