According to the new research report "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
Demand for continuous monitoring due to rise in network complexities and security concerns to drive network monitoring market to reach USD 2.93 billion by 2023
The increasing number of enterprises with strict
reliability requirements drives the need for network performance
monitoring equipment. Network architecture is growing in complexity and
application delivery is becoming more time-sensitive. This demands the
need for highly reliable, scalable network monitoring equipment. The
need for robust network monitoring capabilities to ensure smooth
operations of mission-critical network infrastructure and the need to
quickly resolve downtime issues drive the growth of the network
monitoring equipment market.
Network monitoring helps to minimize the
company’s downtime, and thus reduces costs. It is also essential to
increase the overall productivity of the network. The network equipment
provider companies are trying to create a fully redundant network from
end to end; however, in many cases, this is not possible. This may be
because of the limitations in the architecture, lack of physical
redundancy, or budgets that restrict a fully redundant approach.
Download PDF Brochure:-
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=51888593
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=51888593
Today’s information-driven organizations face the
fundamental challenge of balancing the high availability of
business-critical information and maintaining its integrity and
security. Continuous monitoring is the process of constantly and
persistently monitoring technological assets, vulnerabilities,
configurations, and more importantly, the current network events to
discover new assets that may be vulnerable, as well as detect anomalies
or other suspicious activities.
Solution & services to hold largest share of network monitoring market from 2018 to 2023
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 & 10 Gbps bandwidth to hold largest share of network monitoring market from 2018 to 2023
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 largest share of network monitoring market in 2018
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.
Enterprise to hold largest share of network monitoring market from 2018 to 2023
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.
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.
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B
research on 30,000 high growth niche opportunities/threats which will
impact 70% to 80% of worldwide companies’ revenues. Currently servicing
7500 customers worldwide including 80% of global Fortune 1000 companies
as clients. Almost 75,000 top officers across eight industries worldwide
approach MarketsandMarkets™ for their painpoints around revenues
decisions.
Our 850 fulltime analyst and SMEs at
MarketsandMarkets™ are tracking global high growth markets following the
"Growth Engagement Model – GEM". The GEM aims at proactive
collaboration with the clients to identify new opportunities, identify
most important customers, write "Attack, avoid and defend" strategies,
identify sources of incremental revenues for both the company and its
competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants
(Positioning top players across leaders, emerging companies, innovators,
strategic players) annually in high growth emerging segments.
MarketsandMarkets™ is determined to benefit more than 10,000 companies
this year for their revenue planning and help them take their
innovations/disruptions early to the market by providing them research
ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence
and market research platform, "Knowledgestore" connects over 200,000
markets and entire value chains for deeper understanding of the unmet
insights along with market sizing and forecasts of niche markets.
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
No comments:
Post a Comment