Global Network Fault Monitoring Tools Market Overview:
Network Fault Monitoring Tools are a comprehensive package of solutions which enables a firm to monitor or enhance observability capabilities over its network. The network fault monitoring tools, basically comprising from lan analyser to packets analyser detect any vulnerabilities in the network which are prone to external attacks or external breach into the firms networks. This kind of tools become increasingly a necessity for a firm to protect its loss of data as well as to maintain the privacy of its clients and employees. The network fault monitoring tools market has exploded fuelled by increasing adoption of digital solutions by businesses specifically adoption of cloud computing solutions. The major concern halting the growth of the network fault monitoring tools to an extent is the privacy concerns associated with firm. Geographically, North America is the biggest market of Network Fault Monitoring Tools market. Some of the players profiled in the study are Cisco Systems, Inc. (United States), Netscout Systems, Inc. (United States), HP Enterprise (United States), VIAVI Solutions Inc. (United States), Riverbed Technology, Inc. (United States), ExtraHop Networks (United States), AppNeta (United States), Riverbed Technology, Inc. (United States), Turbonomic (United States) and SolarWinds Worldwide, LLC (United States).
On the basis of geography, the market of Network Fault Monitoring Tools has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Deployment Mode, the sub-segment i.e. Cloud Based will boost the Network Fault Monitoring Tools market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End Users, the sub-segment i.e. IT and Telecom will boost the Network Fault Monitoring Tools market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Organization Size, the sub-segment i.e. Large Enterprises will boost the Network Fault Monitoring Tools market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Growth Drivers
- Increasing Adoption of Digital Solutions by Businesses
- Rising Number of Cyber Attack Incidents
Influencing Trend
- Cloud Based Solutions are Increase in Popularity
Restraints
- Privacy Concerns Associated with Handling the Network of a Firm
Opportunities
- SMEs are Next Potential Market which is Fairly Less Penetrated
Challenges
- Poor IT and Related Infrastructure in Developing Countries
- Lack of Presence of Skilled Professionals in the Industry in Developing Countries
Key Market Developments:
In 2020, Splunk Inc., an American Software developer associated with searching, monitoring and analysing data has announced acquisition of Flowmill, which is a network and performance monitoring firm. The acquisition will help Splunk bolster its Observability Suite, thus providing greater features to customers
Target Audience:
Network Fault Monitoring Tools Providers, New Entrants/Investors, Venture Capitalists and Private Equity Firms, End-Use Industries and Others
Major Objectives Focused through this Study
To define, describe, and forecast the Global Network Fault Monitoring Tools market on the basis of product [] , application [], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Network Fault Monitoring Tools market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Network Fault Monitoring Tools industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization:
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Players which are also part of the research are Splunk Inc. (United States), Broadcom Corporation (United States) and LiveAction, Inc. (United States).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Network Fault Monitoring Tools market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.