Network Performance Monitoring Market Statistics, 2031
The global network performance monitoring market was valued at $2.1 billion in 2021 and is projected to reach $4.2 billion by 2031, growing at a CAGR of 7.1% from 2022 to 2031.
The network performance monitoring market share is expected to witness notable growth during the forecast period, owing to an increase in spending on ICT infrastructures. Furthermore, the rise in demand for efficient network infrastructure along with an increase in internet penetration has driven the growth of the market.
However, increasing erroneous devices and critical metrics and monitoring over logs of interconnected devices are the prime factors restraining the market growth. On the contrary, the adoption of machine learning (ML) and big data analytics such as the internet of things (IoT) and artificial intelligence (AI) in rapid development in IT and the rise in need for network visibility and preventing downtime and network failure are expected to propel the network performance monitoring market growth during the forecast period.
The technique of evaluating and tracking a network's service level to determine if it is functioning properly is known as network performance monitoring. Network administrators and analysts may assess performance indicators and spot any problems or dangers with the help of network performance monitoring. Tools for network performance monitoring will aid in managing connected devices as well as collecting data from servers or other connected devices. The data will then be analyzed by a network performance monitoring program to identify any congestion or bottleneck areas, which will allow the network to boost throughput after they are resolved. Several of these tools can be automated to make the procedure simpler.
These technologies can generate reports and notify users of any problems. These technologies can generate reports and notify users of any problems. This should enable network administrators to handle concerns before they develop into greater difficulties. The need for network performance monitors has been pushed by businesses with stringent dependability standards. A network performance monitor is becoming necessary as network architecture becomes increasingly sophisticated and application delivery becomes more time-sensitive. Network monitoring technologies of today must combine usability, scalability, and capabilities.
Network monitoring and optimization depend heavily on network performance analytics and reporting. Network performance analysis hardware offer visualization and reporting options on a customizable dashboard that can ingest all network data sources and provide real-time performance visibility, allowing analysts to quickly gain insights, proactively identify and resolve issues across a network, and enhance network performance. While network performance monitoring technology makes it easier to conduct routine network performance testing, researchers and students may prefer to employ network performance modeling and simulations to study computer network behavior without risking the erosion of service performance.
Small & medium-sized enterprises (SMEs) are known to have less than 1,000 employees. Greater adoption of network performance monitoring is witnessed among SMEs to identify, manage, and control different sizes of network datasets. Maximum efficiency and reduced costs are considered vital factors for these enterprises, as they have inadequate budgets to keep track of file sharing across their network infrastructures. As a result, SMEs employ assistance in network performance monitoring to enhance their network designing, security, and network managerial matters.
Network performance monitoring is a crucial general IT function that enables managers to enhance network performance, particularly in businesses with stringent reliability standards and intricate network topologies. Performance may be checked on networking devices such as servers, routers, switches, and virtual machines (VMs). Solutions for measuring network performance come in both proprietary and open-source varieties. NPM tools may make it possible to analyze a network's performance in the past, present, or even in the future. The quality of the end-user experience may be understood via network performance data, particularly data acquired from active, synthetic testing, which is a useful tool for NPM solutions (in contrast to passive forms of network performance monitoring such as packet or flow data collection).
Region-wise, the network performance monitoring market trends are analyzed across North America (U.S. and Canada), Europe (Germany, Italy, France, Spain, UK, and the Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and the rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa). The Asia Pacific region, notably China, India & Japan, is predicted to hold a sizable portion of the market among the regional countries. The market for network performance monitoring in North America, particularly in the United States, has emerged as one of the fastest-growing markets.
Top Impacting Factors
The network performance monitoring industry is estimated to grow considerably during the forecast period due to an increase in spending on ICT infrastructures. The sector has expanded as a result of increased internet usage and an increased need for effective network infrastructure. The rise in incorrect devices, important measurements, and monitoring over logs of connected devices, however, are the key issues impeding market expansion.
On the other hand, it is anticipated that the adoption of machine learning (ML) and big data analytics, including the internet of things (IoT) and artificial intelligence (AI), which are developing quickly in IT, as well as the rise in demand for network visibility and preventing downtime and network failure, will fuel the growth of the network performance monitoring industry during the forecast period.
Adoption of IoT & AI Technologies
Global adoption of AI and automated technologies led to an exponential increase in cloud computing, and big data technology and enhance IT infrastructure for efficient business operations. Therefore, advancements in robotic technologies have enhanced flexibility and cyber security, providing lucrative growth opportunities for the network performance monitoring market.
Rise in Need of Automated Network Visibility and Preventing Downtime and Network Performance Failure
Network, performance monitoring aids in avoiding unplanned disruptions. One significant aspect of network monitoring solutions is that it helps to identify warning signs that might indicate a device failure or network problem. This results in identifying the problem and preventing downtime from occurring which drives the network performance monitoring market. Many key players adopted strategies such as enhancements collaboration and more to sustain the intense competition and improve their product portfolio by enhancing automated platforms.
