Report Ocean introduces a fresh report examining the Network Analytics Market, encompassing its size, share, growth, industry trends, and forecast up to 2032. This comprehensive analysis delves into various industry components and growth patterns that offer valuable insights for anticipating the market’s future trajectory.
Obtain a comprehensive report on the Network Analytics Market, which includes a full table of contents, over 200 tables and figures, and charts. The report provides precise information on the market before and after the COVID-19 outbreak, segmented by region.
Global Network Analytics Market is valued at approximately USD 2.10 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 20.50% over the forecast period 2022-2029. Network analytics is the set of big data principles and tools to the data used to direct and secure data networks. Network analytics is most useful for organizations with complicated networks, congested networks, or high-security requirements. Therefore, large enterprises are more likely to use network analytics extensively than small businesses. Network Analytics can be used by IT departments to improve security, optimize performance, troubleshoot subtle issues, predict traffic trends, identify potential problems, and perform comprehensive forensic investigations and audits. Adoption Of New Technologies such as 5G and IoT and Increase in Global IP traffic are the major factors driving the growth of the market.
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According to IDC’s 2021 Global Survey of IT Leaders, the biggest challenges in building a resilient digital infrastructure are performance and security issues across many critical workloads and the use of cloud services and the cost and complexity of management, the difficulty of updating IT. According to the Report, the network analytics market is to grow to US$2.5 Bn in 2022 and is expected to reach US$14.4 Bn by 2032. Some various factors are driving network growth, such as increasing network complexity due to the introduction of new technologies such as 5G, Internet of Things (IoT), and cloud, and increasing data volume due to changing traffic patterns along with increasing global IP traffic and increasing adoption of Software-Defined Network (SDN) integration with legacy systems will also one factor for driving growth of the market. Although the rising demand for real-time network analytics and the growing number of connected devices creating a need for network analytics solutions are likely to bring many opportunities in the network analytics market in the future. However, the Lack of budgets of SMEs and high capital expenditures (COPEX) and operating expenses (OPEX) for network intelligence solutions are restraining the growth of the network analytics market worldwide.
The key regions considered for the Global Network Analytics Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the network analytics market share in the forecast period from 2022-2029. Owing to the large-scale implementation of network analytics tools by enterprises and organizations in the country and with the growth of Artificial Intelligence (AL), Machine Learning (ML), and the Internet of things (IOT), the US will continue to dominate the market. Asia Pacific is expected to grow with the highest CAGR during the forecast period, owing to factors such as rising geriatric and target populations, an increase in technology, and rapid expansion in nations, such as China, India, Japan, Hongkong are key contributors to region’s network analytics market.
Major market players included in this report are:
Cisco Systems, INC.
Broadcom Inc.
International Business Machines Corp.Nokia Corporation
Statistical Analysis System (SAS) Institute Inc.
Accenture Plc
SevOne Inc.
Huawei Technologies Co. Ltd.
Juniper Networks Inc.
Microsoft Corporations
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below.
By Component:
Network Intelligence Solution
Services
By Application:
Customer Analysis
Risk Management and Fault Detection
Network Performance Management
Compliance Management
Quality Management
Others
By End User:
Cloud Service provider
Managed Services provider
Telecom Service provider
Others
By Deployment mode:
Cloud
On-premises
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Reasons to Consider Purchasing the Network Analytics Market Report:
Comprehensive Market Insights: Delve into the depths of the Network Analytics Market Report to gain an all-encompassing and meticulous analysis of the market landscape. Uncover details such as market size, share, trends, and growth catalysts, which provide invaluable perspectives on both the present market scenario and its promising future prospects.
Reliable Projections: Rely on the report’s dependable forecasts and projections, which are underpinned by rigorous research methodologies, insights into industry expenditures, and assessments of market expansion rates. These foresights empower businesses to make well-informed decisions and chart out effective strategies for the times ahead.
In-depth Competition Analysis: Equip yourself with an extensive evaluation of key market players, their array of products, and the strategies they employ. This comprehensive understanding arms businesses with the knowledge needed to not only comprehend their rivals but also to craft strategies that position them ahead in the dynamic market arena.
Clear Market Scope and Segmentation: Gain clarity on the broad expanse of the market through the report’s clear delineation of market scope. With detailed insights into diverse market segments and their growth potential, businesses can discern and capitalize on opportunities that align with their objectives.
Insightful Regional Examination: Assess the market’s performance across different regions, enabling enterprises to pinpoint lucrative markets and tailor their approaches accordingly. With region-specific insights, businesses can adapt strategies that resonate with the unique dynamics of each area.
Evaluation of Industry Technology: Grasp the pulse of technological progress within the Network Analytics market. The report dissects cutting-edge advancements and trends, providing businesses with a window into emerging technologies that have the potential to reshape the industry.
Dynamics of Supply and Demand: Acquire a profound comprehension of supply-demand dynamics. This understanding empowers businesses to optimize production, distribution, and inventory management processes, resulting in enhanced operational efficiency.
Informed Investment Decision Making: Leverage the report’s critical information and data-driven insights to facilitate informed investment choices within the Network Analytics market. Equipped with this knowledge, businesses can confidently allocate resources to avenues with the greatest potential for returns.
Unveiling Long-Term Growth Avenues: Through the scrutiny of trends and growth stimulants, the report illuminates the enduring opportunities the Network Analytics market holds. By identifying these sustainable growth prospects, businesses are poised to set a course for lasting success.
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