Network Monitoring Market Status and Forecast, by Players 2029
With the modern digital age revolutionizing business operations and transactions, organizations worldwide increasingly rely on networking technologies. However, this network-based operating model brings vulnerabilities such as network failures and data breaches. Moreover, the exponential growth in internet penetration and urbanization has led to an unprecedented surge in data consumption. According to the United Nations Population Fund, urban areas are expected to accommodate approximately 67% of the global population by 2030. These factors underscore the urgent need for advanced network monitoring systems, which offer real-time network management, downtime identification, and cyberattack mitigation, among other essential applications. As a result, the global network monitoring market is poised to experience substantial growth.
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The significance of a robust network infrastructure has surged in recent times as crucial business transactions, communication, and exchanges occur on live networks. Network downtime or device failures can result in significant productivity and financial losses. To ensure resilience against such instances, organizations are increasingly investing in state-of-the-art network monitoring infrastructure. Modern network monitoring systems effectively reduce downtime by automatically detecting failures, facilitating new device integration, mapping network topology, and identifying suspicious activities.
Collectively, these applications are expected to drive the growth trajectory of the global network monitoring market in the foreseeable future.
The widespread adoption of Bring Your Own Device (BYOD) policies and the increasing usage of smartphones among employees pose unique networking challenges for organizations. While smartphones offer a wide range of services and applications, they are also data-intensive and susceptible to breaches. As sensitive information like usernames, passwords, and credit card details are stored on these devices, organizations are proactively investing in network monitoring solutions to accommodate BYOD and smartphone use. These developments, coupled with the rising number of Internet of Things (IoT) applications, are creating substantial growth prospects for the global network monitoring market.
Asia Pacific is poised to dominate the network monitoring market due to its rapid adoption of digital technologies. The region, led by key economies such as India, China, and Japan, is witnessing a significant penetration of digital technologies and network tech innovations. Not only are established corporates embracing these advancements, but numerous small and medium-sized businesses are also adopting digital technologies. The region's expanding base of internet users and the establishment of highperformance network monitoring infrastructure will further facilitate market growth. Additionally, the concentration of telecom and data center players in Asia Pacific is sustaining this positive trajectory. Prominent players in the global network monitoring market include Keysight Technologies, Gigamon, Viavi, Netscout, Cisco, Arista Networks, Broadcom, Juniper Networks, Inc., Garland Technology, Apcon, Network Critical, Zenoss, LogicMonitor, Metadata, Calient, Netgear, Accedian Networks, Colasoft, SevOne, ManageEngine, LiveAction, Riverbed Technology, ExtraHop, Paessler, Flowmon Networks, Auvik Networks, AppNeta, Zabbix, Solarwinds, and Datadog.
As businesses and organizations increasingly depend on robust network systems, the global network monitoring market is poised for steady growth. With advanced monitoring infrastructure, organizations can ensure uninterrupted operations, reduce downtime, and safeguard against cyber threats. The market's potential is further fueled by the rising adoption of smartphones and IoT applications, along with the rapid digital transformation in the Asia Pacific region.
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