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.
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This report segments the network monitoring market by offering, bandwidth, technology, end user, and geography. Based on offering, the market has been further divided into equipment, solutions & services. The network monitoring market for solutions and services is expected to hold the largest share in 2018. Increased network complexities, converging technologies, and growing implementation of virtualization are expected to transform network management technologies, tools, and practices, and virtual networking installed as part of server virtualization will progressively influence network monitoring.
The network monitoring market, by bandwidth, has been segmented into 1 & 10 Gbps, 40 Gbps, and 100 Gbps. The demand for network monitoring is growing worldwide as a result of the ramp-up in the data generated and rapid technological evolution. New technologies include the advent of multi-core servers, server consolidation and virtualization, high-density computing, and IP storage network technologies. The deployment of these technologies and the need to handle data-intensive applications lead to the increasing requirement for network monitoring with high bandwidth.
The network monitoring market, by technology, has been segmented into Ethernet, fiber optic, and InfiniBand. Ethernet held the largest share of the market in 2018. The expansion of data center and increase in the adoption of virtualization technology boost the demand for network monitoring equipment with higher bandwidth. Ethernet-based networks deliver more agile and low-latency solutions with increased scalability. However, InfiniBand is expected to grow at the highest CAGR during the forecast period. InfiniBand has grown its market share over the past few years and is now widely used for input and output fabric interconnect in many organizations deploying virtualized or HPC platforms. InfiniBand is primarily used to coordinate server and processing resources to increase the efficiency of storage area networks and servers.
North America to hold largest share of network monitoring market in from 2018 to 2023
The market in the US is expected to experience greater traction as a significant number of organizations are likely to opt for cloud services to save their upfront cost of building new data centers for business continuity. Also, the US is home to global cloud service providers as well as for companies such as Amazon Web Services (AWS) and Microsoft (US), which provide data center infrastructure. Moreover, the leading companies in the network monitoring market account more than half of the revenue and are based in the US.
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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