Network Monitoring Market Size, Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2019 - 2025
Report ID: GMI3015
Network Monitoring Market size 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.
The advancement in technology has led to an enhanced adoption of cloud computing, connected devices, and Voice over Internet Protocol (VoIP) due to which the traffic on the networks has increased tremendously, slowing down the overall network functioning speed. Hence, to reduce this stress on the network, enterprises are adopting network monitoring solutions, driving the market growth. The software assists the companies in keeping a check on the inward and outward flowing of data along with the source and destination of data traffic analyzing the reasons for congestion.
The network monitoring 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 tools is a major factor hampering market growth. The incorporation of the existing technologies and networks with the network monitoring 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 1 & 10 Gbps bandwidth segment dominates the networking monitoring market and is adopted across a wide range of industries including government, healthcare, enterprises, telecoms, and related service providers. Due to the rising technological advent and enhanced data generation, companies now demand higher bandwidth due to which the growth of higher bandwidth is expected to grow over the forecast period.
The various technologies involved in network monitoring 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. 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 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. Hence, enterprises adopt these tools as they provide a secure, reliable, and efficient operating environment.
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 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. These companies concentrate on strategic partnerships to expand their presence in a highly competitive market. For instance, in February 2015, IBM partnered with Juniper Networks to build smarter networks by providing real-time network insights to their customers. This partnership leads to the optimization of network operations ensuring reliability of the network, thereby improving customer engagement.
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