According to the new research report "Network monitoring Market by Offering (Equipment and Solutions & Services), Bandwidth (1 & 10 Gbps, 40 Gbps, 100 Gbps), Technology (Ethernet, Fiber Optic, and InfiniBand), End User (Enterprises, Telecom), and Geography - Global Forecast to 2023", the overall network monitoring market is projected to reach from USD 1.67 billion in 2017 to USD 2.93 billion by 2023, at a CAGR of 9.9% during the forecast period. The growing number of enterprises with strict reliability requirements drives the need for network performance monitoring equipment. Also, the need for extremely reliable, scalable network monitoring equipment for robust network monitoring capabilities to ensure smooth operations of mission-critical network infrastructure contributes to the progress of this market.
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- Solutions & Services
- 1 & 10 Gbps
- 40 Gbps
- 100 Gbps
- Fiber Optic
By End User:
- Telecommunications Industry
- Government Organizations
- Cloud Service Providers
The market in the US is anticipated to experience better traction as a substantial number of organizations are likely to opt for cloud services to save their upfront cost of building new data centers for business continuousness. Also, the US is home to global cloud service providers as well as for companies such as Amazon Web Services (AWS) and Microsoft (US), which provide data center infrastructure. Furthermore, the leading companies in the network monitoring market account more than half of the revenue and are based in the US.
Gigamon (US), NetScout Systems, (NetScout) (US), Ixia (US), VIAVI Solutions (Viavi) (US), APCON (US), and Garland Technology (US) are among the leading companies in the network monitoring market. Also, a few major companies, namely, Broadcom (Broadcom) (US), Juniper Networks (US), Big Switch Networks (US), Zenoss (US), Network Critical (UK), Corvil (Ireland), CALIENT Technologies (CALIENT) (US), Netgear (US), and Motadata (US) have also been profiled in the report.
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