New Study on Network Monitoring Market 2018-2024 Industry Trends & Forecast | Key Players Are NetScout, Ixia, Netgear, Juniper Networks, Big Switch Networks, Broadcom, Network Critical, CALIENT Technologies, and Motadata.

Global Market Insights, Inc. present the report on Network Monitoring Market evaluates the growth trends of the industry through historical study and estimates future prospects based on comprehensive research. The report extensively provides the market share, growth, trends and forecasts for the period 2018-2024.

Network Monitoring Market will grow at a fast rate in the forecast timeframe as it is essential for enterprises to have robust network monitoring functionalities to ensure smooth and highly secure operations of the network infrastructure. The network monitoring solutions assist in monitoring & managing the flow of traffic and examining it for any abnormalities that can affect the network security, availability, and performance.

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The network monitoring market tools also assist the enterprises to generate performance charts and log files that help in enhancing system capabilities, allowing users to modify system settings for optimum set-up. They also allow the users to automatically discover all the networking interfaces and devices assisting in the wireless access point and other hardware monitoring. Companies are also adopting these tools as they have the ability to quickly identify bandwidth issues and fix them at a faster rate.

The high initial investment required for the installation of network monitoring market tools is a major factor hampering market growth. The incorporation of the existing technologies and networks with the network monitoring market tools also involves huge costs, which limit various SMEs from adopting the network monitoring tools.

Priority should be given to increase the investments and development work in this sector as they carry massive critical user information, the breach of which will result into enormous loss of individual’s and country’s economy at large. The various technologies involved in network monitoring market include ethernet, fiber optic, and InfiniBand. The Ethernet technology holds the highest market share as it assists the enterprises in keeping a control on everything affecting the network. It includes verifying the cuts in networks and monitoring the network performance by detecting and automatically reacting to threats in real-time.

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Furthermore, the rise in the number of data centers’ demand for higher bandwidth is leading to the adoption of Ethernet-based network monitoring solutions as they deliver enhanced solutions with improved scalability and reduced latency.
The enterprises, government agencies, telecom providers, and cloud service providers are the major application areas using network monitoring market solutions. The enterprises hold the largest market share as they mainly rely on network monitoring for optimizing their network infrastructure. Furthermore, rapid digitalization, technological advancement, and rising consumer demands have propelled the enterprise networks to be made up of a number of interconnected networks.

Asia Pacific is projected to be the fastest growing region in the network monitoring market. The major factors attributed to the market growth include the rising disposable income and increase in the adoption of IoT & cloud computing technologies. Moreover, the rapid increase in cyberattacks across various industry verticals has enabled the enterprises residing in this region to adopt network monitoring market solutions to ensure their business’ safety and security along with providing enhanced customer service.
The major companies operating in the network monitoring market include NetScout, Ixia, Netgear, Juniper Networks, Big Switch Networks, Broadcom, Network Critical, CALIENT Technologies, and Motadata.

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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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Global Market Insights, Inc.
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