Competition Analysis
Competitive analysis and profiles of the major network performance monitoring market players, such as Broadcom, Inc., Cisco Systems, Inc., Juniper Networks, Inc., Keysight Technologies, Inc., LogicMonitor Inc., Microsoft Corporation, Nagios Enterprises, LLC, Paessler AG, Profitap HQ B.V., and SolarWinds Worldwide, LLC. are provided in this report.
Key Benefits for Stakeholders
This study comprises an analytical depiction of the network performance monitoring market size along with the current trends and future estimations to depict the imminent investment pockets.
The overall network performance monitoring market analysis is determined to understand the profitable trends to gain a stronger foothold.
The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
The current network performance monitoring market forecast is quantitatively analyzed from 2021 to 2031 to benchmark financial competency.
Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the smart display.
The report includes the market share of key vendors and network performance monitoring market trends.
Network Performance Monitoring Market Report Highlights
Aspects | Details |
Market Size By 2031 | USD 4.2 billion |
Growth Rate | CAGR of 7.1% |
Forecast period | 2021 - 2031 |
Report Pages | 199 |
By Component |
|
By Enterprise Size |
|
By End User |
|
By Region |
|
Key Market Players | nagios enterprises, llc, Keysight Technologies, Inc., LogicMonitor Inc., Profitap HQ B.V., Broadcom, Inc.,, SolarWinds Worldwide, LLC, Juniper Networks, Inc., Microsoft Corporation, Cisco Systems, Inc., paessler ag |
Analyst Review
Regardless of the size of the firm, the quality of its network infrastructure is important for efficient processes. Different organizations, from individual companies to multinational corporations, require multiple strategies. In addition, the surge in demand for network security services in many regions of the world is promising new opportunities for the growth of the network performance monitoring market.
These services go further than simply mending damaged connections, they also comprise several procedures that simplify commercial operations. Network consulting services upgrade the warranties and software of the firm. These services also guarantee that all crucial data is safeguarded and regularly backed up. Furthermore, different network consulting service providers develop a strategic infrastructure architecture that optimizes investment and streamlines operations.
The global network performance monitoring market is highly competitive, owing to the strong presence of existing vendors. Network services providers, who have access to extensive technical and financial resources are anticipated to gain a competitive edge over their rivals, as they can cater to the market requirements. The competitive environment in this market is expected to further intensify with an increase in technological innovations, product extensions, and different strategies adopted by key vendors.
For instance, Juniper Networks powers its vision and strategy for Cloud Metro a new category of solutions for service providers, optimized for metro transformation and sustainable business growth. Traditional “retro” metro networks are device-centric and are buckling under the extreme scale, agility, and experience demand that widespread digital transformation and the advent of 5G services are bringing. This solution focuses on enabling sustainable business growth, with a series of high-performance networking systems, powered by AI-enabled, cloud-delivered automation, specifically designed to build next-generation Cloud Metro infrastructure.
Due to an increase in ICT investment, the market for network performance monitoring market is anticipated to expand significantly over the course of the projected period. The industry has expanded as a result of expanding internet usage and the increased need for effective network infrastructure. However, a significant aspect limiting industry expansion is high server downtime and server consulting system costs. Downtime is expensive and kills productivity. As a result monitoring network performance aids in avoiding unplanned disruptions. Contrarily, the rapid development of IT and wireless networking technologies, coupled with the adoption of machine learning (ML) and big data analytics, such as the internet of things (IoT) and artificial intelligence (AI), is anticipated to fuel the growth of the network performance monitoring market during the forecast period.
Among the analyzed regions, Asia-Pacific exhibits the highest adoption rate of network monitoring services and has been experiencing a massive expansion of the market. On the other hand, North America and Europe are expected to grow at a faster pace, predicting lucrative growth, owing to emerging countries, such as the UK, U.S., Germany, and Canada investing in these technologies. Regions, such as the LAMEA, are also expected to offer new opportunities for the network performance monitoring market in the future.
The key players profiled in the report include Broadcom Inc, Cisco Systems, Inc., Juniper Networks, Inc., Keysight Technologies, LogicMonitor Inc., and Microsoft Corporation. To promote organic growth and solidify their positions in the network performance monitoring industry, all these market participants are investing a significant amount into R&D activities. To produce technologically innovative products and acquire a competitive edge in the market, they are also placing a major focus on mergers and acquisitions and strategic alliances.
For instance, in February 2021, LogicMonitor Inc. acquired Airbrake for Accelerated Performance Monitoring. The acquisition will extend its ITIM platform into developer environments and allow customers to gain visibility into CI/CD workflows. Airbrake and LogicMonitor enable developers with the depth of platform observability they desperately need, while also bringing code-level application insights to IT and operations teams.
The rising adoption of AI and IoT technologies and requirement for enhanced network visibility are the upcoming trends in the network performance monitoring market.
Asia-Pacific is the largest region in the network performance monitoring market.
IT & telecom service providers and cloud service providers are the dominating end uses of the network performance monitoring market.
The estimated industry size of the network performance monitoring market is $ 2 billion.
Microsoft Corporation, Broadcom Inc., Cisco Systems, Inc., LogicMonitor Inc., and Keysight Technologies are the top companies to hold the market share in network performance monitoring
Loading Table Of Content...