In the era of digital advancements, businesses and organizations rely heavily on networking technologies to conduct their operations efficiently. While network-based operating models offer convenience, they also face the risks of network failures and data breaches. With the rapid increase in internet penetration and urbanization, coupled with the estimation that urban areas will accommodate around 67% of the global population by 2030 (according to the United Nations Population Fund), the demand for advanced network monitoring systems has become paramount. These systems provide real-time network management, downtime identification, and cyberattack mitigation, among other crucial applications. As a result, the global network monitoring market is anticipated to flourish at a steady pace.
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The Importance of Robust Networks Drives Demand for Advanced Monitoring Systems
In recent times, the significance of having a robust network infrastructure has grown significantly. Many vital business transactions, communication, and exchanges occur over live networks. Any downtime or network device failure can result in substantial productivity losses and business disruptions. To ensure resilience against such instances, numerous organizations are investing in state-of-the-art network monitoring infrastructure. Modern network monitoring systems help minimize downtime, automatically detect failures, facilitate intuitive device addition, map network topology, and identify suspicious activities. The convergence of these applications is expected to fuel the growth trajectory of the global network monitoring market in the foreseeable future.
Growing Smartphone Usage Presents Lucrative Opportunities
The trend of Bring Your Own Device (BYOD) has gained prominence across organizations in recent years. With the rise of remote working culture and increased smartphone usage by employees, the networking needs of organizations have become more complex. While smartphones offer a wide range of services, applications, and functions, they are also data-intensive and prone to security breaches. As many users store sensitive information, such as usernames, passwords, and credit card details, on their smartphones, organizations are proactively investing in accommodating BYOD and smartphone usage within their network monitoring framework. These developments, coupled with the increasing adoption of Internet of Things (IoT) applications, are expected to drive sustained expansion in the global network monitoring market.
Asia Pacific Emerges as the Dominant Regional Market
The Asia Pacific region is poised to claim the largest share of the network monitoring market, thanks to the accelerated adoption of digital technologies. Countries such as India, China, and Japan are among the key contributors to the region's highest revenue share. In addition to established corporates, numerous small and medium-sized businesses are also embracing digital technologies. The increasing number of internet users and the establishment of high-performance network monitoring infrastructure will further facilitate market growth. Moreover, the region's concentration of telecom and data center players sustains this positive trajectory.
Key Market Players
The global network monitoring market features major players such as Keysight Technologies, Gigamon, Viavi, Netscout, Cisco, Arista Networks, Broadcom, Juniper Networks Inc., Garland Technology, Apcon, Network Critical, Zenoss, LogicMonitor, Metadata, Calient, Netgear, Accedian Networks, Colasoft, SevOne, ManageEngine, LiveAction, Riverbed Technology, ExtraHop, Paessler, Flowmon Networks, Auvik Networks, AppNeta, Zabbix, SolarWinds, and Datadog.
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