Network Telemetry Market Will Be Driven by Increasing Digitization

The network telemetry market will expect a gradual growth in the near future. The growth of the industry is credited to the Increasing digitalization, increase in the number of network security attacks, on boarding of network telemetry solutions by many organizations and service providers.

The industry benefited from the work from the home culture during the pandemic. Many organizations allowed their employees to work from home.

The telecom service category will grow at the highest rate in the coming years. This can be credited to the increased usage of network telemetry facilities provided by telecom service providers, like Telefonica UK Limited to optimize, manage and analyze their network communication management.

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The industry is divided into solutions and services. Between the two, the services category is likely to grow at a higher CAGR due to the increasing onboarding of network telemetry solutions by organizations. This is creating a high demand for consulting, installation, maintenance, and training services. Telecom service providers are the largest users of network telemetry services.

Due to increasing internet penetration in tier 1 and tier 2 cities, the number of cyberattacks throughout the world have increased. Important data is stolen during such attacks, leading to losses. Programmers hack and steal information from different sources at the workplace with the help of IoT gadgets related to a centralized network. To prevent these cyberattacks, many companies are adopting network telemetry services, and setting tone for the market.

There is an increasing demand for network infrastructure optimization as the world is in the phase of digitization. This is due to the increase in the internet traffic. For example, when real-time data is sent to many locations with the help of devices, the system is not available for some time leading to downtime. To solve such issues, the network infrastructure must be optimized and for this, network telemetry services and solutions are used. These factors are pushing the growth of the network telemetry market around the world.

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North America held the largest market in the past. This was because of the presence of numerous telemetry organizations in this region like Netronome Systems Inc., Arista Networks Inc and Cisco Systems Inc.

it is predicted that the APAC region will show the fastest growth due to rapid growth of digitalization.

Increasing digitalization, growing number of network security attacks, and increasing adoption of network telemetry solutions by many organizations and service providers are the major contributors to the increasing demand for network telemetry solutions.

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This release was published on openPR.