The Global WPA LSG and FT and NMS Market was valued at USD 600.54 Million in 2020 and is expected to grow at a Compound Annual Growth Rate (CAGR) of 5.2% between 2021 to 2028. WPA LSG and FT and NMS are widely used solutions that perform the function of managing and monitoring of networks. The role of WPA is to analyze the entire data that has been transmitted through network. Therefore, the use of packet analyzer is done so that it performs various functions like identification of root cause, debug networks, analyzing the traffic's of networks, performing security checks and monitoring the threats. In addition, the function that LSG and FT performs is that it is used in extreme stress conditions for testing of an application. Moreover, for preventing issues at later stages, FT is performed at each and every development stage.
Increasing Adoption Of Network Monitoring Techniques And The Expansion Of Networks To Sur The Market Growth
Growing adoption of network monitoring techniques and the expansion of networks in rural areas is driving the market growth for WPA LSG and FT and NMS. With the help of monitoring technology, the necessary information for management is gained. Moreover, WPA LSG and FT and NMS are used for detecting network issues. Furthermore, as it has expanded and most likely to grow in remote areas the market for WPA LSG and FT and NMS are expected to show significant growth.
Whereas, the major factor that is obstructing the market growth for WPA LSG and FT and NMS are because the heavy industries are facing operational challenges and that is restraining the market growth whereas semiconductors, information, technology, electronics and communication industry are showing diversified trends.
During the crisis of COVID-19, the companies of WPA, LSG and FT and NMS developed efficient and effective strategies that were majorly focused on production of next generation solutions and products. There was a systematic approach towards making investments and hence the budgets were pre planned for research and development activities.
Some of the major players operating in the global WPA LSG and FT and NMS market includes Cisco Systems, SolarWinds, Microsoft, Paessler, Zoho Corporation, Colasoft, Check Point, Nagios, Everest IMS Technologies, IBM, ManageEngine, SolarWinds Worldwide, LLC. and HP, among others.