According to a research report ?Network Management Systems Market with COVID-19 Impact Analysis by Component, Enterprise Size, Deployment Mode, Business Function (Accounting & Legal, Sales & Marketing, and Procurement & Supply Chain) Vertical and Region ? Global Forecast to 2027? published by MarketsandMarkets, the global network management system market size is expected to grow at a Compound Annual Growth Rate (CAGR) of 9.4% during the forecast period, to reach USD 14.6 billion by 2027 from USD 9.3 billion in 2022. Growing demands for of digital transformation across verticals and the increasing adoption of advanced technologies, such as IoT, mobility, and cloud. China, Japan, Australia, and India are the key contributors in terms of the adoption of NMS tools in their network infrastructure. The adoption of virtualization and SDN technology is currently in its nascent phase and is projected to grow exponentially during the forecast period.