The Growing Need for 100G Network Monitoring Market
The value of the Network Monitoring Market is anticipated to expand significantly, from USD 2.2 billion in 2022 to USD 3.0 billion by 2027. From 2022 to 2027, this translates into a compound annual growth rate (CAGR) of 6.9%. The process of studying and evaluating a computer network's performance in order to find and fix problems is known as network monitoring. The market for network monitoring is expanding as a result of factors including the complexity of networks increasing and the demand for real-time network monitoring and analysis rising. The paper also emphasises the sizeable development prospects in developing markets, such as those in Asia Pacific, the Middle East, and Africa.
The market for network monitoring is anticipated to expand as a result of rising cloud service demand, escalating network complexity and security worries, and the requirement for robust network monitoring systems to swiftly address downtime issues. As network infrastructures get more complicated and security threats become more advanced, continuous monitoring is becoming more and more crucial. The market for network monitoring is expanding as a result of the demand for real-time network performance analysis and monitoring. As more businesses adopt cloud services and as network infrastructures get more complicated, this growth is anticipated to continue. As a result, the market for network monitoring is anticipated to develop as demand for dependable and efficient network monitoring solutions rises.
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Key players 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) are among the leading companies in the network monitoring market. 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.
Due to the current data explosion, there has been an increase in the demand for larger bandwidths in data centres. Although 10 Gbps speed has been widely adopted for many years and is thought to be sufficient by the majority of small and medium-sized businesses (SMEs) and large corporations, the demand for larger bandwidths has grown increasingly urgent. As a result, employing InfiniBand or Ethernet interconnects, data centres all around the world are upgrading to 40 Gbps. Originally used by service providers, 100G is increasingly being welcomed by businesses, data centres, and governmental institutions. Over the past two years, 100G use in production networks has increased dramatically as a result of the introduction of QSFP28-based 100G technology. In turn, this increases demand for monitoring tools with a 100 Gbps bandwidth. Higher bandwidths are anticipated to become more widely used in the upcoming years because to the improved density and affordability of 100G systems.
Throughout the projected period, there is expected to be significant increase in the market for network monitoring among businesses. Businesses heavily rely on network traffic analyzer software to regularly optimise their network architecture. Every business needs a reliable and flexible network infrastructure to stay competitive in the digital age. By studying and reviewing each step of the network process, network monitoring tools assist businesses in enhancing their network performance. Due to the rising demand for maintaining and optimising the network infrastructure, these solutions are being widely used across key industries. In comparison to other market segments, the market for network monitoring for businesses is anticipated to expand at a faster compound annual growth rate (CAGR). This is a result of businesses' increasing need for network monitoring solutions as they realise how crucial it is to maintain a stable and effective network infrastructure in order to compete in the market.
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The Network Monitoring Market is anticipated to expand at the fastest rate during the projected period in the Asia Pacific (APAC) region. Government activities and investments are expanding in nations that are emerging technologically, including India, Japan, China, Singapore, and Australia. As a result, there have been more data centres built in the area, which is projected to fuel the demand for network monitoring. The demand for this market is also anticipated to be driven by the rising acceptance of digital technologies and the number of small- and medium-sized businesses in the APAC region. The acceleration of growth can be ascribed to technical developments as well as the requirements put forth by government regulatory bodies to embrace best-in-class standards and technologies.
The majority of APAC countries, including Singapore and India, are growing quickly thanks to the explosive growth of local businesses. Organizations must maximise network performance and guarantee the dependability and availability of their network in order to remain competitive in the market and contribute to long-term success. To accomplish this, network monitoring is essential. It is even more crucial for network operators to constantly monitor the network as firms move towards more collaborative, global, and flexible structures. Organizations can immediately discover and fix network problems with the use of network monitoring tools, assuring continuous connectivity and efficient operations. The fact that APAC is anticipated to have the largest growth in the network monitoring market during the projected period emphasises the significance of network monitoring in the region. Therefore, network monitoring is crucial for businesses in APAC to maintain their competitiveness, serve their clients, and prosper over the long run.
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