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Network Traffic Analytics Market Size

Report ID: GMI2818
Published Date: Aug 2020
Report Format: PDF

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Network Traffic Analytics Market Size

Network Traffic Analytics Market size exceeded USD 1.5 billion in 2019 and is estimated to grow at over 17% CAGR between 2020 and 2026.

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The industry is forecast to undergo a dynamic transition due to an increase in the deployment of various IT solutions and a steep rise in security risks in verticals such as IT & telecom, retails, banks, financial institutions, and healthcare. Rising competition has pressurized enterprises in deploying network monitoring systems to ensure a competitive edge in a dynamic market.

Network Traffic Analytics Market Report Attributes
Report Attribute	Details
Base Year:	2019
Network Traffic Analytics Market Size in 2019:	1.5 Billion (USD)
Forecast Period:	2020 to 2026
Forecast Period 2020 to 2026 CAGR:	17%
2026 Value Projection:	4.5 Billion (USD)
Historical Data for:	2015 to 2018
No. of Pages:	300
Tables, Charts & Figures:	471
Segments covered:	Component, Deployment Model, End-use, and Region
Growth Drivers:	Advancement in network infrastructure Rise in the amount of DDoS attacks Growth in the adoption of IoT and BYOD and connected devices Exponential rise in the cloud traffic worldwide Increasing demand for IT budget in security sector Development and growth of SaaS-enabled network traffic analytics solutions
Pitfalls & Challenges:	High initial investment related with network traffic analyzer tools Accessibility to free network traffic analysis tools Operators inefficiency to choose the network traffic analytics solution as per their business requirement

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Moreover, the growing stress on networking infrastructure due to work-from-home policies amid the COVID-19 outbreak has also assisted in market growth. For instance, in March 2020, Cloudflare reported an additional stress of over 25% on global fixed and wireless networks after the imposition of global quarantine policies. The amount of data traffic transmitted over networks is witnessing a rapid spike and is expected to propel the market revenue globally.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of network traffic analytics was valued at USD 1.5 billion in 2019.

The industry share of network traffic analytics is projected to witness over 17% CAGR during 2020-2026.

The coronavirus crisis has led to a significant rise in demand for network traffic analytics solutions due to increasing data transmissions on various networks amid work from home policy globally.

Increasing numbers of data centers along with presence of high speed network infrastructure will fuel the regional demand. The regional cloud based network traffic analytics market is expected to witness a CAGR of 25% through 2026.

Accenture Plc, Ascom Holdings, Allot Communication, Cisco Systems, Inc., Bradford Networks, Genie Networks, Flowmon, Inc., IBM Corporation, Huawei, Juniper Networks, Microsoft Corporation, Kentik, Netmon, Inc., Netreo, Inc., Palo Alto Networks, Nokia Networks, Plixer, Symantec (Broadcom), and Zenoss are some of the key industry participants.

Europe has a strong market presence due to strict cybersecurity policies and rapid adoption of network traffic monitoring solutions by SMEs. The regional held 25% of the global share in 2019.