Network Performance Monitoring Market

Network Performance Monitoring Market Study by Telecom Service Providers, Cloud Service Providers, Managed Service Providers, Network Service Providers, Governments, and Enterprises from 2024 to 2034

Analysis of Network Performance Monitoring Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more

Network Performance Monitoring Market Overview (2024 to 2034)

The global network performance monitoring market is estimated to be worth US$ 1,625.5 million in 2024 and is forecast to reach a value of US$ 5,632.1 million by 2034, with a projected CAGR of 13.2% from 2024 to 2034.

The demand for real-time insights into network performance, traffic, and uptime is increasing, which is fueling the market for network performance monitoring solutions. Organizations are increasingly opting for these solutions to identify and diagnose network issues quickly, which helps to prevent downtime and system failures.

Additionally, organizations are utilizing these solutions to identify areas where they can improve network security by identifying potential security threats and vulnerabilities, stimulating market growth. With the increasing complexity of modern networks, these solutions are becoming increasingly important for organizations of all sizes and in all industries.

Key Market Growth Drivers

The growing requirement for security and network performance by enterprises is projected to fuel market expansion. The market is expected to gain an advantage from the rising demand for digital transformation across all industries worldwide.

Report Attributes Details
Estimated Market Value (2024E) US$ 1,625.5 million
Forecasted Market Value (2034F) US$ 5,632.1 million
Global Market Growth Rate (2024 to 2034) 13.2% CAGR
Large Retailers Segment Growth Rate (2024 to 2034) 14.5% CAGR
North America Market Share (2024) 27.5%
East Asia Market Share (2024) 36.5%
Key Companies Profiled
  • 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.

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Which Aspects are Contributing to the Surge in Global Demand for Network Performance Monitoring?

“Rising Need for Security and Network Performance by Organizations”

The network performance monitoring market share is expected to grow as organizations focus on improving their network performance and security. With the increasing complexity and diversity of modern networks, it has become paramount to have real-time visibility into network performance, traffic, and uptime. This visibility allows organizations to identify and quickly resolve issues that could otherwise impact their business operations or customer experience.

Additionally, network performance monitoring tools can help organizations proactively identify potential issues before they become critical problems. As a result, the NPM market is projected to continue to grow as organizations prioritize network visibility as a key component of their IT infrastructure.

“Increasing Trend of Digital Transformation Across Industries”

The network monitoring market is expected to grow significantly over the coming years, driven by the increasing demand for digital transformation across various industries. With more and more businesses adopting digital technologies, the need for reliable and efficient network monitoring solutions has become crucial.

Online commerce for retail goods and services is also on the rise, driving the need for network monitoring solutions that can handle high volumes of online transactions and provide real-time insights into network performance. Additionally, e-government initiatives are gaining traction worldwide, creating a need for secure and reliable network monitoring tools to ensure the smooth functioning of government systems and services.

Which Factors are Restraining the Demand for Network Performance Monitoring?

“Increasing Complexity of Networks to Hinder Market Growth”

The increasing complexity of networks is expected to pose significant challenges to the network performance monitoring market growth over the forecast period. As networks become more complex and distributed, monitoring and managing performance becomes more difficult. This is particularly true in the case of large-scale enterprise networks that span multiple locations and involve a variety of different devices and applications.

Furthermore, the proliferation of cloud-based services and the increasing use of virtualization technologies further add to the complexity of modern networks. As a result, it can be challenging for IT teams to accurately monitor and diagnose network performance issues, which can lead to downtime, slow performance, and other problems.

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Country-wise Insights

The network performance monitoring market finds a significant share of its customer base in North America and East Asia, in line with rising regional sales. North America will represent 27.5% of the global market in 2024. The market in the region is estimated to grow at a CAGR of 13.7% from 2024 to 2034, with a market share of 28.8% by 2034.

East Asia is the other region with a significant share of the market. East Asia's share is expected to be 36.5% in 2024. East Asia's market is estimated to grow at a 13.8% CAGR during the forecast period, with the region holding 38.4% of the market by 2034.

What is Fueling Growth in the United States Network Performance Monitoring Market?

“Increase in Number of Network Monitoring Solution Providers”

Attribute Details
CAGR (2024 to 2034) 13.9%

The value of the network performance monitoring market in the United States is estimated to be US$ 322.7 million in 2024 and is projected to register a CAGR of 13.9%, reaching a value of US$ 1,189.0 million by 2034.

The network performance monitoring market in the United States is expected to witness significant growth in the coming years owing to various factors. One of the major factors driving the market growth is the rise in the number of network monitoring solution providers. These vendors continuously innovate and launch new products and services to meet the growing demand for network performance monitoring solutions.

