Network Monitoring Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR (2024 - 2029) | 0.10 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Network Monitoring Market Analysis
The Network Monitoring Market is expected to register a CAGR of 0.1% during the forecast period.
The market for network monitoring includes technology solutions and services that are intended to oversee, analyze, and oversee network traffic and infrastructure. It includes monitoring networks non-stop to guarantee they work at their best, identify irregularities, and manage any possible security risks. Where organizations can quickly address issues, improve network performance, and boost network security overall as Monitoring tools and systems for networks offer immediate visibility into network activities.
- As businesses grow and implement increasingly sophisticated IT infrastructures, such as mobile networks, cloud computing, and Internet of Things devices, they will require sophisticated network monitoring solutions to maintain and enhance these intricate settings.
- Network monitoring is now more important than ever to control and safeguard remote access and personal devices linked to business networks, thanks to the growth of remote work and Bring Your Own Device (BYOD) rules.
- The rise in cyberattacks is fueled by the increased use of remote desktops and high network traffic, as well as the growing popularity of work-from-home culture. This creates a need for network performance monitoring solutions to enhance network security across various industries.
- With the arise in cyberattacks, there is a continuous need for network monitoring solutions. For instance, According to BlackBerry The number of cyber incidents targeting government organizations worldwide increased reaching 100 thousand in 2023, Therefore, the market growth is anticipated to be accelerated by this factor throughout the forecast period.
- Continous improving network monitoring solutions for organizations by enhancing their ability to analyze large amounts of data, predict issues, and automate actions are being acheived by Technological advancements in machine learning and artificial intelligence
- Spetember 2024 - HPE Aruba Networking's flagship network management platform is being has announced the, injected with more AI capabilities that will allow third-party monitoring of customer networks, including networks equipped with competitor gear from the likes Cisco Systems and Palo Alto Networks.
- It might be costly to implement complete network monitoring systems. SMEs, the initial cost of obtaining sophisticated monitoring systems as well as the continuing costs for upkeep, updates, and support, can be prohibitive, which might hamper the market growth.
Network Monitoring Market Trends
SMEs Witness Major Growth
- The surge in demand for network security along with network performance monitoring in SMEs companies have lead to the adoption of network security tools and solutions. These tools help to troubleshoot the network issues across the IT infrastructure of SMEs. Hence, the SME segment grows significantly during the forecast period.
- With the increasing importance of dependable network performance and the rise in security risks faced by organizations of varying sizes, small businesses have a strong argument for implementing diagnostic network tools. Monitoring networks can enhance IT infrastructure performance more easily, speed up troubleshooting, and prevent network downtime. In the grand scheme of things, making a strategic investment in the appropriate network monitoring tool has the potential to reduce both time and costs for small and medium-sized businesses.
- Contemporary network monitoring software consistently sends signals to devices live and refreshes their status on the map, only alerting when predefined limits are surpassed. Users can be more productive without having to constantly look at a screen for long periods of time, as network monitoring software serves as an extra team member for small IT departments.
- Securing critical business data from both outsiders and insiders alike is one of the top concern for both enterprises and tech SMBs. Moreover, According to Economic times, Attacks on small and medium enterprises (SMEs) have significantly risen in India and accounted for nearly half of all such incidents in 2023. whereas with SMEs, 44% ended up paying amounts ranging between USD 25,000 and USD100,000, according to data from cybersecurity firms, With the rise in cyberattacks, there is a growing need for network monitoring solutions to address the issue. Therefore, this element is anticipated to enhance market expansion in the forecasted time frame.
North America is Expected to Witness the Growth
- Due to the presence of numerous number of market participants North America dominates the market. The market growth in the region has been boosted by the increasing number of network monitoring solution providers and the rising investment in developing advanced IT infrastructure in countries such as the U.S., Canada, and Mexico across various industry sectors.
- Various companies in the region such as Microsoft Corporation,Cisco Systems, Inc.,SolarWinds Worldwide, LLC, Kentik choose to use cloud and AI services rather than spending initial expenses on constructing their own data centers. This move to cloud-based solutions enables improved flexibility, scalability, and business continuity and these factors are anticipated to drive rapid growth in the US
- For instance, Januray 2024, Kentik, a company specializing in network observability, has introduced Kentik AI . This tool enables engineers, operators, architects, and developers to quickly and easily troubleshoot complex networks. The business is introducing Kentik NMS, a new Network Monitoring System that combines modern technology with AI to help teams monitor, manage, and improve network performance in real-time.
- Furthermore, the network performance monitoring industry is expected to experience growth during the forecast period due to the increasing adoption of machine learning, IoT, big data analytics and artificial intelligence in IT sector across the region. This is driven by the growing need for network visibility and preventing downtime and network failure.
Network Monitoring Industry Overview
The Network Monitoring market comprises major global players such as Microsoft Corporation, Cisco Systems, Inc, SolarWinds Worldwide, LLC, LogicMonitor Inc, Nagios enterprises, llc holding a significant market share. The market poses moderately high barriers to entry for the new players.
The intensity of competitive rivalry is high as the significant growth in strategic collaborations. The demand from the buyers has actively led the incumbents to invest in solutions and keep the contracts intact. The need to constantly develop and adapt to newer technologies is observed with growing affordability from peers. Overall, the intensity of competitive rivalry acorss market studied is high and expected to remain the same throughout the forecast period.
