Network Performance Monitoring Market by Component (Hardware, Network Performance Monitoring Platforms and Services)
Industry: IT and Telecommunication
Published Date: December-2022
Format: PPT*, PDF, EXCEL
Delivery Timelines: Contact Sales
Number of Pages: 393
Report ID: PMRREP17866
The Market for Network Performance Monitoring was valued at US$ 1,456.1 Million in 2022, and by the end of 2033, it is expected to have grown to US$ 5,468.9 Million. The market for network performance monitoring is estimated to value at US$ 1,620.6 Million in 2023. The market for network performance monitoring is predicted to grow at a CAGR of 12.9% from 2023 to 2033.
The network performance monitoring market is a market segment that provides tools for monitoring, analyzing, and optimizing the performance of IT networks. It helps organizations measure the performance of their networks, identify areas of improvement, and prioritize resources to meet their performance goals. Network performance monitoring solutions also provide insights to help organizations diagnose, troubleshoot, and resolve network issues quickly.
The need for network visibility is driving the growth of the network performance monitoring (NPM) market. Organizations are increasingly becoming aware of the need for better network visibility to ensure optimal performance and reliability of their networks.
The need for regulatory compliance is also driving the growth of the NPM market. Businesses are increasingly required to adhere to a variety of regulations, such as HIPAA, PCI, and SOX. NPM solutions can help organizations comply with these regulations by providing detailed visibility into their network performance.
North America held the largest market share of 25.5% of the global network performance monitoring market and Europe region held 21.1% of the market in 2022.
| Attributes | Key Insights |
|---|---|
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Network Performance Monitoring Market Size (2023) |
US$ 1,620.6 Million |
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Projected Market Value (2033) |
US$ 5,468.9 Million |
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Global Market Growth Rate (2023 to 2033) |
12.9% |
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Network Performance Monitoring Hardware Segment Market Share (2022) |
57.3% |
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India Market Growth Rate (2022) |
13.4% |
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Network Performance Monitoring for Large Retailers Segment Market Share (2022) |
59.2% |
“High Cost of Network Performance Monitoring Systems Restraining the Growth of the Market”
The high cost of network performance monitoring systems is one of the primary factors that is restraining the growth of the network performance monitoring market. This is because the cost of the necessary hardware, software, and support services needed to effectively monitor a network can be high. Additionally, the cost of training personnel to use the system can also be prohibitive for some organizations.
North America holds the highest market share in the network performance monitoring market due to the presence of a large number of companies offering network performance monitoring solutions and services in the region. North America also has a strong telecom industry, which is a major user of network performance monitoring solutions. Additionally, the region also has a high adoption rate of advanced technologies, such as cloud-based solutions, which is driving the growth of the network performance monitoring market in North America.
Due to these factors, the North American region is analyzed to dominate the global network performance monitoring market with a share of 25.5% in 2022.
The adoption of NPM solutions is increasing in Germany due to the need for better network performance management. As the German economy is highly dependent on digital infrastructure, businesses are looking for solutions to monitor and optimize their networks. This is driving the adoption of NPM solutions in the country. Furthermore, with the increasing use of cloud-based applications, businesses are also looking for solutions to monitor and optimize their cloud networks.
This is also driving the adoption of NPM solutions in the country. Additionally, the rising focus on data security is also driving the adoption of NPM solutions in Germany. As NPM solutions provide detailed visibility into network performance, businesses are able to identify and address any network security issues quickly. This helps to protect their digital assets from cyber threats.
Due to these factors, the network performance monitoring market is estimated to grow at a CAGR of 12.4% over the forecast period in Germany.
India is one of the fastest-growing markets for network performance monitoring. With increased investment in digital infrastructure, the country has become a hub for various technological advancements. This has created a huge opportunity for network performance monitoring vendors to tap into the Indian market.
The Indian government has been actively working towards creating a digital India. This has resulted in a massive increase in the number of connected devices and users. This has led to the rise of various new applications and services which require reliable and high-speed networks. This has opened up a huge potential for network performance monitoring vendors to provide solutions to monitor and manage these networks. Also, the digital push in India has created a large number of start-ups and businesses operating in digital spaces.
These businesses require effective network performance monitoring solutions to ensure the smooth functioning of their operations. This has opened up a huge potential for network performance monitoring vendors to provide solutions to these companies. Further, India is home to a large number of data centers and cloud service providers. These companies require reliable and secure network performance monitoring solutions to ensure their operations are running smoothly. This has created a great opportunity for network performance monitoring vendors to provide solutions to these companies.
How Hardware segment is creating Growth Opportunities for Network Performance Monitoring Market?
The hardware segment creates growth opportunities for the network performance monitoring market by providing reliable and cost-effective hardware solutions for monitoring the performance of networks. Hardware solutions such as hardware monitors, probes, and switches can help to monitor network performance in real time, providing detailed insights into network performance. Additionally, hardware segment solutions are capable of collecting data from different sources, allowing users to identify and address issues quickly. Furthermore, hardware solutions can also be used to detect anomalies and suspicious activities, which helps to ensure a secure network environment.
Due to such factors, the hardware segment holds the largest market share of 57.3% in the network performance monitoring market.
How does Network Performance Monitoring for Large Retailers Segment Drive the Growth of the Network Performance Monitoring Market?
Network performance monitoring (NPM) for large retailers helps them to track, monitor, and analyze the performance of their networks, including the performance of their applications, servers, and other networked devices. By gaining insight into the performance of their networks, retailers can identify and address any issues that are causing slowdowns or lags in their networks.
This helps to ensure the smooth functioning of their networks and systems and can help to reduce operational costs. Additionally, NPM can also help large retailers to gain a better understanding of their customer’s needs and expectations through real-time monitoring and analysis of network performance. This information can then be used to improve customer experience, which can lead to increased sales and revenue. The growing demand for NPM solutions among large retailers is driving the growth of the network performance monitoring market.
Recent developments related to key players providing network performance monitoring market solutions have been tracked by the analysts at Persistence Market Research, which will be accessible in the full report.
| Attribute | Details |
|---|---|
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Forecast Period |
2023 to 2033 |
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Historical Data Available for |
2018 to 2022 |
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Market Analysis |
US$ Million for Value |
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Key Regions Covered |
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Key Countries Covered |
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Key Market Segments Covered |
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Key Companies Profiled |
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Pricing |
Available upon Request |
By Component:
By Enterprise Size:
By End Use:
By Region:
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In 2022, the market value of network performance monitoring was US$ 1,456.1 Mn.
The global network performance monitoring market is estimated to advance at a 12.9% CAGR through 2033.
The market for network performance monitoring is forecasted to climb to US$ 5,468.9 Mn by 2033 end.
Demand for network performance monitoring market in India is projected to rise at a CAGR of 13.4% over the forecast period.
In 2022, the North America network performance monitoring market held a dominant market share of 24.8%.
