From 2022 to 2032, the market for network analytics is anticipated to expand at a CAGR of 19.3%. In 2022, the market share is probably going to increase to $2,5 billion USD.
Network analytics are expected to have a market value of US$ 14.4 Bn by 2032 due to increasing demand from IT companies for purposes such as forensic investigation, performance optimisation, traffic prediction, and network security network improvement.
“The demand for network analytics applications is likely to increase because they can effectively counter security threats by detecting and preventing errors. During the forecast period from 2022 to 2032, network analytics adoption is likely to increase in order to make better business decisions.
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The network analytics market refers to the use of advanced analytics techniques to monitor and optimize network performance, security, and user experience. Network analytics can help organizations to detect and prevent network failures, optimize network traffic, and identify and mitigate security threats.
The market for network analytics is driven by the increasing complexity of network infrastructures and the growing need for real-time visibility and control over network operations. This is especially true in industries such as telecommunications, banking, and healthcare, where network downtime or security breaches can have significant financial and reputational consequences.
There are several types of network analytics, including network traffic analysis, network performance monitoring, and network security analytics. These techniques can be used to analyze data from a variety of sources, including network devices, applications, and user behavior.
How is the Competition in the Network Analytics Market?
Several key competitor industries are pointing the center of attention towards the market growth to acquire revenue and improve the market. The manufacturing & several end-use companies are anticipated to rise in the network analytics market trends.
Some of the end user companies are
- Ericsson,
- Huawei,
- Cisco,
- Nokia, and
- Netscout,
& others are playing a key role as per the market survey.
These companies are estimated to boost the network analytics future trends during the forecast period from 2022 to 2032.
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The network analytics market is expected to continue growing in the coming years, driven by factors such as the increasing adoption of cloud-based services and the growing use of IoT devices. The market is also being driven by the development of new technologies, such as machine learning and artificial intelligence, which can help to automate network analysis and improve the accuracy of predictions and recommendations.
However, the market also faces challenges such as the high cost of implementing network analytics solutions and the need for skilled personnel to analyze and interpret the data. Additionally, there is a need for standardization and interoperability between different network analytics solutions to ensure seamless integration and maximum benefit for organizations.
Key Segments
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
- Asia-Pacific
- Europe
- Middle East & Africa
- Latin America
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Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Summary of Statistics
1.3. Key Market Characteristics & Attributes
1.4. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Risks and Trends Assessment
3.1. Risk Assessment
3.1.1. COVID-19 Crisis and Impact on Network Analytics Demand
3.1.2. COVID-19 Impact Benchmark with Previous Crisis
3.1.3. Impact on Market Value (US$ Mn)
3.1.4. Assessment by Key Countries
3.1.5. Assessment by Key Market Segments
3.1.6. Action Points and Recommendation for Suppliers
3.2. Key Trends Impacting the Market
3.3. Formulation and Product Development Trends
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