The global network analytics market size is expected to reach close to US$ 14.4 Bn by 2029 with an annualized growth rate of 19.3% through the projected period.
The growing adoption of cloud computing technologies across different sectors is anticipated to increase demand for network analytics industry worldwide. Implanting network solutions prohibit infrastructure delays and probable deployment issues in the organization. Moreover, the rising need for network optimization owing to the increase in network traffic, up-gradation of technologies, and low business risks, is likely to fuel the growth of the network analytics market in the coming years.
Network analytics solutions predominantly find use in the sectors including cloud service providers, healthcare, telecom & BFSI. Telecom analytics delivers large-scaled analytical models and technology solutions to analyze the complete scenario via network analytics required for the communication service providers. Other factors for the market growth such as enhanced quality of experience maintenance and network traffic, and targeted marketing, etc. are likely to drive the demand over the forecast period.
Key Market Drivers and Restraints:
Growth in Software Defined Networking (SDN) integration within current network infrastructures is expected to drive the market over the forecast period.
Network administrators from datacentre and telecom have automated their infrastructure using a network analytics solution. They are better equipped to dimension their complex networks and plan capacity with relevant insights and deep understanding. A network analytics solution can transform and facilitate in reducing operating expenses. It has found a range of usage cases in resource planning & optimization, security, service assurance, resource planning, and more.
The businesses that comprise data criticality or can afford high cost choose on-premise services since the deployment of these services requires self-owned data centers and vast infrastructures. Hence, large organizations select on-premises deployment compared to cloud services. On-premises deployment needs devoted IT staff for support & maintenance, high-end networking, and IT infrastructure, and also enable better hold over data and system. However, it possesses certain drawbacks such as heavy deployment costs, and hence, restrict SMBs to implement into their businesses.
Risk management & fault detection is one of the emerging applications for Network Analytics Market
Based on application, the network analytics industry is classified into, risk management and fault detection, network performance management, customer analysis, compliance management, quality management, and others. The rising investments towards the expansion of a digital economy that includes improving urban and rural broadband connectivity, assisting in facilities for technological advancements, etc. shall drive the global demand for the network analytics industry.
Regional Market Scenario:
North America holds the largest market share for network analytics
North America is likely to possess the largest share over the forecast period owing to the rapid adoption of advanced technologies in the region. Additionally, countries such as the U.S. and Canada are at the forefront of contributing to technological advancements. The U.S. is anticipated to hold the largest market share for the network analytics industry due to the large-scale adoption of network analytics systems by enterprises in the nation.
The high pace of infrastructure expansion in the U.S., backed by the growth in artificial intelligence, the internet of things, cloud computing, and machine learning can be accredited to the growth of the industry within the nation. The U.S. organizations are investing heavily in network analytics to deliver enhanced customer experience and facilitate network efficiency by gaining insights via network traffic. About 65% of the vendors within the network analytics industry have their headquarters located in North America, which makes the region competent in the industry.
Key Market Players
- SAS Institute
- TIBCO Software
- Juniper Networks
- Nivid Technologies
network analytics market Scope
|Forecast Unit||Value (USD)|
|Revenue forecast in 2032||US$ 14.4 Bn|
|Growth Rate||CAGR of 19.3 % during 2022-2032|
|Segment Covered||By Components, By Application, Regions|
|Regions Covered||North America, Europe, Asia Pacific, South America, Middle East and Africa|
|Key Players Profiled||ricsson, Huawei, Cisco, Nokia, and Netscout, & others|
Market Segments: Network Analytics Market
- By Application
- Customer Analysis
- Risk Management & Fault Detection
- Network Performance Management
- Compliance Management
- Quality Management
- By Deployment
- By End Users
- Cloud Service Providers
- Managed Service Providers
- Telecom Service Providers
- By Region
- North America
- Asia Pacific
- South America
- The Middle East and Africa
- North America
- Industry Associations
- Patent Websites
- Company Annual Reports
- Company Websites
- Key industry leaders
- Technology consultants
- Datacentre service providers
- Hardware OEMs
- System Integrators
- BFSI experts
Key Questions Answered
- What are the key growth regions and countries?
- What are the important types and technologies being used?
- What are the market players doing, in terms of research and development?
- Which are the new applications for this market?
- What are the integrations happening?
- What are the recent news, developments, mergers, or large value deals?
- Raw material/component suppliers
- Products & solution providers
- Regulatory Authorities
- Research and Innovation Organizations
- Suppliers and Distributors
- Other Channel Partners
- Environmental Authorities