Global Network Monitoring Market Outlook, 2029

The Global Network Monitoring market is anticipated to surpass USD 4 Billion by 2029, driven by the need for data security and network efficiency.

The Network Monitoring Market has evolved significantly with the advancement of digital technologies and the increasing complexity of networks. Initially, network monitoring was primarily focused on basic connectivity and uptime. However, as networks expanded and became more critical to business operations, the need for more sophisticated monitoring solutions emerged. Special aspects of the Network Monitoring market include the development of advanced analytics and machine learning capabilities to handle large volumes of network data. These technologies enable real-time monitoring, predictive maintenance, and proactive issue resolution. Moreover, the market has seen the integration of artificial intelligence to automate network management tasks and enhance overall efficiency. Additionally, the market landscape is characterized by a wide range of vendors offering specialized tools and platforms tailored to different network sizes and configurations. Competition is intense among major players who continuously innovate to provide scalable, secure, and reliable monitoring solutions. According to the research report, “Global Network Monitoring Market Outlook, 2029” published by Bonafide Research, the market is anticipated to cross USD 4 Billion by 2029. In the event of data loss or theft, network monitoring is a contemporary technology intended to follow and monitor computer networks and alert the network administrator. Since malfunctioning devices have an impact on network performance, constant network monitoring is essential. Large volumes of data are regularly monitored by the systems, which can filter and identify anomalies in the data using tools for network monitoring. As a result, cloud services, communications, and organizations all leverage these technologies. The market is anticipated to expand in the upcoming years as worries about security hazards in a variety of industries, including healthcare, energy, utilities, and medical, become more pressing. Furthermore, the need for network monitoring solutions is rising because of the IT infrastructure's growing complexity. The market for network monitoring is expanding because of organizations realizing how important it is to maintain operational efficiency and safeguard critical data on their networks.

What's Inside a Bonafide Research`s industry report?

Asia-Pacific dominates the market and is the largest and fastest-growing market in the animal growth promoters industry globally

Download Sample

Market DriversThe Market will grow as Data Center Network Architecture becomes more complex: Cloud artificial intelligence (Al) applications utilized in data centers are driving an increasing demand for high bandwidth, and in order to handle the large data flow, complicated and high-storage IT infrastructure is being built. The operating capacity, system performance, and storage device health are all tracked by the network bandwidth factor. It has been noted in recent years that businesses seek to increase user productivity by implementing networking tools and other network capabilities. High bandwidth and cutting-edge network security systems are in high demand due to the intricate network IT infrastructure, and this is expected to drive market demand over the course of the projection period. Market Challenges

Make this report your own

Have queries/questions regarding a report?

Take advantage of intelligence tailored to your business objective

Manmayi Raval

Manmayi Raval

Research Consultant

Hardware device implementation costs that are too high impede market expansion:The adoption of network performance monitoring solutions by SMEs and start-up organizations is hindered by the greater cost of hardware devices in advanced networking monitoring systems. The constant testing of systems to improve network performance through network monitoring solutions leads to a strong demand for hardware and software components. Therefore, the market expansion is limited by the high hardware device installation costs of network security and monitoring systems. Market Opportunities The increased demand for network performance monitoring solutions stems from the growing number of cyberattacks brought on by the growing use of remote desktops, which significantly increases network traffic, and the growing popularity of work-from-home work cultures. These solutions offer network security visibility to the larger IT infrastructure of the companies operating across various industry verticals. Network monitoring solutions are becoming more and more in demand as the incidence of cyberattacks rises. Therefore, during the forecast period, this aspect is anticipated to enhance market growth.

