Network Monitoring Market

Network Monitoring Market

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Raksha Sharma

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The global network monitoring market size was valued at USD 2.24 Billion in 2022 and is likely to reach USD 4.08 Billion by 2031, expanding at a CAGR of 6.9% during the forecast period 2023–2031. The growth of the market is attributed to the surging demand for resilient network monitoring systems to quickly resolve downtime issues along with need for continuous monitoring.

In order to offer optimal performance for the business, network monitoring assists the administration in managing the networks' configuration, traffic, application performance, uptime, bandwidth consumption, server performance, and other network-related processes. Network monitoring employ a variety of data gathering methods, including Simple Network Management Protocol (SNMP), Syslog, scripts, and others, to evaluate the functioning of networks. According to the company operations, downtime incurs significant costs for an organization that can be reduced using network monitoring tools, which is anticipated to propel the market for network monitoring tools throughout the projected period. The market for network monitoring tools is expected to expand in the upcoming years as a result of growing IT infrastructure complexity and worries about security threats in a variety of industries, including business, energy & utilities, healthcare & medical, and others.

Network Monitoring Market Outlook

The global spread of COVID-19 has caused both industrialized and emerging economies to experience economic stagnation. Many governments implemented rigid rules including preserving social distance, restricting entry to public spaces, and banning remote work for the public and private sectors. Global market prospects for network monitoring tools have been established by user demand for high-speed connectivity and growing data reliance as a result of online activities at home and at work. Major companies are spending in R&D to provide high-end solutions in response to the need for unbroken connection from various end-user sectors, which is anticipated to accelerate the market expansion for network monitoring tools.

Market Trends, Drivers, Restraints, and Opportunities

  • Rising demand for real time network monitoring from end-user industries such as healthcare, BFSI, and automotive and IT is expected to drive the market.

  • Increasing telecommunication industry and rising dependency on high-speed connectivity for data management, work management and information free flow the network monitoring tools is projected to propel the market during the forecast period.

  • Availability of free network monitoring tools is anticipated to hinder the market.

  • High cost associated with network monitoring is expected to hamper the market in the coming years.

  • Proliferation of Internet of Things and Bring Your Own Device phenomenon is projected to create lucrative opportunities for market players. 

Scope of Network Monitoring Market Report

The report on the global network monitoring market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Network Monitoring Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2022

Historic Data

2016–2021

Forecast Period

2023–2031

Segmentation

Technology (Fiber Optic, Ethernet, and InfiniBand), Bandwidth (1&10 Gbps, 40 Gbps, and 100 Gbps), and Offerings (Software & Services and Equipment)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Riverbed Technology; SevOne; Broadcom; Juniper Networks, Inc.; Arista Networks, Inc.; Zenoss Inc.; IBM; Pico Quantitative Trading LLC; CALIENT Technologies; NETGEAR; Cisco Systems, Inc.; Gigamon; NETSCOUT; Keysight Technologies; VIAVI Solutions Inc.; APCON; and Garland Technology 

Network Monitoring Market Segment Insights

Infiniband segment to expand at a considerable CAGR

On the basis of technology, the network monitoring market is segmented into fiber optic, ethernet, and Infiniband. The Infiniband segment is projected to expand at a considerable CAGR during the forecast period. InfiniBand-based network monitoring equipment is employed to lower networking equipment prices and satisfy the demands for high bandwidth, low latency computation, storage, and administration via a single fabric. InfiniBand tackles issues with IT infrastructure by offering customers improved performance, decreased complexity, the best interconnect efficiency, and dependable and stable connections. Excellent goods and performance with low latency are provided by InfiniBand, which supports connections of up to 120 Gbps. It was developed to support the effective scalability of several systems.

Network Monitoring Market Technology 

40 Gbps segment to hold a significant share of the market

Based on bandwidth, the market is divided into 1&10 Gbps, 40 Gbps, and 100 Gbps. The 40 Gbps segment is expected to hold a significant share of the market in the coming years. Core network installations and data centers are using monitoring hardware with 40 Gbps capacity.  The demand for more bandwidth is being driven by the rising demand for servers and virtualization technologies, as well as the developing data center sector. These network monitoring devices offer affordable switching options and are optimized. Additionally, this drastically lowers the needed number of switches on the same network.

Software & Services segment to expand at a substantial CAGR

On the basis of offerings, the network monitoring market is segregated into software & services and equipment. The software & services segment is anticipated to expand at a substantial CAGR during the forecast period. Traditional network management is projected to be redefined by cross-domain management operations, the Software as a Service (SaaS)-based network management industry, and performance service level agreements in cloud monitoring. In addition, it is anticipated that expanding virtualization use, convergent technologies, and network complexity would alter network management technologies, tools, and practices.

