According to the new market research report on the network monitoring market, the market is expected to reach from USD 1.82 billion in 2018 to USD 2.93 billion by 2023, at a CAGR of 9.9% from 2018 to 2023. 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.
Industries operating under regulatory norms for their business needs likely to implement network monitoring to control entire IT infrastructure, thereby driving growth of network monitoring market
Enterprises
Enterprises mostly rely on network monitoring solutions to optimize their network infrastructure on a daily basis. In the digital era, a smooth and agile network infrastructure is of utmost importance for every enterprise to be the frontrunner in the business landscape. Network monitoring solutions help enterprises improve their network performance by examining every aspect of the network process. These solutions are being widely adopted across major verticals due to the increased need for maintaining and optimizing the network infrastructure.
Telecommunications Industry
Telecommunications systems have rapidly evolved in the last few years with increasing demand for data connectivity. Managing these systems has become tedious not only in infrastructure and functionality managements but also in scope management. With the help of network monitoring, one can keep a track on telecom infrastructure as well as detect hardware failures or discrepancies that can cause potential revenue loss.
Government Organizations
Nowadays, a vast amount of data is being delivered in electronic format, and government agencies and departments are striving for fast and reliable technology to process their data. The government sector is looking for a secure, reliable, and high-performance network connectivity at a low cost. The network monitoring solutions will help the government sector in rapid disaster recovery from network failure, remote configuration, cybersecurity, and protection of critical network infrastructure from cyberattacks and other adversities.
Cloud Service Providers
Companies offering network services, infrastructure, and business applications in the cloud are considered cloud service providers. The trends in cloud computing are reaching new heights, with the growing data consumption and increasing mobility. Consumers and enterprises are opting for cloud services for backup and storage, and various other business processes due to increased security and mobility, as well as for cost reduction. Such cloud infrastructure denotes a critical part of business processes for their customers, who benefit from the scalability, elasticity, and security of cloud services. Hence, to keep the complex cloud infrastructure active, this end-user segment has found itself in an increasing need for network monitoring solutions and services.
North America to hold largest share of network monitoring market in from 2018 to 2023
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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630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
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