The North America Network Management System Market Size would witness market growth of 8.8% CAGR during the forecast period (2018 – 2024). North America has experienced rapid 5G infrastructure deployment, substantial investment in new data centers, and an increasing penetration rate of broadband. The remarkable increase in US expenditures on Healthcare IT can also be attributed to North America's significant share in the global market.
A network management system identifies, configures, monitors, updates, and troubleshoots wired and wireless network devices within an enterprise network. NMS software can be installed in a dedicated server on site or accessed as a service, where the vendor provides the tools used by the company to manage and monitor his network. NMS software can manage a wide range of multi-vendor network components. In early NMS software, hardware from the same vendor sometimes works only. However, these limitations have disappeared in large part because networks have changed into equipment-based architectures from several vendors.
On-premise installation of NMS can enable better software control and adaptation to specific objectives. Additional IT personnel and resources are nevertheless needed to manage the software internally and, as the software ages, upgrade or replace it will be the responsibility of the company. The Vendor-based NMS can allow for faster returns, but it may compromise access to the software if a breakdown takes place in the data centre of the provider.
Based on Component, the North America Network Management System Market Size is segmented into Solution and Services. 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. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The North America Network Management System Market Analysis 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 Technologies, Inc., Riverbed Technology, SolarWinds Inc., Nokia Corporation, Micro Focus, and Kentik.
Scope of the North America Network Management System Market Analysis
Market Segmentation:
By Component
By Organization Size
By End User
By Country
Companies Profiled
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