Global Network Monitoring Market Research Report 2024-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2030

Global Network Monitoring Market Research Report 2024-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2030

Network Monitoring, a subset of network management, is a systematic attempt by a computer network to identify slow or failing components before they cause problems. For example, crashed, frozen, or overloaded servers; failed switches; failing routers; and other troublesome components can all potentially cause outages or network failures. Should some problem arise and trigger an outage, it is the role of the network monitoring system to alert the network administrator in a timely way. Network monitoring tools and systems constantly monitor a network’s health and reliability by tracking and logging network parameters and searching for trends.

Market Overview:

The latest research study on the global Network Monitoring market finds that the global Network Monitoring market reached a value of USD 2200.73 million in 2023. It’s expected that the market will achieve USD 3057.48 million by 2029, exhibiting a CAGR of 5.63% during the forecast period.

With the deep integration of the new generation of information technology and various fields of economic and social development, the situation of network security is becoming increasingly severe, and the important role of network security technology in safeguarding national security, supporting industrial transformation, serving social development and protecting public interests is increasingly prominent. In recent years, network security issues such as data security, privacy protection and network governance have attracted more and more attention from all parties. The technology foresight activities in the field of information technology carried out by various countries have taken the related technology direction of network security as one of the key research areas, and these trends have also provided the direction for the development of the network monitoring industry.

According to the research data of this report, the market size of the Network Monitoring industry will show a trend of no expansion during the forecast period. On the one hand, the growing popularity of SaaS-based network monitoring solutions has largely boosted the demand for products in SMEs. On the other hand, due to the increase in network complexity and security concerns, the need for continuous network monitoring by agencies such as governments, private enterprises, etc. is also increasing. In the case of government, large amounts of data are transferred in electronic format, and government agencies and departments are struggling to find fast and reliable technology to process their data. Network monitoring solutions will help government agencies quickly recover from network failures, remote configuration, network security, and protect critical network infrastructure from cyber-attacks and other adversities. At the same time, the United States, China and other countries are increasing their investment in network security. Therefore, under the promotion of various factors, the market size of the Network Monitoring industry will continue to expand.

Region Overview:

United States is projected to account for a considerable share of the Network Monitoring market and is expected to become the largest region by 2028.

Company Overview:

Datadog is one of the major players operating in the Network Monitoring market, holding a share of 18.58% in 2023.

Datadog is an essential monitoring and security platform for cloud applications. Datadog brings together end-to-end traces, metrics, and logs to make applications, infrastructure, and third-party services fully observable. These capabilities help businesses protect their systems, avoid downtime, and ensure customers have the best user experience.

Founded in 2003, Splunk is a global company—with more than 7,500 employees, 850 patents and availability in 21 locations worldwide—and provides an open, extensible data platform that enables data sharing across any environment to enable All teams in an organization get end-to-end visibility into every interaction and business process, with context. Build a strong data foundation with Splunk.

Segmentation Overview:

By type, Cloud-based segment accounted for the largest share of market in 2022.

On-Premises type products mainly refer to network monitoring that is usually done locally and only employees within the organization can securely access. By having network monitoring locally, users have a higher level of control than cloud-based solutions. Typically, an enterprise's in-house IT professionals may prefer to keep network monitoring software on-premises so they can personally configure the solution to fully meet their needs and monitor in real time.

Cloud-Based type products usually refer to network monitoring running on cloud infrastructure. Cloud-based network monitoring has enormous flexibility and scalability without significant capital expenditures. Cloud-based network monitoring checks performance anytime, anywhere on any connected device. If the latest software upgrade or version comes out, the user's Managed Service Provider (MSP) will handle the upcoming migration and will also provide all hardware resources to support network monitoring.

Application Overview:

By application, the Corporations segment occupied the biggest share from 2018 to 2022.

The products are divided into Governments, Corporations, and Individuals according to the different customer fields used by Network Monitoring.

Key Companies in the global Network Monitoring market covered in Chapter 3:

Netsurion
SolarWinds
Dynatrace
NinjaOne
Soneco
Splunk
ZOHO Corporation
LogicMonitor
Datadog
Auvik
Paessler
Progress

In Chapter 4 and Chapter 14.2, on the basis of types, the Network Monitoring market from 2019 to 2030 is primarily split into:

On-Premises
Cloud-Based

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Network Monitoring market from 2019 to 2030 covers:

Governments
Corporations
Individuals

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2019-2030) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)