Global Network Traffic Analysis Solutions Market: Surge in IT Security Budgets Providing Significant Impetus to Market Growth through 2026

Market Research Hub (MRH) has announced the inclusion of a new study titled “Network Traffic Analysis Solutions Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 – 2026” to its online repository, which highlights global market scenario covering current and future prospects anticipated to offer lucrative growth opportunities for key players in the market. The main motive of the study is to provide a thorough analysis of the market trends, factors in the current market along with industry growth prospects from 2013 to 2017, and forecast to 2026. As per the study evaluations, the global network traffic analysis solutions market was valued at US$ 1,527.6 Mn in 2017. It is further anticipated to expand at a remarkable CAGR of 15.2% during the mentioned forecast period.

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Network traffic analysis can be defined as the process of recording, reviewing, and analyzing network traffic data. This is done to review the network’s performance in terms of security, operations, management, and/or general network health monitoring. Presently, the increase in the use of the Internet has opened new doors for data breaches and attracts new cyber-attacks on end-users across various sectors. Therefore, to minimize the risk of cyber-attacks, various organizations are compelled to increase their IT spending on advanced network security solutions. This, in turn, is expected to drive the network traffic analysis solutions market during the forecast period.

Segmental Overview

In order to provide accurate results, the report majorly focuses on some of the major regions including the Middle East and Africa (MEA), Europe, Asia Pacific, North America, and South America. The regional analysis section is a crucial segment of the report, which informs the reader about trending factors and drivers prompting the market shares for each region. It has been clearly stated in the study that North America is estimated to establish a major market share during the forecast period, with the U.S. contributing most to the region’s revenue. Presence of major industry players in the region and high adoption of network traffic analysis software are the prime factors behind this region’s growth.

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As the research proceeds, market data has been presented on the basis of component, deployment, user and industry. On the basis of component, the study covers solutions and services. By deployment type, the market is segmented into cloud and on-premises. Major end-users include enterprises and service providers. As per the research findings, the traffic behavior analysis solutions and network security monitoring solutions sub-segments have contributed a substantial proportion to the revenue of the overall network traffic analysis solutions market.

At last, the report also examines the competitive landscape in the global market and profiles some of the key players. They are GREYCORTEX s.r.o., Bricata, Inc., Genie Networks, CA Technologies, Flowmon Networks, Hewlett Packard Enterprise Co., Zoho Corporation, Ipswitch, Inc., Cisco Systems, Inc., Palo Alto Networks, Inc., Netreo Inc., Dynatrace LLC, and NetmonInc.

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This release was published on openPR.