The overall 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.

The market in the US is expected to experience greater traction as a significant number of organizations are likely to opt for cloud services to save their upfront cost of building new data centers for business continuity. Also, the US is home to global cloud service providers as well as for companies such as Amazon Web Services (AWS) and Microsoft (US), which provide data center infrastructure. Moreover, the leading companies in the network monitoring market account more than half of the revenue and are based in the US.

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Network Monitoring Market 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.

Industries operating under regulatory norms for their business needs likely to implement network monitoring to control entire IT infrastructure, thereby driving growth of network monitoring market

Network monitoring helps companies in getting clear insights about their network traffic, bandwidth, and operational efficiency, and address all the major challenges such as reducing overall operational cost, identifying optimal routes for interconnecting, and providing accurate insights on the flow of information. However, several free network traffic tools are available in the market space with which network admin can monitor and analyze network traffic and operate the network infrastructure efficiently.

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