The Asia Pacific Network Performance Monitoring Market would witness market growth of 7.7% CAGR during the forecast period (2022-2028).
Network performance monitoring tools are often offered as hardware, virtual, and cloud software for total visibility across multi-cloud or hybrid systems. Network devices and their operations are managed and observed using the simple network management protocol (SNMP). It is one of the most extensively used protocols and offers the data required to quickly identify network infrastructure issues.
SNMP provides vital data and network diagnostics regarding the accessibility of network devices and interfaces as well as other performance indicators, including CPU and memory usage, bandwidth utilization, packet loss, delay, errors, and discards. A wide variety of hardware supports SNMP, including routers, switches, and endpoints like the internet of things devices, printers, and scanners.
Additionally, network hardware, including switches, routers, and other devices, produce flow data. It is possible to learn important details about users on the network, peak usage periods, and traffic patterns by tracking and analyzing flow data. Flow-based network monitoring is able to comprehend traffic patterns, offer a comprehensive picture for tracking WAN traffic and network bandwidth use, allow QoS validation, and monitor performance in addition to being utilized for network troubleshooting.
Asia Pacific region is one of the markets that is adopting network performance monitoring tools at a fast pace. The region has developed into a center for different technical developments because of significant investment in digital infrastructure. This has opened up a huge window of opportunity for network performance monitoring vendors to enter the regional market. To build a digital India, the Indian government has been proactively working. As a result, the number of users and connected devices has dramatically increased. Consequently, numerous new services and applications have emerged that call on dependable and fast networks. To ensure the efficiency of their operations, these organizations need reliable network performance monitoring solutions. Network performance monitoring vendors now have a great opportunity to provide these businesses with solutions. The regional market would expand as a result of this factor.
The China market dominated the Asia Pacific Network Performance Monitoring Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $266.3 million by 2028.The Japan market is estimated to grow a CAGR of 7% during (2022 - 2028). Additionally, The India market would experience a CAGR of 8.4% during (2022 - 2028).
Based on End User, the market is segmented into IT & Telecom Service Providers, Cloud Service Providers, Governments & Public Sector Units and Others. Based on Enterprise Size, the market is segmented into Large Enterprises and Small & Medium Sized Enterprises. Based on Component, the market is segmented into Hardware and Service. Based on Hardware Type, the market is segmented into Network Performance Monitoring Platforms, Network Terminal Access Points (TAPs), Network Access Control (NAC) Appliances and Network Packet Brokers (NPBs) Appliances. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Network Performance Monitoring Market is Projected to reach USD 3.2 Billion by 2028, at a CAGR of 6.9%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Broadcom, Inc., Microsoft Corporation, Cisco Systems, Inc., Juniper Networks, Inc., Keysight Technologies, Inc., SolarWinds Worldwide, LLC, LogicMonitor, Inc., Paessler AG, Profitap HQ B.V., and Nagios Enterprises, LLC.
By End User
By Enterprise Size
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