"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"
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.
Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
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.
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 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 of equipment for optimum network development.
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.
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.
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Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
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