Which component helps identify and monitor bandwidth usage in real-time?

The Application Bandwidth Monitor is designed to specifically focus on tracking and examining bandwidth usage for applications in real time. This tool provides insights into how much bandwidth each application consumes, allowing administrators to identify applications that may be hogging resources or affecting overall network performance.

By utilizing an Application Bandwidth Monitor, network professionals can gain visibility into application performance and user behavior, which is crucial for optimizing network resources and ensuring that critical applications receive the bandwidth they need for optimal operation. It allows for proactive management of bandwidth allocation and can help in troubleshooting performance issues related to bandwidth saturation.

In contrast, while other options may play roles in monitoring or managing network performance, they do not specialize in real-time bandwidth analysis of applications. This specificity is what makes the Application Bandwidth Monitor the correct choice for the question posed.