The Network Monitoring Global Market Report 2023, provides comprehensive information on the network monitoring market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Network Monitoring Global Market Report 2023, the global network monitoring market size is expected to grow from $2.46 billion in 2022 to $2.68 billion in 2023 at a compound annual growth rate (CAGR) of 8.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global network monitoring market size is expected to grow to $3.77 billion in 2027 at a CAGR of 8.9%.
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Technological advancements have emerged as a key trend gaining popularity in the network monitoring market going forward. Major companies operating in the network monitoring market are focused on developing new technological solutions to strengthen their position in the market. For instance, in July 2021, Netscout, a US-based provider of cybersecurity, service assurance, and business analytics solutions, launched nGeniusONE, a smart edge network monitoring platform for end-user insights. With complete visibility into infrastructure, dependencies, and applications, nGeniusONE provides a platform for monitoring and service assurance. Network traffic data may be continuously monitored and analyzed with the help of the instrument, which makes use of adaptive service intelligence technology. The new approach blends artificial transaction testing with smart data analytics to provide end-user support and visibility. Any network or application, regardless of the user’s location, can receive this information from Netscout.
The network monitoring market is segmented:
1) By Offering: Equipment, Network TAPs, Data Monitoring Switches, Solutions and Services
2) By Bandwidth: 1 and 10 Gbps, 40 Gbps, 100 Gbps
3) By Enterprise Size: Large Enterprise, SMEs
4) By Applications: IT and Telecom, BFSI, Healthcare, Energy and Utilities, Government, Retail, Industrial, Other Applications
North America was the largest region in the network monitoring market in 2022.
The table of contents in TBRC’s network monitoring market report includes:
1. Executive Summary
2. Network Monitoring Market Characteristics
3. Network Monitoring Market Trends And Strategies
4. Network Monitoring Market – Macro Economic Scenario
5. Network Monitoring Market Size And Growth
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26. Africa Network Monitoring Market
27. Network Monitoring Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Network Monitoring Market
29. Network Monitoring Market Future Outlook and Potential Analysis
30. Appendix
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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