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Network Monitoring Market Report In Depth Industry Analysis on Trends, Growth, Opportunities and Forecast till 2026

Author : Ronak Bora | Published Date : 2020-09-16 

Network monitoring market growth is fueled by growing bring-your-own-device (BYOD) work practice and rising usage of cloud applications. Along with these growth factors, the increasing need for 5G networks infrastructure, and the ever-increasing adoption of smartphones globally is also set to complement overall market growth over the coming years.

Network performance monitoring also empowers network administrators as well as managers to keep track of the quality of network service delivery and overall performance of the underlying network.  Through network monitoring one can anticipate potential interruptions or address network problems proactively. It further helps in maintaining a network that is free from congestion and keeps the business up and running.

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A network monitoring software helps the individual to monitor the performance of any IP-based device and also helps businesses to remotely visualize its system performance and to monitor traffic flow, bandwidth utilization, network services, routers and switches. These monitoring solutions basically collect data from a variety of sources like packets, SNMP, and flow data. Each of these gives a different perspective on the issue, which when combined, gives an overall picture of the scenario in question. The network monitoring appliances might be utilized on premises, in the cloud, or both for utmost visibility.

Network Monitoring market size is expected to exceed USD 5 billion by 2026. The extensive adoption of cloud applications, BYOD (Bring-Your-Own-Devices), smartphones, and growing demand for 5G networks infrastructure is expected to contribute significantly to the market growth.

Some major findings of the network monitoring market report include:

  • The extensive penetration of smartphones, cloud services, and connected devices across enterprises and consumers is supporting the network technology development
  • Technological advancements in telecom infrastructure in the Asia Pacific region are driving the demand for network performance monitoring solutions
  • The rising investments in the retail sector in the U.S. are supporting the market growth due to the rising demand to monitor Point-of-Sales (POS) traffic by using network performance monitoring solutions
  • Some of the major players operating in the network monitoring market are NETSCOUT systems, Inc., Riverbed Technology, Viavi Solutions Inc. and Broadcom
  • Companies operating in the market are focusing on the development of advanced services supporting Software-Defined Wide Area Network (SD-WAN) and Domain Name System (DNS) server monitoring that can enable network performance monitoring

The adoption of network performance monitoring solutions in Asia Pacific region is expected to grow at CAGR of over 15% between 2020 and 2026. The increasing adoption of smartphone and cloud applications in densely populated countries is attributed to market growth. For instance, according to GSMA, in 2018, smartphone adoption in India was 54%. The increasing number of smartphone users is enabling telecom operators to provide better network service quality. Telecom service providers are adopting network performance monitoring solutions to manage many subscribers. Enterprises operating in the region are facing cyber-threats and poor network performance. These factors are enabling enterprises to adopt network performance management solutions to enhance their network security and optimization.

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Companies operating in the industry are emphasizing new network monitoring solutions. For instance, in January 2019, Viavi Solutions Inc. launched the Observer Gigaflow, a network performance management software platform. This initiative helped the company to support its customers with better network redundancy and end-to-end visibility of their network infrastructure. Due to the extensive development in telecommunication infrastructure across enterprises, the demand for network monitoring market is expected to grow significantly over the forecast period.

Table of Contents (ToC) of the report:

Chapter 5.   Network Monitoring Market, By Component

5.1.  Key trends, by component

5.2.  Monitoring equipment

5.2.1. Market estimates and forecast, 2015 – 2026

5.2.2. Network monitoring switch

5.2.2.1.    Market estimates and forecast, 2015 – 2026

5.2.3. Network Terminal Access Point (TAP)

5.2.3.1.    Market estimates and forecast, 2015 – 2026

5.3.  Software platform

5.3.1. Market estimates and forecast, 2015 – 2026

5.4.  Service

5.4.1. Market estimates and forecast, 2015 – 2026

5.4.2. Professional services

5.4.2.1.    Market estimates and forecast, 2015 – 2026

5.4.3. Managed services

5.4.3.1.    Market estimates and forecast, 2015 – 2026

Chapter 6.   Network Monitoring Market, By Enterprise Size

6.1.  Key trends, by enteprise size

6.2.  SMEs

6.2.1. Market estimates and forecast, 2015 – 2026

6.3.  Large enteprises

6.3.1. Market estimates and forecast, 2015 – 2026

Browse complete Table of Contents (ToC) of this research report @ https://www.decresearch.com/toc/detail/network-monitoring-market

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. [email protected] | https://twitter.com/RonakBora26

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