[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.
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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.
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.
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.
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.
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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.
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.
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,
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,
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 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 |
The global network fault monitoring tools market reached USD 2,157.34 Million in 2022
As per FMI, the network fault monitoring tools industry is expected to grow at a CAGR of 5.5% from 2022 to 2032
The global sales of network fault monitoring tools are anticipated to total a valuation of USD 3,673.0 Million by 2032
North America will continue to remain the most lucrative market for Network Fault Monitoring Toolss, accounting for a share of 37%
| Estimated Market Value (2022) | USD 2.4 Billion |
|---|---|
| Projected Market Value (2033) | USD 35.3 Billion |
| CAGR (2023 to 2033) | 27.8% |
| Market CAGR (2022 to 2032) | 12.5% |
|---|---|
| Market Size (2022) | USD 1.3 Billion |
| Market Size (2032) | USD 8.9 Billion |
| Market Size (2022E) | USD 4.1 Billion |
|---|---|
| Projected Market Value (2032F) | USD 7.8 Billion |
| Market Growth Rate (2022 to 2032) | 6.6% |
| Market Value (2022) | USD 61.9 Billion |
|---|---|
| Market Anticipated Value (2032) | USD 130.9 Billion |
| Projected Growth Rate (2022 to 2032) | 7.8% |
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