Rising Complexities of Networks Worldwide and Need for Real-time Insights to Create Lucrative Growth Opportunities in Market: Fact.MR Report

The global network performance monitoring market is estimated to be worth US$ 1,625.5 million in 2024. The market is projected to grow rapidly at a 13.2% compound annual growth rate (CAGR) through 2034. By 2034, the market is expected to be worth more than US$ 5,632.1 million.

As companies strive to enhance network performance and security, the network performance monitoring market is expected to expand. With the rising complexity and diversity of modern networks, real-time visibility over network performance, traffic, and availability become critical. This insight enables firms to identify and fix issues that would otherwise impact their business operations or customer experience.

The network monitoring market is predicted to grow rapidly in the coming years, owing to the rising need for digital transformation across several industries. As more companies use digital technologies, the demand for dependable and effective network monitoring solutions has grown. Monitoring and controlling network performance gets increasingly difficult as networks become more complex and distributed.

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“Organizations can employ network performance monitoring tools to optimize network performance, avoid downtime, and increase network security. These solutions are becoming increasingly relevant for enterprises and industries of all sizes as modern networks become more sophisticated," says a Fact.MR analyst.

Key Takeaways from the Market Study:

• The global network performance monitoring market is projected to expand at a CAGR of 13.2% from 2024 to 2034.
• The North American network performance monitoring market is expected to grow at a CAGR of 13.7% from 2024 to 2034.
• The market is expected to register a CAGR of 13.9% in the United States over the forecast period.
• The network performance monitoring market industry in China is expected to rise at a CAGR of 14.0% through 2034.
• Based on the enterprise size, the network performance monitoring for the large retailer’s segment leads the market, with an expected market share of 76.3% in 2024.

Leading Players Driving Innovation in the Network Performance Monitoring Market:

Key industry participants like SolarWinds Worldwide, LLC; Cisco Systems, Inc.; Juniper Networks; Microsoft Corporation; Paessler AG; Nagios Enterprises, LLC; ManageEngine; LogicMonitor, Inc.; Cubro Network Visibility; Xena Networks; Gigamon; NETSCOUT Systems, Inc; Niagara Networks; Ixia (Keysight); Profitap HQ B.V. etc. are driving the network performance monitoring industry.

Competitive Analysis:

Companies have been focusing on developing new solutions, expanding their product portfolios, and collaborating with other players to gain a competitive advantage in the market. Moreover, companies are also emphasizing strategic partnerships, mergers, and acquisitions to strengthen their position in the market. Overall, the network performance monitoring market is expected to remain highly competitive in the coming years, with new players expected to enter the market and existing players expected to continue expanding their offerings.

Recent Developments

• 2022: Viavi Solutions announced that XL Axiata, an Indonesian network provider, will utilize the VIAVI ONMSi optical network management system to enhance fiber network visibility. The system’s intelligent remote testing and monitoring capabilities help optimize performance, minimize downtime, and improve subscriber experience.
• 2021: Gigamon partnered with Riverbed, a leader in network and application performance, to support the launch of Gigamon Hawk. This collaboration integrated Riverbed’s network performance management (NPM) solutions, offering unified packet, flow, and device visibility across branch offices, hybrid, multi-cloud environments, and data centers.

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More Valuable Insights:

Fact.MR, in its new offering, presents an unbiased analysis of the global network performance monitoring market, presenting historical demand data and forecast statistics for the period 2024 to 2034.

The network performance monitoring market is segmented based on enterprise size, end user, and region. By enterprise size, the market includes small & mid-sized retailers and large retailers. Key end users comprise telecom service providers, cloud service providers, managed service providers, network service providers, governments, and enterprises. Geographically, the market spans North America, Europe, Latin America, East Asia, South Asia & Oceania, and the Middle East & Africa. This segmentation highlights the diverse adoption of network performance monitoring solutions across various industries and regions, ensuring efficient network operations and optimal performance.

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