Global Network Analysis Market - 2023-2030

Global Network Analysis Market - 2023-2030

Global Network Analysis Market reached US$ 2.3 billion in 2022 and is expected to reach US$ 9.4 billion by 2030 growing with a CAGR of 19.4% during the forecast period 2023-2030.

The rising threat of cybercrime in various industries and regions acts as a driving force for the network analytics market. As cyber threats continue to evolve, organizations need robust network analysis solutions to detect and prevent intrusions, identify anomalies, and ensure data security. Furthermore, the adoption of technologies such as artificial intelligence (AI), machine learning (ML), and big data analytics has enhanced the capabilities of network analysis solutions leading to creating prospects for the market in the forecast period.

In North America, there is a growing demand for network analysis in various sectors, including transportation, energy, finance and healthcare which has made the region grow at a tremendous rate covering more than 53.2% globally. Furthermore, the network analysis market in U.S. is growing rapidly due to the increasing demand for data-driven insights and the rising complexity of networks across various industries.

Market Dynamics
Rise of IoT and Machine-to-machine Communications Sensing
The growth in the Internet of Things (IoT) and Machine-to-Machine (M2M) communications has had a significant impact on the network analysis market. One of the key drivers of the network analysis market is the massive amount of data generated by IoT and M2M devices. These devices produce data in real time, providing valuable insights for businesses to make data-driven decisions.

However, managing and analyzing this vast amount of data requires advanced network analysis tools to process, analyze and visualize the data efficiently. Network analysis solutions help organizations monitor and analyze the performance, security and reliability of their networks, ensuring seamless communication and data exchange between IoT and M2M devices.

Adoption of Advanced Technologies
The rising adoption of advanced technologies empowers organizations with more robust, efficient, and intelligent network analysis capabilities. These technologies enable real-time monitoring, anomaly detection, predictive analytics, automation, and enhanced visualization, contributing to the growth of the global network analysis market. Organizations can leverage these advanced solutions to optimize their network operations, enhance security, and deliver superior network performance.

For instance, on 7 June 2023, Network Perception, a pioneer in operational technology (OT) solutions that safeguard mission-critical assets, unveiled its next-generation NP-View platform. This platform offers improved scalability and throughput, enabling OT network path analysis and reporting to be completed more quickly and thoroughly than ever before. Significant performance improvements are provided by the new NP-View platform, version 4.2, which uses a second-generation path analysis algorithm and has faster loading for access rules and object group reporting.

High Cost and Complexity of Data Analysis
The high cost of network anaylsis remained to be the major factor hurdling the global market. Furthermore, the complexity of data involved in network analysis is another major challenge. Networks are dynamic and complex systems, consisting of multiple entities, relationships and interactions. Data for network analysis may come from various sources, such as social media, sensors, IoT devices and other structured or unstructured data.

Analyzing and processing such data can be complex and require sophisticated algorithms and techniques, such as graph theory, machine learning and data visualization. The lack of standardization in data formats, quality and availability can further complicate the analysis process. Organizations may struggle with data integration, data quality assurance and data preprocessing challenges, which can hinder the accuracy and reliability of network analysis results.

COVID-19 Impact Analysis
The COVID-19 pandemic has had a significant impact on various industries worldwide, including the global network analysis market. With lockdowns, travel restrictions, and remote work becoming the norm, organizations and individuals have increasingly relied on digital infrastructure to stay connected. This surge in digital activity has generated a wealth of network data, driving the demand for network analysis tools and solutions.

The pandemic has also caused significant shifts in network traffic patterns. As more people work from home, the demand for reliable and high-speed connectivity has surged. Network analysis tools help monitor and optimize network performance, enabling organizations to manage increased traffic and ensure efficient data transmission.

Segment Analysis
The global network analysis market is segmented based on component, deployment, organization, application, end-user and region.

Growing Investments In Understanding The Dynamics Of Customer Behavior And Preferences
Customer analysis application in the global network analysis market is expected to hold a significant share in the forecast period leading to cover nearly 25.5% globally. Network analysis in customer analysis involves analyzing the relationships and interactions between customers, products and services to identify patterns and insights.

The process helps companies understand the dynamics of customer behavior and preferences and identify opportunities to improve customer experience and loyalty. There are several ways that network analysis can be applied to customer analysis such as customer segmentation, customer influence, customer engagement, customer retention and customer acquisition

Geographical Analysis
North America’s Increasing Demand For Data-Driven Insights And The Rising Complexity Of Networks Across Various Industries
The network analysis market in U.S. is driven by several factors, including the increasing demand for data-driven insights, the rising complexity of networks and the increasing adoption of network analysis tools across various industries. For example, in the transportation sector, network analysis is being used to optimize transportation networks, reduce congestion and improve safety. In the energy sector, network analysis is being used to optimize energy distribution, reduce energy waste and improve resilience.

Another key driver of the network analysis market in U.S. is the increasing adoption of artificial intelligence and machine learning technologies which has made the country contribute more than 85.5% share in the regional market. These technologies are being used to automate the analysis of complex networks, enabling businesses and organizations to gain insights more quickly and efficiently.

Competitive Landscape
The major global players in the market include Cisco Systems Inc, IBM Corporation, Microsoft Corporation, SAS Institute Inc oracle Corporation, Splunk Inc, Riverbed Technology Inc, NetScout Systems Inc, Ixia and SolarWinds Inc.

Why Purchase the Report?
• To visualize the global network analysis market segmentation based on component, deployment, organization, application, end-user and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of network analysis market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as excel consisting of key products of all the major players.
The global network analysis market report would provide approximately 77 tables, 78 figures and 199 Pages.

Target Audience 2023
• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies