Driving Forces: Uncovering the Factors Behind the $3.0 Billion Network Monitoring Market Projections
The Network Monitoring Market is expected to increase significantly, according to a MarketsandMarkets research analysis. With a projected value of USD 3.0 billion by 2027, the market, valued at USD 2.2 billion in 2022, is expected to grow at a noteworthy Compound Annual Growth Rate (CAGR) of 6.9% between 2022 and 2027.
The research divides the market into segments according to products, services, and software. It also considers end users, technology (Fibre Optic, Ethernet, and InfiniBand), and bandwidth (1&10 Gbps to 100 Gbps). The projected expansion highlights the growing significance of network monitoring solutions in diverse industries, underscoring the necessity of effective network infrastructure monitoring and management to satisfy the changing needs of the digital world.
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=51888593
A number of important reasons are propelling the growth of the network monitoring market. The growing dependence of enterprises on cloud infrastructure for their operations has resulted in a noteworthy increase in demand for cloud services. Resilient network monitoring systems are becoming more and more necessary, with an emphasis on quickly resolving downtime issues to guarantee uninterrupted business continuity. Furthermore, the increased complexity of network architecture and growing security concerns make constant network monitoring imperative. The need for strong network monitoring solutions is growing as businesses traverse complex digital environments, underscoring the market's critical role in responding to new problems and guaranteeing the effectiveness and security of network operations.
Inquire Before Buying @ https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=51888593
Network monitoring market for enterprises segment is expected to hold largest share from 2022 to 2027
With the most share in the Network Monitoring Market in 2021, the Enterprise category emerged as the market leader and is expected to stay that way for the duration of the forecast. Because sophisticated enterprise apps are so common, managing massive volumes of data requires high-performance connectivity, continuous uptime, high throughput, and outstanding reliability. Businesses are incorporating network monitoring solutions into their operations more and more in response to these needs. By adopting this strategic approach, organisations can improve performance, guarantee the smooth operation of their networks, and tackle the difficulties posed by handling substantial amounts of data. The Enterprise segment's continued significance highlights how important network monitoring is to sustaining good network performance and satisfying the changing demands of sophisticated business applications.
Software & Services to dominate network monitoring market during forecast period
The market for software and services related to network monitoring claimed a significant share in 2021, and this trend is expected to continue for the duration of the projection. Transformative variables including Software as a Service (SaaS) in network administration, cross-domain management operations, and performance service level agreements in cloud monitoring are responsible for the domination of software and services. With the introduction of more dynamic and responsive solutions, these advancements are altering conventional approaches to network administration. In addition, the environment is seeing a rise in the complexity of networks, a convergence of technologies, and a growing use of virtualization, all of which are causing a great deal of change in the tools, technologies, and techniques used in network administration.
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/network-monitoring-market-51888593.html
Network monitoring market for InfiniBand technology to witness highest CAGR during forecast period
Due to its capacity to reduce the cost of networking equipment while satisfying the needs for high bandwidth, low-latency computation, and integrated storage and administration over a single fabric, InfiniBand-based network monitoring equipment is becoming more and more popular. By providing better performance, lowering complexity, guaranteeing the maximum interconnect efficiency, and creating dependable and stable connections, InfiniBand addresses important IT infrastructure issues. With exceptional latency performance and support for connections up to 120 Gbps, InfiniBand is made to make it easier for numerous systems to scale effectively. High bandwidth, dependability, availability, and service quality are necessary for a wide range of applications, including storage area networks, inter-tier communication, application clustering, and inter-processor communication.
North America held significant share of network monitoring market in 2021 and is expected to follow the trend by 2027
North America dominated the network monitoring market in 2021, and it is expected that this trend would continue for the duration of the forecast period. The growing need for IT capacity and the broad adoption of new data centre technologies are the main factors driving the region's dominant market position. Due to the fact that more and more businesses are choosing to use cloud services rather than incur the upfront expenditures of constructing new data centres for business continuity, the US market is predicted to rise significantly. Global cloud service providers, such as Microsoft and Amazon Web Services (AWS), are a factor that further bolsters the US market's dominance in data centre infrastructure.
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.
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