Network analytics plays a vital role in monitoring, managing, and optimizing network performance. Its applications encompass network security, capacity planning, troubleshooting, and performance optimization. Key features include real-time monitoring, traffic analysis, anomaly detection, and predictive insights. Network analytics identifies network bottlenecks, optimizes resource allocation, detects security threats, and enhances network reliability and efficiency. It provides valuable insights into network behavior, user experience, and application performance, enabling organizations to make informed decisions, improve network operations, and deliver seamless connectivity for better user satisfaction.
According to Data Bridge Market Research, the Global Network Analytics Market is expected to grow with a CAGR of 22.90% in the forecast period of 2022 to 2029.
“High focus on addressing network complexity boosts the market’s growth”
The growth of the network analytics market is driven by a high focus on addressing network complexity. As networks become increasingly complex with the rise of cloud computing, IoT devices, and digital transformation initiatives, organizations are recognizing the need for advanced analytics solutions to monitor, manage, and optimize network performance. Network analytics provides valuable insights into network behavior, traffic patterns, and security threats, enabling proactive decision-making and efficient network operations. The market's growth is fuelled by the growing demand for network intelligence and the need to enhance network efficiency, reliability, and security.
What restraints the growth of the global network analytics market?
“Privacy and security concerns restraints the market’s growth”
The growth of the network analytics market is constrained by privacy and security concerns. Network analytics involves collecting and analysing large volumes of data, which raises concerns about the privacy of sensitive information. Additionally, as network analytics solutions access and process network data, there is a risk of unauthorized access and potential security breaches. These concerns hinder the adoption of network analytics solutions, particularly in industries that handle highly sensitive data. Addressing privacy and security issues through robust data protection measures and compliance with regulations is crucial for unlocking the full potential of the network analytics market.
Segmentation: Global Network Analytics Market
The global network analytics market is segmented on the basis of component, application, deployment type, organization size, and end-users.
- On the basis of component, the network analytics market has been segmented into network intelligence solutions and services.
- On the basis application, the network analytics market has been segmented into customer analysis, risk management and fault detection, network performance management, compliance management, quality management, and others.
- On the basis of deployment type, the network analytics market has been segmented into on-premise and cloud.
- On the basis of organization size, the network analytics market has been segmented into small and medium-sized enterprises, and large enterprises.
- On the basis of end-users, the network analytics market has been segmented into cloud service providers, managed service providers, telecom service providers, media and entertainment, government, healthcare, BFSI, communication service provider, and others.
Regional Insights: North America dominates the Global Network Analytics Market
North America dominates the network analytics market because of its wide adoption and implementation. With the increasing penetration of smartphones and significant investments in infrastructure, the region is poised for substantial growth during the forecast period of 2022 to 2029. The demand for network analytics solutions is fueled by the need to optimize network performance and enhance operational efficiency in a rapidly evolving digital landscape.
Asia-Pacific is expected to witness the highest growth during the forecast period of 2022 to 2029. The growth in the region is driven by the increasing smartphone penetration and substantial investments in infrastructure development. The widespread availability of smartphones and improved infrastructure, such as network connectivity and data services, has created a favorable environment for the adoption and usage of technology, fueling the region's growth in various industries and sectors.
To know more about the study visit, https://www.databridgemarketresearch.com/ar/reports/global-network-analytics-market
The Prominent Key Players Operating in the Global Network Analytics Market Include:
- Telefonaktiebolaget LM Ericsson (Sweden)
- Huawei Technologies Co., Ltd. (China)
- Cisco Systems, Inc. (U.S.)
- Nokia (Finland)
- NETSCOUT (U.S.)
- Accenture (Ireland)
- IBM Corporation (U.S.)
- Juniper Networks, Inc. (U.S.)
- SevOne (U.S.)
- SAS Institute Inc. (U.S.)
- Sandvine (Canada)
- Fortinet, Inc. (U.S.)
- TIBCO Software Inc. (U.S.)
- Broadcom (U.S.)
- NIVID Technologies (U.S.)
- Extreme Networks (U.S.)
- Ciena Corporation (U.S.)
- NetVelocity.net (India)
Above are the key players covered in the report, to know about more and exhaustive list of global network analytics market companies contact, https://www.databridgemarketresearch.com/ar/contact
Research Methodology: Global Network Analytics Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