Don’t pay for what you don’t need. Save 30%

Customise your report by selecting specific countries or regions

Specify Scope Now
Manmayi Raval

Based on the report, the Offering segment is segmented into Equipment, Solutions & Services. Equipment segment is leading in the Network Monitoring Market due to the increasing demand for hardware solutions that provide robust monitoring capabilities, real-time analytics, and network performance optimization. These equipment offerings are essential for ensuring network reliability, security, and efficient management of data traffic in complex IT environments. The Equipment sub-segment in the Network Monitoring Market is growing due to increasing demand for advanced hardware solutions that facilitate real-time monitoring and analysis of network performance. These equipment include routers, switches, probes, and sensors that are essential for ensuring network efficiency, reliability, and security. Organizations are increasingly investing in robust equipment to enhance their network infrastructure, optimize data transmission speeds, and mitigate potential cybersecurity threats. Moreover, technological advancements in equipment, such as the integration of artificial intelligence and machine learning algorithms, are further driving the growth of this segment by providing more sophisticated monitoring capabilities. As businesses and service providers strive to maintain seamless connectivity and operational continuity, the demand for high-performance network monitoring equipment continues to rise, solidifying the growth of the Equipment sub-segment in the market. Based on the report, the Bandwidth segment is segmented into 1- 10 GBPS, 40 GBPS & 100 GBPS. The 1-10 GBPS segment is estimated to grow at a higher growth rate in the Network Monitoring Market due to increasing data traffic and demand for efficient, cost-effective network solutions. The 1-10 Gbps sub-segment in the Network Monitoring Market is experiencing growth due to several key factors. As data traffic continues to escalate across networks globally, there is a heightened need for bandwidth solutions that can handle substantial data volumes efficiently. The 1-10 Gbps bandwidth range strikes a balance between cost-effectiveness and performance, making it particularly attractive to organizations looking to upgrade their network capabilities without investing in excessively high-cost solutions. Moreover, the proliferation of bandwidth-intensive applications such as video streaming, cloud computing, and real-time data analytics necessitates networks capable of supporting higher data transfer rates. Enterprises are increasingly adopting 1-10 Gbps bandwidth solutions to meet these demands while ensuring reliable and responsive network performance. This bandwidth range also aligns with the evolving requirements of modern digital infrastructures, where fast data transmission is crucial for maintaining productivity and competitiveness. Additionally, advancements in networking technologies and the availability of cost-efficient equipment further contribute to the growing adoption of 1-10 Gbps bandwidth solutions in the Network Monitoring market. As a result, this sub-segment continues to expand as organizations seek to enhance their network capacity and efficiency to support current and future digital needs. North America is leading the Network Monitoring Market due to early adoption of advanced networking technologies, high cybersecurity spending, and a mature IT ecosystem. APAC is the fastest-growing region, fuelled by expanding internet penetration, digitalization across industries, and increasing demand for network security solutions amidst growing cyber threats and data breaches. North America holds the largest market share, owing to multiple market players. The region's Network Monitoring Market is expected to increase due in part to the abundance of network monitoring solution providers and the increasing investment being made in the development of cutting-edge IT infrastructure across various industry sectors in the United States, Canada, and Mexico. Over the course of the projection period, Asia Pacific is expected to develop at the greatest CAGR. Smartphones and other cutting-edge network-connected devices are becoming more and more popular in nations like China, Japan, and India. After February 2020, network traffic in the Asia Pacific area grew by almost 30%, according to NETSCOUT. Throughout the projected period, market growth is boosted by the adoption of networking solutions that provide dependable network security and performance monitoring services to businesses of all sizes in the Asia Pacific region. Due to the existence of numerous telecom companies, an increase in expenditures, a spike in innovation, and the development of augmented reality (AR) apps by various platforms utilizing 5G technology, Europe is predicted to see a significant CAGR throughout the projected period. In the upcoming years, it is predicted that these elements will propel market expansion in the area. •January 2024: Nokia declared that it would supply its scalable MantaRay (formerly NetAct) network management solution to NOS. This would provide a centralized, automated view and management of network monitoring. •Based on the ConnectWise AsioTM platform, ConnectWise, Inc. created a new solution for network management capabilities in July 2023. In order to give IT solution providers (TSPs) and their clients with seamless network visibility and real-time monitoring alerts, it teamed with Auvik. •In June 2023, a new over-the-air (OTA) performance monitoring solution was developed by Spirent Communications plc., a provider of next-generation network devices, to offer network edge services to businesses that have a remote work culture. •In February 2023, Tech Mahindra unveiled SANDSTORM, a smart device assurance solution and remote-based real-time monitoring service designed for telecom carriers and businesses. To remotely check the consumer experiences, this technology is coupled with VR headsets, smartphones, tablets, smart TVs, and linked autos. Considered in this report • Historic year: 2018 • Base year: 2023 • Estimated year: 2024 • Forecast year: 2029 Aspects covered in this report • Network Monitoring Market Outlook with its value and forecast along with its segments • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation By Offering • Equipment • Solutions • Services By End User • Enterprises • Telecommunications Industry • Government Organizations • Cloud Service Providers The approach of the report: This report consists of a combined approach of primary and secondary research. Initially, secondary research was used to get an understanding of the market and list the companies that are present in it. The secondary research consists of third-party sources such as press releases, annual reports of companies, and government-generated reports and databases. After gathering the data from secondary sources, primary research was conducted by conducting telephone interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this; we have started making primary calls to consumers by equally segmenting them in regional aspects, tier aspects, age group, and gender. Once we have primary data with us, we can start verifying the details obtained from secondary sources. Intended audience This report can be useful to industry consultants, manufacturers, suppliers, associations, and organizations related to the Network Monitoring industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing and presentations, it will also increase competitive knowledge about the industry. ?

Request Table of Contents

First Name

Last Name

Company Name

Job Title

Business Email

Contact Number

Description
Logo

Global Network Monitoring Market Outlook, 2029

Contact usWe are friendly and approachable, give us a call.