Estimates indicate that global network monitoring market size will reach a valuation of US$5 billion by 2026. As network infrastructures become more complex, the need for efficient network diagnostics and optimization functionalities among enterprises is surging. Network monitoring equipment can be broadly classified into network monitoring switch and test access points (TAP).
Network performance monitoring systems gather information from remote infrastructures and provide a detailed performance overview. These systems help telecom operators diagnose network issues and measure network bandwidth. The proliferation of smartphones, BYODs, and cloud applications in recent years along with ongoing 5G deployment projects will likely propel the demand for network performance monitoring systems.
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Network monitoring equipment is bifurcated into network TAP (Test Access Points) and network monitoring switches. Network TAPs are estimated to foresee major expansion owing to their unique application. TAPs are utilized as external devices that analyze the data which is passed from two network nodes.
Meanwhile, a network monitoring switch offers support to the Ethernet WAN and LAN links and also further supports IT teams while troubleshooting network problems. The device helps companies optimize resource allocation with rapid impact analysis. Additionally, network monitoring switches also help to report performance parameters, which is driving their demand in the network monitoring market.
The increasing demand for enhancing the mean-time-to-repair relevant network problems and reducing the time required for network troubleshooting is anticipated to propel the requirement for network performance monitoring solutions.
Citing an instance, electric power firms are increasingly aiming on offering consumers integrated energy solutions. These companies need to maintain large scale metering services and infrastructure to offer consumers access to electricity usage information. The network performance monitoring solution is highly helpful since it gives a proper performance overview by collecting data from each small infrastructure.
This further helps consumers diagnose network problems and measure the network bandwidth. These extensive features and characteristics of network performance monitoring services are further fueling their deployment in the energy sector.
On the regional front, the APAC network monitoring market is poised to grow at a CAGR of more than 15% through the forecast timespan. Rising adoption of cloud applications and smartphones across APAC countries with large populations would likely help add up to the industry share. For instance, as per the GSMA, adoption of smartphones in India was approximately 54% in 2018. This growing penetration of smartphones is allowing telecom companies to offer better network service quality. These telecom companies are subsequently implementing network performance monitoring solutions to better manage the large number of subscribers.
Companies working in the Asia Pacific are currently facing poor network performance and cyber threats. These factors can further be a high risk for users, this risk is consequently impelling telecom companies to use network performance management solutions to improve network optimization and security.
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Some of the companies contributing to the network monitoring market include NETSCOUT Systems, Broadcom, Viavi Solutions Inc., and Riverbed Technology among others.
Table of Contents (ToC) of the report:
Chapter 5. Network Monitoring Market, By Component
5.1. Key trends, by component
5.2. Monitoring equipment
5.2.1. Market estimates and forecast, 2015 – 2026
5.2.2. Network monitoring switch
126.96.36.199. Market estimates and forecast, 2015 – 2026
5.2.3. Network Terminal Access Point (TAP)
188.8.131.52. Market estimates and forecast, 2015 – 2026
5.3. Software platform
5.3.1. Market estimates and forecast, 2015 – 2026
5.4.1. Market estimates and forecast, 2015 – 2026
5.4.2. Professional services
184.108.40.206. Market estimates and forecast, 2015 – 2026
5.4.3. Managed services
220.127.116.11. Market estimates and forecast, 2015 – 2026
Chapter 6. Network Monitoring Market, By Enterprise Size
6.1. Key trends, by enteprise size
6.2.1. Market estimates and forecast, 2015 – 2026
6.3. Large enteprises
6.3.1. Market estimates and forecast, 2015 – 2026
Chapter 7. Network Monitoring Market, By Network Speed
7.1. Key trends, by network speed
7.2. 1 and 10 Gbps
7.2.1. Market estimates and forecast, 2015 – 2026
7.3. 40 Gbps
7.3.1. Market estimates and forecast, 2015 – 2026
7.4. 100 Gbps
7.5. Market estimates and forecast, 2015 – 2026
7.6. 400 Gbps
7.7. Market estimates and forecast, 2015 – 2026
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