ID: MRFR/ICT/1762-HCR | February 2021 | Region: Global | 100 pages
Network Analytics Market Overview
The global network analytics market makes use of advanced degrees of analytical tools, as well as, applications. There is a huge issue when it came to the analysis of huge quantum of network data structures based on real-time, and hence, there is a raising need for analytical applications in the global market. An increase in the wide-scale adoption of the techniques for cloud computing in different operation sectors is helping the acceleration of the market on the global scale. The use of network analytics will help in getting away with the issues related to deployment and delays related to infrastructural needs.
The network optimization techniques will help in boosting the network analytics market sales. The main agenda of the market is to reduce the network-related complexities due to the emergence of new entries in the market like 5G, IoT, as well as, cloud. The network analytics business is expecting a 22% CAGR growth by the end of the global forecast between 2016-2022, and a market valuation of USD 3.1 billion.
COVID 19 Analysis
With the spread of the global pandemic, many productions, and manufacturing units had to hand over their working and production levels to COVID 19. With the imposition of lockdown, and major companies switching to the work-from-home, from different remote locations, there is a rising need for the network analytics business. There is an increased demand for digital transformation, along with remote services, and data location services.
The target audience requires information for tracking and monitoring the impact of the spread of COVID 19 amongst individuals, as well as, economies. Also, the key market players and governments are increasing the value of investments in the field of analytics, thus helping the companies to conduct extended research and development opportunities relating to real-time data for purpose of tracking, and monitoring.
Network Analytics Market Dynamics
The network analytics business plays a vital role in the provision of data and network-related solutions like intelligence and management of professional services. The network analytics operations provide the user with an ability for better planning and management of the network capacity. This stands to be one of the main priorities for the providers dealing in communication services. This is one of the driving forces for the market growth by the end of the forecast year of 2022 and will help the market grow as per the expected CAGR rate.
Cumulative Growth Analysis
The global analytics market report depicts that there is a huge growth expected by the market by the end of the global forecast to 2022. The analytics technology is used to perform advanced levels of traffic forecasting that comes inclusive of the device performance, and data load forecasting. The application performance for user behavior is also enhanced. The network optimization helps in delivering the analytics market services for a mass customer benefit, thus, fueling its growth by the end of the global forecast of 2022. The main reason behind this is the growing need for autonomous networks, as well as, self-manged. A rising number of the distributed denial of service (DDoS) attacks’ extended support to the network analytics market is expected to help it grow.
Value Chain Analysis
The global analytics market report depicts that network analytics aims to retain its customers by providing them with a better experience of using the network analysis. The network optimization helps to overcome the threat that comes tagged along with the leaking of the critical information of the organizations. This problem is being majorly solved with the wide adoption of analytic solutions in networking. Also, the users can now secure their confidentiality solutions with the help of network analytic solutions.
Solution and services, end-users, deployment, as well as, organization size are the different network analytics market segments.
Solution and services:
The market segment includes the network intelligence solutions, as well as, the professional and managed services for the users.
The deployment is based on the cloud and on-premises.
Size of the organization:
The network analytics market trends are prevalent to different organization sizes like small, and medium enterprises, as well as, large businesses.
The end-users of the market are inclusive of the communication service providers (CSP), BFSI, healthcare and government sector, media and entertainment industry, cloud service, and managed service providers.
The network analytics industry includes the regions like North America, and Europe, Asian-Pacific regions, along the rest of the world. North America is expected to have the largest share in the market by the end of the forecast year to 2022. The main reason behind this is the wide adoption and implementation of these solutions. Also, the North American government is investing in making the scalable infrastructure available, leading to higher technology adoption on a worldwide scale. Also, the network analytics market trends are expected to undergo a steady growth in the European market.
A positive quantum of growth is also expected by the Asian-Pacific regions. This is a result of factors like the rising in smartphone penetration, investment in infrastructure on a large scale by both the cloud, as well as, the managed service providers. All these geographical regions, as well as, the growth strategies taken by them, will help the market to reach a global valuation worth USD 3.1 billion.
The projected growth of the network analytics market is a result of the inputs in terms of product portfolio launches, and developments, undertaken by the key market players of both the regional and global landscape. These include:
These companies are adopting growth strategies on a large scale to increase their domination in the market. These growth strategies are both organic, and inorganic, and are being adopted to improve to strengthen the market operations by the end of the future forecast year of 2022.
Recent Developments of the Network Analytics Market
The global network analytics market analysis aims to provide detailed information about the market structure and predict a growth forecast of its segments, and sub-segments. The report aims to provide the historic, and future forecast revenues that apply to different market companies, and their segments, functioning in 4 main geographical locations of the world, are Asian-Pacific nations, Europe, North America, as well as, the rest of the world.
The report also discusses the track taken by the key market players to ace in the competition by entering into joint ventures, company mergers, takeovers, as well as, acquisitions. Some of the companies are also working on their product portfolio and investing in key areas like research, and development, by collaborating with the government sector. The report also predicts an excellent CAGR growth and market valuation, by the end of the global forecast to 2022.
Frequently Asked Questions (FAQ) :
the global network analytics market is projected to reach a market value of USD 3.1 billion by 2022.
The global market for network analytics is expected to witness a high CAGR of 22% over the forecast period.
The managed services segment is predicted to dominate the market with significant growth over the review period.
North America is estimated to lead the global network analytics market over the forecast period, due to the high adoption of network analytics solutions.
The prominent players in the Network Analytics market are Cisco Systems, Inc. (U.S.), HP (U.S.), Juniper Networks (U.S.), IBM Corporation (U.S.), Bradford Networks, Inc. (U.S.), Tibco Software (U.S.) Allot Communication (Israel), among others.