Global Network Monitoring Market report 2024 focuses on the major Types and Applications for the key players. The market forecast report also provides analysis of the market share, segmentation, revenue forecasts and geographic regions of the market. The research report is a professional and in-depth study on the current state of global Industry.
The enterprises, government agencies, telecom providers, and cloud service providers are the major application areas using network monitoring market. The enterprises hold the largest market share as they mainly rely on network monitoring for optimizing their network infrastructure. Furthermore, rapid digitalization, technological advancement, and rising consumer demands have propelled the enterprise networks to be made up of a number of interconnected networks. Hence, enterprises adopt these tools as they provide a secure, reliable, and efficient operating environment.
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The advancement in technology has led to an enhanced adoption of cloud computing, connected devices, and Voice over Internet Protocol (VoIP) due to which the traffic on the networks has increased tremendously, slowing down the overall network functioning speed. Hence, to reduce this stress on the network, enterprises are adopting network monitoring solutions, driving the network monitoring market growth. The software assists the companies in keeping a check on the inward and outward flowing of data along with the source and destination of data traffic analyzing the reasons for congestion.
The 1 & 10 Gbps bandwidth segment dominates the network monitoring market and is adopted across a wide range of industries including government, healthcare, enterprises, telecoms, and related service providers. Due to the rising technological advent and enhanced data generation, companies now demand higher bandwidth due to which the growth of higher bandwidth is expected to grow over the forecast period.
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Asia Pacific is projected to be the fastest growing region in the network monitoring market. The major factors attributed to the market growth include the rising disposable income and increase in the adoption of IoT & cloud computing technologies. Moreover, the rapid increase in cyberattacks across various industry verticals has enabled the enterprises residing in this region to adopt network monitoring solutions to ensure their business’ safety and security along with providing enhanced customer service.
The major companies operating in the network monitoring market include NetScout, Ixia, Netgear, Juniper Networks, Big Switch Networks, Broadcom, Network Critical, CALIENT Technologies, and Motadata. These companies concentrate on strategic partnerships to expand their presence in a highly competitive market.
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