Constantly evolving technological advancements and long-term contracts with buyers, there is a control on the distribution channels. However, new entrants could leverage economies of scale with proper funding by innovating new solutions.
Network Monitoring Market Leaders
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Microsoft Corporation
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Cisco Systems, Inc.
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SolarWinds Worldwide, LLC
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LogicMonitor Inc.
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Nagios enterprises, llc
*Disclaimer: Major Players sorted in no particular order
Network Monitoring Market News
- January 2024: Darktrace and Garland Technology are working together to assist businesses in securing their operational technology environments. By combining Garland's Network TAPs and Aggregators with Darktrace/OT, they aim to provide fast visibility and security for OT, IT, and IIoT networks up to Purdue level 1. Utilizing Garland’s network TAP solutions alongside Darktrace reduces deployment difficulties in complex industrial settings, highlights IT and OT convergence, ensures one-way traffic flow, and identifies potential security threats for data and environments protection.
- January 2024: Nokia announced that it would provide NOS with its scalable MantaRay network management solution (formerly known as NetAct). This would offer a unified and automated network monitoring view and management.
Network Monitoring Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS
4.1 Market Overview
4.2 Value Chain Analysis
4.3 Industry Attractiveness - Porter's Five Force Analysis
4.3.1 Bargaining Power of Suppliers
4.3.2 Bargaining Power of Buyers
4.3.3 Threat of New Entrants
4.3.4 Threat of Substitutes
4.3.5 Intensity of Competitive Rivalry
4.4 Assessment of Macroeconomic Factors on the Market
5. MARKET DYNAMICS
5.1 Market Drivers
5.1.1 Trends in BYOD and remote work
5.1.2 Increasing Complexity of Network Infrastructure
5.2 Market Restraints
5.2.1 Exorbitant Deployment and Maintenance Costs
6. MARKET SEGMENTATION
6.1 By Component
6.1.1 Monitoring Equipment
6.1.2 Software
6.1.3 Service
6.1.3.1 Professional Services
6.1.3.2 Managed Services
6.2 By Enterprise Size
6.2.1 Large Enterprises
6.2.2 SMEs
6.3 By End-User
6.3.1 IT & Telecom
6.3.2 BFSI
6.3.3 Healthcare
6.3.4 Energy & Utility
6.3.5 Government
6.3.6 Retail
6.3.7 Industrial
6.3.8 Other End users
6.4 By Geography
6.4.1 North America
6.4.2 Europe
6.4.3 Asia
6.4.4 Australia and New Zealand
6.4.5 Latin America
6.4.6 Middle East and Africa
7. COMPETITIVE LANDSCAPE
7.1 Company Profiles
7.1.1 Microsoft Corporation
7.1.2 Cisco Systems, Inc.
7.1.3 SolarWinds Worldwide, LLC
7.1.4 LogicMonitor Inc.
7.1.5 Nagios enterprises, llc
7.1.6 Profitap HQ B.V.
7.1.7 Keysight Technologies, Inc.
7.1.8 Juniper Networks, Inc.
7.1.9 Broadcom, Inc.
7.1.10 Garland Technology
- *List Not Exhaustive
8. INVESTMENT ANAYSIS
9. FURTURE OF THE MARKET
Network Monitoring Industry Segmentation
Network monitoring involves the continuous observations across computer network to detect slow or malfunctioning parts, and to alert the network administrator through various means like email, SMS, or alarms during outages or issues. Monitoring networks is included in managing networks.
The network monitoring market is segmented by component (monitoring equipment, software, service [professional services, managed services], enterprise size (large enterprises,SMES ), end-user (IT & telecom, , heBFSI, healthcare, energy & utility, government, retail, industrial, other end users), geography (North America, Europe, Asia Pacific, Latin America, Middle East and Africa). The Report Offers Market Forecasts and Size in Value (USD) for all the Above Segments.
| By Component | ||||
| Monitoring Equipment | ||||
| Software | ||||
|
| By Enterprise Size | |
| Large Enterprises | |
| SMEs |
| By End-User | |
| IT & Telecom | |
| BFSI | |
| Healthcare | |
| Energy & Utility | |
| Government | |
| Retail | |
| Industrial | |
| Other End users |
| By Geography | |
| North America | |
| Europe | |
| Asia | |
| Australia and New Zealand | |
| Latin America | |
| Middle East and Africa |
Network Monitoring Market Research FAQs
What is the current Network Monitoring Market size?
The Network Monitoring Market is projected to register a CAGR of 0.1% during the forecast period (2024-2029)
Who are the key players in Network Monitoring Market?
Microsoft Corporation, Cisco Systems, Inc., SolarWinds Worldwide, LLC, LogicMonitor Inc. and Nagios enterprises, llc are the major companies operating in the Network Monitoring Market.
Which is the fastest growing region in Network Monitoring Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Network Monitoring Market?
In 2024, the North America accounts for the largest market share in Network Monitoring Market.
What years does this Network Monitoring Market cover?
The report covers the Network Monitoring Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Network Monitoring Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Network Monitoring Industry Report
Statistics for the 2024 Network Monitoring market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Network Monitoring analysis includes a market forecast outlook for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
