IP Monitoring Tools Market ? Ensure Smooth Operations of Critical Network Infras

Posted by RASHMI on March 12th, 2019

Rapid growth of the internet is on account of the increasing data traffic volumes and rise of new applications and users. As per the Cisco Systems Inc. study titled Cisco Visual Networking Index: Forecast and Trends, 2017 – 2022, the global annual IP traffic is expected to reach 4.8 ZB per year or 396 Exabytes (EB) up from 1.5 ZB per year, or 122 EB per month in 2017. This growth is expected at a compound annual growth rate (CAGR) of 26 from 2017 to 2022.

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The growth is majorly driven by the increasing number of wireless and mobile devices globally. The traffic from mobile devices and wireless will account for 71% of total IP traffic by 2022. The growth in network traffic has led to demand for efficient network optimization and planning strategies and efficient use of network resources within enterprises. 

A major driver boosting the growth of the global IP monitoring tools market include increasing need for efficient network monitoring capabilities to ensure smooth operations of critical network infrastructure. Increasing need to solve downtime issues and need for continuous monitoring due to increasing complexities and security concerns within enterprises has led to the demand of the global IP monitoring tools market.

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However, network complexity, cloud hosted workloads, and software defined architectures are some of the major restraints affecting the growth of the IP monitoring tools market. However, the increasing deployment of global IP monitoring tools in small and medium enterprises as well as the growth of the software defined networking market is creating considerable opportunities for vendors in the global IP monitoring tools market.

The global IP monitoring tools market can be categorized based on product type, bandwidth, enterprise size, end-use industry, and region. Based on product type, the IP monitoring tools market can be classified into network monitoring and server monitoring. In terms of bandwidth, the IP monitoring tools market can be classified into 1 to 10 Gbps, 11 – 40 Gbps, and more than 40 Gbps.