Network Emulator Market Analysis

Network Emulator Market Analysis

With respect to component, the hardware segment captured more than 75% market share in 2022, due to the rising demand for robust network emulators across large enterprises and increasing need to assess network performance will positively impact the market expansion.

Based on applications, the cloud application segment is poised to register more than 5% CAGR through 2032, propelled by increasing adoption of cloud computing services by companies. The network emulators help to emulate the network carrying large volumes of data transmitted by services providers as well as evaluate the performance.
 

The need for enhanced security has increased across the BFSI sector with growing digitization and modernization, further driving the demand for network emulators. The BFSI sector is expected to expand at over 10% CAGR through 2032. As network emulators facilitate network infrastructure development that supports deliverable services with increased security, their demand is expected to rise across the banking and financial institutions business arena in the coming years.
 

From the regional viewpoint, the Europe network emulator market generated a revenue of more than USD 40 million in 2022, attributed to increasing collaboration of companies in the region to develop integrated solutions. That apart, rising adoption of IoT technology and development across the telecom sector will also play a central role in the regional market growth.