Global Network Surveillance Market to Reach $2.93 Billion by 2023

The constantly evolving software-defined network market provides new development opportunities for the global network surveillance market.

MarketsandMarkets, the world's second-largest market research institution, recently released a report that the global network surveillance market was valued at US$1.67 billion in 2017, and the global network surveillance market in 2018 was approximately US$1.82 billion. Due to the gradual increase in network complexity and security issues, it is estimated that by 2023, the market size will reach 2.93 billion US dollars. The compound annual growth rate (CAGR) during the forecast period (2018-2023) is 9.9%.

It is understood that after a survey of the target audiences(network monitoring equipment manufacturers, network monitoring product traders/suppliers, companies involved in the network monitoring equipment business ecosystem, telecommunications service providers, cloud service providers, system integrators, etc.) of the global network surveillance market, MarketsandMarketsd divides the global network surveillance market into the following sub-markets: network surveillance market providers (equipment, solution and service providers), broadband (1 Gbps and 10 Gbps, 40 Gbps, 100 Gbps), technology (Ethernet, optical fiber, and InfiniBand) and end users (enterprise, telecommunications, government organizations, and cloud service providers).

The report believes that the emergence of more and more companies with strict and high requirements has promoted the growth of demand for network monitoring equipment. Due to the increasing complexity of network architectures, application delivery requires highly reliable and scalable network monitoring equipment. With the powerful network monitoring functions of such equipment, it can ensure the smooth operation of critical mission network infrastructure and quickly resolve downtime and other issues. At the same time, it promotes the development of the network monitoring equipment market. In addition, the constantly evolving software-defined network market provides new development opportunities for the global network surveillance market.

The report also points out that in today's Internet + era, information-driven organizations or companies are facing the basic challenge of balancing the high availability of business-critical information and maintaining its integrity and security. The network monitoring equipment can continuously monitor the company's network vulnerabilities, configurations, and current important network events, and timely discover suspicious activities that may attack the company. In other words, network monitoring can minimize the downtime of electronic equipment in information-driven organizations or companies, thereby saving the company's time and other costs.

After surveying the network surveillance market in North America, Europe, Asia Pacific (APAC) and other regions of the world, the it found that: Gigamon (United States), NetScout Systems, (NetScout) (United States), Ixia (United States), VIAVI Solutions ( Viavi) (United States), APCON (United States) and Garland Technology (United States) are leading companies in the global network surveillance market. And Broadcom (Broadcom) (United States), Juniper Networks (United States), Big Switch Networks (United States), Zenoss (United States), Network Critical (United Kingdom), Corvil (Ireland), CALIENT Technologies (CALIENT) (United States), Netgear (United States) ) and Motadata (USA) are also some of the major companies in the global network surveillance market.