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Network Monitoring Market Growth Analysis & Forecast Report | 2023-2032

Network Monitoring Market is set to witness massive growth between 2023 and 2032, primarily owing to the gradual shift of the companies toward cloud-based solutions. Reliable estimates suggest that more than 90% of organizations worldwide make use of cloud computing.

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Network Monitoring Market Growth Analysis & Forecast Report | 2023-2032

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  1. Network Monitoring Market 2023-2032; Growth Forecast & Industry Share Report

  2. Industry Insights • As per a recent research report, Network Monitoring Market to surpass USD 12 Bn by 2032. • Network Monitoring Market is set to witness massive growth between 2023 and 2032, primarily owing to the gradual shift of the companies toward cloud-based solutions. Reliable estimates suggest that more than 90% of organizations worldwide make use of cloud computing. • In addition, the key market players are also attempting to further strengthen their presence in the industry by engaging in R&D initiatives and expanding their operational areas. For instance, in December 2022, BT's subsidiary Openreach announced boosting the broadband traffic with 229PB data. BT also declared establishing a strategic partnership with Nokia to deploy its AVA analytics software. This move would enable BT clients to experience seamless network connectivity.

  3. To cite another instance, in December 2022, the onboard (OT) data and cybersecurity firm, Shift5 announced opening a new office in Virginia. With this new location, the firm plans to expand its office footprint by almost 67%, while supporting the expansion of tech community in the DC Metro region. • Overall, the network monitoring market has been segmented in terms of component, monitoring equipment, service, enterprise size, network speed, application, and region. • Based on the component, the software platform segment will experience substantial growth through 2032. Simple integration and cost-effectiveness of network monitoring software would augment its demand in the coming years, supporting the segmental expansion. • In the context of service, the managed services segment is anticipated to grow at more than 15% CAGR through 2032. This growth can be accredited to the increasing number of enterprises that are using managed network monitoring services to outsource the overall maintenance and management of network infrastructure. This would allow the companies to optimize the network, reduce capital expenditure, and manage network monitoring solutions.

  4. Regional Analysis the network monitoring market will grow steadily in North America, where it was valued at more than USD 1 Billion in 2022. The regional market growth can be attributed to the substantial penetration of network monitoring solutions and their development by prominent market players. • Competitive Analysis • Garland Technology, IBM Corporation (SevOne, Inc.), LiveAction, Inc., Viavi Solutions, Inc., IBM Corporation (SevOne, Inc.), Garland Technology, LLC, Riverbed Technology, Inc., Arista Networks, Inc., Juniper Networks, Inc., and SolarWinds Worldwide, LLC, among others

  5. Network Monitoring Market @ https://www.gminsights.com/industry-analysis/network-monitoring-market Request for sample of this research report @ https://www.gminsights.com/request-sample/detail/3015 Request for customization: https://www.gminsights.com/roc/3015

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