Network Performance Monitoring Market Size Worth $4.2 Billion by 2031 | CAGR: 7.1%: AMR

Network Performance Monitoring Market by Component, by Enterprise Size, by End User : Global Opportunity Analysis and Industry Forecast, 2021-2031.

The Network Performance Monitoring Market Size was at $2.1 billion in 2021, and is estimated to reach $4.2 billion by 2031, growing at a CAGR of 7.1% from 2022 to 2031.

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The process of precisely determining traffic patterns, network usage, and other performance indicators is known as network performance monitoring. Good network monitoring solutions provide both quantitative data and graphical aggregate representations of the network's condition. Users benefit from having a clearer understanding of the events taking place so they can identify areas where modifications may be required.

According to network performance monitoring market research, the network performance monitoring platforms and network terminal access points (TAPs) segments collectively accounted for around 60% market share in 2021, with the former constituting around 33% share. The network access control (NAC) Appliances and network packet brokers (NPBs) appliances segments are expected to witness considerable CAGRs of 8% and 7%, respectively, during the forecast period.

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Competitive Analysis:
The competitive environment of Network Performance Monitoring Industry is further examined in the report. It includes details about the key players in the market's strengths, product portfolio, Network Performance Monitoring Market share and size analysis, operational results, and market positioning. It comprises the actions taken by the players to grow and expand their presence through agreements and entering new business sectors. Mergers and acquisitions, joint ventures, and product launches are some of the other techniques used by players.

Key Players:
Broadcom, Inc.
Cisco Systems, Inc.
Juniper Networks, Inc.
Keysight Technologies, Inc.
LogicMonitor Inc.
Microsoft Corporation
Nagios Enterprises, LLC
Paessler AG
Profitap HQ B.V.
SolarWinds Worldwide, LLC and Many More

Region wise, Asia-Pacific held a significant global network performance monitoring market share, due to the region's expanding 5G and wireless connectivity penetration, China currently dominates the regional market for North America. The main drivers of the growth of the network performance monitoring market in Asia-Pacific are the rapid advancements in the network as a service (NaaS) technology and the rise in awareness for personalized network design and planning. Moreover, rapid urbanization and an increase in ICT to enhance the network infrastructure and streamline technological network performance management are the primary factors that drive the growth of the network performance monitoring industry in Asia-Pacific, North America, and Europe.

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The current estimation of 2031 is projected to be higher than pre-COVID-19 estimates. The COVID-19 outbreak has high impact on the growth of the network performance monitoring market, as an increasing number of commercial wireless connectivity networks, growing adoption of a cloud computing solution, and surging adoption of automation and machine learning systems (ML) provide lucrative opportunities for the growth of the network performance monitoring market. Therefore, during the forecast period, the need to manage costs in post-COVID-19 environments will undoubtedly be a significant growth driver for the use of network performance monitoring across various verticals.

Numerous workers are now working from home for the first time as a result of the rising COVID-19 instances throughout the globe. The risk to network security has escalated due to this distant workforce. Businesses require the appropriate solutions to support network infrastructure flexibility and protection for remote working. Before making any more network improvements, network performance monitoring assist firms in identifying their network risks and weaknesses. As a result, during the pandemic, network performance monitoring has risen in popularity. popular. Consequently, COVID-19 has a significant impact on the market for network performance monitoring.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports Insights" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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