Network Fault Monitoring Tools Market

Network Fault Monitoring Tools Market Outlook (2022 to 2032)

[297 Pages Report] The global network fault monitoring tools market size is expected to reach a valuation of USD 2,157.34 Million in 2022. The increased demand for cloud services, as well as the rising demand for resilient network fault monitoring systems to quickly settle downtime issues, as well as the necessity for continuous monitoring because of greater network complexities and security concerns, is the market's primary growth drivers.

The market for network fault monitoring tools is projected to grow at a robust CAGR of 5.5% between 2022 and 2032, totaling around USD 3,673.0 Million by the end of 2032.

Data Points	Key Statistics
Network Fault Monitoring Tools Market Size (2022)	USD 2,157.34 Million
Network Fault Monitoring Tools Market Revenue Forecast (2032)	USD 3,673.0 Million
Network Fault Monitoring Tools Market Growth Rate (2022 to 2032)	5.5% CAGR
North America Market Share	37%

Network fault maximizing tools demonstrate network implies slowdown or interruptions which impede the enterprises’ capacity to operate. Enterprises frequently have difficulty able to diagnose the causes of disruptions and slowdowns, which is why they are transforming to network fault monitoring tools to enhance their effectiveness. Network fault monitoring tools help industries by aiding with more complex services and technologies such as network visibility, performance issue detection, and others.

Network fault monitoring tool vendors are continually evolving their solutions, such as supporting software-defined environments, cloud monitoring solutions, and more hybrid deployment models. Through network instrumentation, network fault surveillance tools enable IT operations to recognize the achievement of application, infrastructure, and network components.

Which Factors are driving the Growth of the Network Fault Monitoring Tools Market?

There has recently been an increase in the supply of network services among the community, who expect superior services. The increasing relevance of minimizing the negative effects of faults, the increasing reliance on software-based security solutions that address various compliance and efficient policies, and the surge of interest in paperless administrative operations across multiple organizations are the major factors driving the profitability growth of the global network fault monitoring tools market.

Which Factors are restraining the Growth of the Network Fault Monitoring Tools Market?

The life of hardware where network outage monitoring tools are implemented is shortened due to the large amount of strain caused by network and disc I/O activities. Because of the aforementioned factors, it is complicated to choose the ideal network fault monitoring tool, which has a negative influence on the global network fault monitoring tool market.

Which Factors are pushing the Network Fault Monitoring Tools in the Asia Pacific?

The Asia Pacific is predicted to be the fastest-growing network fault monitoring tools sector in terms of revenue, due to increased security protocols and efficiency across numerous industries including manufacturing, hospitality, information technology, and education.

The region has a large consumer base for managed network services due to its high inhabitants, growing economies, and increasing use of mobile and internet. With the escalating use of smart devices and the internet, it has become essential for the general public to have access to dependable and secure connections. This is what propels market growth in this region.

How will growth unfold in the North American Network Fault Monitoring Tools Market?

During the assessment period, the North American network services market is expected to expand at a rapid pace. North America is expected to continue at its current growth rate during the forecast period. Furthermore, North America is expected to dominate the regional market for network security software solutions, with a CAGR of 5%. As a result, these factors are expected to drive the demand for network fault monitoring tools in North America in the decades ahead.

Furthermore, the high rate of adoption among enterprises based in this region, as well as the presence of many large players with research and innovation centers in this region, are driving market expansion in North America. North America is accounting for a market share of 37% of the global network fault monitoring tools market.

How will growth unfold in the European Network Fault Monitoring Tools Market?

Germany is expected to dominate regional market growth. Enhanced cloud computing technologies compel the expansion of the European market for managed network services. Due to the rapid rate of deployment among enterprises premised in this region and many big players having their research and advancement centers in this region, Europe has the largest market share for network fault monitoring tools.

Furthermore, the increasing dependence on software-based security solutions in a wide range of countries, including France, is driving up market demand for network fault monitoring tools in Europe. Europe holds 22.3% of the global network fault monitoring tools market.

Category-wise Analysis

Which Segments Dominate the Global Network Fault Monitoring Tools Market?

Small enterprises, despite their size, play a significant role in the economy. They outnumber large corporations, employ a large number of people, and are generally entrepreneurial in nature, aiding in the shaping of innovation.

