Network monitoring market is slated to impel its development significantly through the forthcoming timespan due to the ever-increasing demand for optimization functionalities and network diagnostics across companies.

Network monitoring market is slated to impel it’s development significantly through the forthcoming timespan due to the ever-increasing demand for optimization functionalities and network diagnostics across companies.

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Global network monitoring market to surpass $5 billion through 2026.

The global network monitoring market to grow rapidly due to growing bring-your-own-device (BYOD) work practice and rising usage of cloud applications. Along with these growth factors, the increasing need for 5G networks infrastructure, and the ever-increasing adoption of smartphones globally is also set to complement overall market growth over the coming years.

APAC network monitoring market is poised to grow at a CAGR of more than 15% through the forecast timespan. Rising adoption of cloud applications and smartphones across APAC countries with large populations would likely help add up to the industry share. For instance, as per the GSMA, adoption of smartphones in India was approximately 54% in 2018. This growing penetration of smartphones is allowing telecom companies to offer better network service quality. These telecom companies are subsequently implementing network performance monitoring solutions to better manage the large number of subscribers.

Network monitoring market is bifurcated into network TAP (Test Access Points) and network monitoring switches. Network TAPs are estimated to foresee major expansion owing to their unique application. TAPs are utilized as external devices that analyze the data which is passed from two network nodes.

The increasing demand for enhancing the mean-time-to-repair relevant network problems and reducing the time required for network troubleshooting is anticipated to propel the requirement for network performance monitoring solutions.

Meanwhile, a network monitoring switch offers support to the Ethernet WAN and LAN links and also further supports IT teams while troubleshooting network problems. The device helps companies optimize resource allocation with rapid impact analysis. Additionally, network monitoring switches also help to report performance parameters, which is driving their demand in the network monitoring market.

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This further helps consumers diagnose network problems and measure the network bandwidth. These extensive features and characteristics of network performance monitoring services are further fueling their deployment in the energy sector.

Companies working in the Asia Pacific are currently facing poor network performance and cyber threats. These factors can further be a high risk for users, this risk is consequently impelling telecom companies to use network performance management solutions to improve network optimization and security.

Some of the companies contributing to the network monitoring market include NETSCOUT Systems, Broadcom, Viavi Solutions Inc., and Riverbed Technology among others.

Citing an instance, electric power firms are increasingly aiming on offering consumers integrated energy solutions. These companies need to maintain large scale metering services and infrastructure to offer consumers access to electricity usage information. The network performance monitoring solution is highly helpful since it gives a proper performance overview by collecting data from each small infrastructure.

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