Network Monitoring Market Growth Rate And Industry Analysis 2021-2026

The market research report on the Network Monitoring Market aims to help the users discover detailed information regarding trends in the market. The report also throws light on the overview of the thorough analysis of the correlated key players active in the market, covering their competitive landscape, supply chain analysis, and latest developments like investments, expansion, technological growth, etc.

Market Forecast:

During the coming 5 years, The Network Monitoring Market is likely to witness an impressive CAGR of 10.2% during the forecast period. There are number of factors that have a direct or indirect effect on demand influence the market’s growth. The report has been compiled using few methods that aid in analysing the company’s strengths, weaknesses, and taking advantage of opportunities to avoid market pitfalls.

Here are the key-players mentioned in the report –

  • Apcon
  • AppNeta
  • Big Switch Networks
  • Broadcom, Inc.
  • Cisco Systems, Inc.
  • ExtraHop Networks
  • Colasoft
  • Garland Technology
  • Gigamon
  • IBM Corporation.

Segment-wise Analysis:

Market segmentation included in this report divides the Network Monitoring Market into subgroups based on demographics, needs, priorities, shared interests, and other behavioural characteristics that help to better understand the target audience. The user can be benefitted by using this targeting in product, sales, and marketing strategies.

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As per the report, the market is segmented by:

Network Monitoring Market Share: By Component Type

Based on the component type, the market is segmented as monitoring equipment, software platform, and service. Monitoring equipment is projected to witness strong growth rate during the forecast period as it enables businesses to generate performance charts and log files that aid in the enhancement of system capabilities by allowing users to change system settings for optimal performance. Component type network monitoring type is further categorized as network monitoring switch and network terminal access point (TAP). Service monitoring type is further classified as professional services and managed services.

Network Monitoring Market Share: By Enterprise Size Type

Based on the enterprise size type, the market is segmented as SMEs and large enterprises. The SMEs segment is anticipated to be the leading segment of the market owing to their widespread adoption of network monitoring solutions. Furthermore, the use of network monitoring by SMEs to optimize their network infrastructure is expected to boost the product demand in the market during the forecast period.

Network Monitoring Market Share: By Application Type

Based on the application type, the market is segmented as government, IT & Telecom, BFSI, healthcare, energy & utility, retail, industrial, and others. The BFSI segment is anticipated to be the leading segment of the market as BFSI businesses demand a reliable IT infrastructure that meets stringent internal and external service level standards. Furthermore, the bulk of BFSI businesses in the United States are geographically dispersed and deal with a variety of technologies, ranging from legacy systems to hybrid cloud-based solutions.

Network Monitoring Market Share: By Region

Network-Monitoring-Market-By-Region

In terms of regions, Asia-Pacific is estimated to be the leading region in the market given the rising disposable income and increased usage of IoT and cloud computing technologies. Furthermore, the increasing surge in cyberattacks across several industry verticals has compelled businesses in the region to implement network monitoring solutions in order to secure corporate safety and security while also improving customer service. China and India are the growth engines of the region. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.

COVID-19 IMPACT

The coronavirus pandemic affected almost all the sectors of the economy in 2020. Many businesses across the globe saw their supply chains interrupted, demand for their products and services decline, scarcities in supplies and inputs, etc.

While the majority of organisations had to face losses due to the pandemic, there are a few that have remained stable during this period and are projected to expand gradually in the future. The study on the Network Monitoring Market by Stratview Research provides a sneak peek into its business success in 2020 to upcoming 5 years.

Sneak peek into the Report:

This report focuses on the various types, segments, and growth in the Network Monitoring Market. It offers valuable insights into business dynamics and allows current and potential market participants to make strategic decisions.

The report also benchmarks the major parameters like –

  • Industry Outlook
    • Market Segmentation & Value Chain Analysis
    • Industry Dynamics
    • Drivers
    • Restraints
    • Growth Opportunities
    • Regional Outlook
    • Country-level Analysis
    • Competitive Landscape
    • Company Market Share Analysis
    • Key Company Profiles/ Market Players

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