PUBLISHER: Allied Market Research | PRODUCT CODE: 1225114
PUBLISHER: Allied Market Research | PRODUCT CODE: 1225114
The network performance monitoring market was valued at $2,142.3 million in 2021 and is projected to reach $4,213.8 million by 2031, registering a CAGR of 7.1% from 2022 to 2031. The practice of measuring, diagnosing, and optimizing network service quality as perceived by consumers is known as network performance monitoring (NPM). In order to examine a network's performance, availability, and other crucial parameters, network performance monitoring tools aggregate multiple forms of network data, for instance, packet data, network flow data, metrics from various types of network infrastructure devices, and simulated tests.
The market for network performance monitoring is anticipated to expand significantly during the projected period due to a rise in expenditure on ICT infrastructures. In addition, the industry is experiencing growth owing to a rise in internet penetration and an increase in the need for effective network infrastructure. However, the main challenges hindering the market growth are the rise in inaccurate devices, crucial metrics, and monitoring of logs of linked devices. The adoption of machine learning (ML) and big data analytics, such as the internet of things (IoT) and artificial intelligence (AI), in rapid development in IT, as well as the rise in demand for network visibility and preventing downtime and network failure, are, on the other hand, expected to drive the growth of the network performance monitoring market during the forecast.
The network performance monitoring market research is segmented into component, enterprise size, end-use, and regions. Based on component, the market is categorized into hardware and services. The hardware segment is further categorized into network packet brokers (NPBs) appliances, network terminal access points (TAPs), network access control (NAC) appliances, and network performance monitoring platforms. In addition, services are bifurcated into professional services and managed services. Based on enterprise size, it is divided into small & medium-sized enterprises (SMEs) and large enterprises. Based on end-use, the market is segmented into IT & telecom service providers, cloud service providers, governments & public sector units, and others.
Region-wise, the network performance monitoring market trends are analyzed across North America (U.S. and Canada), Europe (Germany, Italy, France, Spain, UK, and the Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa). The Asia Pacific region, notably China, India & Japan, is predicted to hold a sizable portion of the market among the regional countries. The market for network performance monitoring in North America, particularly in the United States, has emerged as one of the fastest-growing markets.
The market for network performance monitoring has several local, regional, and international firms that are active and well-represented. Rapid technical development has opened a lot of commercial prospects. Players in the industry are always concentrating on creating cutting-edge technology solutions for their clients. Key players operating in the market are Broadcom, Inc., Cisco Systems, Inc., Juniper Networks, Inc., Keysight Technologies, Inc., LogicMonitor Inc., Microsoft Corporation, Nagios Enterprises, LLC, Paessler AG, Profitap HQ B.V., and SolarWinds Worldwide, LLC.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the network performance monitoring market analysis from 2021 to 2031 to identify the prevailing network performance monitoring market opportunities.
Market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the network performance monitoring market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global network performance monitoring market trends, key players, market segments, application areas, and market growth strategies.
By Component
By Enterprise Size
By End User
By Region