Global Network Analytics Market, By Component (Network Intelligence Solutions, Services), Application (Customer Analysis, Risk Management and Fault Detection, Network Performance Management, Compliance Management, Quality Management, Others), Deployment Type (On- Premises, Cloud), Organization Size (Small and Medium-Sized Enterprises, Large Enterprises), End-User (Cloud Service Providers, Managed Service Providers, Telecom Service Providers, Media and Entertainment, Government, Healthcare, BFSI, Communication Service Provider, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) - Industry Trends and Forecast to 2029
Market Analysis and Insights Global Network Analytics Market
The network analytics market is expected to witness market growth at a rate of 22.90% in the forecast period of 2022 to 2029. Data Bridge Market Research report network analytics market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in end user verticals globally is escalating the growth of network analytics market.
Network analytics refer to type of analytics generally designed for enterprises and organizations in order to collect data and analyze them. The information enhances performance and security of the network. They are widely utilized in industries such as healthcare, BFSI, service provider, and telecom service provider, among others.
The surge in data consumptions among organizations across the globe acts as one of the major factors driving the growth of network analytics market. The high focus on addressing network complexity due to the advent of new technologies, such as 5G, IoT, and cloud, and changes in traffic patterns accelerate the market growth. The availability of cost-effective services and cutting-edge expertise rendered by data servicing companies, and rise in Sdn integration with existing network infrastructures further influence the market. Additionally, increase system availability, rapid digitization, integration of advanced technologies, rise in the adoption of Internet of things, and increase in the number of connected devices positively affect the network analytics market. Furthermore, increase in demand for real-time network analytics extend profitable opportunities to the market players in the forecast period of 2022 to 2029.
On the other hand, high CAPEX and OPEX, and issues with maintaining the quality of service are expected to obstruct the market growth. Lack of budget among SMEs, and privacy and security concerns are projected to challenge the network analytics market in the forecast period of 2022-2029.
This network analytics market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on network analytics market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Network Analytics Market Scope and Market Size
The network analytics market is segmented on the basis of component, application, deployment type, and end-users. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of component, the network analytics market is further segmented into network intelligence solutions and services. Services are further segmented into professional services and managed services. The professional services are further sub-segmented into consulting services and support and maintenance services.
- On the basis of application, the network analytics market is divided 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 is further segmented into on-premise and cloud.
- On the basis of end-users, the network analytics market is further segmented into cloud service providers, managed service providers, telecom service providers, media and entertainment, government, healthcare, BFSI, communication service provider and others.
Network Analytics Market Country Level Analysis
The network analytics market is analyzed and market size, volume information is provided by country, component, application, deployment type, and end-users as referenced above.
The countries covered in the network analytics market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America dominates the network analytics market due to the wide adoption and implementation of these solutions within the region. Asia-Pacific is expected to witness highest growth during the forecast period of 2022 to 2029 because of the rise in in smartphone penetration and investment in infrastructure on a large scale in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Network Analytics Market Share Analysis
The network analytics market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to network analytics market.
Some of the major players operating in the network analytics market report are Telefonaktiebolaget LM Ericsson, Huawei Technologies Co., Ltd., Cisco Systems, Inc., Nokia, NETSCOUT, Accenture, IBM Corporation, Juniper Networks, Inc., SevOne, SAS Institute Inc., Sandvine, Fortinet, Inc., TIBCO Software Inc., Broadcom, NIVID Technologies, Extreme Networks, Ciena Corporation, and NetVelocity.net among others.
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