Network Monitoring Market for Remote Workers: Best Practices and Tools
The Network Monitoring Market is anticipated to increase from USD 2.2 billion in 2022 to USD 3.0 billion by 2027, at a compound yearly growth rate (CAGR) of 6.9% during the course of the forecast period, according to a recent study by MarketsandMarketsTM. The market's expansion can be attributable to organisations' growing use of network monitoring tools to guarantee dependable network performance and security. The study focuses on a number of aspects that are propelling the network monitoring market's expansion, including the growing demand for cloud-based network monitoring solutions, the requirement for real-time network monitoring, and the expanding popularity of IoT gadgets. Insights into market segmentation based on offering, bandwidth, technology, end-user, and geography are also provided in the report. In general, the market for network monitoring is anticipated to expand significantly over the next few years as a result of the rising demand from a variety of industries, including BFSI, healthcare, and IT & telecom, for advanced network monitoring solutions.
The Network Monitoring Market is predicted to expand significantly over the coming years as a result of rising cloud service demand, the requirement for robust network monitoring systems to address downtime issues rapidly, and the complexity and security of networks themselves.
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Network monitoring market for enterprises segment is expected to hold largest share from 2022 to 2027
Throughout the anticipated period, the enterprise sector, which currently holds the biggest share, is anticipated to maintain its leadership in the network monitoring market. This is because sophisticated enterprise applications need high-performance connectivity, continuous uptime, high throughput, and great reliability to manage huge amounts of data. Network monitoring is being incorporated into businesses to satisfy these demands. The demand for network monitoring solutions in the corporate market is anticipated to increase dramatically over the next few years as a result of the growing usage of cloud services and the increasing requirement for resilient network monitoring systems to promptly address downtime concerns.
Software & Services to dominate network monitoring market during forecast period
Due to a number of factors, the software and services segment is anticipated to rule the network monitoring market over the forecasted period. Demand for software and services in the network monitoring market is being driven by the adoption of cross-domain management operations, the expansion of the software as a service (SaaS) based network management market, and the emergence of cloud monitoring services with performance service level agreements. Additionally, it is anticipated that network management technologies, tools, and practises will change due to the growing complexity of networks, the convergence of technologies, and the increasing use of virtualization. These elements are anticipated to support the software and services segment's dominance of the network monitoring market.
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Network monitoring market for InfiniBand technology to witness highest CAGR during forecast period
The market for InfiniBand network monitoring is anticipated to experience the greatest CAGR over the forecast period. To address the demands for high bandwidth, low latency compute, storage, and management via a single fabric, InfiniBand-based network monitoring equipment is deployed. Superior performance, less complexity, and dependable and robust connections are all provided. Excellent goods and performance with low latency are provided by InfiniBand, which supports connections of up to 120 Gbps. However, there is a small market for InfiniBand switch systems, and there aren't many businesses working to advance this technology. Despite this, it is anticipated to experience the fastest growth over the coming several years.
North America held significant share of network monitoring market in 2021 and is expected to follow the trend by 2027
In 2021, the North American region dominated the market for network monitoring, and it is anticipated that it will continue to hold this position during the forecast period. The two main reasons propelling the market expansion in this area are the increased demand for cloud services and the deployment of new data centre technologies. Due to the dominance of significant cloud service providers like Amazon Web Services and Microsoft, who provide data centre infrastructure, the US is the largest market for network monitoring. Additionally, the region is home to a number of the industry's top players, which supports the market's expansion for network monitoring.
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.
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