New York, NY, April 04, 2019 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Network Analytics Market By Component (Solution and Services), By Deployment (Cloud and On-Premises), and By End-User (Communication Service Provider, Banking, Financial Sector, and Insurance, Cloud Service Provider, Healthcare, Government, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025’’. According to the report, the global network analytics market was valued at 1,471 million in 2018 and is expected to reach USD 6,886 million by 2025, at a CAGR of 24.7% between 2019 and 2025.
Network analytics is a process by which the network solutions record, study, and analyze network traffic in the network on a real-time basis, thereby helping in the enhancement of the performance, market predictions, market trends, and augmenting security. It is used to comprehend and evaluate network utilization, to maintain upload/download streaming and pinpoint any suspicious and harmful packets in the network.
Browse through 84 Tables & 26 Figures spread over 138 Pages and in-depth TOC on “Global Network Analytics Market: Type, Size, Share, Trends, Segments and Forecast, 2018–2025”.
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With constant technological advancements across different business sectors, vendors are offering SaaS-based network for network traffic solution to their customers. The increasing demand for cloud-based solutions is now shifting toward SaaS-based solutions. Moreover, the need for countering the market hindrances and enrichment of customer data for better understanding, companies like IBM and VMware have announced their partnership and revealed that more than 1,400 organizations are using their network analytics solutions. However, the high cost of network analytical tool will obstruct the demand for network solution, thus hampering the network analytics market.
The network analytics market is sectored on the basis of the component, deployment, and end-user. On the basis of deployment, the network analytics market is divided into cloud and on-premises. The cloud segment is predicted to hold a notable market share over the forecast time period, owing to the increasing investments made in cloud technology by major players, such as IBM Corporation, Accenture, etc. In 2017, IBM Corporation announced that it generated USD 17 billion in revenue from cloud business that includes hardware, software, and service. On the basis of the component, the network analytics market includes solution and services. Network intelligent solution is used to handle data traffic on the internet with ease. With the rise in network traffic, numerous organizations are focusing on maintaining high service quality and core business activities. The implementation of network solutions will further push the network analytics market in the years to come. By end-user, the market is divided into communication service provider (CSP), banking, financial sector, and insurance (BFSI), cloud service provider, government, and others.
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By region, the North American network analytics market is expected to grow considerably in the future, owing to a large number of solution vendors being headquartered in the U.S, the rising demand for network solution witnessed across myriad sectors of the region, and huge investments to develop Artificial Intelligence (AI) and cloud technology. Several studies suggest that the need for the adoption of next-generation technology for current network infrastructure will flourish in the years to come, creating several market opportunities.
The availability of scalable infrastructure, malware, increased cyber-assaults, and upgrading to advanced technology by many companies is driving the European network analytics market. The rising demand and supply of smartphones in the market and increasing demand for CSP network analytics are also fuelling this regional market. The constructed strategies are implemented by big players to gain traction and strengthen their foothold in the market, thereby helping them in continually expanding their businesses.
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The Asia Pacific market is driven by the increasing development of public Wi-Fi at airports and retail shops, expansion of the retail market, increasing smartphone use and internet users, and huge government investments in network analytics and big data. In addition, developing countries like India and China have attempted to expand their networks, which have contributed notably to the region’s network analytics market.
The Latin American market is driven by maturing mindset about data-driven organizations, customer loyalty, increased productivity, and IOT (Internet of Things). IoT and Big Data Analytics will play crucial roles in fuelling this region’s market growth. The information gathered by sensors and connected devices can mine big database and provide the exact/relevant information for real-time analysis and generate insights that can help in improving customer experience. The Middle East and Africa is anticipated to grow at a substantial rate in the future, owing to the growing automation technology and smart retail services and increasing implementation of public Wi-Fi and location analytics.
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Some noticeable players of the global network analytics market include Oracle Corporation, Cisco Corporation, SAS Institute, SAP SE, Predixion Software, Apigee Corporation, Foghorn Systems, AGT International Inc., Analytic Edge, CGI Group Inc., and Prism Tech.
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This report segments the global network analytics market into:
Global Network Analytics Market: Component Analysis
- Solution
- Services
Global Network Analytics Market: Deployment Analysis
- Cloud
- On-Premises
Global Network Analytics Market: End-User Analysis
- Communication Service Provider (CSP)
- Banking, Financial Sector, and Insurance (BFSI)
- Cloud Service Provider
- Healthcare
- Government
- Others
Global Network Analytics Market: Regional Analysis
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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