According to a recent research analysis by MarketsandMarkets, the Network Monitoring Market is expected to rise significantly. The market, estimated to be worth USD 2.2 billion in 2022, is expected to develop at a strong compound annual growth rate (CAGR) of 6.9% from 2022 to 2027, when it reaches USD 3.0 billion.

The research looks at different bandwidths including 1&10 Gbps, 40 Gbps, and 100 Gbps and divides the market into categories based on offers, which include hardware, software, and services. It also examines technologies such as Ethernet, Fibre Optic, and InfiniBand while taking customers' needs and geographical locations into account. According to this estimate, there will be a growing market for network monitoring solutions due to the growing need for efficient monitoring tools in the always changing digital landscape.

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A number of important variables are driving the current demand boom in the Network Monitoring Market. One important driver of the market's expansion is the growing use of cloud services. In order to guarantee ongoing services and promptly handle downtime concerns, organisations are looking for robust network monitoring tools. The necessity for constant monitoring has grown as network complexity continues to climb. The market is expanding as a result of increased worries about network security as well. This combination of elements emphasises how important network monitoring is to the upkeep of reliable, safe, and effective digital infrastructures.

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

In 2021, the enterprise segment became the largest contributor to the network monitoring market, and this dominance is expected to continue for the duration of the forecast period. To efficiently handle massive amounts of data, sophisticated enterprise apps require dependable throughput, constant availability, and high-performance connectivity. Businesses are increasingly incorporating network monitoring solutions in response to these demands. These tools are essential for maintaining the smooth operation of vital business applications, spotting possible problems, and guaranteeing optimal network performance. The market for network monitoring solutions is predicted to stay strong as long as businesses prioritise dependable and effective digital operations.

Software & Services to dominate network monitoring market during forecast period

The market for network monitoring was led by the software and services category in 2021, and this trend is expected to continue over the forecast period. Traditional network management techniques are changing due to the rise of Software as a Service (SaaS)-based network management solutions, the introduction of performance service level agreements in cloud monitoring, and the popularity of cross-domain management activities. The dynamic environment marked by increased network complexity, technology convergence, and broad virtualization adoption is causing a revolution in network management tools, technologies, and procedures. This market segment is anticipated to maintain its substantial market share in the upcoming years as businesses come to understand the value of cutting-edge software and services for effective network monitoring.

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

Network monitoring equipment based on InfiniBand technology is becoming more popular as enterprises look to reduce their networking expenses and meet the need for high-bandwidth, low-latency computation, storage, and management via a single fabric. By delivering greater performance, lowering complexity, guaranteeing high interconnect efficiency, and establishing dependable connections, this technology addresses a variety of IT infrastructure issues. InfiniBand delivers outstanding latency performance and scalability for numerous systems, allowing connections up to 120 Gbps. The technology serves a variety of sectors where high bandwidth, availability, dependability, and service quality are essential, such as storage area networks, application clustering, inter-tier communication, and inter-processor communication. Notwithstanding its niche status, the InfiniBand switch systems market is expected to grow rapidly in the next few years due to its distinctive features and growing range of applications.

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

In 2021, North America remained the market leader for network monitoring, and this trend is expected to hold throughout the projected period. The increasing need for IT capacity and the quick uptake of cutting-edge data centre technology are what propel the region's leadership. The industry is expected to grow rapidly, especially in the United States, as a result of businesses choosing cloud services over the upfront expenses of building new data centres to maintain business continuity. With its strong data centre infrastructure, the United States is a hub for major international cloud service providers, such as Microsoft and Amazon Web Services (AWS).

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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