Global Network Telemetry Market is expected to reach revenue US$ 900 million by 2028: Ken Research

The Global Network Telemetry Market is expected to record a positive CAGR of ~20% during the forecast period (2022-2028) and is expected to reach approximately US$ 900 million by 2028.

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Key Growth Drivers

The increasing cases of cyberattacks which are targeted toward the companies' servers and networks are helping the market grow.

The cyberattacks can cause huge damage to companies as critical data and confidential information are stolen from their servers during such attacks. So, in order to have a safer network infrastructure, more and more companies are adopting network telemetry solutions and services thus positively impacting market growth.

The high upfront investments that are required for an organization to go for network telemetry services and solutions act as a constraint for market growth.

The installation of network telemetry poses compatibility challenges for many organizations due to their existing legacy network. So, the complexities associated with the installations of the network telemetry solutions and services also act as a constraint for the market's growth.
Additionally, the strict regulations that are in place for network infrastructure-related activities also act as a constraint to the market's growth.

The COVID-19 outbreak had a negative impact on the demand for Network Telemetry as various companies stalled their operations due to the imposition of the lockdowns initially. However, later as more and more organizations started operating from home, the companies required network telemetry solutions and services for managing their network infrastructure effectively which resulted in the market's growth.

Key Trends by Market Segment

By Component: The Solutions segment held the largest market share in the Global Network Telemetry Market in 2021.

As the adoption of network telemetry systems grows, the demand for network telemetry solutions among companies and service providers also grows.
Services such as consulting, deployment, training, support, and maintenance are also growing as network telemetry companies are striving hard to offer the best services to their customers in managing the network telemetry system.

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By Deployment: The On-Premise segment held the larger share of the Global Network Telemetry Market in 2021.

The on-premise segment offers greater control to the companies in terms of managing their data and also is more resilient than the Cloud-based tools. Also, the on-premise option helps companies manage real-time data to a more granular level which is helping this segment dominate.
Cisco's DNA Center appliance stores data for 14 days locally at its client's location and the local network telemetry is neither sent to the cloud nor it is shared with any other servers.

By Enterprise Size: The Small & Medium Enterprises segment held the larger share of the Global Network Telemetry Market in 2021.

The increase in the number of small and medium enterprises globally in almost all the industries such as Healthcare, IT, Telecommunications, Retail, Banking, etc., and a growing need to upgrade their existing network infrastructure as well as to have advanced technology and secure network infrastructure are helping this segment to dominate the market.

By End-user: The Service Providers segment held the larger share of the Global Network Telemetry Market in 2021.

The increasing use of network telemetry systems by large global telecom companies to improve their network communication infrastructure and by cloud service providers to manage their network infrastructure through better analysis and optimization is helping the segment dominate.

By Geography: North America accounted for the largest market share in 2021 within the total Global Network Telemetry Market.

North American region dominated the network telemetry market due to the presence of large data centers in this region, the presence of some of the biggest players in the market, and the growing investment by end clients to optimize their network infrastructure and IT data centers.
The high volume of digital services also mandates that the network administrators demand better network telemetry systems to manage the already huge network infrastructure efficiently.

Competitive Landscape

The Global Network Telemetry Market is highly competitive with ~200 players which include globally diversified players, regional players as well as a large number of country-niche players.

Approximately, the large global players constitute 10%, the regional players 30%, and country-niche players 60% of the market by type of companies operating in the market. Some of the major players in the market include Arista Networks, Inc., Cisco Systems, Inc., Juniper Networks, Inc., NVIDIA Corporation, VOLANSYS Technologies (An ACL Digital Company), Intel Corporation, Advanced Micro Devices, Inc, Marvell, Google, Netronome, and Apcela among others.

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Recent Developments Related to Major and Emerging Companies

In June 2022, Arista launched its next-generation converged ultra-low 7130 Series for in-network applications. This system can integrate with CloudVision which is the multi-domain network telemetry management platform of Arista and can provide switching, monitoring, routing, etc. for the company's extensive portfolio.
In June 2022, Nvidia Corp. launched the latest version of NVIDIA NetQ to reduce downtime and automate network monitoring. It combines advanced telemetry and a user interface that simplifies troubleshooting as well as automates the network with reduced maintenance and downtime.
In October 2021, Intel developed Open Standard Packet Telemetry that can help in improving data center visibility and making it more resilient. It is capable of tracking packets traversing the network and hence greater visibility on the performance of the network.

Conclusion

The Global Network Telemetry Market is forecasted to continue a strong growth that is witnessed during the forecast period. Key trends driving market expansion include the increasing importance of highly secure and scalable network infrastructure, optimization of business performance through advanced network telemetry systems, and the need to have minimum downtime. The market is highly competitive with ~200 participants concentrating on expansion strategies through product innovations as well as acquisitions, partnerships and mergers.

Note: This is an On-Demand/Planned report, so the figures quoted here for a market size estimate, forecast, growth, segment share, and competitive landscape are based on initial findings and might vary slightly in the actual report. Also, any required customizations can be covered to the best feasible extent for Pre-booking clients, and the report delivered within a maximum of two working weeks.

Ken Research has recently published report titled Global Network Telemetry Market Size, Segments, Outlook, and Revenue Forecast 2022-2028 that segmented by Component (Solutions and Services [Consulting, Integration & deployment, and Training, Support & Maintenance]), Deployment (On-Premise and Cloud), Enterprise Size (Small & Medium Enterprises and Large Enterprises), End User (Service Providers [Telecom Service Providers (TSPs), Cloud Service Providers (CSPs), Managed Service Providers (MSPs)], and Verticals), and Region (North America, Europe, Asia Pacific, Latin America Middle East and Africa (LAMEA)).

Market Taxonomy

The Network Telemetry Market is segmented by component type, deployment, enterprise size, and end user. In addition, the report also covers market size and forecasts for the four major regions' Network Telemetry Market. The revenue used to size and forecast the market for each segment is US$ million.

By Component

Solutions
Services
Consulting
Integration and Deployment
Training, Support, and Maintenance

By Deployment

On-Premise
Cloud

By Enterprise Size

Small and Medium Enterprises
Large Enterprises

By End User

Service Providers
Telecom Service Providers (TSPs)
Cloud Service Providers (CSPs)
Managed Service Providers (MSPs)
Others
Verticals

By Geography

North America (USA, Canada, and Mexico)
Europe (Germany, UK, France, Spain, and Italy)
Asia Pacific (China, Japan, South Korea, India, and Australia)
LAMEA (Latin America, Middle East, and Africa)

Key Players

Arista Networks, Inc.
Cisco Systems, Inc.
Juniper Networks, Inc.
NVIDIA Corporation
VOLANSYS Technologies (An ACL Digital Company)
Intel Corporation
Advanced Micro Devices, Inc
Marvell
Google
Netronome
Apcela

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