During the forecast period, the global network analytics market is thriving at a Compound Annual Growth Rate (CAGR) of 19.5%. It has begun the forecast period in 2023 with a market valuation of US$ 2,948.0 million. It is anticipated to end the forecast period with a market value of US$ 17,555.5 million by 2033.
Several drivers contribute to this remarkable growth and success of the network analytics market. Increasing adoption of advanced networking technologies and the need for efficient network performance optimization are driving organizations to seek network analytics solutions. The growing complexity of network infrastructure, along with the rise in cybersecurity threats, fuels the demand for advanced analytics capabilities to detect and mitigate potential risks. Additionally, the exponential growth of digital applications and services requires robust network monitoring and proactive management, leading to the adoption of network analytics tools. Technological advancements, such as artificial intelligence and machine learning, are enhancing the capabilities of network analytics solutions, providing organizations with actionable insights and predictive analytics. Furthermore, the increasing focus on digital transformation and data-driven decision-making further accelerates the demand for network analytics solutions across various industries.
All these factors have combined to show that the North American region is the leading holder of market share as of 2022, and the on-premises segment will likely dominate the market with a CAGR of 19.2% in the forecast period from 2023 to 2033 based on deployment type.
Empower Your Mind: Access Valuable Insights Sample. https://www.futuremarketinsights.com/reports/sample/rep-gb-14984
Key Takeaways:
- The North American region holds a significant market share of 28.7% in the network analytics market in 2022, reflecting the region’s strong adoption of advanced network analytics solutions.
- The European region commands a notable market share of 23.8% in the network analytics market in 2022, highlighting the region’s emphasis on leveraging data-driven insights to manage and enhance network infrastructure.
- The United States contributes significantly to the network analytics market with a market share of 20.4% in 2022, indicating the country’s prominent role in driving technological advancements and digital transformation.
- Germany maintains a market share of 9.1% in the network analytics market in 2022, emphasizing the country’s focus on leveraging advanced analytics to manage and secure complex network environments.
- Japan accounts for 5.8% of the market share in the network analytics market in 2022, reflecting the country’s commitment to innovation and technological excellence.
- Australia contributes to the network analytics market with a market share of 2.7% in 2022, underscoring the country’s recognition of the value of network visibility and analytics in managing network infrastructure.
- China exhibits an impressive compound annual growth rate (CAGR) of 20.3% in the network analytics market in 2022, reflecting the country’s rapid digital transformation and increasing adoption of advanced networking technologies.
- India experiences a robust CAGR of 22.4% in the network analytics market in 2022, indicating the country’s growing emphasis on leveraging data-driven insights for network optimization and performance management.
- The United Kingdom showcases a remarkable CAGR of 18.3% in the network analytics market in 2022, reflecting the country’s increasing reliance on network analytics to manage and secure network infrastructure.
Competitive Landscape:
Multiple competitor industries are directing their focus on market expansion to generate revenue and enhance their market position. Both manufacturing and various end-use companies are expected to experience growth in the network analytics market. Noteworthy participants in this market segment include Ericsson, Huawei, Cisco, Nokia, and Netscout, among others, as indicated by market surveys. These companies are projected to contribute significantly to the development of network analytics trends in the foreseeable future, spanning from 2023 to 2033.
Empower Your Strategy: Get Your Tailored Report on Regional Data and Competitor Landscape.
https://www.futuremarketinsights.com/customization-available/rep-gb-14984
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
Don’t Miss Out on Expertise: Grab Your Copy of the Report Now! https://www.futuremarketinsights.com/checkout/14984
Author:
Sudip Saha is the managing director and co-founder at Future Market Insights, an award-winning market research and consulting firm. Sudip is committed to shaping the market research industry with credible solutions and constantly makes a buzz in the media with his thought leadership. His vast experience in market research and project management a consumer electronics will likely remain the leading end-use sector cross verticals in APAC, EMEA, and the Americas reflects his growth-oriented approach to clients.
He is a strong believer and proponent of innovation-based solutions, emphasizing customized solutions to meet one client’s requirements at a time. His foresightedness and visionary approach recently got him recognized as the ‘Global Icon in Business Consulting’ at the ET Inspiring Leaders Awards 2022.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube