The Global Network Performance Monitoring Market is Predict to reach $3.2 Billion by 2028, at a CAGR of 6.9%
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Network Performance Monitoring Market Growth, Trends and Report Highlights
According to a new report, published by KBV research, The Global Network Performance Monitoring Market size is expected to reach $3.2 billion by 2028, rising at a market growth of 6.9% CAGR during the forecast period.
The Cloud Service Providers segment is showcasing a CAGR of 7.1% during (2022 - 2028). Reviewing, inspecting, and managing the business workflow of a cloud-based IT network is done through cloud NPM monitoring tools. Automated or manual management procedures confirm the performance and availability of websites, applications, servers, and other cloud infrastructure. Since more people are aware of the potential and advantages of the cloud, it has grown significantly during the past ten years, which also help in bolstering the growth of the segment.
The Large Enterprises segment acquired maximum revenue share in the Global Network Performance Monitoring Market by Enterprise Size in 2021 thereby, achieving a market value of $2.2 billion by 2028. The demand for network performance monitoring tools, which help IT teams manage and monitor network performance, identify possible threats, and mitigate risks that impact business productivity for large enterprises, is driving the expansion segment's growth.
The Service segment has shown the growth rate of 8.6% during (2022 - 2028). Cross-domain management activities, the software as a service (SaaS)-based network management sector, and performance service levels in cloud monitoring are likely to change traditional network administration. In addition, a change in network management tools, technologies, and processes is also projected as a result of growing virtualization use, convergent technologies, and network complexity. These elements would accelerate the segment's expansion.
The North America market dominated the Global Network Performance 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 6.5% during (2022 - 2028). Additionally, The Asia Pacific market would showcase a CAGR of 7.7% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/network-performance-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 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.
Global Network Performance Monitoring Market Segmentation
By End User
- IT & Telecom Service Providers
- Cloud Service Providers
- Governments & Public Sector Units
- Others
By Enterprise Size
- Large Enterprises
- Small & Medium Sized Enterprises
By Component
- Hardware
- Network Performance Monitoring Platforms
- Network Terminal Access Points (TAPs)
- Network Access Control (NAC) Appliances
- Network Packet Brokers (NPBs) Appliances
- Service
By Geography
- North America
- US
- Canada
- Mexico
- Rest of North America
- Europe
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
- LAMEA
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Companies Profiled
- Broadcom, Inc.
- Microsoft Corporation
- Cisco Systems, Inc.
- Juniper Networks, Inc.
- Keysight Technologies, Inc.
- SolarWinds Worldwide, LLC
- LogicMonitor, Inc.
- Paessler AG
- Profitap HQ B.V.
- Nagios Enterprises, LLC
Related Reports:
North America Network Performance Monitoring Market Size, 2028
- January-2023
- 100 Pages
LAMEA Network Performance Monitoring Market Size to 2028
- January-2023
- 114 Pages
Europe Network Performance Monitoring Market Size to 2028
- January-2023
- 114 Pages
Asia Pacific Network Performance Monitoring Market Size, 2028
- January-2023
- 116 Pages