Network Monitoring Market
PUBLISHED: 2024 ID: SMRC25226
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Network Monitoring Market

Network Monitoring Market Forecasts to 2030 - Global Analysis By Bandwidth (1-10 GBPS, 40 GBPS, 100 GBPS and 400 GBPS), Offering (Services, Software and Hardware), Enterprise Size, Technology, Application, End User and By Geography

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4.1 (19 reviews)
Published: 2024 ID: SMRC25226

This report covers the impact of COVID-19 on this global market
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According to Stratistics MRC, the Global Network Monitoring Market is accounted for $2.5 billion in 2023 and is expected to reach $5.8 billion by 2030 growing at a CAGR of 12.8% during the forecast period. The Network Monitoring Market refers to the industry that provides tools and solutions for monitoring and managing the performance, availability, and security of computer networks. These tools help organizations ensure optimal functioning of their IT infrastructure by tracking network traffic, identifying potential issues, and optimizing resource utilization. It enables real-time visibility into network performance, allowing proactive identification and resolution of issues to minimize downtime. 

According to NETSCOUT, network traffic increased by around 30% in the Asia Pacific region after February 2020.

Market Dynamics: 

Driver: 

Rising network complexity

With the rapid adoption of technologies such as cloud computing, IoT, and virtualization, networks have become intricate and dynamic, presenting challenges in terms of performance optimization and security management. As organizations expand their digital footprints, maintaining visibility into these complex network environments becomes paramount. Network monitoring tools play a crucial role in providing real-time insights into the performance, health, and security of these intricate networks. Additionally, they enable proactive identification and resolution of issues, ensuring optimal functionality and reducing downtime.

Restraint:

Cost constraints

The implementation of comprehensive network monitoring tools often involves substantial initial investments in software, hardware, and training. Small to medium-sized enterprises and budget-constrained organizations may find these costs prohibitive, limiting their ability to deploy sophisticated monitoring systems. Ongoing expenses related to maintenance, updates, and licensing fees can contribute to the financial burden. However, the perception of network monitoring as a costly endeavor may dissuade some businesses from investing in these crucial tools, leaving them potentially vulnerable to performance issues, security threats, and operational inefficiencies.

Opportunity:

Technological advancements

The integration of cutting-edge technologies, such as artificial intelligence and machine learning, has revolutionized network monitoring capabilities. These advanced tools provide organizations with proactive insights into network performance, security threats, and potential issues. Machine learning algorithms can analyze vast amounts of data, identifying patterns and anomalies to predict and prevent network disruptions. 

Threat:

Data privacy concerns

The monitoring of network activities involves the collection and analysis of potentially confidential data, raising apprehensions about the security and privacy of this information. Companies, especially in regulated industries, may hesitate to implement robust network monitoring solutions due to fears of non-compliance with data protection laws and the risk of exposing sensitive details to unauthorized access. Striking a balance between the need for comprehensive monitoring and respecting privacy rights poses a challenge, and navigating these concerns becomes crucial for businesses aiming to safeguard both their networks and the privacy expectations of users and stakeholders.

Covid-19 Impact: 

The surge in remote work and increased reliance on digital infrastructure during the pandemic has underscored the importance of robust network monitoring solutions. With a dispersed workforce, organizations needed effective tools to ensure network performance, security, and stability. However, economic uncertainties and budget constraints induced by the pandemic have led some businesses to defer or scale back investments in non-essential technologies, including advanced network monitoring solutions.

The InfiniBand segment is expected to be the largest during the forecast period

InfiniBand segment dominated the largest market share over the forecast period, due to the rising demand for high-performance computing (HPC) and data-intensive applications. InfiniBand, a high-speed interconnect technology, is widely adopted in data centers and HPC environments for its low latency and high bandwidth capabilities. As organizations increasingly deploy complex infrastructures leveraging InfiniBand for efficient data transfer, network monitoring solutions tailored to this technology have become essential. Furthermore, these specialized monitoring tools offer insights into the unique characteristics of InfiniBand networks, providing real-time visibility, performance optimization, and proactive issue resolution.

The cloud service providers segment is expected to have the highest CAGR during the forecast period

Cloud Service Providers segment is expected to have the highest CAGR during the forecast period. With the widespread adoption of cloud services, businesses rely on CSPs for critical infrastructure, making efficient network monitoring paramount. Cloud-centric network monitoring solutions offer real-time insights into the performance, security, and availability of cloud-based applications and services. As enterprises embrace multi-cloud and hybrid cloud architectures, the demand for comprehensive monitoring tools that can seamlessly integrate with diverse cloud environments has surged. These elements are boosting the segmental growth. 

