|By Business Wire||
|August 20, 2014 09:30 AM EDT||
NetScout® Systems, Inc. today announced it has been ranked the market share leader in the worldwide network management software and appliance market* for the second consecutive year by IDC, a leading global provider of market intelligence and advice. In a worldwide market that IDC estimated at $2.66 billion in 2013, NetScout outgrew the market by nearly four times and accounted for the highest rate of growth among all competitors at 12 percent.
TWEET THIS: @NetScout is Top Vendor in Worldwide Network Management Software and Appliance Market
- IDC estimated the global market at $2.66 billion in 2013, up 3.3 percent over the previous year. IDC expects it will grow at 4.1 percent in 2014 with a compound annual growth rate (CAGR) of six percent through 2018.
- NetScout grew its market-leading share to more than 14 percent, and was noted for its nGeniusONE™ Unified Performance Management platform and the ability of the platform’s patented Adaptive Session Intelligence™ (ASI) network traffic metadata technology to provide advanced operational intelligence and performance analytics.
“Enterprises and service providers rely on service assurance solutions to meet rising business continuity and customer experience expectations. In keeping with IDC’s prediction that network automation, agility and data analytics will become enabling factors for network infrastructure, we expect the network management market to continue to grow along with IT Infrastructure,” said Rohit Mehra, vice president, Network Infrastructure, IDC. “NetScout has been ranked as a market share leader the last two years, and with service quality and availability becoming mission-critical business requirements, vendors such as NetScout will continue to add value in providing unique service-oriented visibility into networks, applications and end users.”
- IDC Report: Worldwide Network Management Software and Appliance 2014–2018 Forecast and 2013 Vendor Shares
- Data Sheet: nGeniusONE Unified Performance Management Platform
*Source: IDC, Worldwide Network Management Software and Appliance 2014-2018 Forecast and 2013 Vendor Shares, Doc #250021, July, 2014.
About NetScout Systems, Inc.
NetScout Systems, Inc. (NASDAQ:NTCT) is the market leader in application and network performance management solutions that enable enterprise and service provider organizations to assure the quality of the user experience for business and mobile services. Used by 92 percent of Fortune 100 organizations and more than 165 service providers worldwide, NetScout’s technology helps these organizations proactively manage service delivery and identify emerging performance problems, helping to quickly resolve issues that cause business disruptions or negatively impact users of information technology. For more information about NetScout, visit www.netscout.com.
NetScout and nGenius are registered trademarks, and nGeniusONE and Adaptive Session Intelligence are trademarks of NetScout Systems, Inc. All other trademarks are the property of their respective owners.
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