True or False: The NSX Manager is not required for Panorama to function effectively.

The NSX Manager is an essential component for Panorama to function effectively in environments that incorporate NSX. Panorama, being a centralized management tool for Palo Alto Networks' firewalls, relies on the NSX Manager to obtain relevant network virtualization information and to manage security policies across virtual networks. The NSX Manager facilitates integration with the NSX environment, enabling Panorama to monitor and manage network security more effectively.

Without the NSX Manager, Panorama would lack access to vital data related to network topology and dynamic changes in the virtualized environment. Consequently, this can significantly hinder Panorama's capability to apply security policies accurately or respond to incidents efficiently. Thus, the NSX Manager is a crucial component for achieving optimal performance and functionality of Panorama in NSX deployments.