Network Monitoring Market Growth, Status and Forecast by 2027

Network monitoring software help analyze the performance in real-time, i.e., they send an immediate alert in case of any network failure enabling one to take instant corrective action while minimizing potential downtime

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This could be due to the countless product benefits like network visibility, maintaining compliance, preventing downtime, quickly finding and fixing issues, uncovering security threats, capacity planning, etc.

In the last few years, there has been a substantial rise in internet users across the globe. This could be attributed to the surging digitalization, increasing smartphone penetration, and rapid prevalence of social media and online gaming trends. The sudden onset of the COVID-19 pandemic has further contributed to the numbers due to the integration of remote working and e-learning culture following the stringent social distancing norms across several economies. As per new estimates by the International Telecommunication Union, the number of internet users across the globe surged to 4.9 billion in 2021.

Remote working exposes the company networks due to increasing system access and poses severe security risks. This is why network monitoring is so crucial; it helps meet the enterprise requirements for reliable and robust tools to monitor IP assets and optimize the required speed.

Increasing adoption of 1 and 10 Gbps ethernet across enterprises and metropolitan networks to offer two-layer networking for mere high-speed applications in the data center or server room has significantly improved the segment growth over the last few years.

10 Gbps data ethernet helps prevent data bottlenecks by enabling efficient data transfer and storage solutions. It is also a convenient alternative if the company plans to expand its server capabilities. Moreover, high bandwidth has gained a lot of traction given its unparalleled speed and reliable security.

The network monitoring industry has witnessed several innovations over the years as a result of increasing focus by the industry players to foster trade associations and keep up with the rising consumer demand.

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Below are a couple of instances illustrating this trend:

• In February recently, Telstra announced its collaboration with Intellihub with its AU$100 million deal to outfit the latter's smart meters with IoT sims. The partnership will benefit Intellihub and its customers to control energy demand more efficiently and deliver a real-time understanding of the energy network.
• In the same month, Cynamics launched a cloud NDR offering, terminating network visibility obstacles by bolstering network monitoring, prediction, and detection capabilities across any hybrid-cloud or cloud-native atmospheres into a single-pane view adapting to deviating requirements of contemporary organizations.

Key participants contributing towards network monitoring market growth include Accedian Networks, Inc., Apcon, Inc., AppNeta, Inc., Arista Networks, Inc., Broadcom, Inc., Cisco Systems, Inc

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