Network Recording Market, Global, 2024?2028

Network Recording Market, Global, 2024‒2028

Increased Network Complexity from Rapid Urbanization and Digitalization Driving Transformational Growth

While network recording switches help to collect relevant data, analysis of that data is vital. Network recording solutions help to record and analyze network traffic at the packet level.

With the amount of stored data increasing, data security has become essential. Hacking and smishing have increased the need for cybersecurity. This demand will drive demand in the network recording market during the forecast period.

However, capital expenditures are always an issue, and with complex networks, collecting, storing, and analyzing data is expensive. This restricts Tier II and Tier III companies from offering security to their networks, hindering market growth. Another concern relates to the loss of data through dropped data packets and hence, the accuracy of data analysis. In this scenario, providing thorough analysis and proof of analysis is key to vendor success.

The study identifies growth opportunities in the global network recording solutions industry and highlights factors that will drive or restrain growth. It also discusses global macroeconomic indicators, such as GDP growth, inflation, and interest rates likely to impact new network infrastructure deployment, as well as trends set to shape the network recording market during the forecast period.