Network Monitoring Market Analysis

Network Monitoring Market Analysis

The network monitoring equipment industry is expected to grow at 15% rate through 2032. The booming demand for network performance monitoring and infrastructure management is slated to be a primary factor influencing business growth. Furthermore, enterprises around the world are increasingly using monitoring equipment to quickly identify and resolve bandwidth issues that are likely to amplify product demand.

The network TAP component type in network monitoring market is poised to observe 15% growth between 2023 and 2032. The network Test Access Point (TAP) is essential for monitoring traffic exchanged in specific data transfers. A growing number of companies are integrating network TAPs between multiple endpoints instead of direct connections to ensure visibility across the overall network infrastructure, which is a major factor contributing to segment progress.

The large enterprises type valued at over USD 2 billion in 2022. The growth is propelled by the surging significance of these enterprises in catering to the requirement for network performance monitoring systems, which assist IT teams in managing and monitoring network performance, identifying potential threats and mitigating risks that affect business productivity.

The 1 & 10 Gbps network monitoring market captured 50% share in 2022 and is slated to observe substantial growth through 2032. The 1 & 10 Gbps network speed range is considered ideal for supporting high-speed communication and optimizing business processes. Companies are enhancing their network capacity due to growing traffic and complexities, resulting in network stress and poor service quality, which is expected to influence industry demand.

The industrial application segment crossed USD 400 million in 2022 and is set to witness substantial growth from 2023 to 2032. The increasing adoption of IIoT, AI, and ML devices in the manufacturing sector is projected to bolster industry expansion. These devices automate manufacturing processes and provide real-time data pertaining to the control system. Furthermore, companies are integrating these devices with operational technology to optimize productivity and realize predefined business output.
 

The APAC network monitoring market size is poised to attain 15% gains through 2032. This is attributed to the extensive advancement of modern technologies in the region, which allows enterprises to implement new technologies. In addition, the prevalent acceptance of IoT for industrial applications in countries, such as China, Japan, and India, is expected to support regional industry outlook.