Network Surveillance Market Worth $3.0 Billion by 2027

CHICAGO, June 20, 2022 /PRNewswire/ — According to a research report “Network Monitoring Market with Impact of COVID-19 by Offer (Equipment, Software and Services), Bandwidth (1 and 10 Gbps, 40 Gbps, 100 Gbps), Technology (Ethernet, Fiber Optic, InfiniBand), End User and Geography – Global Forecast to 2027″, published by MarketsandMarkets™, the network monitoring market is expected to grow from $2.2 billion in 2022 and should reach $3.0 billion by 2027; it is expected to grow at a CAGR of 6.9% from 2022 to 2027.

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Rising demand for cloud services, growing demand for resilient network monitoring systems to quickly resolve downtime issues as well as the need for continuous monitoring due to increasing network complexity and security concerns are expected to fuel the growth of the network monitoring market.

“Network monitoring market for enterprise segment is expected to hold the largest share from 2022 to 2027”

The enterprise segment held the largest share of the network monitoring market in 2021 and is expected to maintain its dominant position throughout the forecast period. High performance connectivity, constant availability, high throughput, and high reliability are required by advanced enterprise applications to handle large amounts of data. To meet these requirements, network monitoring is being integrated into enterprises.

“Software and services will dominate the network monitoring market over the forecast period”

The network monitoring for software and services market held a larger share in 2021 and is expected to follow the trend during the forecast period. Cross-domain management operations, the software-as-a-service (SaaS)-based network management market, and performance SLAs in cloud monitoring are expected to redefine traditional network management. Additionally, increasing network complexity, converging technologies, and the growing implementation of virtualization are expected to transform network management technologies, tools, and practices.

“Network Monitoring Market for InfiniBand Technology to Witness Highest CAGR During Forecast Period”

InfiniBand-based network monitoring equipment is adopted to reduce network equipment costs and meet requirements for high bandwidth, low latency computing, storage and management on a single fabric. InfiniBand addresses IT infrastructure challenges by providing consumers with superior performance, reduced complexity, the highest interconnect efficiency, and reliable, stable connections. InfiniBand offers excellent performance and latency products, supporting connections up to 120 Gbps. It was created to enable efficient scalability of multiple systems. Inter-tier communication, application clustering, inter-processor communication, and storage networking are just a few of the markets that require RAS capabilities and high-bandwidth QoS. However, at present, only a few companies are involved in the development of this technology. Although the market for InfiniBand switching systems is small, it is expected to grow at the highest rate over the next few years.

Browse the in-depth table of contents atNetwork monitoring Market” 167 – Tables
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North America held a major share of the network monitoring market in 2021 and is expected to follow the trend by 2027″

North America held the largest market share in 2021 and a similar trend is expected to continue during the forecast period. This can be attributed to growing IT capacity needs and increasing adoption of new data center technologies. The market in the United States is expected to see greater traction as a significant number of organizations are likely to opt for cloud services to save their initial cost of building new data centers for business continuity. Additionally, the United States is home to global cloud service providers as well as companies such as Amazon Web Services (AWS) and Microsoft (USA), which provide data center infrastructure. Moreover, the leading companies in the network monitoring market represent more than half of the turnover and are based in the United States.

Key Players of Network Monitoring Market are 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 some of the network monitoring market leaders. 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 (USA) and Paessler (Germany) are among the few emerging companies in the network monitoring market.

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