Gigamon Remained the Market Leader in 1H’23 as Customers Looked to Gain Valuable Insights From Their Hybrid Cloud Networks
Incline Village, Nevada – Oct. 17, 2023 – A newly released report by 650 Group, a leading Market Intelligence Research firm for communications, data center, and cloud markets, provides unique insight into the Deep Observability market. The report indicated that the market grew by 60 percent in 2022 and is expected to reach $500M in 2023. The report also indicates that cloud and subscription-based offerings should represent the majority of revenue during the forecast period.
The Deep Observability Market is a critical growth component for observability infrastructure vendors, as enterprises need to extract a significant amount of data from hybrid cloud networks beyond logs to secure and automate their infrastructure. Gigamon was the leader in 1H23 with 67% market share.
“Deep Observability continues to add additional value-add features like decryption, application filtering, application metadata, and de-duplication, which helped the market grow over 30 percent in the first half of 2023,” said Alan Weckel, Founder and Technology Analyst at 650 Group. “Over the forecast years, these factors will help drive networking automation and AI-based networks. Deep Observability is an innovation that is rapidly catching on and is a high-growth segment in our research coverage. We continue to see a convergence of the SecOps, NetOps, and CloudOps operations teams, and technology like Deep Observability helps them be more proactive to application performance and vulnerability detection.”
650 Group’s quarterly Deep Observability reports include segmentation on a regional and worldwide basis and provide market data for the China and non-China markets. Vendors contained within the report include Arista, Gigamon, Kentik, Keysight, and Netscout. Vendors in the broader Observability market include Cisco, Datadog, Dynatrace, Elastic, New Relic, and Splunk.
About the Deep Observability Reports
The Quarterly Deep Observability report covers quarterly vendor market shares and forecasts. In addition, 650 Group publishes additional segment-specific reports on Campus / Enterprise Switching, WLAN, Security, SASE, and SD-WAN. For more information about the report, contact the sales department at 650 Group at +1 650 600 7104 or firstname.lastname@example.org or www.650group.com.
About 650 Group
650 Group is a leading Market Intelligence Research firm for communications, data center, and cloud markets. Our team has decades of research experience, has worked in the technology industry, and is actively involved in standards bodies. Learn more at http://www.650Group.com