One of the biggest challenges in front of businesses is to secure their network infrastructure from rising cyber-attacks. Cyber threats cause various performance-related issues in networks. Network performance monitoring tools are primarily designed for analyzing network performance.
However, these tools also offer built-in features to help keep track of network security. Network performance monitoring tools help combat potential threats and various security risks. For instance, one of the most common cyber-attacks is the DDoS attack that businesses have to deal with.
A DDoS attack floods the network with fabricated information in an attempt to overload the system and crash it. Network performance monitoring tools come equipped with the capability to monitor the network bandwidth at any given time, and also alert the company when high spikes in network traffic occur. Thus, small- and mid-sized businesses are continuously adopting these tools to combat security threats, thereby expanding the network performance monitoring market size.
Find Out More about the Report Coverage
- SolarWinds Worldwide, LLC
- Niagara Networks
- Ixia ( Keysight)
- Profitap HQ B.V.
- Cisco Systems, Inc.
- Juniper Networks
- Microsoft Corporation
- Paessler AG
- Nagios Enterprises, LLC
- ManageEngine (Zoho Corp)
- LogicMonitor, Inc.
- Cubro Network Visibility
- Xena Networks
- NETSCOUT Systems, Inc.
Network Performance Monitoring Market Trends
Need for Robust Network Monitoring & Uninterrupted Network Services: Networks are the backbone of every industry. Businesses rely on networks, whether they're on-site or remote. Ensuring continuous availability with good health is crucial for uninterrupted business operations.
Loss of productivity during a network outage can result in huge losses for every size of organization. Network performance monitoring tools help businesses anticipate potential outages and address any issue proactively. These tools help businesses monitor the performance of any IP-based device by remotely visualizing the system performance and monitor network services, bandwidth utilization, switches, routers, and traffic flow, and solve network issues proactively and prevent any network outage.
Thus, to offer uninterrupted network services to customers, ISPs are continuously adopting these monitoring tools, which bodes well for the growth of the network performance monitoring market in the future.
Rising Adoption of IoT Technology to Support Market Growth: With rapid advancements in technologies, the adoption of smartphones, IoT, and connected devices is increasing. Governments are undertaking smart city projects, which, in turn, is increasing the adoption of IoT devices.
Various IoT-connected devices such as sensors and IP-cameras add traffic to city networks. Network performance monitoring tools allow IT operation and network managers to understand the performance of applications and network & infrastructure components remotely.
These tools give city network managers a clear picture of network traffic flow, which helps them determine any anomalous activity within the network. Network performance monitoring tools not only monitor network components but also identify performance optimization opportunities.
This is conducted via diagnostics, analytics, and debugging capabilities, to complement the additional monitoring of complex IT environments.
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?Regional Outlook of Network Performance Monitoring Market
In terms of value, North America led the global network performance monitoring market share in 2019, with the presence of a number of key players in the region. Developing regions such as South Asia & Pacific are expected to record the highest growth rates over the forecast period, owing to increasing adoption of network performance monitoring tools among ISPs and telecom service providers.
Rising security concerns and growing enterprise networks are key factors that are predicted to ensure the development of the network performance monitoring market in this region in the coming few years.
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?Impact of COVID- 19 Outbreak on Network Performance Monitoring Market
The COVID-19 pandemic has compelled many organizations to adopt new practices such as remote working. The world is focused on both, the economic and health threats brought about by the COVID-19 outbreak. There has been significant increase in network traffic as a result various lockdown measures.
During the pandemic, most businesses are relying on data connectivity. Internet connectivity is essential to continue business as usual, until the world of business returns to a new normal.
Hence, most ISPs are deploying network monitoring tools to provide reliable and uninterrupted Internet connectivity. According to this PMR study, the demand for network performance monitoring will increase in 2020 by 8% - 10% from organizations.
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A comprehensive view of the network performance monitoring market has led our analysts to conclude that, the market is growing at a significant rate. Regions such as North America and Europe hold a large part of the global network performance monitoring market share. Alliances with other tech providers along with regional expansion are some strategies being opted by key players to fuel their sales growth.
Network Performance Monitoring Market: Segmentation
PMR’s research study on the global network performance monitoring market offers a detailed market taxonomy, wherein, key segments have been discussed in detail. The segmentation of the network performance monitoring market has been offered on the basis of component, enterprise size, end user, and region. Every segment has been analyzed in detail, and data pertaining to the growth of each segment has been included in the study.
Network Performance Monitoring Market: Key Questions Answered in the Report
The research study on the network performance monitoring market offers inclusive insights about the growth of the market in the most comprehensible manner for the better understanding of users. Insights offered in the network performance monitoring report answer some of the most salient questions that assist stakeholders in gauging all the emerging possibilities.
- How has the rapidly changing business environment turned into a major growth engine for the network performance monitoring market?
- What are the underlying macroeconomic factors impacting the growth of the network performance monitoring market?
- What are the key trends that are constantly shaping the growth of the network performance monitoring market?
- Which are the prominent regions offering plentiful opportunities for the network performance monitoring market?
- What are the key differential strategies adopted by key players to command a significant chunk of the global market share?
- How is the COVID-19 pandemic impacting the global network performance monitoring market?