Lewes, Delaware, Aug. 12, 2024 (GLOBE NEWSWIRE) -- The Global Network Monitoring Market Size is projected to grow at a CAGR of 5.90% from 2024 to 2031, according to a new report published by Verified Market Research®. The report reveals that the market was valued at USD 2.12 Billion in 2024 and is expected to reach USD 3.35 Billion by the end of the forecast period.
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Browse in-depth TOC on “Global Network Monitoring Market Size”
202 - Pages
126 – Tables
37 – Figures
Scope Of The Report
| REPORT ATTRIBUTES | DETAILS |
| STUDY PERIOD | 2021-2031 |
| BASE YEAR | 2024 |
| FORECAST PERIOD | 2024-2031 |
| HISTORICAL PERIOD | 2021-2023 |
| UNIT | Value (USD Billion) |
| KEY COMPANIES PROFILED | Solar Winds Worldwide, LLC, Niagara Networks, Ixia (Key sight), Profitap HQ B.V., Cisco Systems, Inc., Microsoft Corporation |
| SEGMENTS COVERED | By Component, By Enterprise Size, By Network Speed, By Application, And By Geography |
| CUSTOMIZATION SCOPE | Free report customization (equivalent up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope |
Network Monitoring Market Overview
Rising Cybersecurity Threats: The rising occurrence and complexity of cyberattacks are fueling the demand in the Network Monitoring Market. Enterprises are actively searching for strong measures to identify weaknesses and guarantee the safety of their networks, driving market expansion as companies make significant investments in sophisticated monitoring technologies.
IoT and Cloud Computing Expansion: The increasing number of IoT devices and the transition to cloud computing have heightened the demand for efficient network monitoring. The demand for seamless integration and real-time monitoring in order to maintain performance and connection is driving the growth of the Network Monitoring Market.
Regulatory Compliance Requirements: Organizations are being compelled to employ network monitoring solutions due to strict rules and compliance standards. Market growth is heavily influenced by ensuring data protection and adhering to legal obligations, as organizations prioritize compliance to prevent penalties.
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High Implementation Costs: The significant upfront cost associated with modern network monitoring systems may discourage small and medium-sized organizations (SMEs) from implementing these solutions. The cost barrier hinders the ability of smaller competitors to enter the industry, hence impeding the overall growth of the Network Monitoring industry.
Complexity in Diverse Environments: Handling intricate and varied network environments poses difficulties, especially in large corporations. The challenge of integrating diverse monitoring technologies into a unified system can hinder adoption, hence impeding market growth in situations when smooth operations are crucial.
Shortage of Skilled Professionals: A major limitation is the scarcity of proficient personnel who are capable of effectively operating advanced network monitoring technologies. Lacking sufficient experience, companies may face difficulties in fully optimizing the advantages of these solutions, thereby impeding the overall expansion of the Network Monitoring Market.
Geographic Dominance:
North America's prominent position in the Network Monitoring Market is primarily due to its modern IT infrastructure, widespread adoption of cloud services, and strict cybersecurity legislation. The dominance of top technology providers and significant companies investing in novel network monitoring solutions has a beneficial impact on market growth. Additionally, the existence of prominent market participants in this area expedites the advancement and implementation of state-of-the-art technologies, hence intensifying expansion.
Network Monitoring Market Key Players Shaping the Future
Major players, including Solar Winds Worldwide, LLC, Niagara Networks, Ixia (Key sight), Profitap HQ B.V., Cisco Systems, Inc., Microsoft Corporation. and more, play a pivotal role in shaping the future of the Network Monitoring Market. Financial statements, product benchmarking, and SWOT analysis provide valuable insights into the industry's key players.
Network Monitoring Market Segment Analysis
Based on the research, Verified Market Research® has segmented the global Network Monitoring Market into Component, Enterprise Size, Network Speed, Application, And Geography.
To get market data, market insights, and a comprehensive analysis of the Global Network Monitoring Market, please Contact Verified Market Research®.
- Network Monitoring Market, by Component
- Monitoring Equipment
- Network Monitoring Switch
- Network Terminal Access Point (TAP)
- Software Platform
- Service
- Professional Services
- Managed Services
- Monitoring Equipment
- Network Monitoring Market, by Enterprise Size
- Enterprises
- Telecommunications Industry
- Government Organisations
- Cloud Service Providers
- Network Monitoring Market, by Network Speed
- 1 and 10 Gbps
- 40 Gbps
- 100 Gbps
- 400 Gbps
- Network Monitoring Market, by Application
- IT & Telecom
- BFSI
- Healthcare
- Energy & Utility
- Government
- Retail
- Industrial
- Network Monitoring Market, by Geography
- North America
- U.S
- Canada
- Mexico
- Europe
- Germany
- France
- U.K
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Rest of Asia Pacific
- ROW
- Middle East & Africa
- Latin America
- North America
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