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Global Network Management System Market

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By Author: Dimitri Maximize
Total Articles: 27
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Global Network Management System Market was valued US$ 6.17 bn in 2017 and is estimated to reach US$ 12.25 bn by 2026 at a CAGR of 10.6%. Global Network Management System Market is segmented by component, by development, by the end user, and by region. Based on the component network management system is classified as Solutions, Services.

On the basis of development type market is divided into cloud and on-premises. Based on end user market is segmented into verticals and service provider. Region wise the market is divided into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.

Global Network Management System Market (NMS) The global growth of the network infrastructure, network modernization, network optimization and the need for in-depth network visibility are expected to drive market growth. The major growth drivers for the market include in-depth visibility into network security, the need of maintaining Quality of Experience (QoE) and Quality of Service (QoS), global growth of network infrastructure, and better optimization of business operations. The availability of free network management tools may restrain market growth. The transition toward 5G is one of the key trends that will contribute to market growth in the forthcoming years.

NMS provides technical advantages such as maintaining data traffic and security that will drive 5G technology in the future. The market will also witness high investments in 5G technology leading to the growing demand for Global Network Management System Market (NMS).

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