Region with largest share:

Asia Pacific region commanded the largest share of the market over the projected period. With a surge in the adoption of cloud computing, IoT, and mobile technologies across diverse industries, there is a heightened need for effective network monitoring tools to ensure optimal performance and security. Governments and enterprises in the region are investing substantially in upgrading their digital infrastructure, leading to an increased deployment of sophisticated monitoring solutions. The evolving regulatory environment emphasizing data security and privacy is also propelling the demand for comprehensive network monitoring in the region.

Region with highest CAGR:

Due to the availability of numerous telecom companies, an increase in expenditures, an upsurge in innovation, and the creation of AR apps by various platforms utilizing 5G technology, the European region is predicted to experience lucrative growth over a period of time. Additional variables influencing the future needs for network monitoring include growing staff flexibility, the increasing acceptance of ""bring your own device"" policies, and the growing use of cutting-edge Big Data technologies for operational data explosion.

Key players in the market

Some of the key players in Network Monitoring market include Arista Networks, Inc, Broadcom, Cisco Systems, Inc, Fortra, LLC, IBM, Juniper Networks, Inc, LogicMonitor Inc, Nagios Enterprises, LLC, NETSCOUT Systems, Inc, Paessler AG, Riverbed Technology LLC and SolarWinds Worldwide, LLC.

Key Developments:

In June 2023, Spirent Communications plc., a next-generation network device provider, introduced a new over-the-air (OTA) performance monitoring solution to deliver network edge services to enterprises working with remote work culture.

In February 2023, Tech Mahindra introduced SANDSTORM, a remote-based real-time monitoring service and smart device assurance solution for telecom operators and companies. This solution integrated with VR headsets, smartphones, smart TVs, tablets, and connected cars to examine the customer experiences remotely.

In May 2022, Kristile partnered with Paessler to deliver Paessler Router Traffic Grapher (PRTG) network monitoring solution to SMEs and start-ups in East Africa to monitor their IT infrastructure and provide real-time notifications to the customer.

Bandwidths Covered:
• 1-10 GBPS
• 40 GBPS
• 100 GBPS
• 400 GBPS 

Offerings Covered:
• Services
• Software
• Hardware

Enterprise Sizes Covered:
• Large Enterprises
• Small & Medium Enterprises 

Technologies Covered:
• InfiniBand
• Fiber Optic
• Ethernet
• Other Technologies

Applications Covered:
• Healthcare
• Energy & Utility
• Retail
• Banking, Financial Services & Insurance (BFSI)
• Other Applications

End Users Covered:
• Cloud Service Providers
• Government Organizations
• Telecommunications Industry
• Other End Users

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan        
o China        
o India        
o Australia  
o New Zealand
o South Korea
o Rest of Asia Pacific    
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa 
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings: 
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary     
      
2 Preface     
 2.1 Abstract    
 2.2 Stake Holders    
 2.3 Research Scope    
 2.4 Research Methodology    
  2.4.1 Data Mining   
  2.4.2 Data Analysis   
  2.4.3 Data Validation   
  2.4.4 Research Approach   
 2.5 Research Sources    
  2.5.1 Primary Research Sources   
  2.5.2 Secondary Research Sources   
  2.5.3 Assumptions   
      
3 Market Trend Analysis     
 3.1 Introduction    
 3.2 Drivers    
 3.3 Restraints    
 3.4 Opportunities    
 3.5 Threats    
 3.6 Technology Analysis    
 3.7 Application Analysis    
 3.8 End User Analysis    
 3.9 Emerging Markets    
 3.10 Impact of Covid-19    
      
4 Porters Five Force Analysis     
 4.1 Bargaining power of suppliers    
 4.2 Bargaining power of buyers    
 4.3 Threat of substitutes    
 4.4 Threat of new entrants    
 4.5 Competitive rivalry    
      
5 Global Network Monitoring Market, By Bandwidth     
 5.1 Introduction    
 5.2 1-10 GBPS    
 5.3 40 GBPS    
 5.4 100 GBPS    
 5.5 400 GBPS    
      
6 Global Network Monitoring Market, By Offering     
 6.1 Introduction    
 6.2 Services    
 6.3 Software    
 6.4 Hardware    
      
7 Global Network Monitoring Market, By Enterprise Size     
 7.1 Introduction    
 7.2 Large Enterprises    
 7.3 Small & Medium Enterprises    
      
8 Global Network Monitoring Market, By Technology     
 8.1 Introduction    
 8.2 InfiniBand    
 8.3 Fiber Optic    
 8.4 Ethernet    
 8.5 Other Technologies    
      
9 Global Network Monitoring Market, By Application     
 9.1 Introduction    
 9.2 Healthcare    
 9.3 Energy & Utility    
 9.4 Retail    
 9.5 Banking, Financial Services & Insurance (BFSI)    
 9.6 Other Applications    
      
10 Global Network Monitoring Market, By End User     
 10.1 Introduction    
 10.2 Cloud Service Providers    
 10.3 Government Organizations    
 10.4 Telecommunications Industry    
 10.5 Other End Users    
      
