Network Monitoring Market Analysis, Growth, Demand Future Forecast 2027
The Network Monitoring Market is projected to grow from USD 2.2 billion in 2022 to reach USD 3.0 billion by 2027; it is expected to grow at a Compound Annual Growth Rate (CAGR) of 6.9 % from 2022 to 2027.
The rise in demand for cloud services, surging demand for resilient network monitoring systems to quickly resolve downtime issues along with need for continuous monitoring due to rise in network complexities and security concerns is expected to fuel the growth of the Network Monitoring Market.
Key Players
Major vendors in the Network Monitoring Market include Gigamon (US), NETSCOUT (US), Keysight Technologies (US), Viavi, APCON (US), and Garland Technology (US), Cisco (US), Broadcom (US), Arista Networks (US), Juniper Networks, Inc. (US), Zenoss (US). Apart from these, Network Critical (UK), CALIENT Technologies (CALIENT) (US), Netgear (US), Motadata (US), Riverbed Technology (US), Accedian Networks (US), Datadog (US), Kentik (US), Auvik Networks (Canada), LogicMonitor (US) and Paessler (Germany) are among a few emerging companies in the Network Monitoring Market.
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=51888593
Surging demand for resilient network monitoring systems to quickly resolve downtime issues
When network devices fail, downtime, loss of productivity, or even security risks emerge. Hardware issues and errors can bring the entire infrastructure to a halt, while high CPU or network usage can slow operations to a painful grind. Network monitoring allows these trouble points to be quickly identified and addressed. Network monitoring helps to minimize the company’s downtime, and thus reduces costs. Many network monitoring solutions also provide added value by automatically adding new devices, mapping network topology, and revealing malicious activity or possible breaches. It is also essential to increase the overall productivity of the network.
Proliferation of Internet of Things (IoT) and Bring Your Own Device (BYOD) phenomenon
The BYOD phenomenon, i.e., Bring Your Own Device, refers to the provision and use of personal mobile devices and applications by employees for both private and business purposes. The penetration of mobile devices is growing rapidly due to the increase in acceptance of BYOD among organizations. The variety of applications, services, and functions available on mobile devices leads to large amount of data being stored on devices and transferred to and from devices. Most of the data stored on mobile devices contain sensitive information, such as usernames, credit card numbers, and passwords. This growth in dependency on mobile devices is inspiring organizations to implement effective monitoring & analytics solutions. In recent years, there has been a mass-scale shift to remote working has ushered in yet more IoT connections, creating a huge challenge for network administration teams in the past years.
Browse For More Details - https://www.marketsandmarkets.com/Market-Reports/network-monitoring-market-51888593.html
Network Monitoring Market in Asia Pacific estimated to grow at the fastest rate during the forecast period
The Network Monitoring Market in Asia Pacific is expected to grow at the highest CAGR during the forecast period. Network monitoring companies are expanding their presence in Asia Pacific, where China, Japan, and India are expected to be the major countries driving the growth of the network monitoring market. Also, the increasing number of small- and medium-scale enterprises and the adoption of digital technologies in them further drive the demand for network monitoring solutions. Moreover, the increasing penetration of the internet and rising population of internet users in the region creates a massive amount of data that drives the demand for cloud-based services. All these parameters generate the need for high performing monitoring solutions across the network infrastructure in data centers.
Network Monitoring Market in Asia Pacific estimated to grow at the fastest rate during the forecast period
The Network Monitoring Market in APAC is expected to grow at the highest rate during the forecast period. Increasing government initiatives and investments from technologically developing countries, such as India, Japan, China, Singapore, and Australia, in APAC are driving the growth for increasing deployments of data centers in the region, which, in turn, is expected to drive the market for network monitoring. Also, the increasing number of small- and medium-scale enterprises and growing adoption of digital technologies will further drive the demand for this market. The surge in growth is attributed to the technological advancements, along with mandatory regulations imposed by government regulatory entities to adopt the best-in-class technology and standards.
News Covered:
About MarketsandMarkets™
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Visit Our Website: https://www.marketsandmarkets.com
Comments
Post a Comment