Network Traffic Analysis Solutions Market is Likely to Reach US$ 8.5 Bn by 2032 - Report by FMI

The network traffic analysis solution market was worth US$ 2.9 Billion in 2022 and is predicted to increase at an 11.3% compound annual growth rate (CAGR) to US$ 8.5 Billion by 2032.

The increase might be ascribed to the increasing necessity for appropriate network administration as network complexity increases. The rising rates of internet penetration and, as a result, the rise in cybercrime is predicted to contribute to network traffic analysis solution market growth. Continued cloud migration, IoT installations, and 5G rollouts all bode well for network traffic analysis solution market growth.

The breakout of the COVID-19 pandemic, as well as the accompanying lockdowns and limitations enforced in many regions of the world to halt the spread of the coronavirus, has had a minor influence on network traffic monitoring.

Request a Sample of this Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-14657

The epidemic, as well as the efforts to contain it, have delayed worldwide economic activity and impaired the efficiency of routine corporate operations. However, network traffic analysis solution market growth is being driven by rising awareness and the demand for enhanced visibility into network-connected devices. Demand for network traffic analysis solution will be fueled by rising demand for cloud-based services.

The volume of data transmitted via data networks shows no indications of slowing, as firms actively implement remote working and work-from-home practises in the aftermath of the epidemic as part of attempts to assure employee safety. This has heightened the requirement for secure data transfer and effective data traffic management, fueling demand for network traffic analysis solution. The enormous increase in data network traffic necessitates network traffic analysis solution. The United States had the biggest revenue share. The developed world is noted for its early and aggressive embrace of cutting-edge technology such as IoT and cloud computing.

The increased use of network traffic analysis solution for defence and military applications bodes well for the regional network traffic analysis solution market's growth. Over the projection period, Asia Pacific is predicted to grow at the fastest CAGR. The proliferation of smartphones and laptops, as well as the on-going construction of high-speed internet networks, characterise the region. Several firms in network traffic analysis solution market such as China, India, and Australia are expanding complex corporate data networks. In response to the increasing frequency of cyber-attacks on corporate networks, some countries in Asia Pacific are contemplating legislation measures focused at data protection.

KEY TAKEAWAYS:

In the deployment type sector, on-premises from the network traffic analysis solution market is anticipated to flourish at the quickest CAGR of 14.6%.
With a CAGR of 11.6%, Banking, Financial Services, and Insurance (BFSI) are predicted to grow significantly in the industry vertical sector of the network traffic analysis solution market.
The market size for network traffic analysis solution market in the United States is expected to reach US$ 2.2 Billion by 2032, growing at a CAGR of 12.3% during the research period.
United Kingdom is anticipated to reach a market size of US$ 681.2 Million in Network traffic analysis solution by 2032, with a CAGR of 12.3% during the research period.
China's Network traffic analysis solution market is anticipated to be worth US$ 1.6 Billion by 2032, with a CAGR of 14.9% over the forecast period.
Japan is expected to have a market size for Network traffic analysis solution of US$ 479.6 Million by 2032, with a CAGR of 13.8% during the research period.
By 2032, South Korea is expected to reach a market size of US$ 590.0 Million in network traffic analysis solution, with a CAGR of 13.6% during the research period.

Ask An Analyst @ https://www.futuremarketinsights.com/ask-the-analyst/rep-gb-14657

COMPETITIVE LANDSCAPE:

Due to the existence of both established and local market participants, the network traffic analysis solution market might be classified as extremely fragmented. Furthermore, all of these network traffic analysis solution market participants cater to a small number of clients, increasing network traffic analysis solution market competitiveness.

To strengthen their market position, mark network traffic analysis solution market et participants such as Awake Security Inc., Broadcom Corporation, Cloudflare, Inc., Core Security Technologies, NEC Corporation, NETSCOUT Systems, Inc., and SolarWinds, among others, are pursuing various growth strategies such as new product launches, mergers and acquisitions, and strategic partnerships.

Key Segments:

By Deployment Type:

Cloud
On-Premises

By User Type:

Small and Medium Enterprise (SME)
Large Enterprise

By Industry Vertical:

Banking, Financial Services and Insurance (BFSI)
Government
Healthcare
Energy and Utilities
Education
Telecom and IT
Manufacturing
Retail

By Region:

North America
Europe
Asia Pacific
Middle East and Africa (MEA)
South America

Request Methodology @ https://www.futuremarketinsights.com/request-report-methodology/rep-gb-14657

Explore Other Related Reports Links From Technology Market

E-tailing Solutions Market - https://www.futuremarketinsights.com/reports/global-e-tailing-market

Gigabit Passive Optical Network (GPON) Market - https://www.futuremarketinsights.com/reports/gigabit-passive-optical-network-market

Storage Area Network (SAN) Market - https://www.futuremarketinsights.com/reports/storage-area-network-san-market

Contact Us:
Future Market Insights,
Unit No: 1602-006,
Jumeirah Bay 2,
Plot No: JLT-PH2-X2A,
Jumeirah Lakes Towers,
Dubai,
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com
Browse All Reports: https://www.futuremarketinsights.com/reports
Report Link: https://www.futuremarketinsights.com/reports/network-traffic-analysis-solutions-market

About Us

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

This release was published on openPR.