Which are the emerging companies in the network monitoring market?

The network monitoring market is expected to reach from USD 1.82 billion in 2018 to USD 2.93 billion by 2023, at a CAGR of 9.9% from 2018 to 2023. The increasing number of enterprises with strict reliability requirements drives the need for network performance monitoring equipment. Network architecture is growing in complexity and application delivery is becoming more time-sensitive.

• Download PDF Brochure:-
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=51888593

This demands the need for highly reliable, scalable network monitoring equipment. The need for robust network monitoring capabilities to ensure smooth operations of mission-critical network infrastructure and the need to quickly resolve downtime issues drive the growth of the network monitoring equipment market. Data centers across the world are running at 10 gigabits-per-second (Gbps) speeds and moving to 40 Gbps, using InfiniBand or Ethernet interconnects. Although 10 Gbps speed has been in adoption for years and often viewed as enough by most SMEs and large enterprises, due to the data explosion in the recent years, these enterprises are compelled to shift to higher bandwidths.

Service providers initially embraced 100G, and it is now being adopted by enterprises, data centers, and government organizations. The launch of QSFP28-based 100G technology has improved the density and cost of 100G solutions and has driven a surge in 100G adoption in production networks over the past 2 years, which, in turn, drives the demand for monitoring equipment with 100 Gbps bandwidth. The network monitoring market for enterprises is expected to grow at a higher CAGR during the forecast period. Enterprises mostly rely on network traffic analyzer solutions to optimize their network infrastructure on a daily basis. In the digital era, a smooth and agile network infrastructure is of utmost importance for every enterprise to be the frontrunner in the business landscape. Network monitoring solutions help enterprises improve their network performance by examining every aspect of the network process. These solutions are being widely adopted across major verticals, due to the increased need for maintaining and optimizing the network infrastructure.

The network monitoring market in APAC is expected to grow at the highest rate during the forecast period. Increasing government initiatives and investments from technologically developing countries, such as India, Japan, China, Singapore, and Australia, in APAC are driving the growth for increasing deployments of data centers in the region, which, in turn, is expected to drive the market for network monitoring. Also, the increasing number of small- and medium-scale enterprises and growing adoption of digital technologies will further drive the demand for this market.

The surge in growth is attributed to the technological advancements, along with mandatory regulations imposed by government regulatory entities to adopt the best-in-class technology and standards. Most countries in APAC, such as Singapore and India, are experiencing high-growth rates, fueled by rapid expansion of domestic enterprises. Network monitoring helps in optimizing network performance to stay competitive in the market, benefit customers, and contribute to the long-term success of any organization. For this, it is imperative to ensure the reliability and availability of the network. As organizations continue to migrate to more collaborative, global, and agile structures, it becomes crucial for network operators to continuously monitor the network.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441