Worldwide Network Monitoring Market Overview by Region, Type, Application and Forecast To 2023

1
MarketsandMarkets Presents
The Network Monitoring Market is expected 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 increasing number of
enterprises with strict reliability requirements
drives the need for network performance
monitoring equipment. Also, the need for highly
reliable, scalable network monitoring equipment
for robust network monitoring capabilities to
ensure smooth operations of mission-critical
network infrastructure contributes to the growth
of this market.
2
MarketsandMarkets Presents
Key Players 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. Download PDF Sample _at_
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3
MarketsandMarkets Presents
Monitoring equipment with 1 10 Gbps bandwidth
to hold largest share of Network Monitoring
Market from 2018 to 2023 Monitoring equipment
with 1 and 10 Gbps bandwidth is widely adopted
across various end users, such as enterprises,
telecom, government organizations, and service
providers. Currently, network monitoring
equipment with higher bandwidths is gaining
traction in the market. As a result, the prices
for monitoring equipment with 1 and 10 Gbps
bandwidth have been declining, which, in turn,
drive the adoption of these type of equipment for
optimum network development.
4
MarketsandMarkets Presents
Ethernet held largest share of Network Monitoring
Market in 2018 Ethernet held the largest share
of the said market in 2018. The expansion of data
centers and an increase in the adoption of
virtualization technology boost the demand for
network monitoring equipment with higher
bandwidths. Ethernet-based networks deliver more
agile and low-latency solutions with increased
scalability. The migration from low bandwidth to
high bandwidth with Ethernet technology is not
only cost-effective but is also possible without
any disruption. Thus, it is widely adopted by
several industries for data transfer, which, in
turn, drives the growth of Ethernet-based
networking equipment.
5
MarketsandMarkets Presents
Solution Services to hold largest share of
Network Monitoring Market from 2018 to
2023 Increasing network complexity, converging
technologies, and growing implementation of
virtualization are expected to transform network
management technologies, tools, and practices.
Virtual networking installed as part of server
virtualization will progressively influence
network monitoring. For More Details -
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etwork-monitoring-market-51888593.html
6
MarketsandMarkets Presents
Enterprise to hold largest share of Network
Monitoring Market from 2018 to 2023 High
technological developments across various
enterprises have generated large volumes of data.
The complexities within IT infrastructure
encourage enterprises to adopt virtualization
technology, thereby driving the growth of network
monitoring in enterprises. Also, factors such as
increasing employee mobility, growing adoption of
strategies such as bring your own device, and
rising utilization of advanced Big Data solutions
for operational data explosion impact the future
requirements for network monitoring. These
include high performance, low latency, and secure
switching solutions. Enterprises include banking
and finance, healthcare, retail and ecommerce,
and media and entertainment organizations.
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MarketsandMarkets Presents
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MarketsandMarkets Presents
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