Network Traffic Analytics Market Growth Factor By Top Key Players: Nokia, Palo Alto Networks, Symantec, SolarWinds, Allot, Zenoss, Ascom Holding AG, Flowmon Networks, Plixer, Accenture, Cisco, Huawei Technologies, IBM, Juniper Networks

Network traffic analytics market is driven by the rapid increase in data traffic arising due to growing trends of cloud computing, AI, IoT, and increased access to the internet worldwide. This rapidly changing digital infrastructure enables security hackers to steal critical information, leading to cyber thefts. Moreover, the inherent need of the consumer to connect with the world has led to an expansion of social networking sites.

This high dependence on the social networking websites has supported the malicious invaders to extract valuable personal information from vulnerable users. Hence, to curb the growing theft, organizations are encouraged to adopt network traffic analytics solutions.

Request for a sample of this research report @ www.gminsights.com/request-sample/detail/2818

Global Network Traffic Analytics Market was estimated to be over USD 780 million in 2017 and is set to exceed USD 2,500 million by 2024. Network Traffic Analytics Market is anticipated to grow at a CAGR of over 20% from 2018 to 2024. The rapid growth in cloud-based traffic is mainly driving the network traffic analytics market. The IT industry has adopted cloud technology as a flexible networking solution to meet the increasing needs of enterprises and consumers. The cloud data center traffic is projected to rise exponentially from 3.8 ZB in 2015 to around 14 ZB by 2020. As the cloud traffic increases, there is a corresponding increase in the need to monitor, manage, and secure the ever-growing big data. Owing to this, the network traffic analytics for cloud auditing is important so that the users can maintain their information security on the network.

The solution segment holds the highest revenue in the network traffic analytics component market, which is expected to reach USD 1,770 million by 2024. Network traffic monitoring dominates the solutions segment as they assist in monitoring, analyzing, and managing the flow of traffic and examine it for any abnormalities, which can affect the network availability, security, and performance. Due to the rise in the usage of various technologies, such as cloud computing, Voice Over Internet Protocol (VoIP), and connected devices, the traffic on the network increases tremendously slowing down the overall functioning speed of the network. Hence, as the stress on the network has increased, the enterprises are adopting network traffic monitoring solutions, keeping a check on the inflow and outflow of data and eliminating traffic congestion & security thefts.

The network security solution is growing at the fastest rate with a CAGR of 24.1% over the forecast timeline. Due to the rising advent of digitalization and the adoption of technologies, such as IoT and cloud computing, the amount of data generated grew tremendously. This growth in big data requires effective monitoring and storage as they fall prey to various malicious attacks. Therefore, network security solutions are used to detect and block malicious attacks throughout the network. The governments worldwide are investing funds and implementing rules and regulations to enhance the cybersecurity offerings of their country. For instance, in 2017, the Australian government invested USD 50 million over a period of seven years in the Corporate Research Center for cybersecurity. This investment will establish the country’s reputation as a secured market to do business, thereby enabling national security.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

1. Nokia
2. Palo Alto Networks
3. Symantec
4. SolarWinds
5. Allot
6. Zenoss
7. Ascom Holding AG
8. Flowmon Networks
9. Plixer
10. Accenture
11. Cisco
12. Huawei Technologies
13. IBM
14. Juniper Networks

Make an inquiry for buying this report @ www.gminsights.com/inquiry-before-buying/2818

Industry Growth Drivers:

• Advancement in network infrastructure
• Rise in the amount of DDoS attacks
• Growth in the adoption of IoT and BYOD and connected devices
• Exponential rise in the cloud traffic worldwide
• Increasing demand for IT budget in security sector

The European network traffic analytics market held around 26% of the industry share in 2017. The region has the presence of some of the leading telecom companies in the world, such as Vodafone, SoftBank Group, and Telefonica S.A., fueling the market demand. Furthermore, the General Data Protection Regulation (GDPR) implemented by the government in May 2018 has laid down effective data privacy and security guidelines. This will prevent the companies from sharing the customer personal data without their consent and boosting the network traffic analytics market growth.

North America dominates the network traffic analytics market with a revenue of USD 411 million in 2017. The region is home to the most advanced software and IT industry including AT&T, Cisco, IBM, Amazon, Google, Microsoft, and Juniper Networks and is a world leader in the cloud computing market. Other factors contributing to the market growth include the accessibility to advanced infrastructure, the rise in the number of cyber-attacks, the emergence of IoT devices, and advanced technology adoption. The government is also investing funds in various technologies, which has a positive impact on the network traffic analytics market. For instance, the government of the U.S. is also planning to invest USD 10 billion in cloud computing technology by 2023. Due to the advancements in these technologies, the data traffic is projected to grow tremendously leading to an increase in the network traffic analytics market demand.

New product launches and partnerships are the main strategies adopted by the companies operating in the network traffic analytics market. The prominent vendors functioning in the market include Accenture, Allot, Ascom Holding AG, Bradford Networks, Cisco, Flowmon Networks, Genie Networks Ltd, Huawei Technologies, IBM, Juniper Networks, Kentik, Microsoft, Netreo, Nokia, Palo Alto Networks, Plixer, SolarWinds, Symantec, and Zenoss.

Browse key industry insights spread across 230 pages with 399 market data tables & 38 figures & charts from the report, Network Traffic Analytics Market in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/network-traffic-analytics-market

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email:sales@gminsights.com
Web:https://www.gminsights.com

This release was published on openPR.