Increasing investment in developing advanced IT infrastructure across different industries in the United States is further expected to boost the network performance monitoring market. Organizations are increasingly adopting advanced technologies such as cloud computing, IoT, and big data analytics, which require robust network infrastructure to function efficiently. This, in turn, is driving the demand for network performance monitoring solutions.

Why is China Emerging as a Significant Market for Network Performance Monitoring Providers?

“Growing Adoption of Cloud Computing Services and Increasing Number of Data Centers in China”

Attribute Details
CAGR (2024 to 2034) 14.0%

The increasing adoption of cloud computing services and the growing number of data centers are further expected to fuel the demand for network performance monitoring solutions in China. These tools help to ensure that networks are running efficiently and effectively, enabling businesses to deliver high-quality services to their customers.

As China continues to invest heavily in its infrastructure and expand its digital footprint, the demand for network performance monitoring solutions is likely to witness significant growth. The rise of 5G networks, the Internet of Things (IoT), and other advanced technologies is expected to lead to a surge in data traffic, creating a need for more sophisticated monitoring tools.

The network performance monitoring market in China is poised for significant growth in the coming years as the country continues to make progress in digital transformation.

Category-wise Insights

Based on enterprise size, network performance monitoring for the large retailers segment is expected to account for 76.3% of the market share in 2024.

Why do Large Retailers Dominate the Network Performance Monitoring Market?

“Network Monitoring by Large Retailers for Smooth Operations and Customer Satisfaction”

Attribute Details
Market Share in 2024 76.3%

Network performance monitoring for the large retailers segment is expected to contribute 76.3% of the market share in 2024, based on the enterprise size. The CAGR for the large retailers segment is expected to be 14.5% during the forecast period.

The segment’s growth is attributed to large retailers' complex networks, which require constant monitoring to ensure smooth operations and customer satisfaction. Furthermore, with the increasing popularity of online shopping, retailers are investing heavily in their digital infrastructure to provide a seamless shopping experience for their customers.

This has led to a significant demand for network performance monitoring solutions in the retail industry. Other segments, such as telecommunications, IT, and healthcare, also contribute to the growth of the network performance monitoring market, but the large retailers segment continues to be the dominant force.

Know thy Competitors

Competitive landscape highlights only certain players
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Competitive Landscape

Market players are offering a range of solutions, from basic network monitoring tools to advanced analytics and reporting features, as the demand for network performance monitoring is expected to rise during the forecast period. Some of the prominent companies in the market are SolarWinds Worldwide, LLC, Cisco Systems, Inc., Juniper Networks, Microsoft Corporation, Paessler AG, Nagios Enterprises, LLC, and ManageEngine.

Recent Developments

  • In 2022, Viavi Solutions announced that XL Axiata, an Indonesian integrated network provider, will leverage the VIAVI ONMSi optical network management system to improve visibility in its fiber network. The intelligent remote test and monitoring features of the ONMSi system enable the operator to provide peak performance, reduce downtime, and maximize subscriber experience.
  • In 2021, Gigamon collaborated with Riverbed, a network, application performance, and visibility leader, to support the recent Gigamon Hawk launch. Riverbed's leading network performance management (NPM) solutions, which provide unified packet, flow, and device visibility across branch offices, hybrid, multi-cloud environments, and data centers, were made available to their mutual customers as a result of this collaboration, allowing them to optimize network and application troubleshooting.

Segmentation of Network Performance Monitoring Market Research

  • By Enterprise Size:

    • Small & Mid-sized Retailers
    • Large Retailers
  • By End User:

    • Telecom Service Providers
    • Cloud Service Providers
    • Managed Service Providers
    • Network Service Providers
    • Governments
    • Enterprises
  • By Region:

    • North America
    • Europe
    • Latin America
    • East Asia
    • South Asia & Oceania
    • Middle East & Africa

- FAQs -

Which is the Leading Enterprise Size Segment in the Network Performance Monitoring Market?

The large retailers segment is leading the network performance monitoring market by enterprise size, with an expected market share of 76.3% in 2024.

What is the Market Outlook for Network Performance Monitoring?

The network performance monitoring market is likely to be valued at US$ 1,625.5 million in 2024.

What is the Market Forecast for Network performance monitoring by 2034?

The demand for network performance monitoring is projected to reach US$ 5,632.1 million by the end of 2034.

What is the Growth Projection for the Network Performance Monitoring Market?

The adoption of network performance monitoring solutions is projected to rise at a CAGR of 13.2% through 2034.

At What CAGR is the East Asia Market Expected to Grow?

The East Asia market is forecasted to expand at a CAGR of 13.8% through 2034.

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Network Performance Monitoring Market

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