Network Monitoring Market Size By Component (Monitoring Equipment [Network Monitoring Switch, Network Terminal Access Point (TAP)], Software Platform, Service [Professional Services, Managed Services]), By Enterprise Size (SMEs, Large Enterprises), By Network Speed (1 and 10 Gbps, 40Gbps, 100 Gbps, 400 Gbps), By Application (Government, IT & Telecom, BFSI, Healthcare, Energy & Utility, Retail, Industrial), Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2020 – 2026

Industry Trends

Network Monitoring Market size exceeded USD 2 billion in 2019 and is poised to grow at over 10% CAGR between 2020 and 2026.
 

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The industry is expected to undergo a radical shift as growing network traffic is propelling the demand for reliable & resilient network performance monitoring systems.
 

The advent of cloud computing, IoT, connected devices, and VoIP has further proliferated the market growth. Vendors are focusing on providing robust and uninterrupted real-time network insights to increase their market presence.
 

Increasing investments in network bandwidth capacity to propel the network monitoring market growth

The market is characterized by hefty investments from telecom providers to increase modulation in bandwidth and frequency. In addition, the deployment of 5G technologies with robust network resilience is surging the market revenue. For instance, in October 2019, China announced its five-year economic plan with an estimated USD 400 billion investment in 5G technology.
 

Unified network performance monitoring dashboards spurring the market demand of networking monitoring equipment in Germany

In Germany, the network monitoring equipment segment held over 20% market share in 2019 and is expected to show substantial growth through 2026. Network monitoring tools assist enterprises to generate performance charts and log files that help in enhancing system capabilities, allowing users to modify system settings for optimum set-up. German enterprises are rapidly adopting these tools as they have the ability to quickly identify bandwidth issues and fix them at a faster rate.
 

Growing demand for uninterrupted network connectivity expanding the market share of SMEs in China

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In China, the SMEs segment dominated around 30% network monitoring market share in 2019 due to extensive uptake of network monitoring solutions by SMEs. SMEs mainly rely on network monitoring to optimize their network infrastructure.
 

In addition, rapid digitalization, technological advancements, and rising consumer demands have propelled enterprise networks to be made up of a number of interconnected networks. Chinese SMEs are adopting these tools as they provide a secure, reliable, and efficient operating environment.
 

Surging need for better bandwidth augmenting the market growth of 1 and 10 Gbps segment in Brazil

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In Brazil, the 1 and 10 Gbps network speed segment will register around 10% gains till 2026 owing to rising adoption of 1 and 10 Gbps bandwidths across a wide range of industries including government, healthcare, and telecom service providers. Due to rising technological advent and enhanced data generation, Brazilian enterprises are demanding higher bandwidth to capture market share and increase clientele.
 

Hypervigilant network security requirements driving the market size of the U.S. BFSI segment

In the U.S, the BFSI sector held over 20% of the market revenue share in 2019. BFSI enterprises require an IT infrastructure that is always available and meets rigorous internal & external service level requirements.
 

In addition, the majority of the BFSI enterprises in the U.S. are geographically distributed and deal with different technologies from legacy systems to hybrid cloud-based solutions. The extensive strain on such financial organizations to monitor the security of all the components with real-time data is driving the market value.
 

Robust IoT and cloud penetration fueling the market revenue in Asia Pacific

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Asia Pacific held a significant portion of the global network monitoring market with nearly 20% share in 2019. The major factors attributed to market growth include rising disposable income and an increase in the adoption of IoT & cloud computing technologies.
 

Furthermore, the rapid increase in cyberattacks across various industry verticals has pressurized enterprises residing in this region to adopt network monitoring solutions to ensure business safety & security along with enhanced customer service.
 

Focus on portfolio expansion and strategic alliances to create new market opportunities

Prominent players operating in the market are concentrating on strategic mergers and new product developments to expand their portfolio and gain a competitive edge in the dynamic market.
 

For instance, in February 2020, ExtraHop Networks, a global cyber analytics company, launched a new Network Detection and Response (NDR) services for the SME industry. The company also introduced a network performance monitoring analytics service, which will help enterprises of all sizes to leverage data-driven insights to monitor enterprise networks efficiently.
 

Some of the players operating in the industry include Accedian Networks, Inc., Apcon, Inc., AppNeta, Inc., Big Switch Networks, Inc., Broadcom, Inc., Cisco Systems, Inc., Colasoft, ExtraHop Networks, Inc., Garland Technology, LLC, Gigamon, Inc., IBM Corporation, Ixia (Keysight), Juniper Networks, Inc., LiveAction, Inc., Logic Monitor, Inc., NETSCOUT Systems, Inc., Riverbed Technology, Inc., SevOne, Inc., and Viavi Solutions, Inc.
 

The market research report on network monitoring includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2015 to 2026 for the following segments:
 

Market by Component

• Monitoring Equipment
  • Network Monitoring Switch
  • Network Terminal Access Point (TAP)
• Software Platform
• Service
  • Professional Services
  • Managed Services

Market by Enterprise Size

• Large Enterprises
• SMEs

Market by Network Speed

• 1 and 10 Gbps
• 40 Gbps
• 100 Gbps
• 400 Gbps

Market by Application

• IT & Telecom
• BFSI
• Healthcare
• Energy & Utility
• Government
• Retail
• Industrial

The above information has been provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Netherlands
• Asia Pacific
  • China
  • Japan
  • India
  • ANZ
  • South Korea
  • Southeast Asia
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Colombia
• MEA
  • South Africa
  • Saudi Arabia
  • Israel
  • UAE