Network Emulator Market Size By Component (Hardware, Software), By Application (Software-Defined Wide Area Network [SD-WAN], Cloud, Internet of Things [IoT]), Industry Verticals (Telecom, Government & Defense, BFSI, Retail), COVID-19 Impact Analysis, Grow

Network Emulator Market Size By Component (Hardware, Software), By Application (Software-Defined Wide Area Network [SD-WAN], Cloud, Internet of Things [IoT]), Industry Verticals (Telecom, Government & Defense, BFSI, Retail), COVID-19 Impact Analysis, Growth Potential, Regional Outlook, Competitive Market Share & Forecast, 2023 - 2032

Network emulators market is anticipated to record considerable growth over the forecast period of 2022 to 2032 majorly driven by the increasing adoption of IoT devices.

Key market players are adopting various strategies like product development, collaborations, and acquisitions to improve their market presence. They are also utilizing network emulators solutions to evaluate the device and application performance in a virtual environment before final deployment to maximize business output and reduce cyber risks.

For instance, SCADAfence teamed up with Keysight Technologies in April 2022 to integrate the Threat Simulator Breach and Attack Simulation (BAS) solution of Keysight's with the advanced Operational Technology (OT) Security Platform of SCADAfence. Security teams can run stimulations of attacks against congregated information technology and operational technology (IT-OT) networks to enhance their security position.

In another instance, in February 2022, Keysight Technologies and Telefonica collaborated to complete the former’s first authentication of O-RAN (an open radio access network) xHaul transport link, improving transport network development founded on the O-RAN specifications. xHaul forms a common packet-based transport network for software-defined and flexible reconfiguration of networking elements in a service-oriented integrated management framework. It is a unified backhaul and fronthaul networking infrastructure. Telefonica is deploying O-RAN-compliant xHaul transport architectures to reconfigure and share the network promptly to streamline 5G service delivery.

In terms of application, the industry is bifurcated into SD-WAN, Cloud, IoT, and others. The massive demand for IoT devices and networking applications among companies is driving the demand for network emulator solutions to evaluate performance. As these devices need to meet regulatory compliance and offer specified application performance, network emulators are used to ensure the quality of service and assess the performance.

Enterprises are also adding network testing solutions to new cellular IoT testing capabilities. Owing to this, the IoT application segment is anticipated to add substantial value to the overall network emulator market through the forecast period.

Based on industry vertical, the market is segmented into telecom, government & defense, BFSI, retail, and others. The retail segment accounted for a significant market share and is expected to grow with the rising adoption of BLE technology, IoTs and beacons. Retailers use network emulators to test and authenticate new developments in network infrastructure before the final deployment to mitigate the risks that can impact the application's performance.

Geographically, the network emulator industry is poised to garner sizable profits in Latin America. The growth is credited to innovations in the BFSI sector, massive penetration of data centers and growing adoption of IoT. Several banks in the region are working on providing digital services. They are using cloud solutions from data center service providers to offer digital services to their customers. As network emulators can validate the network performance and test networking devices, their demand is projected to spur in the region.

MEA network emulators market is likely to witness significant growth driven by the penetration of data centers and large-scale development across the telecom sector. The major focus of the telecom industry in the region to commercialize the 5G network could play a key role in the regional market expansion. Such developments in the telecom industry are primarily witnessed in countries like the UAE and Saudi Arabia.