With projections showing a strong compound annual growth rate (CAGR) of 6.9%, the Network Monitoring Market is expected to rise significantly, from USD 2.2 billion in 2022 to USD 3.0 billion by 2027.

This expansion is explained by the growing need for effective network management solutions as well as the growing complexity and size of network infrastructures. Using network monitoring tools is essential to ensuring optimal network performance, security, and dependability as long as organisations prioritise uninterrupted connectivity. The growing importance of proactive problem detection, real-time visibility, and overall network optimization—especially in the dynamic environment of contemporary digital enterprises—is driving the market's expansion.

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Resilient network monitoring solutions are required because to the significant rise the market for network monitoring is experiencing, which is being driven by an increase in demand for cloud services. Strong network monitoring solutions are necessary as more businesses rely on cloud-based infrastructures in order to quickly handle outage problems and guarantee uninterrupted services. The market is expanding as a result of the growing security concerns and the increasingly complicated modern networks. Network monitoring systems are essential for preserving the integrity and dependability of networks in today's dynamic digital environment since continuous monitoring is necessary to detect and resolve potential threats, vulnerabilities, and performance issues.

Network monitoring market for enterprises segment is expected to hold largest share from 2022 to 2027

In the network monitoring market, the enterprise sector rose to prominence in 2021 and is expected to continue to hold this position throughout the projection period. This dominance is explained by the fundamental needs of sophisticated enterprise applications, which call for constant uptime, higher throughput, high-performance connection, and unchanging stability. Businesses depend on reliable network monitoring tools to effectively handle and evaluate large amounts of data. The necessity for dependable and advanced network monitoring tools in the enterprise sector is fueling the market's expansion as businesses rely more and more on complex networks to support their operations.

Software & Services to dominate network monitoring market during forecast period

The market for software and services related to network monitoring was dominant in 2021 and is expected to remain so for the duration of the forecast period. The rise of Software as a Service (SaaS)-based network management solutions, cross-domain management operations, and the incorporation of performance service level agreements in cloud monitoring are some of the revolutionary factors propelling this dominance. By transforming conventional network management techniques, these advancements are bringing in a new era of effectiveness and flexibility. Software and services are essential in satisfying the changing needs of organisations that are looking for more dynamic, scalable, and cloud-centric solutions. This has led to a notable increase in the market for network monitoring.

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Moreover, revolutionary developments in network management technologies, tools, and practices are expected due to the continuous increase of network complexity, the convergence of technologies, and the increasing adoption of virtualization. Organisations that struggle with complex and dynamic network architectures need to find sophisticated solutions that can handle these complexity with ease. The landscape of network administration is expected to change as a result of the integration of virtualization techniques and developing technologies, bringing more sophisticated and adaptable methods to handle the complex problems presented by contemporary network settings.

Network monitoring market for InfiniBand technology to witness highest CAGR during forecast period

As enterprises look to reduce the cost of networking equipment and meet the demands of high bandwidth, low latency computing, and integrated storage and administration across a single fabric, the use of InfiniBand-based network monitoring equipment is becoming more widespread. With regard to the difficulties presented by contemporary IT infrastructure, InfiniBand provides increased reliability, optimal interconnect efficiency, reduced complexity, and improved performance. Because of the technology's capacity to provide dependable and effective networking solutions, enterprises looking to improve their computing capacity and optimise network operations will benefit greatly from it.

InfiniBand stands out in the realm of networking technologies by delivering exceptional latency performance and robust products capable of supporting connections of up to 120 Gbps. Designed with a focus on efficient scalability across multiple systems, InfiniBand addresses the increasing demand for high-speed and low-latency communication in contemporary computing environments. Its ability to provide high-performance connectivity makes it a preferred choice for applications where swift and efficient data transfer is crucial, contributing to the technology's widespread adoption in various domains seeking advanced networking capabilities.

Markets requiring networking solutions with high bandwidth, strong reliability, availability, and service quality (RAS) include storage area networks, inter-tier communication, application clustering, and inter-processor communication. Still, a small number of companies are leading the charge in developing technology that satisfies these demands. This points to a situation in which specialised knowledge is essential to meet the particular requirements of applications demanding sophisticated networking characteristics in a niche market. Since these technologies are essential to improving data management and communication in a variety of industries, it is expected that more advancements and innovations in this field will have a big impact on other businesses looking for high-performance networking solutions.

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North America held significant share of network monitoring market in 2021 and is expected to follow the trend by 2027

The network monitoring market was led by North America in 2021, and this trend is anticipated to continue for the duration of the forecast. The increasing need for IT capacity and the broad adoption of state-of-the-art data centre technology are responsible for the region's dominance. Strong network monitoring solutions become essential as North American organisations embrace digital transformation and update their IT infrastructure. The market's dominance in this area is a reflection of businesses' proactive efforts to maintain the effectiveness, security, and resiliency of their networks in order to satisfy changing expectations in the digital age.

The market for network monitoring is expected to develop significantly in the United States due to the growing number of businesses using cloud services instead of constructing new data centres to maintain business continuity. Because of the existence of significant international cloud service providers, such as Microsoft and Amazon Web Services (AWS), the United States is positioned as a centre for state-of-the-art data centre infrastructure. This wave of cloud adoption is consistent with the larger trend of businesses giving priority to flexible and scalable IT solutions, which is driving demand for sophisticated network monitoring technology in a number of U.S. industries.

Key players in the network monitoring market include Gigamon (US), NETSCOUT (US), Keysight Technologies (US), Viavi, APCON (US), and Garland Technology (US), Cisco (US), Broadcom (US), Arista Networks (US), Juniper Networks, Inc. (US), Zenoss (US) are among the leading companies in the network monitoring market.

Apart from these, Network Critical (UK), CALIENT Technologies (CALIENT) (US), Netgear (US), Motadata (US), Riverbed Technology (US), Accedian Networks (US), Datadog (US), Kentik (US), Auvik Networks (Canada), LogicMonitor (US) and Paessler (Germany) are among a few emerging companies in the network monitoring market.

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