Network Monitoring Market is Expected to Register a Considerable Growth by 2026

Network Monitoring Market is likely to witness an impressive CAGR of 10.2% during the forecast period. Cloud computing, IoT, linked devices, and VoIP have all contributed to the market's expansion.

Dec 21st, 2021/IndustryNewsGlobal/ The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Network Monitoring Market.

Network Monitoring Market is likely to witness an impressive CAGR of 10.2% during the forecast period. Cloud computing, IoT, linked devices, and VoIP have all contributed to the market's expansion. To expand their market position, vendors are focusing on providing reliable and uninterruptible real-time network information. Telecom providers are investing heavily in the industry to boost modulation in bandwidth and frequency.

Network monitoring refers to a type of service of an observing system that observes the computer networks for stoppage and theft of data, if being carried out, and provides a notification to the network's overseer for the same. These monitoring systems analyze large amounts of data incessantly and filter through for any irregularity, if there. 

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Segment Analysis:

Network Monitoring Market Share: By Component Type

Based on the component type, the market is segmented as monitoring equipment, software platform, and service. Monitoring equipment is projected to witness strong growth rate during the forecast period as it enables businesses to generate performance charts and log files that aid in the enhancement of system capabilities by allowing users to change system settings for optimal performance. Component type network monitoring type is further categorized as network monitoring switch and network terminal access point (TAP). Service monitoring type is further classified as professional services and managed services.

Network Monitoring Market Share: By Region

In terms of regions, Asia-Pacific is estimated to be the leading region in the market given the rising disposable income and increased usage of IoT and cloud computing technologies. Furthermore, the increasing surge in cyberattacks across several industry verticals has compelled businesses in the region to implement network monitoring solutions in order to secure corporate safety and security while also improving customer service. China and India are the growth engines of the region. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.

COVID-19 Impact on Global Network Monitoring Market:

Covid-19 outbreak impacted the growth of the bearing for steel market negatively. The spread of coronavirus led to enforcement of lockdown to curb the spread of virus. This led to travel restrictions and supply chain disruptions, which in turn affected the product availability on time.

Key Players:

Key players operating in the Network Monitoring Market market are-

  • Apcon
  • AppNeta
  • Big Switch Networks
  • Broadcom, Inc.
  • Cisco Systems, Inc.
  • ExtraHop Networks
  • Colasoft
  • Garland Technology
  • Gigamon
  • IBM Corporation.

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Features of the Report:

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.

The Network Monitoring Market analysis report discusses the following heads in great detail:

  • Market structure: Overview, industry life cycle analysis, supply chain analysis
  • COVID-19 Impact Assessment
  • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
  • Market trend and forecast analysis
  • Market segment trend and forecast
  • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
  • Attractive market segments and associated growth opportunities
  • Emerging trends
  • Strategic growth opportunities for the existing and new players
  • Key success factors.

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Stratview Research is a global market research company and is known to offer custom research reports in varied fields such as aerospace Defense, Advanced Materials, Aerospace Defense, Automotive Mass Transportation, Consumer Goods, Construction Equipment, Electronics and Semiconductors, Energy Utility, Healthcare Life Sciences, and Oil Gas. Our team makes sure to have deep research about the topics so that the most useful insights can be delivered to the professionals.

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