According to the most recent report by Emergent Research, the size of the global Network Performance Monitoring and Diagnostics (NPMD) market is anticipated to reach USD 7.93 billion in 2028 and exhibit a consistent revenue CAGR of 15.8% throughout the projected period. The global Network Performance Monitoring and Diagnostics (NPMD) market has shown robust revenue growth, which is attributable to the development of novel methods for gathering network data employing advanced big data techniques combined with machine learning (ML) and cloud computing.
Rapid digitalization and technological development are two key drivers driving businesses to build many interconnected networks. Another aspect boosting market revenue growth is the demand for greater bandwidth from businesses. Additionally, NPMD supports continuous availability, which is essential for uninterrupted company operations and helps deliver uninterrupted network services to clients. It eliminates loss of productivity in a business, keeps track of network security, minimizes damage, secures infrastructure from cyberattacks, and handles network difficulties.
The rapid integration of artificial intelligence (AI), the internet of things (IoT), the development of 5G networks, predictive analytics, and machine learning (ML) have led to an increase in the popularity of cloud-based network performance monitoring and diagnostics. The market is growing as a result of increasing demand for highly scalable and dependable network monitoring equipment.
Some of the Report’s Important Highlights
In 2020, the Android market accounted for a sizable portion of total revenue because customers who wish to manage incoming and outgoing traffic on their devices can utilize network monitoring apps built for Android devices. This software provides data on all active Internet connections, active Internet-using programs and services, and the IP addresses that these programs and services link to.
Network performance monitoring and diagnostics are continuously being adopted by small and medium-sized businesses to safeguard their infrastructure from security risks. Growing demand for unbroken network services, an increase in the adoption of smart home technology, and vigilant network monitoring are driving this market’s expansion.
Due to the increase in demand for data, the telecommunications segment’s revenue is anticipated to develop quickly during the projection period.
Management of these systems’ functionality, architecture, and breadth has grown tiresome. The telecommunications sector can maintain track of its infrastructure and identify inconsistencies or hardware breakdowns that may result in possible revenue loss by adopting network monitoring.
The telecom sector in the U.K. is seeing growing adoption of technological and telecommunication advances, which is boosting market revenue development. The stable growth of the telecom sector is accelerating market expansion. With adequate government assistance, the U.K. is a significant market in Europe for entrepreneurs in artificial intelligence. The emergence of numerous businesses in the nation that provide software for network performance monitoring and diagnostics is also assisting the market’s expansion.
- Some major companies included in the global market report are Cisco Systems Inc., SolarWinds Inc., Broadcom Corporation, Ipswitch Inc., NetBrain, ManageEngine, Riverbed Technology, Inc., Paessler, LogicMonitor, and AppNeta.
Emergen Research has segmented the global network performance monitoring and diagnostics market based on product type, application, organization size, end-use, and region:
Product Type Outlook (Revenue, USD Billion; 2018–2028)
- Flow-based Technology
- Device Polling Technology
- Packet-based Technology
Application Outlook (Revenue, USD Billion; 2018–2028)
Organization Size Outlook (Revenue, USD Billion; 2018–2028)
- Small- and Medium-sized Enterprises
- Large enterprises
End-use Outlook (Revenue, USD Billion; 2018–2028)
- Telecom Service Providers
- Cloud Service Providers
- Managed Service Providers
- Network Service Providers
Regional Outlook (Revenue, USD Billion; 2018–2028)
- North America
- the U.S.
- the U.K.
- Rest of Europe
- the Asia Pacific
- South Korea
- Rest of APAC
- Latin America
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- Rest of MEA
About Emergen Research
Emergent Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, and across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problem provide our clients with the ability to secure an edge over their respective competitors.
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