Over the forecast period, demand for small and medium-sized enterprise segments is expected to witness significant demand.

The Start-up Ecosystem: How key Players are opening Frontiers for Future Growth?

Manufacturers are adopting various marketing strategies such as new product launches, geographical expansion, mergers and acquisitions, partnerships, and collaboration to identify the interest of potential buyers and create a larger customer base. For instance,

• Riverbed Technology was established in 2002. The most effective Network Performance Monitoring (NPM) tools combine device and flow monitoring with full-packet capture and analysis solutions.
• SevOne is a software company based in Newark, Delaware, that was founded in 2005. SevOne offers the World's Most Scalable Monitoring - SevOne NPM scales conveniently with network and infrastructure needs, with no scaling issues.

Who are the Leading Players in Network Fault Monitoring Tools Market?

Some of the leading Network Fault Monitoring Tools manufacturers include AppNeta, Viavi Solutions Inc., Cisco Systems, Inc., NetScout, ExtraHop Networks, Riverbed Technology, SevOne, LiveAction, HP Enterprises, SolarWinds Worldwide, LLC., and CA Technologies.

These key network fault monitoring tool providers are adopting various strategies such as new product launches and approvals, partnerships, collaborations, acquisitions, mergers, etc. to increase their sales and gain a competitive edge in the global network fault monitoring tools market. For instance,

• Broadcom acquired AppNeta in December 2021 to enhance network performance monitoring throughout the Internet and hybrid cloud-based applications.
• VisionROAM, which was released in November 2020 by Viavi Solutions Inc., is a compelling inbound and outbound roamer monitoring tool with interactive and static dashboards that can be used by both technical and non-technical teams. It keeps track of individual roamers, roaming partnerships, and global roaming quality (GRQ).
• With NETSCOUT’s 4G/5G RAN Monitoring and Analytics Solution, CSPs will benefit from best practices with a reliable life cycle network planning and oversight strategy for their 4G/5G and Open RAN networks. Starting from pre-launch to operations, RF teams can successfully identify and quickly resolve root cause service degradation anywhere in the network, to optimize issues based on proven data and actionable insights.

ExtraHop Reveal(x) 360 provides fully SaaS-based network monitoring, while Reveal(x) Enterprise provides self-managed NDR. In July 2021, ExtraHop Reveal(x) was released by ExtraHop Networks.

Report Scope

Report Attribute	Details
Growth Rate	CAGR of 5.5% from 2022 to 2032
Market Value in 2022	USD 2,157.34 Million
Market Value in 2032	USD 3,673.0 Million
Base Year for Estimates	2021
Historical Data	2016 to 2021
Forecast Period	2022 to 2032
Quantitative Units	Revenue in USD Million and CAGR from 2022 to 2032
Report Coverage	Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis
Segments Covered	Deployment, Size of Enterprise, Region
Regions Covered	North America; Latin America; Europe; Asia Pacific; Middle East and Africa
Key Countries Profiled	The USA, Canada, Brazil, Mexico, Germany, The United Kingdom, France, Spain, Italy, China, Japan, South Korea, Singapore, Thailand, Indonesia, Australia, New Zealand, GCC, South Africa, Israel
Key Companies Profiled	AppNeta; Viavi Solutions Inc.; Cisco Systems, Inc.; NetScout; ExtraHop Networks,; Riverbed Technology; SevOne; LiveAction; HP Enterprises; SolarWinds Worldwide LLC; CA Technologies
Report Customization & Pricing	Available upon Request

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

Frequently Asked Questions

What is the current valuation of network fault monitoring tools market?

The global network fault monitoring tools market reached USD 2,157.34 Million in 2022

What is the anticipated growth rate for network fault monitoring tools during the projected period?

As per FMI, the network fault monitoring tools industry is expected to grow at a CAGR of 5.5% from 2022 to 2032

What is the projected valuation for Network Fault Monitoring Tools market by 2032?

The global sales of network fault monitoring tools are anticipated to total a valuation of USD 3,673.0 Million by 2032

Which is the leading market for Network Fault Monitoring Tools?

North America will continue to remain the most lucrative market for Network Fault Monitoring Toolss, accounting for a share of 37%