The research analysis released by MarketsandMarketsTM predicts significant growth for the Network Monitoring Market. The market is anticipated to grow from USD 2.2 billion in 2022 to USD 3.0 billion in 2027, with a Compound Annual Growth Rate (CAGR) of 6.9% from 2022 to 2027.

The increased need for network monitoring solutions across many businesses is what is causing this steady development trajectory. Offerings include hardware, software, and services, as well as technologies like Ethernet, fibre optics, and InfiniBand. As businesses place a high priority on network performance and security, the market is expected to expand significantly, underscoring the critical role that network monitoring solutions play in the developing digital landscape.

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The market for network monitoring is seeing an increase in demand brought on by a number of causes. First of all, the growing use of cloud services is driving the demand for reliable network monitoring solutions to guarantee lag-free performance and connectivity. Second, to quickly discover and fix downtime issues and protect their operations from interruptions, organisations are looking for robust network monitoring solutions. Moreover, ongoing monitoring has become crucial to safeguard against potential attacks as network complexity and security concerns have increased. In order for businesses to succeed in the constantly changing digital environment, network reliability, security, and performance are prioritised. As a result, the market for network monitoring is anticipated to experience significant growth.

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

From 2022 to 2027, the enterprise segment is expected to continue to dominate the market for network monitoring. In 2021, this market segment already controlled the biggest share, and the projection period is likely to see no change in this sector's dominance. In order to manage enormous amounts of data effectively, advanced enterprise applications require high-performance connectivity, continuous uptime, high throughput, and high dependability. Enterprises are increasingly implementing network monitoring solutions to satisfy these demands, which are essential to ensure the smooth operation and optimum performance of their networks.

Network monitoring is essential for companies looking to maximise operational efficiency, reduce potential downtime, and reduce security threats given the rising reliance on digital technology and the complexity of enterprise networks. The market for network monitoring for businesses is expected to increase significantly over the next few years as demand for smooth network performance rises. As a result, this sector will play a big role in driving the market's growth as a whole.

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Software & Services to dominate network monitoring market during forecast period

The network monitoring market for software & services is anticipated to continue to rule during the forecast period, expanding on its higher share in 2021. Traditional network management strategies are changing as a result of the prominence of cross-domain management operations, Software as a Service (SaaS)-based network management, and performance service level agreements in cloud monitoring. Network management technologies, tools, and practises are undergoing a metamorphosis as a result of the growing complexity of networks, the convergence of technologies, and the increased acceptance of virtualization. As a result, software and services will be crucial in helping businesses to efficiently manage and monitor their networks for the best possible performance and security in the ever changing digital environment.

In the network monitoring market, the software & services segment enjoys a competitive edge since it offers companies scalable and adaptable solutions to meet the expanding needs of contemporary networks. The trend to cloud-based and SaaS network management solutions is a reflection of the demand for flexible and economical solutions to address the complexity and difficulties of modern network infrastructures. Software and services will stay at the forefront of network monitoring solutions as technology advances, enabling businesses to modify and optimise their network infrastructures for improved performance, efficacy, and dependability.

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

The market for InfiniBand network monitoring is anticipated to experience the greatest Compound Annual Growth Rate (CAGR) throughout the course of the forecast period. Due to its capacity to lower networking equipment prices while satisfying the demands for high bandwidth and low-latency compute, storage, and administration over a single fabric, InfiniBand-based network monitoring equipment is becoming more and more popular. By offering greater performance, decreased complexity, high interconnect efficiency, and dependable connections, InfiniBand tackles issues with IT infrastructure. InfiniBand scales numerous systems effectively, meets industry demands for high bandwidth features and Quality of Service (QoS), and supports connections up to 120 Gbps with great latency performance.

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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 continued to have a sizable market share for network monitoring, and it is anticipated that this trend will last the entire projection period. The dominance of the region can be linked to the rise in new data centre technology adoption and the need for IT capacity. Particularly in the US, significant growth is anticipated, as many businesses choose cloud services to avoid the up-front expenditures of constructing new data centres for business continuity. significant international cloud service providers like Amazon Web Services (AWS) and Microsoft, as well as top network monitoring market players with headquarters in the US, further bolster North America's position as a significant force behind the industry's growth in the years to come.

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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