The Network Monitoring Market is expected to grow at a 6.9% CAGR from 2022 to 2027, from USD 2.2 billion in 2022 to USD 3.0 billion in 2027. As more businesses require high reliability to meet their stringent requirements, the demand for network performance monitoring equipment is increasing. Furthermore, the demand for robust network monitoring capabilities and highly reliable, scalable network monitoring equipment for mission-critical network infrastructure operations drives market growth. Overall, increasing demand for network monitoring solutions to ensure optimal network infrastructure performance is expected to drive market growth during the forecast period.

Key Players:

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.

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Solution & Services to hold largest share of Network Monitoring Market from 2018 to 2023

The growing network complexity, convergence of technologies, and increased virtualization implementation are transforming network management technologies, tools, and practises. Virtual networking, which is installed as part of server virtualization, is expected to have a gradual impact on network monitoring. As a result, enterprises are expected to adopt solutions and services that can monitor network infrastructure and application performance to ensure smooth network operations, fueling the network monitoring market's growth.

Monitoring equipment with 1 & 10 Gbps bandwidth to hold largest share of Network Monitoring Market from 2018 to 2023

From 2018 to 2023, network monitoring equipment with 1 and 10 Gbps bandwidth is expected to dominate the network monitoring market. These types of monitoring equipment are widely used by a wide range of end-users, including enterprises, telecommunications companies, government agencies, and service providers. While higher bandwidth monitoring equipment is gaining market traction, the prices of 1 and 10 Gbps bandwidth monitoring equipment have been declining, encouraging their adoption for optimal network development. As a result, these monitoring equipment types are expected to maintain their market dominance in the near future.

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Ethernet held largest share of Network Monitoring Market in 2018

In 2018, Ethernet technology held the largest share of the network monitoring market. This is due to the growth of data centres and the adoption of virtualization technology, both of which necessitate higher bandwidth network monitoring equipment. Ethernet networks provide more adaptable, scalable, and low-latency solutions. Furthermore, upgrading to higher bandwidth with Ethernet technology is both cost-effective and non-disruptive. This has made Ethernet a popular choice for data transfer in a variety of industries, fueling demand for Ethernet-based networking equipment and propelling the Ethernet-based network monitoring market forward.

Enterprise to hold largest share of Network Monitoring Market from 2018 to 2023

From 2018 to 2023, the enterprise segment is expected to hold the largest share of the network monitoring market. The growing use of virtualization technology and Big Data solutions, combined with increased employee mobility and the adoption of "bring your own device" strategies, has resulted in increased demand for network monitoring equipment. The need for high-performance, low-latency, and secure switching solutions has become critical in enterprises such as banking and finance, healthcare, retail and ecommerce, and media and entertainment, fueling market growth in this segment.

North America to hold largest share of Network Monitoring Market in from 2018 to 2023

From 2018 to 2023, the North American region is expected to hold the largest share of the Network Monitoring Market. The US market is expected to grow significantly as more businesses choose cloud services to save money on building new data centres for business continuity. Global cloud service providers such as Amazon Web Services (AWS) and Microsoft are also headquartered in the United States. Furthermore, the United States is home to more than half of the top companies in the Network Monitoring Market. These factors are expected to contribute to market growth in North America.

News Covered:

https://www.globenewswire.com/en/news-release/2022/07/05/2474122/0/en/Network-Monitoring-Market-worth-3-0-billion-by-2027-Exclusive-Report-by-MarketsandMarkets.html

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