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USD 17 Billion Network Analytics Market Reach by 2032 at 19.7% CAGR
According to the report published by Allied Market Research, The USD 17 Billion Network Analytics Market Reach by 2032 at 19.7% CAGR. The report provides an extensive analysis of changing market dynamics, major segments, value chain, competitive scenario, and regional landscape. This research offers valuable able guidance to leading players, investors, shareholders, and startups in devising strategies for sustainable growth and gaining a competitive edge in the market.The network analytics market is expected to witness notable growth owing to rise in network complexities, surge in network optimization, and increase in adoption of cloud-based network analytics solutions. Moreover, an increase in regulatory compliance and data privacy requirements is expected to provide a lucrative opportunity for the growth of the market during the forecast period. However, security and privacy concerns limit the growth of the network analytics market.
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The global network analytics market was valued at USD 2.9 billion in 2022, and is projected to reach USD 17 billion by 2032, growing at a CAGR of 19.7% from 2023 to 2032.
The network analytics market is segmented on the basis of component, deployment mode, enterprise size, application, end user, and region. On the basis of component, the market is categorized into network intelligence solution and services. By deployment mode, it is categorized into on-premise and cloud. On the basis of enterprise size, the market is categorized into large enterprise and small and medium-sized enterprise. In terms of application, the market is classified into customer analysis, risk management and fault detection, network performance management, quality management, and others. On the basis of end user, the market is categorized into cloud service providers, managed service providers, telecom providers, and others. By region, the market is analysed across North America, Europe, Asia-Pacific, and LAMEA.
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By application, the network performance management segment accounted for nearly one-third of the global network analytics market share in 2022, and is expected to dominate the market by 2032, owing to the adoption of 5G and the Internet of Things (IoT), influenced trends in NPM, emphasizing the need for adaptive and advanced performance management strategies. However, the quality management segment is projected to display the fastest CAGR of 24.2% throughout the forecast period, owing to increase in reliance on digital services were influencing trends in quality management, emphasizing adaptability and precision in maintaining high service quality standards.
By end user, the telecom providers segment accounted for nearly two-fifths of the global network analytics market share in 2022, and is expected to dominate the market by 2032, owing to integration of edge computing into telecom infrastructure for faster insights and reduced latency. Moreover, artificial intelligence and automation are increasingly employed to enhance network management efficiency, automate issue resolution, and predict potential problems. However, the cloud service providers segment would also display the fastest CAGR of 22.7% throughout the forecast period, owing to increasing focus on hybrid and multi-cloud solutions, allowing businesses to seamlessly integrate and manage workloads across multiple cloud platforms for flexibility and optimization.
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By region, North America garnered the highest share in 2022, holding more than one-third of the global network analytics market revenue in 2022, and is projected to retain its dominance by 2032, owing to increase in prevalence of cyber threats has made network security analytics. In addition, the deployment of 5G networks is driving the adoption of network analytics for optimizing performance, managing traffic, and ensuring seamless connectivity. The Asia-Pacific region is projected to portray the fastest CAGR of 23.5% during the forecast period, owing to the deployment and optimization of 5G networks, drives the adoption of analytics tools to enhance performance and support new applications. The region is witnessing a surge in cloud-native solutions, providing scalability and flexibility for evolving digital infrastructures.
The major players in the network analytics industry include Cisco Systems, Inc., Broadcom, IBM Corporation, Hewlett Packard Enterprise Development LP, Huawei Technologies Co., Ltd., SAS Institute Inc, Telefonaktiebolaget LM Ericsson, Juniper Networks, Inc., and Ciena Corporation. Major players have adopted product launch, partnership, collaborations, and acquisition as key developmental strategies to improve the product portfolio and gain strong foothold in the network analytics industry.
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Key Findings of the Study
● By component, the network intelligence solution segment led the network analytics market in terms of revenue in 2022.
● By deployment mode, the cloud segment is anticipated to have fastest growth rate for network analytics market.
● By application, the network performance management segment led the network analytics market in terms of revenue in 2022.
● By enterprise size, the small and medium-sized enterprise is anticipated to have fastest growth rate for network analytics market.
● By end user, the telecom providers segment led the network analytics market forecast in terms of revenue in 2022.
● By region, North America generated the highest revenue for network analytics market analysis in 2022.
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