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Redding, California - October 10, 2024

Network Monitoring Market to be Worth $3.9 Billion by 2031

Network Monitoring Market Size, Share, Forecast, & Trends Analysis by Offering (Equipment, Software, Services), Technology (Ethernet, Fiber Optic), Bandwidth (10-100 GBPS, >100 GBPS), Organization Size, End User (Enterprises, Telecom Operators) and Geography—Global Forecast to 2031

Meticulous Research^®—a leading global market research company, published a research report titled ‘Network Monitoring Market—Global Opportunity Analysis and Industry Forecast (2024-2031)’. According to this latest publication, the network monitoring market is expected to reach $3.9 billion by 2031, at a CAGR of 7.3% from 2024 to 2031.

The growth of the network monitoring market is primarily driven by the rising demand for network monitoring systems to address downtime issues, growing demand for cloud services, and increasing complexity of IT environments. However, the high expenses related to network monitoring systems may restrain the growth of this market.

Moreover, the rapid growth of IoT, AI, and machine learning technologies and the increasing use of network monitoring solutions by small and medium-sized enterprises are expected to generate growth opportunities for the players operating in this market. However, misconceptions and a lack of knowledge regarding network monitoring systems are challenges impacting the growth of the network monitoring market.

Key Players:

The network monitoring market is characterized by a moderately competitive scenario due to the presence of many large- and small-sized global, regional, and local players. The key players operating in the network monitoring market are Cisco Systems, Inc. (U.S.), IBM Corporation (U.S.), NETSCOUT Systems, Inc. (U.S.), Keysight Technologies, Inc. (U.S.), VIAVI Solutions Inc. (U.S.), Zenoss, Inc. (U.S.), Network Critical Solutions Ltd. (U.K.), LogicMonitor Inc. (U.S.), Colasoft (U.S.), ExtraHop Networks, Inc. (U.S.), SolarWinds Corporation (U.S.), Broadcom Inc. (U.S.), Paessler AG (Germany), Nagios Enterprises, LLC. (U.S.), and Juniper Networks, Inc. (U.S.).

The network monitoring market is segmented based on offering, technology, bandwidth, organization size, and end user. The report also evaluates industry competitors and analyzes the network monitoring market at the regional and country levels.

Among the offerings studied in this report, the equipment segment is anticipated to hold the dominant position, with a share of 56% of the market in 2024. The increasing need for monitoring equipment to provide comprehensive network monitoring and management, rising demand for network monitoring switches and network terminal access points (TAP), and the rising need to build more powerful and efficient network monitoring devices are factors contributing to the segment’s dominant position in the network monitoring market.

Among the technologies studied in this report, the ethernet segment is anticipated to hold the dominant position, with a share of 45% of the market in 2024. The rising need to manage and monitor network traffic, performance, and security, advancements in ethernet standards, and rising demand for ethernet monitoring solutions to manage high-density and high-speed network environments effectively are factors contributing to the segment’s dominant position in the network monitoring market.

Among the bandwidths studied in this report, the 10-100 GBPS segment is anticipated to hold the dominant position, with a share of 47% of the market in 2024. The increasing demand for high-speed data transfer in data centers, enterprise networks, and service provider environments, along with the rise of network automation and orchestration tools and the growing need for high bandwidth to support data-intensive applications such as video streaming, cloud computing, and big data analytics, are key factors driving this segment's dominance in the network monitoring market.

Among the organization sizes studied in this report, the large enterprises segment is anticipated to hold the dominant position, with a share of 70% of the market in 2024. The robust infrastructure and effective management of network monitoring platforms by experienced IT professionals, the increasing focus on network monitoring solutions, the heightened emphasis on strategic IT initiatives among large enterprises, and the growing need to manage extensive data centers are key factors contributing to this segment's dominance in the network monitoring market.

Among the end users studied in this report, the enterprises segment is anticipated to hold the dominant position, with a share of 52% of the market in 2024. The increasing complexity of IT environments, enhanced network automation, and orchestration, rising adoption of network monitoring solutions in the IT and telecommunications sectors, and the growing demand for advanced threat detection are key factors supporting this segment's dominance in the network monitoring market.

Geographic Review

This research report analyzes major geographies and provides a comprehensive analysis of North America (U.S., Canada), Europe (Germany, U.K., France, Italy, Switzerland, Spain, Poland, and Rest of Europe), Asia-Pacific (Japan, China, India, South Korea, Singapore, Australia & New Zealand, and Rest of Asia-Pacific), Latin America (Brazil, Mexico, and Rest of Latin America), and the Middle East & Africa (UAE, Israel, and Rest of Middle East & Africa).

Among the geographies studied in this report, North America is anticipated to hold the dominant position, with a share of 34% of the market in 2024. The presence of leading network monitoring companies, such as Cisco Systems, Inc., NETSCOUT Systems, Inc., Keysight Technologies, Inc., and LogicMonitor Inc., is anticipated to significantly bolster the revenue share of this region. Additionally, the growing adoption of IoT, AI, and machine learning technologies, along with increasing demand for cloud services, heightened emphasis on network automation, and the expansion of cloud and hybrid environments, are key factors driving this region's dominance in the network monitoring market.

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Key Questions Answered in the Report-

What is the value of revenue generated by the sale of network monitoring?
At what rate is the global demand for network monitoring projected to grow for the next five to seven years?
What is the historical market size and growth rate for the network monitoring market?
What are the major factors impacting the growth of this market at global and regional levels?
What are the major opportunities for existing players and new entrants in the market?
Which offering, technology, bandwidth, organization size, and end user segments create major traction in this market?
What are the key geographical trends in this market? Which regions/countries are expected to offer significant growth opportunities for the manufacturers operating in the network monitoring market?
Who are the major players in the network monitoring market? What are their specific product offerings in this market?
What recent developments have taken place in the network monitoring market? What impact have these strategic developments created on the market?

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Redding, California - October 10, 2024

Network Monitoring Market to be Worth $3.9 Billion by 2031

Network Monitoring Market Size, Share, Forecast, & Trends Analysis by Offering (Equipment, Software, Services), Technology (Ethernet, Fiber Optic), Bandwidth (10-100 GBPS, >100 GBPS), Organization Size, End User (Enterprises, Telecom Operators) and Geography—Global Forecast to 2031

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