Global Network Traffic Analytics Market is anticipated to witness exponential growth in the forecast period. Network traffic analytics comprises analyzing network traffic using statistical modeling, machine-learning techniques, predictive modeling, and mathematical modeling to recognize meaningful patterns.
The factors that propel the growth of the market include increasing use of network traffic analytics solutions, increasing IT security budget, growth in the number of connected smart devices, and increased acceptance of bring your own device (BYOD). On the other hand, there are factors that may hamper the growth of the market including high investment required for approving network traffic analytics solutions and high deployment cost. Network traffic analytics market is anticipated to grow at a significant CAGR of 22.62% in the upcoming period as the scope, product types, and its applications are increasing across the globe.
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The market may be explored by solution and services, deployment type, end user, industry vertical, and geography. Market may be explored by solution and services as Managed Services, Network Intelligence Solution and Professional Services. Based on deployment type, the market could span Cloud and On-premises. The “On-premises” segment led the network traffic analytics Market in 2017 and will continue to lead in the forecast period. The key factors that may attributed to the growth of market include increasing popularity and cost-effective production.
The market may be explored by industry vertical as Government, Healthcare, Energy & Utilities, Financial Services, & Insurance (BFSI), Education, Manufacturing, Telecom & IT, Retail and Others (Aerospace & Defense, Media & Entertainment, and Hospitality). The “BFSI” segment led the market in 2017 and will continue to lead in the forecast period. The key factors that may attributed to the growth of market include rising acceptance of BFSI companies. The market could be explored based on end user as Enterprise, Service Provider, and Data Center. The “Service provider” segment led the market in 2015 and will continue to lead in the forecast period.
North America accounted for the major share of the network traffic analytics market in 2017 and will continue to lead in the forecast period. The factors that could be attributed to the growth include high acceptance of software, presence of key industry players, and occurrence of necessary communication and internet infrastructure. North America is followed by Asia-Pacific region in the forecast period owing to rising cloud usage.
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Some of the key players that fuel the growth of the network traffic analytics market comprise Palo Alto Networks, Inc., Genie Networks, GREYCORTEX s.r.o., Zoho Corporation, Flowmon Networks, Ipswitch, Inc., Netreo Inc., Cisco Systems, Inc., Netmon Inc., and Dynatrace LLC. The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.
The market is divided into the following segments based on geography:
Related Reports of this Category available at Million Insights: https://www.millioninsights.com/industry/telecommunications-and-networks
Global Network Traffic Analytics Market 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
• Cisco Systems
• Juniper Networks
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