The growing complexities in the overall network infrastructure will boost Network Monitoring Market share. As a part of network management, this is an attempt made by computer networks to detect any failing or slow components before they cause severe issues like complete network failures.

Companies are investing a lot of money and resources to make sure that their systems stay up-to-date so that they can get prompt alerts on any red flags the system finds in the infrastructure. For example, Riverbed Technologies, in September 2021, announced its plans to add reporting and cloud visibility features to its Network Performance Management portfolio. This will help the organization provide greater cloud visibility, which is crucial for productivity and performance monitoring.

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Network monitoring market switches are predicted to hold a large share of the global industry by 2027. Several multinational companies are using switches to connect with different devices within the network to send and receive data packets.

Cybersecurity has been one of the primary concerns for large enterprises as the network complexities are growing every day with the arrival of newer technologies. According to the 2022 Cyber Threat Report by SonicWall, encrypted threats and ransomware attacks grew by 167% and 105% respectively, during the year.

The industry switches use MAC and not IP addresses as the former acts as a permanent identifier linked to a network. This aspect can help cybersecurity officials accurately track the exact network that had sent the phishing email or other malware-containing content.

Large enterprises have to handle an enormous network infrastructure on a daily basis, thereby increasing the incidence of network slowdowns and failures in the long run. Companies that do not implement network monitoring market solutions are at a higher risk of suffering from data and financial losses as the services warn business owners of the slowdown, freezing, or fatigue experienced by network connections.

For example, a 2020 survey conducted by Open Gear showed that 92% companies reported financial losses due to network outage. This figure will help firms improve their focus on the existing network infrastructure and take steps to improve its functioning, fueling network monitoring market system industry share.

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The healthcare sector is evolving every year due to the introduction of advanced technologies, such as AI and IoT in a wide range of medical devices as well as services. Many hospitals are using connected devices to help them stay updated on their patient’s health and take immediate action in case of emergencies.

For example, Phoenix Children’s Hospital in the U.S. utilizes nearly 25,000 connected devices in its daily operations and care delivery. Such a huge network of devices needs a strong infrastructure to supervise the current status of various connections. With the increasing use of remote monitoring solutions to assess the functioning of different healthcare departments, the challenge of managing the entire network also rises, thereby bolstering the installation of network monitoring market devices.

Cisco Systems, Inc., Apcon, Inc., AppNeta, Inc., Accedian Networks, Inc., ExtraHop Networks, Inc., Juniper Networks, Inc., and LogicMonitor, Inc., among numerous others, are the main contributors to the growth of global network monitoring market.

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