Network Monitoring Market Technological Innovation, Application, Growth & Forecast to 2024
Category: #reports  By Ronak Bora  Date: 2019-02-11
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Network Monitoring Market Technological Innovation, Application, Growth & Forecast to 2024

Network Monitoring Market in Asia pacific region is projected to grow at a fastest rate. The major factors attributed to the market growth include the rising disposable income and increase in the adoption of IoT & cloud computing technologies. Moreover, the rapid increase in cyberattacks across various industry verticals has enabled the enterprises residing in this region to adopt network monitoring solutions to ensure their business’ safety and security along with providing enhanced customer service.

The advancement in technology has led to an enhanced adoption of cloud computing, connected devices, and Voice over Internet Protocol (VoIP) due to which the traffic on the networks has increased tremendously, slowing down the overall network functioning speed. Hence, to reduce this stress on the network, enterprises are adopting network monitoring solutions, driving the market growth. The software assists the companies in keeping a check on the inward and outward flowing of data along with the source and destination of data traffic analyzing the reasons for congestion.

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The network monitoring tools also assist the enterprises to generate performance charts and log files that help in enhancing system capabilities, allowing users to modify system settings for optimum set-up. They also allow the users to automatically discover all the networking interfaces and devices assisting in the wireless access point and other hardware monitoring. Companies are also adopting these tools as they have the ability to quickly identify bandwidth issues and fix them at a faster rate.

The 1 & 10 Gbps bandwidth segment dominates the networking monitoring market and is adopted across a wide range of industries including government, healthcare, enterprises, telecoms, and related service providers. Due to the rising technological advent and enhanced data generation, companies now demand higher bandwidth due to which the growth of higher bandwidth is expected to grow over the forecast period.

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The various technologies involved in network monitoring include ethernet, fiber optic, and InfiniBand. The Ethernet technology holds the highest market share as it assists the enterprises in keeping a control on everything affecting the network. It includes verifying the cuts in networks and monitoring the network performance by detecting and automatically reacting to threats in real-time. Furthermore, the rise in the number of data centers’ demand for higher bandwidth is leading to the adoption of Ethernet-based network monitoring solutions as they deliver enhanced solutions with improved scalability and reduced latency.

The enterprises, government agencies, telecom providers, and cloud service providers are the major application areas using network monitoring solutions. The enterprises hold the largest market share as they mainly rely on network monitoring for optimizing their network infrastructure. Furthermore, rapid digitalization, technological advancement, and rising consumer demands have propelled the enterprise networks to be made up of a number of interconnected networks. Hence, enterprises adopt these tools as they provide a secure, reliable, and efficient operating environment.   

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The major companies operating in the network monitoring market include NetScout, Ixia, Netgear, Juniper Networks, Big Switch Networks, Broadcom, Network Critical, CALIENT Technologies, and Motadata. These companies concentrate on strategic partnerships to expand their presence in a highly competitive market.

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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.



About Author

Ronak Bora

Email: [email protected]   

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for News.Marketsizeforecasters and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, ...

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