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. 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. As the amount of traffic continues to rise due to large network size and huge traffic volume, IP monitoring becomes increasingly important within enterprises. IP monitoring is the modern way to monitor a security system. Traditional security systems use phone lines and PSTN (public switched telephone network) to reach the monitoring center. The PSTN monitoring system poses various challenges including high cost, slow network, and poor supervision. However, IP monitoring tools provide many benefits by addressing various problems of the traditional PSTN monitoring. Benefits include its less cost, faster reporting of events, high security, and real time monitoring. IP monitoring tools usually make use of the network (internet) connection in order to report false alarms and other information to the monitoring station.
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. 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.
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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. In terms of enterprise size, the IP monitoring tools market can be classified into large enterprises and small and medium enterprises (SMEs). Based on end-use industry, the IP monitoring tools market can be classified into IT & telecom, retail & e-commerce, education and research, government, media & entertainment, transportation & logistics, health care, banking, financial services and insurance (BFSI), manufacturing, and others. Based on region, the global IP monitoring tools market can be segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America.
Major players operating in the global IP monitoring tools market include SolarWinds Worldwide, LLC., Paessler AG, ManageEngine, Nagios Core, Power Admin LLC, Zabbix LLC, and many others. These vendors continue to invest considerably in research & development (R&D) in order to integrate advanced technologies into their solutions and introduce innovative products to increase market share. Also, these vendors continue to establish new partnerships with local players so as to expand their presence and increase share in regional markets.
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