The global network monitoring market is a vital component of the IT sector, dedicated to overseeing and optimizing network performance. It ensures the seamless operation of intricate, interconnected systems by monitoring data traffic, identifying issues, and enabling swift responses. Network monitoring tools provide real-time insights into network health, security, and efficiency, empowering businesses to manage challenges and bolster operational resilience proactively. Amid escalating cybersecurity concerns and the increasing intricacy of networks, the market is poised for continued growth and innovation, reflecting its indispensable role in maintaining the integrity and functionality of digital infrastructures.
Data Bridge Market Research analyses that the Global Network Monitoring Market, which was USD 2.49 billion in 2022, is expected to reach USD 5.53 billion by 2030 and is expected to undergo a CAGR of 10.50% during the forecast period of 2023 to 2030.
"High use of the internet drives the market growth"
The growing prevalence of internet usage and increased access to media and video streaming significantly impact the market. The availability of well-crafted data and voice packages and attractive purchase offers play a pivotal role in expanding market reach. As more consumers engage with online content and seek seamless connectivity, the market benefits from the heightened demand for internet-related services and packages, fostering continuous growth and opportunities within the telecommunications and media industries.
What restraints the growth of the global network monitoring market?
"Complexity of networks hamper the market growth"
The complexity of modern networks, encompassing elements such as cloud services, IoT devices, and hybrid environments, poses a significant challenge. Effectively monitoring such intricate networks demands advanced tools and strategies. Analyzing and managing the resulting data complexity becomes a formidable task, creating obstacles for network administrators in maintaining optimal performance and security in the face of ever-evolving and multifaceted network infrastructures.
Segmentation: Global Network Monitoring Market
The global network monitoring market is segmented on the basis of offering, bandwidth, technology, and end-user.
- On the basis offering, the global network monitoring market is segmented into equipment, solutions, and services
- On the basis of bandwidth, the global network monitoring market is segmented into 1-10 GBPS, 40 GBPS, and 100 GBPS
- On the basis of technology, the global network monitoring market is segmented into ethernet, fiber optic, and infiniband
- On the basis of end-user, the global network monitoring market is segmented into enterprises, telecommunications industry, government organizations, and cloud service providers
Regional Insights: North America dominates the Global Network Monitoring Market
North America dominates the global network monitoring market due to its advanced technological infrastructure. The region boasts a high adoption rate of smart city initiatives, further propelling market growth. The strong presence of major players in the network monitoring sector and a surge in research activities solidify North America's leadership. The convergence of these factors positions the region at the forefront of advancements in network monitoring technologies on a global scale.
Asia-Pacific is expected to dominate the global network monitoring market from 2023 to 2030. Rapid urbanization, infrastructure development, and the integration of advanced technologies in China, Japan, and India fuel this growth. The expanding automotive and consumer electronics industries increase demand for infrared LED lighting solutions. Government initiatives and investments in smart city projects further propel market growth in the region, making Asia-Pacific a key player in the global network monitoring landscape.
Recent Developments: Global Network Monitoring Market
- In June 2022, Arista Networks introduced the 7130 Series, featuring integrated systems with ultra-low latency and high configuration. The product aims to boost customer agility by consolidating devices reducing complexity, costs, and power consumption. It includes two models with advanced features such as L2/3 switching, open programmability, and high-performance L1 connectivity
- In December 2020, Juniper Networks acquired Apstra, a provider of intent-based networking software, to expedite the development of a self-driving network. The acquisition focuses on helping private and public cloud vendors optimize operations for improved application experiences
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The Prominent Key Players Operating in the Global Network Monitoring Market Include:
- Gigamon (U.S.)
- NETSCOUT (U.S.)
- Keysight Technologies (U.S.)
- VIAVI Solutions Inc. (U.S.)
- APCON (Switzerland)
- Garland Technology (U.S.)
- Riverbed Technology (U.S.)
- SevOne (U.S.)
- Broadcom (U.S.)
- Juniper Networks, Inc. (U.S.)
- Arista Networks, Inc. (U.S.)
- Zenoss Inc. (U.S.)
- IBM (U.S.)
- Pico Quantitative Trading LLC (U.S.)
- CALIENT Technologies (U.S.)
- NETGEAR (U.S.)
- Cisco Systems, Inc. (U.S.)
Above are the key players covered in the report, to know about more and exhaustive list of global network monitoring market companies, contact: https://www.databridgemarketresearch.com/contact
Research Methodology: Global Network Monitoring Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
