GITNUX MARKETDATA REPORT 2024

Network Performance Monitoring Industry Statistics

The network performance monitoring industry is expected to grow steadily due to increasing demand for real-time visibility into network performance and security.

Statistic 1

"The global Network Performance Monitoring and Diagnostic market (NPMD) size was valued at $2.30 billion in 2020."

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Statistic 2

"The NPMD market is predicted to reach $3.3 billion by 2026 with a CAGR of 6.3% from 2021-2026."

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Statistic 3

"In the NPMD market, cloud-based solutions are expected to grow at the highest CAGR during the forecast period."

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Statistic 4

"North America holds the largest market share in the global network performance monitoring market."

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Statistic 5

"89% of professionals predicted their network management/monitoring budget would increase or stay the same in 2021."

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Statistic 6

"Among enterprise IT networks, 45% take up to an hour to resolve network outages."

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Statistic 7

"60% of companies with 1000+ employees experience multiple network outages each year."

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Statistic 8

"The network monitoring systems & services market is estimated to reach $11 billion by 2027, showing a CAGR of 9.5% over the forecast period."

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Statistic 9

"In 2020, telecom sector contributed around 25% of the total growth of the network monitoring market."

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Statistic 10

"The average cost of network downtime can average $300,000 per hour."

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Statistic 11

"IT professionals spend 33% of their time troubleshooting their networks."

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Statistic 12

"In 2022, the APAC region is expected to become the second-largest market in the global NPMD market."

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Statistic 13

"Over 80% of businesses expect the complexity of their network infrastructure to increase in the near future."

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Statistic 14

"54% of IT professionals believe automation will have the most significant impact on managing network performance."

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Statistic 15

"Over 65% of IT teams are investing in advanced network performance monitoring tools to support remote working needs as a response to COVID-19."

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