Network Analytics Market, By Component (Services, Network Intelligence Solutions), By Application (Customer Analysis, Risk Management and Fault Detection, Network Performance Management, Compliance Management, Quality Management, Others), By Deployment Type (On- Premises, Cloud), By Organization Size (Small and Medium-Sized Enterprises, Large Enterprises), By End-User (Managed Service Providers, Cloud Service Providers, Telecom Service Providers, Media and Entertainment, Government, Healthcare, BFSI, Communication Service Provider, Others), By Region – Global Analysis Forecast Till 2030

Network Analytics Market Anticipated to Garner USD 4.6 Billion at a CAGR of 23.6% by 2030

The ability to plan and manage network capacity is network analytics, a big data application and technology handles a major priority for managing data networks' security. Bring your own device (BYOD) trends have emerged in several industrial sectors, leading to increased exploitation of private information and unethical behaviour. These undesirable actions are all under the control of network analytics.

Additionally, it offers details on the network-accessible devices' functionality and connectivity. In-depth knowledge on how a business uses its network and how well it functions within is also provided. Increased use of network analytics across a range of enterprises is anticipated as a result of a significant move towards digitalization.

Network analytics involves the examination and evaluation of various data sets to gain insights and make informed decisions about network performance and security. One specific area of focus is WiFi analytics, which delves into the assessment of wireless networks to optimize their efficiency and troubleshoot any issues. To ensure a safe environment, secure network analytics analyzes network traffic and employs advanced algorithms to identify potential threats and vulnerabilities. On the other hand, network traffic analytics scrutinizes data packets to understand network behavior and usage patterns, aiding in capacity planning and resource allocation. To bolster overall network security, organizations leverage network security analytics, which employs sophisticated techniques to detect and respond to potential breaches. Additionally, WiFi analysis software plays a crucial role in capturing and analyzing data to provide valuable insights and optimize the performance of wireless networks.

Market Dynamics

Drivers:

One of the key factors fueling the growth of the network analytics market is the explosion in data consumption among businesses worldwide. The market is growing quickly due to the increased attention on managing network complexity brought on by the introduction of new technologies like 5G, IoT, and cloud as well as changes in traffic patterns. The availability of low-cost services and cutting-edge knowledge provided by data servicing firms, as well as the increase in SDN integration with current network infrastructures, significantly impact the industry. Additionally, the network analytics market is positively impacted by increased system availability, rapid digitalization, and integration of cutting-edge technologies, rise in Internet of Things adoption, and rise in the number of connected devices.

Opportunity:

The adoption of new technologies like 5G, the Internet of Things (IoT), and the cloud, as well as the rise in data volume brought on by shifting traffic patterns, are just a few of the factors that contribute to the network's increased complexity and that fuel the global market for network analytics. Additionally, the market is growing due to the increased usage of SDN (software-defined networks) integration with older systems. However, the global expansion of the network analytics market is constrained by the lack of funding in small-scale businesses and the high capital and operating expenses (COPEX) of network intelligence solutions. In the future, there are projected to be many opportunities in the network analytics market due to the growing demand for real-time network analysis and the increase in connected devices.

Key players:

• IBM Corporation,

• Accenture PLC,

• Cisco Systems, Inc.,

• Brocade Communications Systems, Inc.,

• Bradford Networks,

• Juniper Networks,

• Alcatel-Lucent,

• Tibco Software,

• SAS Institute, Inc.,

• Kitewheel.

• And Others

Market Segmentation:

By Components:

• Network Intelligence Solutions

• Services (Professional Services, Managed Services)

By Application:

• Customer Analysis

• Risk Management

• Fault Detection

• Network Performance Management

• Compliance Management

• Others {Network Control & Optimization, Network Design & Capacity, and, Threat Management

By Deployment:

• On-premises

• Cloud

By Organization Size:

• SMEs

• Large Enterprises

By End-User:

• Cloud Service Providers

• Managed Service Providers

• Telecom Providers

• Others (Internet Service Providers, Satellite Communication Providers, and Cabel Network Providers

By Region:

• North America

• Europe

• Middle East & Africa

• the Asia Pacific

• South America

Regional Analysis:

The network analytics industry covers geographies such as North America, Asia Pacific, Europe and Rest of the World. However, North America is expected to hold the largest share of the Network Analytics Market by the end of the forecast year, 2022. The main reason for this is these solutions' widespread adoption and implementation.

Additionally, North American governments are investing in enabling scalable infrastructure to drive higher technology adoption worldwide. Additionally, network analytics market trends are expected to grow steadily in the European Network Analytics Market.

Positive growth is also expected in the Asia Pacific region. This results from factors such as increasing smartphone penetration and large infrastructure investments by cloud and managed service providers. These geographic regions and their growth strategies will help the network analytics market reach a global value of USD xx billion.

Scope of the Report:

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