NetScout’s Revenue Grows More Than Five Times Faster Than Market to
Regain Top Market Share Position
WESTFORD, Mass.--(BUSINESS WIRE)--Jul. 11, 2013--
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.
About NetScout Systems, Inc.
NetScout Systems, Inc. (NASDAQ: NTCT) is the market leader in Unified
Service Delivery Management enabling comprehensive end-to-end network
and application assurance. For 28 years, NetScout has delivered
breakthrough packet-flow technology that provides trusted and
comprehensive real-time network and application performance intelligence
enabling unified assurance of the network, applications and users. These
solutions enable IT staff to predict, preempt and resolve network and
service delivery problems while facilitating the optimization and
capacity planning of the network infrastructure. NetScout nGenius® and
Sniffer® solutions are deployed at more than 20,000 of the world’s
largest enterprises, government agencies, and more than 148 service
providers, on over one million physical and 2,000 virtual network
segments to assure the network, applications, and service delivery to
their users and customers. For more information about NetScout go to http://www.netscout.com.
For more information on nGeniusONE, visit www.ngeniusone.com
NetScout and nGenius are registered trademarks, and nGeniusONE is a
trademark of NetScout Systems, Inc. All other trademarks are the
property of their respective owners.
Source: NetScout Systems, Inc.
NetScout Systems, Inc.
Rebecca Noriega, +1 408.571.5343
Sr.
Public and Analyst Relations Manager
rebecca.noriega@netscout.com
or
Davies
Murphy Group, Inc.
Joseph Rigoli, +1 781.418.2460
netscout@daviesmurphy.com