Network Monitoring Market Growth, Status and Forecast by 2027

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Network Monitoring Market Growth, Status and
Forecast by 2027

• The Field of Network Monitoring, a crucial
  component of the present IT infrastructure, is
  anticipated to witness a breakthrough shift in
  the forthcoming years. As networks continue to
  evolve and expand swiftly with growing
  advancements and complexities, the need for
  monitoring stands critical for businesses across
  the globe to mitigate server downtimes and
  network failures and enhance productivity.
• Network monitoring software help analyze the
  performance in real-time, i.e., they send an
  immediate alert in case of any network failure
  enabling one to take instant corrective action
  while minimizing potential downtime.
• The network monitoring industry has witnessed
  several innovations over the years as a result of
  increasing focus by the industry players to
  foster trade associations and keep up with the
  rising consumer demand.

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• It is a proactive approach that eliminates the
  need for manual checks and physical system
  administrator and helps determine the exact
  problem areas of a network, saving a lot on
  company time and expenses. The reports generated
  from this software support enterprises to
  identify the trends and patterns in the system
  performance and document the necessity for any
  upgrade or replacements.

• This could be due to the countless product
  benefits like network visibility, maintaining
  compliance, preventing downtime, quickly finding
  and fixing issues, uncovering security threats,
  capacity planning, etc.

• In the last few years, there has been a
  substantial rise in internet users across the
  globe. This could be attributed to the surging
  digitalization, increasing smartphone
  penetration, and rapid prevalence of social media
  and online gaming trends. The sudden onset of the
  COVID-19 pandemic has further contributed to the
  numbers due to the integration of remote working
  and e-learning culture following the stringent
  social distancing norms across several economies.
  As per new estimates by the International
  Telecommunication Union, the number of internet
  users across the globe surged to 4.9 billion in
  2021.

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• Below are a couple of instances illustrating this
  trend

• In February recently, Telstra announced its
  collaboration with Intellihub with its AU100
  million deal to outfit the latter's smart meters
  with IoT sims. The partnership will benefit
  Intellihub and its customers to control energy
  demand more efficiently and deliver a real-time
  understanding of the energy network.
• In the same month, Cynamics launched a cloud NDR
  offering, terminating network visibility
  obstacles by bolstering network monitoring,
  prediction, and detection capabilities across any
  hybrid-cloud or cloud-native atmospheres into a
  single-pane view adapting to deviating
  requirements of contemporary organizations.

• Competitive Analysis

• Accedian Networks, Inc., Apcon, Inc., AppNeta,
  Inc., Arista Networks, Inc., Broadcom, Inc.,
  Cisco Systems, Inc

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