Press release
Network Monitoring Market: Accelerating Growth with Increased Cybersecurity Concerns and Technological Innovations
Network Monitoring Market Share
As network complexities surge and cybersecurity becomes a pressing issue, the network monitoring market witnesses continual expansion and robust growth.
What Is The Projected Market Size Of The Global Network Monitoring Market And Its Growth Rate?
• The global network monitoring market is set to expand from $2.84 billion in 2024 to $3.04 billion in 2025, reflecting a compound annual growth rate (CAGR) of 7.2%.
• Key growth factors include rising complexity of network environments, greater emphasis on performance optimization, and increased cybersecurity concerns.
• The market is expected to surge to $4.76 billion by 2029, growing at a CAGR of 11.8%, influenced by technological advances such as the integration of AI and machine learning, and the rise of cloud-based network deployments.
What Is Driving The Growth In The Network Monitoring Market?
The increasing demand for SaaS-based network monitoring solutions is fueling market growth. Software as a Service enhances network visibility and troubleshooting capabilities by providing real-time, user-specific data. The sector's growth is validated by significant increases in SaaS applications used by organizations, as represented in BetterCloud's 2023 report.
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Who Are the Key Players Driving Network Monitoring Market Growth?
• International Business Machines Corporation
• Broadcom Inc.
• Keysight Technologies Inc.
• Juniper Networks Inc.
• Arista Networks Inc.
• Splunk Inc.
• VIAVI Solutions Inc.
• Cisco Systems Inc.
• Datadog Inc.
• ManageEngine Inc.
What Are The Key Trends In The Network Monitoring Market?
• Incorporation of hybrid and multi-cloud network monitoring solutions
• Enhanced focus on end-user experience monitoring
• Collaborative network security solutions
• Integration of 5G network monitoring capabilities
• Compliance with data privacy regulations
What Are The Segments Of The Global Network Monitoring Market?
• Offering: Equipment, Network TAPs, Data Monitoring Switches, Solutions and Services
• Bandwidth: 1 and 10 Gbps, 40 Gbps, 100 Gbps
• Enterprise Size: Large Enterprise, SMEs
• Applications: IT and Telecom, BFSI, Healthcare, Energy and Utilities, Government, Retail, Industrial, Other Applications
Which Region Leads The Network Monitoring Market?
North America was the leading region in the network monitoring market in 2024. However, the Asia-Pacific region is expected to experience the fastest growth in the forthcoming years.
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What Is Covered In The Network Monitoring Market Global Market Report?
The report provides market size analysis, identifies subsegments, focuses on key players, analyses individual growth trends, evaluates market contributions, details key growth drivers, assesses industry challenges, and analyzes competitive developments.
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