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Network Monitoring Market Worth $2.93 Billion by 2023 - Exclusive Report by MarketsandMarkets™
[October 09, 2018]

Network Monitoring Market Worth $2.93 Billion by 2023 - Exclusive Report by MarketsandMarkets™


CHICAGO, October 9, 2018 /PRNewswire/ --

According to the new research report "Network monitoring Market by Offering (Equipment and Solutions & Services), Bandwidth (1 & 10 Gbps, 40 Gbps, 100 Gbps), Technology (Ethernet, Fiber Optic, and InfiniBand), End User (Enterprises, Telecom), and Geography - Global Forecast to 2023", published by MarketsandMarkets™, the overall network monitoring market is expected to reach from USD 1.67 billion in 2017 to USD 2.93 billion by 2023, at a CAGR of 9.9% during the forecast period. The increasing number of enterprises with strict reliability requirements drives the need for network performance monitoring equipment. Also, the need for highly reliable, scalable network monitoring equipment for robust network monitoring capabilities to ensure smooth operations of mission-critical network infrastructure contributes to the growth of this market.

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Solution & services to hold largest share of network monitoring market from 2018 to 2023 

Increasing network complexity, converging technologies, and growing implementation of virtualization are expected to transform network management technologies, tools, and practices. Virtual networking installed as part of server virtualization will progressively influence network monitoring.

Monitoring equipment with 1 & 10 Gbps bandwidth to hold largest share of network monitoring market from 2018 to 2023 

Monitoring equipment with 1 and 10 Gbps bandwidth is widely adopted across various end users, such as enterprises, telecom, government organizations, and service providers. Currently, network monitoring equipment with higher bandwidths is gaining traction in the market. As a result, the prices for monitoring equipment with 1 and 10 Gbps bandwidth have been declining, which, in turn, drive the adoption of these type f equipment for optimum network development.



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Ethernet held largest share of network monitoring market in 2018 

Ethernet held the largest share of the said market in 2018. The expansion of data centers and an increase in the adoption of virtualization technology boost the demand for network monitoring equipment with higher bandwidths. Ethernet-based networks deliver more agile and low-latency solutions with increased scalability. The migration from low bandwidth to high bandwidth with Ethernet technology is not only cost-effective but is also possible without any disruption. Thus, it is widely adopted by several industries for data transfer, which, in turn, drives the growth of Ethernet-based networking equipment.

Enterprise to hold largest share of network monitoring market from 2018 to 2023 

High technological developments across various enterprises have generated large volumes of data. The complexities within IT infrastructure encourage enterprises to adopt virtualization technology, thereby driving the growth of network monitoring in enterprises. Also, factors such as increasing employee mobility, growing adoption of strategies such as "bring your own device," and rising utilization of advanced Big Data solutions for operational data explosion impact the future requirements for network monitoring. These include high performance, low latency, and secure switching solutions. Enterprises include banking and finance, healthcare, retail and ecommerce, and media and entertainment organizations.

Gigamon (US), NetScout Systems, (NetScout) (US), Ixia (US), VIAVI Solutions (Viavi) (US), APCON (US), and Garland Technology (US) are among the leading companies in the network monitoring market. Also, a few major companies, namely, Broadcom (Broadcom) (US), Juniper Networks (US), Big Switch Networks (US), Zenoss (US), Network Critical (UK), Corvil (Ireland), CALIENT Technologies (CALIENT) (US), Netgear (US), and Motadata (US) have also been profiled in the report.

Please explore relevant report "Data Center Switch Market" also.


About MarketsandMarkets™  

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com

Research Insight: https://www.marketsandmarkets.com/ResearchInsight/network-monitoring-market.asp

SOURCE MarketsandMarkets


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