The Latin America, Middle East and Africa Network Performance Monitoring Market would witness market growth of 9.5% CAGR during the forecast period (2022-2028).
Network outages can be quite expensive, and it further increases the necessity for real-time network performance monitoring. With the help of NPM tools, users can keep an eye on devices' traffic, performance, and availability in order to monitor network issues proactively and stop issues from taking down the network.
In addition, proactive performance monitoring provides certain benefits, like giving network managers access to end-user perceptions of application and network performance, which makes it easier for them to find and fix problems. These tools can produce reports and alert users to any issues. These tools can produce reports and alert users to any issues.
This should make it possible for network managers to address issues before they turn into bigger problems. Businesses with strict dependability criteria have driven the demand for network performance monitors. As network design becomes more complex and delivery of applications becomes more time-sensitive, a network performance monitor is gaining high favorability. Scalability, usability, and capabilities must all be included in modern network monitoring tools.
The UAE is one of the largest hubs for data centers in the Middle East, and more are anticipated. The International Trade Administration projects that by 2026, further investments might total up to $1 billion. Additionally, in 2019, Microsoft opened two cloud zones in Dubai and Abu Dhabi. In 2021, Amazon Web Services announced plans to establish a new data center region across the UAE. It is planned for execution in the first half of 2022 for a different region, which would include three availability zones to open. Due to the UAE government's massive investments in technologies like cloud computing, the nation's competitive business laws, and its advanced technological infrastructure, the sector is predicted to expand in the upcoming years. These elements are assisting the market's expansion in the region.
The Brazil market dominated the LAMEA Network Performance Monitoring Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $67.5 million by 2028.The Argentina market is experiencing a CAGR of 10% during (2022 - 2028). Additionally, The UAE market would display a CAGR of 9.2% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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
By Component
By Country
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