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The Europe Network Performance Monitoring Market would witness market growth of 6.5% CAGR during the forecast period (2022-2028).
In order to guarantee the best performance and stability of their networks, organizations are becoming increasingly aware of the need for improved network visibility. In addition, the market is expanding as a result of the requirement for legal compliance. Regulations like HIPAA, SOX, and PCI are just a few of the rules that businesses must abide by.
By giving firms thorough visibility into existing network performance, NPM systems can assist businesses in adhering to these laws. The industry's progressive shift to cloud-based solutions has been sparked by recent developments in cloud computing technologies that offer integrated virtualized and physical network monitoring solutions.
The demand for efficient network monitoring solutions has increased due to the fast-growing number of BYOD and IoT devices putting stress on contemporary networks. The market is expected to increase greatly because of the network traffic's predicted exponential growth. Additional prospects for market expansion are expected as a result of factors such as growing network content delivery and rising mobile access.
Germany is a country where the use of NPM solutions is growing as a result of the demand for enhanced network performance management. Organizations are looking for ways to monitor and optimize their networks because the German economy is heavily reliant on digital infrastructure. Businesses are also investing in solutions to manage and optimize their cloud networks as the adoption of cloud-based apps grows. This is encouraging the nation to use NPM solutions. The growing emphasis on data security is also influencing the deployment of NPM tools in Germany. Businesses may immediately identify and resolve any network security issues since NPM systems offer full visibility into network performance. All these elements are propelling the growth of the network performance monitoring market in the region.
The Germany market dominated the Europe Network Performance Monitoring Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $205.9 million by 2028.The UK market is anticipated to grow at a CAGR of 5.6% during (2022 - 2028). Additionally, The France market would exhibit a CAGR of 7.3% during (2022 - 2028).
Based on End User, the market is segmented into IT & Telecom Service Providers, Cloud Service Providers, Governments & Public Sector Units and Others. Based on Enterprise Size, the market is segmented into Large Enterprises and Small & Medium Sized Enterprises. Based on Component, the market is segmented into Hardware and Service. Based on Hardware Type, the market is segmented into Network Performance Monitoring Platforms, Network Terminal Access Points (TAPs), Network Access Control (NAC) Appliances and Network Packet Brokers (NPBs) Appliances. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Broadcom, Inc., Microsoft Corporation, Cisco Systems, Inc., Juniper Networks, Inc., Keysight Technologies, Inc., SolarWinds Worldwide, LLC, LogicMonitor, Inc., Paessler AG, Profitap HQ B.V., and Nagios Enterprises, LLC.
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