The market for network fault monitoring tools is expected to grow from its current valuation of US$ 2.16 billion to US$ 3.67 billion by 2032, with a compound annual growth rate (CAGR) of 5.5% from 2022 to 2032.
Businesses do have challenges in identifying network interruptions and slowdowns. This is where network fault monitoring solutions help the verticals identify problems with performance. The companies that supply network fault monitoring technologies are constantly improving their offerings. Examples of this may include hybrid deployment approaches and cloud monitoring services. Network instrumentation makes it possible for IT operations to evaluate the performance of network, application, and infrastructure components.
At the same time, it needs to be noted that life of the hardware gets shortened on strain caused due to disc and network I/O activities. Thus, choosing the appropriate network fault monitoring tool turns out to be complex. This factor is bound to restrain the network fault monitoring tools market. Future Market Insights has entailed these facts with insights in its latest market study entitled ‘Network Fault Monitoring Tools Market’.
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Key Takeaways from Network Fault Monitoring Tools Market
- North America holds the largest market share and is expected to continue with the same even going forward. This could be credited to higher adoption rate amongst the enterprises.
- Europe is led by Germany and would continue to do so even going forward. This could be reasoned with several bellwethers having their research wing over here.
- The Asia-Pacific is expected to grow at the fastest rate in the network fault monitoring tools market due to inevitability of efficiency across various industries inclusive of IT, hospitality, manufacturing, and education.
Competitive Landscape
- Broadcom, in December 2021, completed acquisition of AppNeta for enhancing ‘network performance monitoring’ all through hybrid cloud-based applications.
- Viavi Solutions Inc. had released VisionROAM in November 2020. It, as the name suggests, is an outbound and inbound roamer monitoring tool with static and interactive dashboards that could be used by non-technical as well as technical teams. Its functionalities include keeping a tab on individual roamers, global roaming quality (GRQ), and roaming partnerships.
- NETSCOUT has its 4G/5G RAN monitoring and analytics solution, through which CSPs would get benefited through the best practices in Open RAN and 4G/5G networks. RF teams hold the distinction of successfully identifying and resolving root cause service degradation anywhere all across the network for optimizing the issues as per actionable insights and proven data.
- ExtraHOP makes provisions for 100% SaaS-based network monitoring, whereas Reveal (x) Enterprise makes way for self-managed NDR. ExtraHOP Networks had released ExtraHOP Reveal (x) in July 2021.
- NETSCOUT, in December 2020, announced that it would extend the long-term association with Vodafone through a multi-year and an exclusive agreement, which implied leveraging InfiniStreamNG platform for helping in providing end-to-end, real-time visibility across the hybrid ambience at Vodafone.
- Gigamon, in April 2021, announced its partnership with Riverbed, who comes across as one of the leaders with respect to visibility and performance of applications and networks to extend support to launching Gigamon Hawk.
“With small enterprises going for network fault monitoring tool, the global network fault monitoring tools market is bound to get through exponentially in the forecast period”, says an analyst from Future Market Insights.
What more about the Network Fault Monitoring Tools Market?
- Future Market Insights offers an exclusive perspective and various real-time insights on the network fault monitoring tools market in its latest study, presenting historical demand assessment of 2016 – 2021 and projections for 2022 – 2032.
- The research study is based on deployment type (on-premise network fault monitoring tools and hosted network fault monitoring tools), and by size of enterprise (network fault management tools for small enterprises, network fault management tools for medium enterprises, and network fault management tools for large enterprises).
Demand for settling downtime issues along with necessity for monitoring on continuous basis due to complexities in network are the factors holding the hopes high for network fault monitoring tools market.
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Key Segments of Network Fault Monitoring Tools Industry Survey
Network Fault Monitoring Tools Market by Deployment Type:
- On-Premise Network Fault Monitoring Tools
- Hosted Network Fault Monitoring Tools
Network Fault Monitoring Tools Market by Size of Enterprise:
- Network Fault Management Tools for Small Enterprises
- Network Fault Management Tools for Medium Enterprises
- Network Fault Management Tools for Large Enterprises
Network Fault Monitoring Tools Market by Region:
- North America Network Fault Monitoring Tools Market
- Latin America Network Fault Monitoring Tools Market
- Europe Network Fault Monitoring Tools Market
- Asia Pacific Network Fault Monitoring Tools Market
- Middle East & Africa Network Fault Monitoring Tools Market
Author:
Sudip Saha is the managing director and co-founder at Future Market Insights, an award-winning market research and consulting firm. Sudip is committed to shaping the market research industry with credible solutions and constantly makes a buzz in the media with his thought leadership. His vast experience in market research and project management a consumer electronics will likely remain the leading end-use sector cross verticals in APAC, EMEA, and the Americas reflects his growth-oriented approach to clients.
He is a strong believer and proponent of innovation-based solutions, emphasizing customized solutions to meet one client’s requirements at a time. His foresightedness and visionary approach recently got him recognized as the ‘Global Icon in Business Consulting’ at the ET Inspiring Leaders Awards 2022.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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