Network Monitoring Market by Development Strategies, Demand Analysis and Forecast to 2026
The global network monitoring market size is projected to cross the $5 billion mark by 2026.
Increasing cyber threats and demand to protect enterprise data will significantly escalate network performance monitoring market size. Consumers and enterprises are majorly adopting cloud services, connected devices, & smartphones, which will spur network monitoring market growth in the years to come. Advancing telecom infrastructure has enhanced the adoption of 5G networks, cloud applications, smartphones, and BYOD (Bring-Your-Own-Devices).
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Telecom operators are endeavoring to offer better network service quality supported by the high adoption of smartphones. The operators are using network performance monitoring solutions to handle many subscribers. Also, companies in the APAC region have been dealing with numerous cyber-threats and poor network performance, which has enhanced the adoption of these solutions across the region.
In 2019, healthcare segment dominated network monitoring market owing to the extensive adoption of remote healthcare services. Network performance monitoring has found a myriad range of applications in healthcare sector. The sector has massive usage of IoT & wireless devices for remote monitoring of various parameters of patients. These devices effectively perform to offer improved healthcare services. The healthcare institutes leverage this technology to keep the performance record of network components and quickly resolve network issues.
Amplifying development of telecom infrastructure has generated a colossal demand for network performance monitoring solutions. Escalating demand for network performance monitoring solutions has encouraged several companies to focus on new network monitoring solutions. For example, in January 2019, Viavi Solutions, Inc., rolled out the Observer Gigaflow to help its customers by providing end-to-end visibility of network infrastructure and better network redundancy.
Enterprises are highly demanding network optimization and diagnostics functionalities, which is likely to support network monitoring market growth. The network monitoring equipment in network monitoring industry is bifurcated into network monitoring switch and network Terminal Access Points (TAP). The network TAPs have found extensive usage as external devices to analyze the information transferred through two network nodes.
Considering regional landscape, network performance monitoring solutions are highly being adopted in the Asia Pacific owing to the rising adoption of cloud applications and smartphones in densely populated nations. For example, as per GSMA, in 2018, the adoption of smartphones in India reached 54%.
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Elaborating on network speed, 100 Gbps network speed is anticipated to garner immense traction in the ensuing years. Network monitoring solutions with 100 Gbps speed are mostly adopted by government agencies to monitor IT infrastructure, environmental sensors, and security surveillance. Urban areas are witnessing the installation of CCTV systems and smart lightings, which are required to be supported by the IT infrastructure of government agencies. This has resulted in the adoption of high-speed bandwidth network infrastructure by government organizations.
A few more network monitoring market players include Riverbed Technology, NETSCOUT Systems, Inc., Broadcom, and Viavi Solutions, Inc. among others.
The network monitoring switch offers support to Ethernet WAN & LAN links and assists IT teams to troubleshoot the network issues. It is used by many companies to optimize resource allocation and report performance parameters with rapid impact analysis.
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Rahul Varpe
Rahul Varpe currently writes for Technology Magazine. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. Apart from being an avid...