Network Monitoring Market To Set Phenomenal Growth by 2023

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 base year considered for the study is 2017, and the market size forecast is given for the period from 2018 to 2023.

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The increasing number of enterprises with strict reliability requirements drives the need for network performance monitoring equipment. Network architecture is growing in complexity and application delivery is becoming more time-sensitive. This demands the need for highly reliable, scalable network monitoring equipment. The need for robust network monitoring capabilities to ensure smooth operations of mission-critical network infrastructure and the need to quickly resolve downtime issues drive the growth of the network monitoring equipment market.

echnological evolution. New technologies include the advent of multi-core servers, server consolidation and virtualization, high-density computing, and IP storage network technologies. The deployment of these technologies and the need to handle data-intensive applications lead to the increasing requirement for network monitoring with high bandwidth.

The network monitoring market, by technology, has been segmented into Ethernet, fiber optic, and InfiniBand. Ethernet held the largest share of the market in 2018. The expansion of data center and increase in the adoption of virtualization technology boost the demand for network monitoring equipment with higher bandwidth. Ethernet-based networks deliver more agile and low-latency solutions with increased scalability. However, InfiniBand is expected to grow at the highest CAGR during the forecast period. InfiniBand has grown its market share over the past few years and is now widely used for input and output fabric interconnect in many organizations deploying virtualized or HPC platforms. InfiniBand is primarily used to coordinate server and processing resources to increase the efficiency of storage area networks and servers.

North America to hold largest share of network monitoring market in from 2018 to 2023

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.

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