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

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
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • 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
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • 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