June 17, 2021
According to the research report titled ‘GLOBAL Network Traffic Analytics Market 2019-2028‘, available with Market Study Report, global network traffic analytics market is expected to register 23.05% CAGR over 2019-2028.
Preference for continuous visibility into the network, along with surging awareness of cybersecurity & its regulations are driving the growth of worldwide network traffic analytics industry. Additionally, factors like surging attacks of Distributed Denial of Service (DDOS) and ransomware, coupled with increasing expenditure on cybersecurity, and growing IoT connections are encouraging the adoption of network traffic analytics.
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On the contrary, easily available open-source analytics solutions as well as dearth of skilled experts are likely to confine the industry expansion.
In terms of component, the marketspace consists of services, and solutions. Speaking of deployment model, worldwide network traffic analytics industry is classified into on-premise, and cloud. While large enterprises, and small & medium enterprises are two enterprise size categories considered in the report. Based on end user terrain, the industry is divided into data center, enterprises, and service-providers.
Moving on to regional ambit, Asia Pacific network traffic analytics market value is touted to grow momentously over the analysis timeframe, accredited to increasing discretionary income, surging adoption of internet and smartphones, and increasing cases of cyberattacks.
In addition, other regions like North America, Latin America, Middle East & Africa, and Europe are also thoroughly analyzed in order to provide insights about prevailing trends, while recommending profitable investment opportunities.
Well-established organizations which define the competitive terrain of global network traffic analytics business vertical are Juniper Networks Inc., SolarWinds Worldwide LLC, Allot Ltd., Microsoft Corporation, Infovista, Cisco Systems Inc., International Business Machines Corporation, Huawei Technologies Co. Ltd., Broadcom Inc., LogRhythm Inc., Nokia Corporation, Flowmon Networks, Genie Networks Ltd., Kentik, and Palo Alto Networks Inc. among others.