11 Global Network Monitoring Market, By Geography     
 11.1 Introduction    
 11.2 North America    
  11.2.1 US   
  11.2.2 Canada   
  11.2.3 Mexico   
 11.3 Europe    
  11.3.1 Germany   
  11.3.2 UK   
  11.3.3 Italy   
  11.3.4 France   
  11.3.5 Spain   
  11.3.6 Rest of Europe   
 11.4 Asia Pacific    
  11.4.1 Japan   
  11.4.2 China   
  11.4.3 India   
  11.4.4 Australia   
  11.4.5 New Zealand   
  11.4.6 South Korea   
  11.4.7 Rest of Asia Pacific   
 11.5 South America    
  11.5.1 Argentina   
  11.5.2 Brazil   
  11.5.3 Chile   
  11.5.4 Rest of South America   
 11.6 Middle East & Africa    
  11.6.1 Saudi Arabia   
  11.6.2 UAE   
  11.6.3 Qatar   
  11.6.4 South Africa   
  11.6.5 Rest of Middle East & Africa   
      
12 Key Developments     
 12.1 Agreements, Partnerships, Collaborations and Joint Ventures    
 12.2 Acquisitions & Mergers    
 12.3 New Product Launch    
 12.4 Expansions    
 12.5 Other Key Strategies    
      
13 Company Profiling     
 13.1 Arista Networks, Inc    
 13.2 Broadcom    
 13.3 Cisco Systems, Inc    
 13.4 Fortra, LLC    
 13.5 IBM    
 13.6 Juniper Networks, Inc    
 13.7 LogicMonitor Inc    
 13.8 Nagios Enterprises, LLC    
 13.9 NETSCOUT Systems, Inc    
 13.10 Paessler AG    
 13.11 Riverbed Technology LLC    
 13.12 SolarWinds Worldwide, LLC    
      
List of Tables      
1 Global Network Monitoring Market Outlook, By Region (2021-2030) ($MN)     
2 Global Network Monitoring Market Outlook, By Bandwidth (2021-2030) ($MN)     
3 Global Network Monitoring Market Outlook, By 1-10 GBPS (2021-2030) ($MN)     
4 Global Network Monitoring Market Outlook, By 40 GBPS (2021-2030) ($MN)     
5 Global Network Monitoring Market Outlook, By 100 GBPS (2021-2030) ($MN)     
6 Global Network Monitoring Market Outlook, By 400 GBPS (2021-2030) ($MN)     
7 Global Network Monitoring Market Outlook, By Offering (2021-2030) ($MN)     
8 Global Network Monitoring Market Outlook, By Services (2021-2030) ($MN)     
9 Global Network Monitoring Market Outlook, By Software (2021-2030) ($MN)     
10 Global Network Monitoring Market Outlook, By Hardware (2021-2030) ($MN)     
11 Global Network Monitoring Market Outlook, By Enterprise Size (2021-2030) ($MN)     
12 Global Network Monitoring Market Outlook, By Large Enterprises (2021-2030) ($MN)     
13 Global Network Monitoring Market Outlook, By Small & Medium Enterprises (2021-2030) ($MN)     
14 Global Network Monitoring Market Outlook, By Technology (2021-2030) ($MN)     
15 Global Network Monitoring Market Outlook, By InfiniBand (2021-2030) ($MN)     
16 Global Network Monitoring Market Outlook, By Fiber Optic (2021-2030) ($MN)     
17 Global Network Monitoring Market Outlook, By Ethernet (2021-2030) ($MN)     
18 Global Network Monitoring Market Outlook, By Other Technologies (2021-2030) ($MN)     
19 Global Network Monitoring Market Outlook, By Application (2021-2030) ($MN)     
20 Global Network Monitoring Market Outlook, By Healthcare (2021-2030) ($MN)     
21 Global Network Monitoring Market Outlook, By Energy & Utility (2021-2030) ($MN)     
22 Global Network Monitoring Market Outlook, By Retail (2021-2030) ($MN)     
23 Global Network Monitoring Market Outlook, By Banking, Financial Services & Insurance (BFSI) (2021-2030) ($MN)     
24 Global Network Monitoring Market Outlook, By Other Applications (2021-2030) ($MN)     
25 Global Network Monitoring Market Outlook, By End User (2021-2030) ($MN)     
26 Global Network Monitoring Market Outlook, By Cloud Service Providers (2021-2030) ($MN)     
27 Global Network Monitoring Market Outlook, By Government Organizations (2021-2030) ($MN)     
28 Global Network Monitoring Market Outlook, By Telecommunications Industry (2021-2030) ($MN)     
29 Global Network Monitoring Market Outlook, By Other End Users (2021-2030) ($MN)     
      
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.      

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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