Network Analysis Market Size, Share, Growth and Trends, Report 2023

Market Overview :

The network analysis market has witnessed unprecedented growth in recent years due to the rising cybersecurity threats, increasing complexity of networks and the need for enhanced network performance and efficiency. Organizations across various industries, including IT and telecommunications, BFSI, healthcare, manufacturing, and government, rely on network analysis solutions to ensure smooth network operations and mitigate risks.

The global market is highly competitive and consists of numerous players offering a wide range of solutions and services. Key market players include Cisco Systems, IBM Corporation, SolarWinds, NETSCOUT Systems, Nokia Corporation, Broadcom Inc., Keysight Technologies, and Gigamon, among others, these players hold more than 1/3rd at the global level and is expected to increase their share in the forecast period due to rising investments and adoption of advanced technologies.

Market Trends :

Rise Of Iot And Machine-To-Machine Communications Sensing

The rise of the Internet of Things (IoT) and Machine-to-Machine (M2M) communications has had a significant impact on the network analysis market. IoT refers to a network of interconnected devices that can collect and exchange data through the Internet, while M2M communication refers to direct communication between two or more devices without human intervention. Together, these technologies are transforming the way organizations monitor and analyze their networks and are driving the growth of the network analytics market.

One of the key drivers of this growth is the sheer volume of data generated by IoT and M2M devices. With so many devices connected to the network organizations need sophisticated tools to monitor and analyze the data that is being generated. Network analysis tools allow organizations to detect anomalies and potential threats in real-time and to take proactive measures to prevent network downtime or security breaches.

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Market Segmentation :

The global network analysis market is segmented based on component, deployment, organization, application, end-user and region.

Growing Demand For Risk Management And Behavior Analysis Of A Network

Risk management and fault detection applications of network analysis dominate the global market covering nearly 32.3% globally. Risk management and fault detection are critical components of network analysis. Network analysis refers to the process of analyzing the structure and behavior of a network, such as a computer network or a communication network. The process involves identifying potential risks and faults in the network and implementing strategies to mitigate or prevent them.

There are various techniques and tools used for fault detection, such as network monitoring, log analysis and anomaly detection. Network monitoring involves continuously monitoring the network's performance and behavior to detect any issues or errors. Log analysis involves analyzing system logs to identify patterns or anomalies that may indicate a fault. Anomaly detection involves using machine learning algorithms to detect unusual patterns or behavior in the network.

Geographical Share :

North America's Increasing Demand For Data-Driven Insights And The Rising Complexity Of Networks Across Various Industries

Network analysis is a critical tool for businesses and organizations to understand the structure and behavior of complex systems, such as transportation, energy and communication networks. In North America, there is a growing demand for network analysis in various sectors, including transportation, energy, finance and healthcare making it more than 1/3th globally.

Furthermore, the network analysis market in U.S. is growing rapidly due to the increasing demand for data-driven insights and the rising complexity of networks across various industries. Network analysis is a powerful tool that helps businesses and organizations understand the structure and behavior of complex systems, enabling them to optimize their operations, reduce costs and improve performance.

Companies in the region are also heavily investing in the business. For instance, on 1st March 2023, ExtraHop, a pioneer in cloud-native network detection and response, today declared that Forrester Research had recognized it as a notable vendor in its Network Analysis and Visibility Landscape report for the first quarter of 2023.

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Competitive Landscape

The major global players include Cisco Systems Inc, IBM Corporation, Microsoft Corporation, SAS Institute Inc oracle Corporation, Splunk Inc, Riverbed Technology Inc, NetScout Systems Inc, Ixia and SolarWinds Inc.

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