Network Analytics Market Size - By Component (Network Intelligence Solutions, Services), Deployment Model (On-premises, Cloud), End User (Cloud Service Providers, Managed Service Providers, Telecom Providers), Application, Enterprise Size & Forecast, 2023

Network Analytics Market Size - By Component (Network Intelligence Solutions, Services), Deployment Model (On-premises, Cloud), End User (Cloud Service Providers, Managed Service Providers, Telecom Providers), Application, Enterprise Size & Forecast, 2023 - 2032

Network analytics market size is projected to expand at over 19% CAGR from 2023 to 2032. The increasing complexity and scale of networks, propelled by the surge in data traffic and the proliferation of connected devices is necessitating advanced analytics for efficient management. The rising importance of real-time insights and proactive network monitoring to enhance performance, security, and user experience is also driving the adoption of analytics solutions.

Additionally, the growing demand for network optimization and cost reduction is pushing the need to address cybersecurity threats. Furthermore, the higher integration of AI and machine learning into network analytics solutions to foster innovations for amplified capabilities will fuel the market growth. For instance, in February 2023, telecommunications company Nokia introduced AVA customer and mobile network insights, a cloud-based native analytics software for empowering communication service providers (CSPs) with enhanced and cost-effective analytical capabilities.

The network analytics market is segregated into component, deployment model, enterprise size, application, end user, and region.

Based on enterprise size, the industry share from the SMEs is projected to rise at substantial CAGR through 2032, propelled by the increasing need for cost-effective solutions, simplified network management, and heightened cybersecurity measures. SMEs prioritize scalable and efficient analytics tools to optimize network performance, enhance security, and improve overall operational efficiency, contributing to the segment growth.

The fault detection application segment is estimated to account for commendable share of the network analytics industry by 2032, due to the rising imperative for proactive monitoring, swift issue identification, and network reliability enhancement. With organizations prioritizing uninterrupted operations, fault detection solutions have become crucial for mitigating disruptions. The growing need for real-time insights, predictive maintenance, and efficient troubleshooting to support seamless network functionality and minimized downtime will outline the market application outlook.

Regionally, the Asia Pacific network analytics industry is forecasted to expand at rapid pace during 2023-2032, owing to the rapid digital transformation, increasing demand for efficient network management, and the rising adoption of advanced technologies. The expanding 5G networks and cloud services along with the proliferation of IoT devices will also contribute to the heightened demand for network analytics solutions across the region.