Network Monitoring Market - Global Forecast to 2023: Optimizing Business Operations Through Network Management Tools
DUBLIN, Oct. 22, 2018 /PRNewswire/ --
The "Network Monitoring Market by Offering (Equipment and Solutions & Services), Bandwidth (1 & 10 Gbps, 40 Gbps, 100 Gbps), Technology (Ethernet, Fiber Optic, and InfiniBand), End User (Enterprises, Telecom), and Geography - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
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The market is expected to reach from USD 1.82 billion in 2018 to USD 2.93 billion by 2023, at a CAGR of 9.9% from 2018 to 2023
The increasing number of enterprises with strict reliability requirements drives the need for network performance monitoring equipment. Also, the need for highly reliable, scalable network monitoring equipment for robust network monitoring capabilities to ensure smooth operations of mission-critical network infrastructure contributes to the growth of this market.
This report segments the network monitoring market by offering, bandwidth, technology, end user, and geography. Based on offering, the market has been further divided into equipment, solutions & services. The network monitoring market for solutions and services is expected to hold the largest share in 2018. Increased network complexities, converging technologies, and growing implementation of virtualization are expected to transform network management technologies, tools, and practices, and virtual networking installed as part of server virtualization will progressively influence network monitoring.
The network monitoring market, by bandwidth, has been segmented into 1 & 10 Gbps, 40 Gbps, and 100 Gbps. The demand for network monitoring is growing worldwide as a result of the ramp-up in the data generated and rapid technological 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 holds the largest market, and a similar trend is likely to continue owing to the increasing IT capacity requirements and rising adoption of new data center technologies. The market in the US is expected to experience greater traction as a significant number of organizations are likely to opt for cloud services to save their upfront cost of building new data centers for business continuity. The increasing government initiatives and investments from technologically developing countries, such as India, Japan, China, Singapore, and Australia, in APAC are driving the establishment of data centers in the region. Also, the increasing number of small and medium-sized enterprises and growing adoption of digital technologies further drive the demand for network monitoring. Moreover, the increasing penetration of the Internet and growing population of internet users in the region create a huge volume of data, which, in turn, drive the demand for cloud-based services.
Network monitoring helps companies in getting clear insights about their network traffic, bandwidth, and operational efficiency, and address all the major challenges such as reducing overall operational cost, identifying optimal routes for interconnecting, and providing accurate insights on the flow of information. However, several free network traffic tools are available in the market space with which network admin can monitor and analyze network traffic and operate the network infrastructure efficiently.
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 (US), Juniper Networks (US), Big Switch Networks (US), Zenoss (US), Network Critical (UK), Corvil (Ireland), CALIENT Technologies (US), Netgear (US), and Motadata (US) have also been profiled in the report.
Industries operating under regulatory norms for their business needs likely to implement network monitoring to control entire IT infrastructure, thereby driving growth of network monitoring market
Enterprises
Enterprises mostly rely on network monitoring solutions to optimize their network infrastructure on a daily basis. In the digital era, a smooth and agile network infrastructure is of utmost importance for every enterprise to be the frontrunner in the business landscape. Network monitoring solutions help enterprises improve their network performance by examining every aspect of the network process. These solutions are being widely adopted across major verticals due to the increased need for maintaining and optimizing the network infrastructure.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Network Monitoring Market Opportunities
4.2 Network Monitoring Market, By Bandwidth, 2015-2023 (Usd Million)
4.3 Network Monitoring Market, By End User And Geography, 2018
4.4 Geographic Snapshot Of Network Monitoring Market
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Need For Robust Network Monitoring Capabilities To Ensure Smooth Operations Of Mission-Critical Network Infrastructure
5.2.1.2 Need To Quickly Resolve Downtime Issues
5.2.1.3 Demand For Continuous Monitoring Due To Rise In Network Complexities And Security Concerns
5.2.2 Restraints
5.2.2.1 Availability Of Free Network Traffic Tools
5.2.3 Opportunities
5.2.3.1 Optimizing Business Operations Through Network Management Tools
5.2.3.2 Underlying Opportunities In Small And Medium-Sized Enterprises
5.2.3.3 Growing Software-Defined Networking Market
5.2.4 Challenges
5.2.4.1 Handling Massive Network Performance Data
6 Network Monitoring Market, By Offering
6.1 Introduction
6.2 Network Tap
6.3 Data Monitoring Switch
7 Network Monitoring Market, By Bandwidth
7.1 Introduction
7.2 1 & 10 Gbps
7.3 40 Gbps
7.4 100 Gbps
8 Network Monitoring Market, By Technology
8.1 Introduction
8.2 Ethernet
8.3 Fiber Optic
8.4 Infiband
9 Network Monitoring Market, By End User Industry
9.1 Introduction
9.2 Enterprises
9.3 Telecommunications Industry
9.4 Government Organizations
9.5 Cloud Service Providers
10 Geographic Analysis
11 Competitive Landscape
11.1 Overview
11.2 Market Ranking Analysis For Network Monitoring Market
11.3 Competitive Scenario
11.3.1 Product Launches
11.3.2 Partnerships, Contracts, Agreements, And Collaborations
11.3.3 Expansion
12 Company Profiles
12.1 Key Players
12.1.1 Gigamon
12.1.2 Netscout
12.1.3 Ixia
12.1.4 Viavi
12.1.5 Apcon
12.1.6 Garland Technology
12.1.7 Juniper Networks, Inc.
12.1.8 Cisco
12.1.9 Broadcom
12.1.10 Big Switch Networks
12.1.11 Zenoss
12.2 Other Players
12.2.1 Network Critical
12.2.2 Corvil
12.2.3 Calient
12.2.4 Netgear
12.2.5 Motadata
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