Network Performance Monitoring Market 2022
As per the findings of a revised market research report by Persistence Market Research, the global network performance monitoring market reached a valuation of close to US$ 2.4 Bn in 2020, and is anticipated to exhibit a CAGR of close to 12% over the next ten years.
Adoption of advanced technologies such as artificial intelligence (AI) and predictive analytics and machine learning (ML) network performance monitoring solutions/tools are expected to propel market growth over the coming years.
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Network performance monitoring is a process of managing a network for fault and performance using various tools and technologies as per business requirements. Thus, adoption of business operations through network management tools owing to reliable and affordable network management solutions to many organizations is propelling market expansion. Also, underlying opportunities in small- and medium-sized enterprises are expected for network performance monitoring solutions.
Key Players:
The report has profiled some of the Important players prevalent in the global like – SolarWinds Worldwide, LLC, Niagara Networks, Ixia ( Keysight), Profitap HQ B.V., Cisco Systems, Inc., Juniper Networks, Microsoft Corporation, Paessler AG, Nagios Enterprises, LLC, ManageEngine (Zoho Corp), LogicMonitor, Inc., Cubro Network Visibility, Xena Networks, Gigamon, NETSCOUT Systems, Inc and more.
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Key Takeaways from Market Study
- Professional services hold a market share of over 60%; however, demand for managed network services will witness a CAGR of 18.2%.
- Services are expected to register high growth throughout the forecast period, expanding at a CAGR of 15.5% through 2031.
- Germany holds 32% share of the Europe market, driven by high investments in advanced technologies and stringent government rules on end user verticals.
- The U.S. is a high potential market in North America, and is expected to account for more than 78% of the regional market by 2031, supported by rising investments in small/medium-scale enterprises and large enterprises.
- China dominates East Asia, and accounts for over 60% value share on the back of a vast consumer base.
“Increasing reliance of SMEs and large enterprises on network performance monitoring platforms to reduce network complexity and minimize security threats is expected to drive market growth,” says a Persistence Market Research analyst.
Region Coverage (Regional Production, Demand & Forecast by Countries etc.):
North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
Asia-Pacific (China, India, Japan, Southeast Asia etc.)
South America (Brazil, Argentina etc.)
Middle East & Africa (Saudi Arabia, South Africa etc.)
Key Stakeholders
Network Performance Monitoring Market Manufacturers
Network Performance Monitoring Market Distributors/Traders/Wholesalers
Network Performance Monitoring Market Subcomponent Manufacturers
Industry Association
Downstream Vendors
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Key Questions Answered in This Report.
- What will the Market growth rate in Future?
- What are the key factors driving the global Market?
- Who are the key manufacturers in Market space?
- What are the opportunities and threats faced by the vendors in the global industry?
- What are sales, revenue, and price analysis by regions of industry?
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