Press release
Network Monitoring Market Challenges, Top Players, Demand, Share And Trends 2023
Network Monitoring Market
The Business Research Company's Network Monitoring Global Market Report 2023 identifies rising popularity of SaaS-based network monitoring solutions as the major driver for the Network Monitoring market's growth in the forecast period. Software as a service is a method of software distribution where a cloud provider hosts programs and makes them accessible to customers online. SaaS network monitoring enhances visibility, awareness, and the capacity to handle issues without relying on a service provider's help desk by providing real-time data directly from the user's browser.
The global network monitoring market size is expected to grow from $2.46 billion in 2022 to $2.68 billion in 2023 at a compound annual growth rate (CAGR) of 8.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global network monitoring market size is expected to grow to $3.77 billion in 2027 at a CAGR of 8.9%.
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Major competitors in the Network Monitoring market are Gigamon, NetScout Systems Inc., Keysight Technologies, VIAVI Solutions Inc., Apcon, Garland Technology.
A key trend in the Network Monitoring market includes technological advancements. Major companies operating in the network monitoring market are focused on developing new technological solutions to strengthen their position in the market. For instance, in July 2021, Netscout, a US-based provider of cybersecurity, service assurance, and business analytics solutions, launched nGeniusONE, a smart edge network monitoring platform for end-user insights. With complete visibility into infrastructure, dependencies, and applications, nGeniusONE provides a platform for monitoring and service assurance. Network traffic data may be continuously monitored and analyzed with the help of the instrument, which makes use of adaptive service intelligence technology.
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The Network Monitoring market is segmented -
• By Offering: Equipment, Network TAPs, Data Monitoring Switches, Solutions and Services
• By Bandwidth: 1 and 10 Gbps, 40 Gbps, 100 Gbps
• By Enterprise Size: Large Enterprise, SMEs
• By Applications: IT and Telecom, BFSI, Healthcare, Energy and Utilities, Government, Retail, Industrial, Other Applications
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Network Monitoring market.
The Business Research Company's "Global Network Monitoring Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Network Monitoring Market Include:
1. Executive Summary
2. Network Monitoring Market Characteristics
3. Network Monitoring Market Trends And Strategies
4. Network Monitoring Market - Macro Economic Scenario
5. Network Monitoring Market Size And Growth
………………………………………………………………..
26. Africa Network Monitoring Market
27. Network Monitoring Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Network Monitoring Market
29. Network Monitoring Market Future Outlook and Potential Analysis
30. Appendix
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