NetScout Retains Top Market Share Position for the Second Consecutive
Year with Revenue Growth Nearly Four Times Faster Than Overall Market
WESTFORD, Mass.--(BUSINESS WIRE)--Aug. 20, 2014--
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
Key Facts:
-
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.”
Additional Resources:
*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.
Source: NetScout Systems, Inc
NetScout Systems, Inc.
Courtly Stevens, +1 408-571-5344
Senior
Director, Corporate Marketing
courtly.stevens@netscout.com
or
NetScout
Systems, Inc.
Cathy Taylor, +1 978-614-4286
Director, Investor
Relations
cathy.taylor@netscout.com
or
Davies
Murphy Group, Inc.
Joseph Rigoli, +1 781-418-2460
netscout@daviesmurphy.com