Hi @KiranU 

For me working fine Pega TracerView, Which you attached the Zip (pega-tracerviewer-3.1-bin) file and I have downloaded the executed in Personal Edition.

PEGA Tracer Viewer Working fine for me, But I am latest version 3.4.1

Please go through below URL for understanding the usage of Pega-TraceViewer. Pega-TracerViewer and for installation Pega-TracerViewer 3.4.1,

Before installation Pega Tracer View, We have to install Java JDK 8 and Above version. Then only it will work fine.

Install JAVA JDK from  download Oracle Site Downloads and Install

Extract the Pega Tracer-Viewr Folder (pega-tracerviewer-3.4.1), We have a two folders One Bin folder and Lib folder, Inside Bin folder -We have to execute the pega-tracerviewer Windows Batch File.

1. In the Tracer window, click Save to download the .xml file to your downloads directory. (Pega Tracer)
2. In the header of the TracerViewer, click FileLoad Pega Tracer File File. (Pega Trace-Viewer)
3. In the file directory window, navigate to the .xml file with the Tracer output, and then open the file.

I hope this will help you.

Thanks,

Ashok