What Does the Historical and Current Network Monitoring Market Size Trend Indicate?
The network monitoring market has seen considerable growth due to a variety of factors.
• The size of the network monitoring market has expanded robustly in the past few years, with projections indicating a surge from $2.84 billion in 2024 to $3.04 billion in 2025. This signifies a compound annual growth rate (CAGR) of 7.2%.
Factors such as the increasing sophistication of network environments, growing concerns around cybersecurity, a heightened focus on performance optimization, compliance and regulatory demands, and the broadening scope of IT infrastructure, have significantly contributed to the growth experienced over the recent period.
What Does Future Hold for The Network Monitoring Market Size?
The network monitoring market is expected to maintain its strong growth trajectory in upcoming years.
• In the upcoming years, the network monitoring market is projected to witness substantial expansion. It is anticipated to reach $4.76 billion by 2029 with a compound annual growth rate (CAGR) of 11.8%.
The predicted growth within this period can be attributed to several factors such as increased implementation of cloud-based network installations, the rising significance of application performance monitoring (APM), the integration of aspects like artificial intelligence (AI) and machine learning (ML), the advent of edge computing networks, and focus on network automation and orchestration. Key trends in the forecast period involve hybrid and multi-cloud network monitoring solutions, emphasis on enhancing end-user experience monitoring, collaboration with network security solutions, integration of 5G network monitoring capabilities, and abiding by data privacy regulations.
What Are The Core Factors Supporting Growth In Network Monitoring Market?
The burgeoning interest in SaaS-based network monitoring solutions is poised to drive the network monitoring market's expansion. SaaS, or Software as a Service, is a mode of software delivery where software programs are hosted by a cloud provider and made accessible to users via the internet. This type of network monitoring improves visibility, awareness and the ability to address issues autonomously, bypassing the necessity to consult a service provider's support desk. It does so, by delivering real-time information straight from the user's browser. The concept of network monitoring is closely tied to a cloud-based SaaS infrastructure monitoring service. It involves the collection, storage and analysis of network performance monitoring data in a SaaS repository, rather than in traditional physical or virtual appliances. For example, BetterCloud's 2023 report indicates a substantial rise in the demand for Software as a Service (SaaS) applications, with businesses now leveraging an average of 130 apps. This denotes an 18% growth in 2023. As such, the increasing appeal of SaaS-based network monitoring solutions is spurring the demand for the network monitoring market.
What Is The Segmentation Of The Global Network Monitoring Market?
The network monitoring market covered in this report is segmented –
1) By Offering: Equipment, Network TAPs, Data Monitoring Switches, Solutions and Services
2) By Bandwidth: 1 and 10 Gbps, 40 Gbps, 100 Gbps
3) By Enterprise Size: Large Enterprise, SMEs
4) By Applications: IT and Telecom, BFSI, Healthcare, Energy and Utilities, Government, Retail, Industrial, Other Applications
Subsegments:
1) By Equipment: Network Monitoring Appliances, Hardware Devices For Monitoring, Network Sensors
2) By Network Taps (Test Access Points): Passive Network Taps, Active Network Taps, Aggregating Network Taps
3) By Data Monitoring Switches: Managed Switches, Unmanaged Switches, Layer 2 And Layer 3 Switches
4) By Solutions And Services: Network Performance Monitoring Solutions, Security Monitoring Solutions, Consulting And Implementation Services, Support And Maintenance Services
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What Emerging Trends Are Shaping The Network Monitoring Market?
Advancements in technology have become a prevailing trend in the network monitoring market's progression. The leading companies in this domain are striving to create novel technological solutions to consolidate their market presence. For instance, in June 2024, Datadog, Inc, an American organization providing monitoring and security systems for cloud applications, unveiled significant upgrades to its array of security products. The new introductions, encompassing Agentless Scanning, Data Security, and Code Security features, aim to equip DevOps and security teams to flawlessly safeguard their code, cloud infrastructure, and production applications, thereby improving the overall security scenario throughout the development lifecycle.
Who Are the Key Players in the Network Monitoring Market?
Major companies operating in the network monitoring market include:
• International Business Machines Corporation
• Broadcom Inc.
• Keysight Technologies Inc.
• Juniper Networks Inc.
• Arista Networks Inc.
• Splunk Inc.
• VIAVI Solutions Inc.
• Cisco Systems Inc.
• Datadog Inc.
• ManageEngine Inc.
• Riverbed Technology Inc.
• Netgear Inc.
• Netscout Systems Inc.
• SolarWinds Inc.
• Dynatrace LLC
• Gigamon Inc.
• ExtraHop Networks Inc.
• SevOne Inc.
• LogicMonitor Inc.
• Paessler AG
• Kentik Inc.
• AppNeta Inc.
• Accedian Networks Inc.
• Calient Technologies LLC
• Garland Technology Inc.
• Plixer International Inc.
• Big Switch Networks Inc.
• Nagios Enterprises LLC
• Motadata Inc.
• Apcon Technologies Inc.
What are the Regional Insights into the Network Monitoring Market?
North America was the largest region in the network monitoring market in 2024. Asia-Pacific is expected to be the fastest-growing region in the global network monitoring market during the forecast period. The regions covered in the network monitoring market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
