Dublin, April 04, 2023 (GLOBE NEWSWIRE) -- The "Global Network Performance Monitoring Market Size, Share & Industry Trends Analysis Report By End User, By Enterprise Size, By Component, By Regional Outlook and Forecast, 2022-2028" report has been added to ResearchAndMarkets.com's offering.
The Global Network Performance Monitoring Market size is expected to reach $3.2 billion by 2028, rising at a market growth of 6.9% CAGR during the forecast period.
Key Market Players
List of Companies Profiled in the Report:
- Broadcom, Inc
- Microsoft Corporation
- Cisco Systems, Inc
- Juniper Networks, Inc
- Keysight Technologies, Inc
- SolarWinds Worldwide, LLC
- LogicMonitor, Inc
- Paessler AG
- Profitap HQ B.V
- Nagios Enterprises, LLC
The process of visualizing, monitoring, optimizing, debugging, and reporting on the availability and health of the network as experienced by the users is known as network performance monitoring. Network performance monitoring (NPM) systems can use different types of telemetry, including network flow data, packed data, and device metrics, like SNMP, WMI, API, synthetic tests, CLI, and logs.
Additionally, packets are necessary for anything done on the network because they transport data between nodes. With the advancement in technology, the complexity of network management has increased. This is due to the prevalence of hybrid configurations among businesses today, which combine on-premise servers with cloud-based services.
Consequently, most companies want to establish a reliable network performance monitoring system. The company's success will depend on how well the network operates. In particular, if the network is down even for a few moments, the company could experience serious implications. In the event of data loss or theft, network monitoring is a modern technology that is used to trace and monitor computer networks.
It alerts or warns the network administrator in case of data loss and theft. Due to faulty devices' influence on network performance, ongoing network monitoring is essential. These systems continuously collect enormous amounts of data, which enables data to be filtered to find any anomalies using network monitoring tools. As a result, enterprises, cloud services, and telecommunications leverage these technologies. In addition, innovations in the electronics device and system sectors improve and modernize network monitoring systems.
Market Growth Factors
Growing need for robust network monitoring tools to address issues with outages.
Downtime, lost productivity, and even security issues can occur when network equipment fails. While hardware issues and malfunctions might bring the entire network to a complete halt, high processing or network utilization can painfully slow down operations.
These problems can be quickly identified and corrected with the help of network performance monitoring tools. Network monitoring saves costs for the company by minimizing downtime.
Many network monitoring technologies also add value by automatically integrating new devices, specifying network layouts, and revealing malicious activities or potential security breaches. In the upcoming years, the industry will have profitable growth prospects as a result of these factors.
Rising internet of things (IOT) expansion and the bring-your-own-device (BYOD) trend.
Employees are increasingly being provided personal mobile applications and devices to use for both personal and business purposes under the term 'bring your own device' or BYOD. Mobile device adoption has significantly increased as a result of organizations' greater support for BYOD.
The availability of a plethora of services, applications, and capabilities has increased the accessibility of storage, transmission, and receiving of large volumes of data on mobile devices. Passwords, credit card numbers, and usernames are among the sensitive data stored on mobile devices. Therefore, during the forecast period, these factors drive the growth of the network performance monitoring market.
Market Restraining Factor
Exorbitant costs related to network monitoring.
As more corporate functions go online, businesses must update their networks to provide capacity and new features. In addition to managing standard IT applications, networks increasingly need to serve a variety of business services like video conferencing and telephony, which require additional network bandwidth.
Additionally, multicasting protocols, autoconfiguration protocols, protocols for new endpoint devices, and IP virtualization capabilities are required to deploy new services on shared network infrastructure. As a result, the high implementation costs for NPM solutions are severely impeding the market's expansion for network performance monitoring.
Scope of the Study
Market Segments Covered in the Report:
By End User
- IT & Telecom Service Providers
- Cloud Service Providers
- Governments & Public Sector Units
- Others
By Enterprise Size
- Large Enterprises
- Small & Medium Sized Enterprises
By Component
- Hardware
- Network Performance Monitoring Platforms
- Network Terminal Access Points (TAPs)
- Network Access Control (NAC) Appliances
- Network Packet Brokers (NPBs) Appliances
- Service
By Geography
North America
- US
- Canada
- Mexico
- Rest of North America
Europe
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
LAMEA
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 288 |
| Forecast Period | 2021 - 2028 |
| Estimated Market Value (USD) in 2021 | $2029.8 Million |
| Forecasted Market Value (USD) by 2028 | $3201.6 Million |
| Compound Annual Growth Rate | 6.9% |
| Regions Covered | Global |
For more information about this report visit https://www.researchandmarkets.com/r/ixcpo5
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