As per the market research report titled ‘Network Monitoring Market Size By Component (Monitoring Equipment, By Enterprise Size, By Network Speed, By Application, Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2020 – 2026’ available with Market Study Report, global network monitoring market is anticipated to grow significantly during 2020-2026.
 

The report states that increasing adoption of the service across several verticals in order to facilitate smooth operations coupled with escalating demand for high-quality network service delivery as well as enhanced performance are bolstering the growth of global network performance monitoring market.
 

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For the record, network monitoring refers to the process of optimizing, troubleshooting, reporting, and monitoring the performance of a computer network. It helps in proactively preparing for address network problems as well as potential interruptions and helps in the maintenance of a congestion-free network.
 

Additionally, increasing adoption of performance monitoring software and network mapping in the BFSI as well as government sector along with surging demand for a highly accessible IT infrastructure are stimulating the global network monitoring market outlook.
 

Based on component type, the network monitoring switch segment is projected to record a 10% CAGR over 2020-2026, owing to escalating demand for network monitoring hardware components.
 

With regards to network speed, the 40 Gbps segment accounted for 15% share in global network monitoring market in 2019 and is expected to show similar growth patterns during the forecast duration, primarily due to its enhanced feasibility.
 

Moving on to application reach, the industrial segment is estimated to exhibit a 9% CAGR through 2026, on account of increasing adoption of IoT devices across several manufacturing facilities.
 

As per the regional analysis, Middle East & Africa network monitoring market is calculated to grow with a CAGR of 12% through 2020-2026, primarily due to increasing number of smart city projects in the region.
 

Leading organizations that outline the global network monitoring industry trends are Viavi Solutions, Inc., SolarWind, Inc., SevOne, Inc., Riverbed Technology, Inc., NETSCOUT Systems, Inc., Logic Monitor, Inc., LiveAction, Inc., Juniper Networks, Inc., Ixia (Keysight Technologies, Inc), IBM Corporation, Gigamon, Inc., Garland Technology, LLC, ExtraHop Networks, Inc., Colasoft, Inc., Cisco Systems, Inc., Broadcom, Inc., Big Switch Networks, Inc., AppNeta, Inc., Apcon, Inc., and Accedian Networks, Inc.