Network Analytics

Network Analytics

Global Network Analytics Market to Reach US$15.2 Billion by 2030

The global market for Network Analytics estimated at US$4.4 Billion in the year 2023, is expected to reach US$15.2 Billion by 2030, growing at a CAGR of 19.4% over the analysis period 2023-2030. Network Analytics Solution, one of the segments analyzed in the report, is expected to record a 18.5% CAGR and reach US$10.0 Billion by the end of the analysis period. Growth in the Network Analytics Services segment is estimated at 21.2% CAGR over the analysis period.

The U.S. Market is Estimated at US$1.1 Billion While China is Forecast to Grow at 24.2% CAGR

The Network Analytics market in the U.S. is estimated at US$1.1 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$4.0 Billion by the year 2030 trailing a CAGR of 24.2% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 13.9% and 16.7% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 14.9% CAGR.

Network Analytics- Key Trends and Drivers Summarized

Network analytics has become a cornerstone in managing the complex digital architectures that underpin today`s technology-driven world. By leveraging extensive data collection and analysis capabilities, this technology enhances network performance, reliability, visibility, and security. As the volume and variety of network traffic swell, driven by an increase in connected devices and digital interactions, the role of network analytics in ensuring efficient network operations and security becomes more critical. Advanced network analytics software tools provide real-time visibility and traffic flow analysis across networks, enabling organizations to detect issues promptly and forecast future network needs accurately. This shift towards more data-driven, automated network management allows companies to transition from reactive troubleshooting to proactive strategic management, enhancing both security and performance.

The application of network analytics extends significantly into improving security protocols and optimizing network operations. By analyzing network traffic and user behavior, network analytics can pinpoint anomalies that signal potential security threats, such as compromised credentials or insider attacks. Additionally, these tools assist in tracking the progression of security incidents, helping to identify and mitigate vulnerabilities swiftly. Beyond security, network analytics is invaluable in enhancing network performance; it analyzes historical data to predict and manage network behavior under varying conditions, facilitating better capacity planning and network upgrades. This predictive power ensures that networks can adapt to evolving organizational demands without compromising performance or security, maintaining robust and responsive network infrastructure as businesses grow and change.

Several key drivers are propelling the growth of network analytics. The increasing complexity of network architectures, particularly with the integration of IoT devices, cloud services, and hybrid infrastructures, necessitates more sophisticated analytics tools capable of managing and securing these complex systems effectively. Advancements in big data and AI technologies enhance the real-time processing and analysis capabilities of network analytics tools, allowing for more accurate predictions and automated responses. Regulatory compliance demands across various industries also drive the adoption of network analytics, helping organizations ensure data protection and privacy. Additionally, the rising awareness of cybersecurity threats has heightened the need for advanced threat detection, which network analytics provides by identifying and analyzing unusual patterns and potential breaches. Finally, the widespread adoption of cloud services has spurred the need for dedicated network analytics solutions that monitor cloud performance and security, essential for managing modern, distributed network environments. These growth drivers highlight the essential role of network analytics in supporting secure, efficient, and compliant network operations in an increasingly digital business environment.

 

Select Competitors (Total 181 Featured) -

• Agt International GmbH
• Analytic Edge Pvt. Ltd.
• CGI Group, Inc.
• Cisco Systems, Inc.
• Foghorn Solutions Inc.
• Oracle Corporation
• SAP SE
• SAS Institute, Inc.

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