The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The increased popularity of SaaS-based network monitoring solutions is likely to spur innovation in network monitoring manufacturing, propelling the market during the forecast period.

The global network monitoring market is expected to grow from $2.46 billion in 2022 to $2.68 billion in 2023 at a compound annual growth rate (CAGR) of 8.9%. The global network monitoring market size is expected to grow to $3.77 billion in 2027 at a CAGR of 8.9%.

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Global Network Monitoring Market Segments Include:

• By Offering: Equipment, Network TAPs, Data Monitoring Switches, Solutions and Services
• By Bandwidth: 1 and 10 Gbps, 40 Gbps, 100 Gbps
• By Enterprise Size: Large Enterprise, SMEs
• By Applications: IT and Telecom, BFSI, Healthcare, Energy and Utilities, Government, Retail, Industrial, Other Applications
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global network monitoring market in 2021.

Major Market Players in the network monitoring market include Gigamon, NetScout Systems Inc., Keysight Technologies, VIAVI Solutions Inc., Apcon, Garland Technology, Cisco Systems Inc., Broadcom Inc., Arista Networks, Juniper Networks Inc.

Technological developments have emerged as a significant trend that will gain traction in the network monitoring market in the future. To strengthen their market position, major network monitoring businesses are focusing on developing innovative technology solutions. Netscout, a US-based provider of cybersecurity, service assurance, and business analytics solutions, for example, announced nGeniusONE, a smart edge network monitoring platform for end-user insights, in July 2021. nGeniusONE provides a platform for monitoring and service assurance by providing total visibility into infrastructure, dependencies, and applications. The gadget, which employs adaptive service intelligence technology, can continually monitor and analyse network traffic data. To give end-user support and visibility, the new technique combines artificial transaction testing with smart data analytics. Netscout can provide this information to any network or application, regardless of the user’s location.

The Network Monitoring Global Market Report 2023  provides a network monitoring market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The network monitoring market forecast analyzes network monitoring market size, network monitoring market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Network monitoring is the process of regularly inspecting a computer network for faults such as delayed traffic or component failure. Network monitoring systems regularly scan the network in order to inform network managers to issues via text, email, or other applications.

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