Network Monitoring

Network Monitoring

Global Network Monitoring Market to Reach US$5.6 Billion by 2030

The global market for Network Monitoring estimated at US$3.1 Billion in the year 2023, is expected to reach US$5.6 Billion by 2030, growing at a CAGR of 8.8% over the analysis period 2023-2030. Solutions & Services Component, one of the segments analyzed in the report, is expected to record a 9.3% CAGR and reach US$3.8 Billion by the end of the analysis period. Growth in the Equipment Component segment is estimated at 7.8% CAGR over the analysis period.

The U.S. Market is Estimated at US$805.0 Million While China is Forecast to Grow at 13.3% CAGR

The Network Monitoring market in the U.S. is estimated at US$805.0 Million in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.5 Billion by the year 2030 trailing a CAGR of 13.3% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 4.2% and 7.6% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 5.2% CAGR.

Global Network Monitoring Market - Key Trends and Drivers Summarized

How Is Network Monitoring Revolutionizing IT Infrastructure Management?

Network monitoring has become a cornerstone of modern IT infrastructure management, providing real-time visibility into network performance, availability, and security. It involves continuous tracking and analysis of network traffic, devices, and applications to identify potential issues, optimize performance, and ensure uptime. Network monitoring tools offer insights into bandwidth utilization, latency, packet loss, and device status, enabling IT teams to detect and resolve problems before they impact users. With networks becoming more complex and distributed, network monitoring has become essential for maintaining operational efficiency, especially in sectors like banking, healthcare, and telecommunications, where downtime can have severe consequences.

What Are the Key Segments in the Network Monitoring Market?

The primary types include packet-based monitoring, flow-based monitoring, and device-based monitoring, each focusing on different aspects of network performance. Deployment options range from on-premise solutions to cloud-based network monitoring services, with cloud-based solutions growing in popularity due to their scalability and lower maintenance costs. End-users of network monitoring tools include enterprises, data centers, service providers, and government agencies, all of which require robust monitoring to maintain network performance and security.

How Is Network Monitoring Being Adopted Across Industries?

The banking and financial sector is one of the largest adopters of network monitoring solutions, using them to ensure secure, reliable, and compliant transactions. The healthcare industry uses network monitoring to maintain the performance and security of healthcare information systems, protecting sensitive patient data. Telecom operators leverage monitoring tools to optimize network performance, reduce latency, and enhance service delivery. Additionally, government agencies and defense sectors use network monitoring to ensure secure communications and protect critical infrastructure from cyber threats.

What Factors Are Driving the Growth in the Network Monitoring Market?

The growth in the network monitoring market is driven by several factors, including the increasing complexity of network infrastructures, which requires continuous monitoring for optimal performance. The rise in cybersecurity threats has led to greater demand for real-time network visibility and threat detection capabilities. The growing adoption of IoT, cloud computing, and SD-WAN technologies is also fueling the need for comprehensive network monitoring solutions to manage and secure dynamic network environments. Additionally, the increasing focus on customer experience, particularly in telecom and financial services, is pushing organizations to adopt advanced monitoring tools that ensure network reliability and minimal downtime.

Select Competitors (Total 104 Featured) -

• APCON
• Big Switch Networks Inc.
• Broadcom
• Calient Technologies
• Cisco
• Corvil
• Garland Technology
• Gigamon
• Ixia
• Juniper Networks Inc.
• Mindarray Systems Pvt. Ltd.
• Netgear
• Netscout
• Network Critical
• VIAVI Solutions Inc.
• Zenoss Inc.

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