The global Network Monitoring Market is predicted to expand significantly over the next few years, according to a study named "Network Monitoring Market with COVID-19 Impact" that was released by MarketsandMarketsTM. The market, which was valued at USD 2.2 billion in 2022, is anticipated to rise at a compound annual growth rate (CAGR) of 6.9% from 2022 to 2027, reaching USD 3.0 billion.

Due to a number of important considerations, the market for network monitoring is expected to rise significantly. First off, there is a significant rise in the demand for cloud services, which has increased the demand for reliable network monitoring tools. Effective monitoring tools are needed by organisations as they move their infrastructure and services to the cloud in order to maintain network performance, availability, and security.

Second, the requirement to swiftly locate and fix downtime issues is what is driving the spike in demand for resilient network monitoring solutions. Downtime can cause firms to lose a lot of money and harm their reputation. In order to enable organisations to handle issues quickly and reduce downtime, there is a rising emphasis on implementing monitoring systems that can proactively detect network faults and offer real-time notifications.

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Network monitoring market for enterprises segment is expected to hold largest share from 2022 to 2027

From 2022 to 2027, the enterprise segment is anticipated to hold the biggest market share for network monitoring. It already held the greatest share of the market in 2021, and it is anticipated that it will continue to hold this position throughout the forecast period. Today's businesses rely largely on cutting-edge software that demands high-performance connectivity, constant uptime, high throughput, and high reliability in order to efficiently handle and process enormous amounts of data. Enterprises are increasingly embracing network monitoring solutions to meet these stringent standards.

In order to guarantee that enterprise networks function properly and safely, network monitoring is essential. Enterprises may proactively monitor their networks, spot possible performance problems or security concerns, and respond quickly to minimise them by using network monitoring solutions. This promotes network efficiency, reduces downtime, and protects critical data. The enterprise section includes a variety of sectors, including manufacturing, government and defence, IT and telecommunications, and healthcare. The requirement for dependable and strong network monitoring solutions is critical in each of these industries. Businesses in these sectors are aware of how important network monitoring is to enabling efficient operations, boosting productivity, and guaranteeing a flawless user experience.

Software & Services to dominate network monitoring market during forecast period

The software and services segment is anticipated to rule the network monitoring market during the time of forecasting. In 2021, this segment already had a bigger share, and it is anticipated that this tendency will continue in the ensuing years. The market domination of software and services in network monitoring is caused by a number of causes. In order to successfully monitor and manage complex networks, there is an increasing demand for cross-domain management operations, which calls for complete software solutions and professional services. Businesses are looking for integrated network monitoring technologies that can give them a comprehensive overview of their whole network infrastructure and make performance optimisation and troubleshooting easier.

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Additionally, the emergence of Software as a Service (SaaS)-based network administration is changing conventional methods of network management. SaaS-based solutions are appealing options for businesses looking for network monitoring capabilities because of their flexibility, scalability, and ease of setup. Real-time monitoring, data analysis, and reporting are made possible by these cloud-based solutions, enabling organisations to take well-informed decisions and quickly fix network faults. Another reason promoting the use of performance service level agreements (SLAs) in cloud monitoring is their domination over other types of goods and services. As more businesses rely on cloud services for their IT infrastructure, it is crucial to guarantee service quality and availability. In order to monitor cloud performance, adhere to SLAs, and provide insights for service improvement, network monitoring tools and services are essential.

Network monitoring market for InfiniBand technology to witness highest CAGR during forecast period

The market for InfiniBand network monitoring is anticipated to develop at the greatest compound annual growth rate (CAGR) over the course of the forecast period. Due to its capacity to meet the demands for high bandwidth, low-latency computation, and effective storage and management over a single fabric, InfiniBand-based network monitoring equipment is becoming more and more popular. Numerous advantages of infiniband technology make it desirable for network monitoring. It provides higher performance while assisting in lowering the cost of networking equipment. InfiniBand enables dependable and robust connections by delivering high interconnect efficiency, overcoming the difficulties faced by IT infrastructure. It offers great latency performance and scalability for numerous systems, supporting connections up to 120 Gbps.

Numerous market areas, including storage area networks, application clustering, inter-processor communication, and inter-tier communication, call for qualities like high bandwidth, QoS, availability, and dependability. These requirements are successfully met by InfiniBand technology, making it the favoured option in these areas. It is important to remember that only a small number of businesses are currently working on developing InfiniBand technology. The market for InfiniBand switch systems is anticipated to expand at the fastest rate in the upcoming years notwithstanding this restriction.

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North America held significant share of network monitoring market in 2021 and is expected to follow the trend by 2027

In 2021, North America accounted for a sizable portion of the global network monitoring market, and this trend is anticipated to last until 2027. The dominance of the region in the industry can be ascribed to growing demands for IT capacity and the adoption of new data centre technologies. The market's expansion in North America is anticipated to be particularly driven by the United States. In order to meet their IT requirements and avoid the upfront expenditures associated with constructing new data centres, many US-based businesses are choosing cloud services. The US industry is further strengthened by the existence of major cloud service providers like Microsoft and Amazon Web Services (AWS), which offer infrastructure and support for data centres.

Additionally, the top network monitoring companies, which account for a sizeable amount of the market's income, are primarily situated in the United States. The dominance of North America in the network monitoring business is further aided by this concentration of important market participants. In general, it is anticipated that North America will continue to hold a sizeable market share in the market for network monitoring over the projection period. Increased demand for IT capacity, the use of new data centre technologies, and the presence of significant cloud service providers in the region will all contribute to the market's growth in North America, with the US playing a significant role in determining the market's overall direction.

Key players in the network monitoring market include Gigamon (US), NETSCOUT (US), Keysight Technologies (US), Viavi, APCON (US), and Garland Technology (US), Cisco (US), Broadcom (US), Arista Networks (US), Juniper Networks, Inc. (US), Zenoss (US) are among the leading companies in the network monitoring market. Apart from these, Network Critical (UK), CALIENT Technologies (CALIENT) (US), Netgear (US), Motadata (US), Riverbed Technology (US), Accedian Networks (US), Datadog (US), Kentik (US), Auvik Networks (Canada), LogicMonitor (US) and Paessler (Germany) are among a few emerging companies in the network monitoring market.

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