SNMP (Simple Network Management Protocol) tool market is growing significantly due to increasing enterprises network across the globe. The large network spread across multiple remote locations which needs the assistance to manage the each and every network because it is difficult to keep live human being across all the locations. Therefore, enterprises are implementing SNMP monitoring tool to manage their enterprises network. SNMP monitoring tool is widely accepted protocols to manage and monitor network elements. SNMP monitoring tool permits the distribution of network status information among monitored devices and applications. SNMP monitoring tool manages network performance, detect network errors, audit network usage, and in some cases configure remote devices. SNMP network monitoring tool provides an up-to-date layout of the network, which can save the time and resources for enterprises. Enterprises can get an instant map devices on the networks as well as important details and complete network inventory of each device.
The major driver for SNMP monitoring tool is increasing the usage of SNMP monitoring tool in IT enterprises to monitor their network infrastructure including servers, workstations, routers, hubs, bridges to improve overall business performance. Furthermore, the increasing number of cloud-based tool that helps the enterprises to keep track of various elements of enterprise networks, from topology discovery, event collection, reporting and SLA monitoring is driving the SNMP monitoring tool market.
In contrast to this, due to security risk and complexity of network infrastructure is restraining the SNMP monitoring tool market.
SNMP monitoring tool Market: Segmentation and key players
Segmentation of SNMP monitoring tool on the basis of component:SNMP Manager, Managed Devices, SNMP agent, Management Information Base (MIB), Segmentation of SNMP monitoring tool on the basis of industry:IT and Telecommunications, Manufacturing, Transportation and Logistics, Defense and Government, BFSI, Healthcare, Retail, Energy and Utilities, Others.
Some of the key players for SNMP monitoring tool are Cisco System, Inc., Nagios Enterprises, LLC., Microsoft, OPENNMS GROUP, INC., HCL, ZOHO Corporation Pvt.Ltd., Netmon Inc., Axence Inc.
North America and Western Europe regions are expected to witness robust growth as they are fastest growing regions due to increase in adoption and enhanced accessibility of SNMP monitoring tool technology is expected to fuel the revenue growth in these regions. Asia Pacific is expected to have the highest growth rate during the forecast period.
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