Network Monitoring Market Offering

North America is anticipated to constitute a key market share

In terms of regions, the market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is expected to constitute a key share of the market during the forecast period, owing to the increasing IT capacity requirements and rising adoption of new data center technologies in the region. The market in Asia Pacific is anticipated to expand at a rapid pace during the forecast period. Network monitoring firms are growing their presence in Asia Pacific where China, Japan, and India are anticipated to be the key nations driving the growth of the network monitoring market.

Network Monitoring Market Region

Segments

The global network monitoring market has been segmented on the basis of

Technology

  • Fiber Optic
  • Ethernet
  • InfiniBand

Bandwidth

  • 1&10 Gbps
  • 40 Gbps
  • 100 Gbps

Offerings

  • Software & Services
  • Equipment

Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

  • Riverbed Technology
  • SevOne
  • Broadcom
  • Juniper Networks, Inc.
  • Arista Networks, Inc.
  • Zenoss Inc.
  • IBM
  • Pico Quantitative Trading LLC
  • CALIENT Technologies
  • NETGEAR
  • Cisco Systems, Inc.
  • Gigamon
  • NETSCOUT
  • Keysight Technologies
  • VIAVI Solutions Inc.
  • APCON
  • Garland Technology

Competitive Landscape

Key players competing in the global network monitoring market are Riverbed Technology; SevOne; Broadcom; Juniper Networks, Inc.; Arista Networks, Inc.; Zenoss Inc.; IBM; Pico Quantitative Trading LLC; CALIENT Technologies; NETGEAR; Cisco Systems, Inc.; Gigamon; NETSCOUT; Keysight Technologies; VIAVI Solutions Inc.; APCON; and Garland Technology.

The market for network monitoring tools is quite competitive, with several international competitors vying for a bigger market share. For a competitive edge, new market entrants are concentrating on creating high-end solutions. The market's leading competitors are concentrating on collaborations, mergers, and acquisitions to meet the rising need for network monitoring tools.

Network Monitoring Market Keyplayers

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Network Monitoring Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Network Monitoring Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Network Monitoring Market - Supply Chain
  4.5. Global Network Monitoring Market Forecast
     4.5.1. Network Monitoring Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Network Monitoring Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Network Monitoring Market Absolute $ Opportunity
5. Global Network Monitoring Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Network Monitoring Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Network Monitoring Demand Share Forecast, 2019-2026
6. North America Network Monitoring Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Network Monitoring Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Network Monitoring Demand Share Forecast, 2019-2026
7. Latin America Network Monitoring Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Network Monitoring Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Network Monitoring Demand Share Forecast, 2019-2026
8. Europe Network Monitoring Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Network Monitoring Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Network Monitoring Demand Share Forecast, 2019-2026
9. Asia Pacific Network Monitoring Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Network Monitoring Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Network Monitoring Demand Share Forecast, 2019-2026
10. Middle East & Africa Network Monitoring Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Network Monitoring Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Network Monitoring Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Network Monitoring Market: Market Share Analysis
  11.2. Network Monitoring Distributors and Customers
  11.3. Network Monitoring Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. Riverbed Technology
     11.4.2. SevOne
     11.4.3. Broadcom
     11.4.4. Juniper Networks, Inc.
     11.4.5. Arista Networks, Inc.
     11.4.6. Zenoss Inc.
     11.4.7. IBM
     11.4.8. Pico Quantitative Trading LLC
     11.4.9. CALIENT Technologies
     11.4.10. NETGEAR
     11.4.11. Cisco Systems, Inc.
     11.4.12. Gigamon
     11.4.13. NETSCOUT
     11.4.14. Keysight Technologies
     11.4.15. VIAVI Solutions Inc.
     11.4.16. APCON
     11.4.17. Garland Technology

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FAQ Section

Some frequently asked questions about this report!

Key players competing in the global network monitoring market are Riverbed Technology; SevOne; Broadcom; Juniper Networks, Inc.; Arista Networks, Inc.; Zenoss Inc.; IBM; Pico Quantitative Trading LLC; CALIENT Technologies; NETGEAR; Cisco Systems, Inc.; Gigamon; NETSCOUT; Keysight Technologies; VIAVI Solutions Inc.; APCON; and Garland Technology.

North America is expected to constitute a key share of the market during the forecast period.

The global network monitoring market is expanding at a CAGR of 6.9% during the forecast period, 2021–2030.

Increasing telecommunication industry and rising dependency on high-speed connectivity for data management, work management and information free flow the network monitoring tools is projected to propel the market during the forecast period.

The global network monitoring market size was valued at USD 2.1 billion in 2021.