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Network Monitoring Market Set to Reach $3.0 Billion Milestone by 2027
[April 22, 2024]

Network Monitoring Market Set to Reach $3.0 Billion Milestone by 2027

The Network Monitoring Market is expected to develop at a significant rate. Estimated to be worth USD 2.2 billion in 2022, the market is expected to rise at a healthy compound yearly growth rate (CAGR) of 6.9% to reach USD 3.0 billion by 2027. Numerous important variables that fuel the demand for network monitoring solutions across a range of businesses are responsible for this growth. Organisations are investing more in sophisticated network monitoring hardware, software, and services due to the growing complexity of network infrastructures, increased cybersecurity risks, and the growing need to guarantee continuous network performance. Furthermore, the market is expanding due to the introduction of technologies like Ethernet, fibre optics, and InfiniBand, which provide improved capabilities for monitoring high-speed networks.

Download PDF Brochure @ Demand for network monitoring is surging due to a number of important issues that highlight how crucial it is to maintain reliable and strong network infrastructures. The growing need for cloud services is one of the main factors, as more and more businesses depend on cloud-based resources and apps to support their operations. The transition to cloud computing calls for the installation of sophisticated network monitoring systems that can guarantee the best possible performance, security, and dependability of networks and applications hosted on the cloud. In addition, the proliferation of devices, endpoints, and networked systems in contemporary network environments has increased their complexity, making it more important than ever to continuously monitor these environments in order to identify and prevent possible problems before they arise. Furthermore, the increasing threat landscape—which includes network vulnerabilities and cybersecurity breaches—has highlighted how crucial it is to put strong network monitoring systems in place in order to reduce risks and protect critical data. In order to address these changing needs, the network monitoring market is expected to grow significantly in the upcoming years as organisations prioritise network resilience, uptime, and performance optimisation.

Inquire Before Buying @ Network Monitoring Market for enterprises segment is expected to hold largest share from 2022 to 2027 During the projection period, the enterprise segment is expected to continue to hold its significant position as the market leader for network monitoring, having emerged as the market leader in 2021. This dominance is explained by the vital role that reliable network operations and high-performance connections play in supporting sophisticated enterprise applications. Businesses are depending more and more on complex systems to handle massive amounts of data effectively, which makes trustworthy network monitoring solutions necessary to guarantee high throughput, consistent uptime, and dependable connectivity. Organisations may optimise network performance, prevent disruptions, and proactively identify and handle possible issues by putting comprehensive network monitoring solutions into place. The enterprise segment is well-positioned to propel notable expansion in the network monitoring market, catering to the changing requirements of contemporary corporate settings, as the desire for smooth connectivity and effective data management persists across diverse industrial verticals.

Software & Services to dominate network monitoring market during forecast period The software and services sector became the market leader in network monitoring in 2021 and is expected to stay there for the duration of the forecast. Numerous reasons are changing traditional network management approaches, which is driving this trend. Organisations can increase efficiency and streamline operations by implementing cross-domain management activities, which are defined as the integration of different network management services. Furthermore, the industry is undergoing a change due to the emergence of Software as a Service (SaaS)-based network management solutions, which provide scalable and affordable substitutes for conventional software deployments. With its focus on performance SLAs, cloud monitoring is becoming more and more important for guaranteeing the dependability and responsiveness of cloud-based networks. In addition, the evolution of network management technologies, tools, and techniques is being propelled by the growth of sophisticated network infrastructures, the convergence of technologies, and the broad acceptance of virtualization. Software and service providers are positioned to be crucial in helping enterprises navigate the changing landscape of network management by offering cutting-edge solutions that are suited to the needs of contemporary IT systems.

Browse For More Details - Network monitoring market for InfiniBand technology to witness highest CAGR during forecast period Network monitoring equipment with InfiniBand technology has become a critical option for enterprises looking to maximise networking infrastructure at the lowest possible cost. The increasing needs for high bandwidth, low-latency computation, and effective storage and management across a unified fabric are compellingly addressed by this technology. Because of its unmatched connectivity efficiency, simplified complexity, and greater performance, InfiniBand shines out when it comes to solving important IT infrastructure problems. Inter-tier communication, application clustering, and storage area networks are just a few of the many applications that InfiniBand is well-suited for. It can support connections up to 120 Gbps and excels at delivering outstanding latency performance and stability. With a small number of businesses spearheading its growth, the InfiniBand switch systems industry is still somewhat specialised despite its evident advantages.

North America held significant share of Network Monitoring Market in 2021 and is expected to follow the trend by 2027 North America became the market leader in 2021, and this trend is expected to continue for the duration of the forecast. This dominance results from the broad adoption of cutting-edge data centre technology as well as the rising needs for IT capacity. Significant growth is expected in the US market, mostly due to a boom in the usage of cloud services. In order to avoid the upfront costs of building new data centres and maintain business continuity, many organisations are leaning towards cloud alternatives. Furthermore, the US's market position is strengthened by the fact that it is home to the headquarters of significant international cloud service providers like Microsoft and Amazon Web Services (AWS).

Key players in the network monitoring market include Gigamon (US), NETSCOUT (US), Keysight Technologies (US), Viavi, APCON (US), and Garland Technology (US), Cisco (US), Broadcom (US), Arista Networks (US), Juniper Networks, Inc. (US), Zenoss (US) are among the leading companies in the network monitoring market. Apart from these, Network Critical (UK), CALIENT Technologies (CALIENT) (US), Netgear (US), Motadata (US), Riverbed Technology (US), Accedian Networks (US), Datadog (US), Kentik (US), Auvik Networks (Canada), LogicMonitor (US) and Paessler (Germany) are among a few emerging companies in the network monitoring market.

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