The Global Network Traffic Analytics Market to Gain $7161.97 Million by 2028

According to a Triton Market Research report, the global network traffic analytics market, which accounted for $944.92 million in 2018, is estimated to progress at a CAGR of 23.05% by the year 2028.

A study by Triton Market Research with the title ‘Global Network Traffic Analytics Market,’ covers the Global Analysis and Forecast for 2019-2028 by Components (Services, Solution), Deployment (Cloud, On-premise), Organization Size (Large-, Small- & Medium-sized), End-user (Enterprises, Service Providers, Data Center), and by Geographical Region (Asia-Pacific, North America, Middle East and Africa, Europe, Latin America).

Network traffic analytics is a system used to understand and evaluate the network to identify any suspicious packets in the network. It provides information regarding the type of data which is flowing through the network.

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According to the report, the global network traffic analytics market will reach $7161.97 million by 2028, progressing with a CAGR of 23.05% during the estimated years from 2019 to 2028. The increasing need for securing data from malicious attacks and uninterrupted visibility in the network is driving the growth of the global network traffic analytics market. The cybersecurity regulations that have been aimed to defend the network systems are instigating the demand for network traffic analytics. Moreover, the rising threat of network attacks is also driving the market growth. However, the easy availability of freely available open-source network traffic analytics solutions is impeding the market growth.

The market for network traffic analytics is segmented into four main segments, components, deployment, organization size and end-user. The first segment, components, is bifurcated into services and solution. The second segment, deployment comprises cloud and on-premise. The third segment, organization size is divided as large and small & medium-sized. The last segment, end-user is sub-segmented into enterprises, service providers and data center.

As per the regional landscape, Asia-Pacific is anticipated to be the fastest-growing region for the network traffic analytics market over the forthcoming years. The rising cases of cyberattacks and the resulting increased demand for securing business is the primary factor driving the growth of the global network traffic analytics market. Favorable government initiatives in countries like India, China, South Korea, Australia & New Zealand are aiding the regional market growth.

Similarly, North America is expected to be the largest network traffic analytics market with the highest revenue. The rapidly increasing data breaches and exposed records in the US is one of the major factors driving the demand for network traffic analytics market in North America.

Few companies engaged in the network traffic analytics market are International Business Machines Corporation, SolarWinds Worldwide LLC, Kentik, Juniper Networks Inc, Cisco Systems Inc, Flowmon Networks as, Microsoft, Broadcom (Symantec), Nokia, Allot, Genie Networks Ltd, LogRhythm Inc, Infovista, Palo Alto Networks Inc and Huawei Technologies Co Ltd.

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Question & Answer: Network Traffic Analytics Market

Question 1: What are the factors driving the growth of the global network traffic analytics market?
Answer: The increasing need for securing data from malicious attacks and uninterrupted visibility in the network is driving the growth of the global network traffic analytics market. The cybersecurity regulations that have been aimed to defend the network systems are instigating the demand for network traffic analytics. Moreover, the rising threat of network attacks is also driving the market growth.

Question 2: What is impeding the growth of the global network traffic analytics market?
Answer: The easy availability of freely available open-source network traffic analytics solutions is impeding the growth of the network traffic analytics market.

Question 3: How is the Asia-Pacific and North America influencing the network traffic analytics market outlook?
Answer: As per the regional landscape, Asia-Pacific is anticipated to be the fastest-growing region for the network traffic analytics market over the forthcoming years. The rising cases of cyberattacks and the resulting increased demand for securing business are the primary factor driving the growth of the global network traffic analytics market. Favorable government initiatives in countries like India, China, South Korea, Australia & New Zealand are aiding the regional market growth.

Similarly, North America is expected to be the largest network traffic analytics market with the highest revenue. The rapidly increasing data breaches and exposed records in the US is one of the major factor driving the demand for network traffic analytics market in North America.

Question 4: Which are the companies mentioned in the competitive landscape of the report on the network traffic analytics market?
Answer: The companies mentioned in the competitive landscape of the report on the network traffic analytics market are International Business Machines Corporation, SolarWinds Worldwide LLC, Kentik, Juniper Networks Inc, Cisco Systems Inc, Flowmon Networks as, Microsoft, Broadcom (Symantec), Nokia, Allot, Genie Networks Ltd, LogRhythm Inc, Infovista, Palo Alto Networks Inc and Huawei Technologies Co Ltd.

Related Report:
Global Utility and Energy Analytics Market

The global utility and energy analytics market is likely to exhibit revenue growth at $966.07 million by 2028, with a CAGR of 17.46% over the forecasting period 2019-2027.

The increasing understanding of consumers on the energy consumption pattern analysis to get more accurate information on energy usage is the main factor driving the growth of the utility and energy analytics market. The demand for energy is continuously increasing in the world. With the resultant increased emphasis on renewable energy in both developing and developed countries, there is an increase in the demand for utility and energy analytics worldwide.

The adoption of cloud technology by the energy and utility industry is likely to avoid the need for substantial funds required to update and replace legacy systems. This will create business opportunities for the global market. In addition, the development of smart cities will result in increased adoption of analytics systems. Utilities are currently in development to incorporate advanced technologies to retain themselves in smart cities.

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