The Global SNMP Monitoring Tool Market is expected to grow at a significant CAGR during the forecast period (2024-2031). SNMP is a commonly-used protocol for managing and monitoring network components. The SNMP monitoring tool allows network status information to be sent across monitored devices and applications.
SNMP monitors network performance, detects network problems, audits network consumption, and, in some circumstances, configures distant devices. The SNMP network monitoring tool offers an up-to-date network layout, saving time and resources for businesses. Enterprises may obtain an immediate map of network devices, as well as vital data and a comprehensive network inventory for each device.
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Because of the rising global network of businesses, the SNMP (Simple Network Management Protocol) tool market is growing. As it is difficult to retain real human beings in all of the sites, a big network distributed over several remote locations needs help to administer each network. As a result, businesses are using SNMP monitoring tools to manage their networks.
One of the main new market advancements in SNMP is the increased use of Big Data for IT monitoring and analytics. Most SNMP techniques include Big Data, which allows organizations to leverage large amounts of data to improve performance. Monitoring software based on Big Data collects, analyses, and monitors raw data and measurements from numerous data sources within an IT or network organization. This enables supervisors to assess problem areas and rectify issues within the system. These factors are expected to drive the growth of the market during the forecast period.
For Instance, Ixia’s network monitoring software, which was launched in February 2020, now includes machine learning technology. By detecting, identifying, and addressing network anomalies, the new technologies will enable the Hawkeye platform to help companies minimize network outage times and enhance network uptime.
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Market Coverage
- Segment Covered-
o By Component
o By End-User
- Competitive Landscape: Cisco System, Inc., Nagios Enterprises, LLC., Microsoft, OPENNMS GROUP, INC., HCL, ZOHO Corporation Pvt.Ltd., Netmon Inc., Axence Inc. among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominates the market in base year?
- Which segment and region will project fastest growth in the market?
- How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
SNMP Monitoring Tool Market Report
By Component
- SNMP Manager
- Managed Devices
- SNMP agent
- Management Information Base (MIB)
By End-User
- IT and Telecommunications
- Manufacturing
- Transportation and Logistics
- Defense and Government
- BFSI
- Healthcare
- Retail
- Energy and Utilities
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