NetScout® Systems, Inc. today announced it has been ranked the market share leader in the worldwide network management software and appliance market* by IDC, a leading provider of global IT research and advice. The report examines the global market for network management software and appliances, including a ranking based on revenue of top vendors for 2012.
According to the IDC report, NetScout grew more than five times faster than overall market, with 16.3 percent growth from 2011 to 2012, and outpaced the next two competitors who both lost market share during the same period. The report identified that the worldwide market for network management software and appliances amounted to $2.6 billion in 2012, representing a 3.1 percent increase over 2011 revenues.
“Although 2012 growth over 2011 was a somewhat disappointing year for the distributed network management software market, primarily a reflection of the depressed global economy, NetScout performed exceptionally well during 2012,” said Rohit Mehra, vice president, network infrastructure, IDC.
“IT-enabled operational effectiveness is the watchword across all industries for all business processes, and network-based service delivery is an especially challenging case in point. With the recent introduction of nGeniusONE, IDC believes that NetScout is very well positioned to continue addressing key market trends driving the growth of this segment by providing unique service-oriented visibility into networks, applications and users as service quality and availability needs to become more transparent to more users including application owners and business executives.”
The nGeniusONE™ Unified Performance Management platform converges application and network performance management functionality into a single platform that delivers a top-down, service-focused perspective of performance characteristics of all infrastructure and application elements associated with service delivery. This allows IT organizations to effectively manage the health and availability of diverse application environments to proactively identify performance issues, more effectively triage impact, and quickly identify the root cause of problems.
“Our vision and strategy continues to be focused on providing a unified approach to application and network performance management to deliver a top-down, holistic view into end-to-end service delivery” said Steven Shalita, vice president, marketing, NetScout.
“We are the only vendor that provides a single source of real-time layer four through seven analytics based on a common set of metadata to improve communication and collaboration across the different functional IT groups to enable a unified approach to managing service delivery for complex, distributed IT environment.”
*Source: IDC Worldwide Network Management Software and Appliance 2013-2017 Forecast and 2012 Vendor Shares, doc #241923, June 2013
**News update from Yahoo Finance. To read from Yahoo Finance, Click here