According to a new report, published by KBV research, The Global Network Monitoring Market size is expected to reach $3.2 billion by 2028, rising at a market growth of 6.5% CAGR during the forecast period.
The 40 Gbps segment is showcasing a CAGR of 6.7% during (2022 - 2028). Data centers and key network deployments are adopting monitoring devices with 40 Gbps bandwidth. The demand for more bandwidth is being driven by the burgeoning data center sector, the use of servers, and virtualization technology. These network monitoring devices are well-designed and offer affordable switching options.
The Enterprises segment acquired maximum revenue share in the Global Network Monitoring Market by End User in 2021 thereby, achieving a market value of $1.1 billion by 2028. The surging growth of the segment is attribute to the rising use of network monitoring tools and solutions in a significant number of enterprises all over the world. Network monitoring makes it possible to prevent network issues before they arise. Such solutions lessen downtime, assist companies in retaining clients, and raise staff output.
The Ethernet segment has shown the growth rate of 6.1 % during (2022 - 2028). The demand for network monitoring equipment with larger bandwidths is increased by the growth of data centers and the increased use of virtualization technology. Ethernet-based networks offer more scalable, low-latency, and agile solutions. With Ethernet technology, transitioning from low bandwidth into high bandwidth is not only feasible but also disruption-free.
The Software & Services segment is leading the Global Network Monitoring Market by Offerings in 2021, thereby, achieving a market value of $2 Billion by 2028. Traditional network management is likely to be redefined by cross-domain management operations, the Software as a Service (SaaS)-based network management industry, and performance service levels in cloud monitoring. In addition, it is anticipated that expanding virtualization adoption, convergent technologies, and network complexity would alter network management tools, technologies, and practices.
The North America market dominated the Global Network Monitoring Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1.1 billion by 2028. The Europe market is exhibiting a CAGR of 6.1% during (2022 - 2028). Additionally, The Asia Pacific market would showcase a CAGR of 7% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/network-monitoring-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Cisco Systems, Inc., SolarWinds Corporation, Juniper Networks, Inc., Arista Networks, Inc., NetScout Systems, Inc., Broadcom, Inc., Netgear, Inc., Keysight Technologies, Inc., Viavi Solutions, Inc., and Accedian Networks, Inc.
By Vertical
By Component
By Deployment Type
By Organization Size
By Enforcement Point
By Geography
Companies Profiled
Unique Offerings 
