In the modern digital age, many businesses and organisations depend on networking technologies to conduct their operations and other important proceedings. While convenient, a network-based operating model is also vulnerable to network failures and data breaches. Moreover, the scale of data consumption is skyrocketing amidst increasing internet penetration and urbanisation. According to a United Nations Population Fund estimation, by 2030, urban areas will accommodate about 67% of the global population. All these prerequisites necessitate the need for advanced network monitoring systems. These services enable real-time network management, downtime identification, and mitigation of cyberattacks among other useful applications. In such a business environment, the global network monitoring market is expected to flourish at a steady pace.
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Growing Need for Robust Network System to Unlock Novel Opportunities
In the recent past, the importance of a robust network has grown significantly. A lot of business transactions, communication, and other important exchanges happen on a live network. A downtime or network device failure can result in significant productivity and business losses. To ensure resilience against such instances, many organisations are investing in state-of-art network monitoring infrastructure. Modern network monitoring systems help reduce downtime and can detect failures automatically. They also intuitive new device addition, mapping network topology, and suspicious activity identification features. All these applications are set to collectively strengthen the growth trajectory of the global network monitoring market in the future.
Increasing Smartphone Usage to Create Substantial Growth Prospects
Of late, the trend of Bring Your Own Device (BYOD) has taken precedence across organisations. Growing remote working culture and smartphone usage by employees can complicate the networking needs of an organisation. While smartphones provide a range of services, applications, and functions, they are also data-intensive and vulnerable to breaches. As many users store sensitive information such as usernames, passwords, and credit card information on them, organisations are now investing promptly to accommodate BYOD and smartphone use under their network monitoring paradigm. These developments, coupled with increasing IoT applications are boding well for the sustained expansion of the global network monitoring market.
Asia Pacific to Claim Lion’s Share in Network Monitoring Market Owing to Paced Adoption of Digital Technologies
Increasing penetration of digital technologies and network tech innovations across Asia Pacific is establishing it as the leading regional network monitoring market. The key economies contributing to the region’s highest revenue share include India, China, and Japan. Besides established corporates, several small and medium-sized businesses are also adopting digital technologies. The number of internet users and the establishment of high-performance network monitoring infrastructure are set to enable more market growth. Lastly, the high concentration of telecom and data center players is sustaining this positive trajectory.
Key Market Players
Some of the major players in the global network monitoring market include Keysight Technologies (US), Gigamon (US), Viavi (US), Netscout (US), Cisco (US), Arista Networks (US), Broadcom (US), Juniper Networks, Inc. (US), Garland Technology (US), Apcon (US), Network Critical (UK), Zenoss (US), LogicMonitor (US), Metadata (US), Calient (US), Netgear (US), Accedian Networks (Canada), Colasoft (US), SevOne (US), ManageEngine (US), LiveAction (US), Riverbed Technology (US), ExtraHop (US), Paessler (Germany), Flowmon Networks (Czech Republic), Auvik Networks (Canada), AppNeta (US), Zabbix (Latvia) Solarwinds (US), and Datadog (US).
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