Industry Background:
The global network traffic monitoring market is expected to witness high demand due to the increasing demand for networking across the globe. Network monitoring is the employment of an observing system that monitors the computer networks for failure and theft of data is being carried out and gives a notification to the administrator of the network for the same. These monitoring systems observe large amounts of data constantly and filter through for any anomalies if present.
Attributes | Details |
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Study Period | 201-2030 |
Base Year | 2023 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
Key Companies Profiled | Gigamon (United States), NETSCOUT (United States), Ixia (United States), VIAVI Solutions Inc. (United States), Garland Technology (United States), Broadcom (United States), Juniper Networks Inc. (United States), Big Switch Networks Inc.(United States) and Zenoss Inc. (United States) |
According to AMA, the market for Network Traffic Monitoring is expected to register a CAGR of 10.6% during the forecast period to 2030. This growth is primarily driven by Major Industries Employ Network Monitoring Services to Regulate their Traffic and Follow the Regulations Set Forth by the Authorities.
Globally, a noticeable market trend is evident The Increase in demand for Constant Monitoring of Networks due to Increasing Security Concerns about the Data
The Internet Software & Services sector in the North America region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Gigamon (United States), NETSCOUT (United States), Ixia (United States), VIAVI Solutions Inc. (United States), Garland Technology (United States), Broadcom (United States), Juniper Networks Inc. (United States), Big Switch Networks Inc.(United States) and Zenoss Inc. (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. The global network monitoring market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of Network Monitoring Market for global, Europe, North America, Asia Pacific and South America.
Key Developments in the Market:
In January 2023, Auxis, a leading management consulting and nearshore outsourcing firm, is pleased to announce the addition of LogicMonitor’s next-gen solution, LM Envision, to its IT managed services portfolio. As a provider of the leading cloud-based observability platform on the market, LogicMonitor delivers a unified, real-time, intelligent view into all the traffic in a network – supercharging Auxis’ already-stellar ability to keep pace with the speed, flexibility, and scalability of today’s hybrid IT environments and ensure high performance and availability for mission-critical systems and services.
In February 2023, Tech Mahindra, a leading provider of digital transformation, consulting and business re-engineering services and solutions, today announced the launch of SANDSTORM, a groundbreaking remote real-time network monitoring and smart device assurance service for telcos and enterprises. SANDSTORM is a cutting-edge solution that allows service providers to remotely measure customer experiences on any device, from smartphones, tablets, VR headsets, smart TVs, to connected cars.
Influencing Trend:
The Increase in demand for Constant Monitoring of Networks due to Increasing Security Concerns about the Data and Growth in Adoption of Cloud and IoT
Market Growth Drivers:
Major Industries Employ Network Monitoring Services to Regulate their Traffic and Follow the Regulations Set Forth by the Authorities
Challenges:
Efficiency of work is affected due to the massive handling of network monitoring which acts as a major restraint for the market growth
Restraints:
The Market is Majorly Restrained due to the Availability of Free-to-Use Network Monitoring Tools
Opportunities:
Technological Advancements in Communication and Network Infrastructures and Increase in Cyber Threats and Targeted Attacks
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Network Traffic Monitoring Market
- Analysis about New Entrants in Network Traffic Monitoring Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Network Traffic Monitoring Study Sheds Light on
The Network Traffic Monitoring Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Network Traffic Monitoring industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Network Traffic Monitoring industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.