In accordance with embodiments, there are provided mechanisms and methods for facilitating dynamic and segment-based monitoring of cellular network performance. In one embodiment and by way of example, a method includes dividing a cellular network path of a cellular network into a plurality of network segments, and monitoring performance of the cellular network at a first network segment of the plurality of network segments. The first network segment is associated with a first segment point includes a first computing device. The method may further includes generating first metrics based on first monitoring data relating to the first network segment, and forwarding the first metrics to a second segment point coupled with the first segment point over the first network segment. The second segment point includes a second computing device.