ID: MRFR/SEM/3176-HCR | February 2023 | Region: Global | 100 Pages
Network Traffic Analyzer Market will exhibit a CAGR of 10.20% in the forecast period of 2017-2023 and is expected to reach USD 4.72 Billion by 2023
$4.72 Billion
10.20%
North America
2017-2023
Regionally, North America accounted for the largest market share from countries such U.S., Canada, and Mexico among others. The reason is attributed to the growing demand for high technology adoption in developed network infrastructure in the region. However, Asia Pacific is expected to be the fastest growing over the forecast period, 2017-2023.
The network traffic analyzer market can be bifurcated into analysis techniques, solutions and services, deployment type, organization size and end-user, and region. Based on analysis techniques, the market is segmented into router-based and non-router based. Based on deployment type, the market is segmented into cloud and on-premises deployment types. Large enterprises and small and medium-sized enterprises are the organization size segment of the network traffic analyzer market. Enterprises, service providers, and data centers are the end-users covered under this study. Government, retail, healthcare, education, and others are the end-use industries comes under the enterprise segment. Cloud service providers, communication service providers, internet service providers, and cable network providers are the different service providers segments of the network traffic analyzer market.
Geographically, the market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. The regional segment is further bifurcated into U.S., Canada, Mexico, UK, France, Germany, China, Japan, and India. The booming IT industry coupled with increasing cloud facilities in North America helps to grow the network traffic analyzer demand in North America. Asia Pacific is expected to be the fastest-growing market due to the increasing industrialization and cloud services in emerging countries like India and Japan.
The global network traffic analyzer market is highly competitive. Various established international brands, domestic brands, and as well as new entrants form a competitive landscape. The key players are nonstop increasingly seeking market expansion through various strategic mergers and acquisitions, innovation, increasing investments in research and development, and a cost-effective software portfolio. The network traffic analyzer market is highly competitive due to the presence of several large vendors. Network Traffic Analyzer Market:
Intended Audience
Network Traffic Analyzer Market is set to grow at a CAGR of 10.20% to hit USD 4.72 Billion by 2023
Key contenders profiled are Cisco Systems, SolarWinds, NETSCOUT SYSTEMS, CA Technologies, Ipswitch, ManageEngine, Plixer, Colasoft, HPE, Nokia, Kentik, Genie Networks
North America will lead the global market.
High technology adoption is driving the market growth.