Network Telemetry Market Report 2024 Latest Insights, Growth Rate, Future Trends And Forecast | Key Players : Verizon Communications Inc., Huawei Technologies Co. Ltd.

"The new report published by The Business Research Company, titled ""Network Telemetry Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033"", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the network telemetry market size has grown exponentially in recent years. It will grow from $0.49 billion in 2023 to $0.69 billion in 2024 at a compound annual growth rate (CAGR) of 40.3%. The network telemetry market size is expected to see exponential growth in the next few years. It will grow to $2.7 billion in 2028 at a compound annual growth rate (CAGR) of 40.5%.

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Network Assaults And Security Breaches Fuel Growth In The Network Telemetry Market
The increasing number of network assaults and security breaches is expected to propel the growth of the network telemetry market going forward. Network assaults and security breaches refers to unauthorized access or manipulations of digital systems. The proliferation of internet-connected devices, including smartphones, IoT devices, and smart appliances, has expanded the attack surface for cybercriminals. With more devices connected to networks, there are more potential entry points for attackers to exploit vulnerabilities and gain unauthorized access. Network telemetry is used to enhance threat detection, incident response, and forensic analysis by leveraging real-time, high-fidelity network data for comprehensive visibility and proactive defense strategies. For instance, in January 2023, according to a report by Check Point, an Israel-based software security provider, there was a 38% surge in global cyberattacks in 2022 compared to 2021. The communications industry experienced an average of 1,380 attacks per organization per week, marking a 27% increase compared to 2021. Similarly, the Internet service provider/managed service provider (ISP/MSP) industry encountered an average of 1,372 attacks per organization per week in 2022, reflecting a 28% increase from the previous year. Therefore, the increasing number of network assaults and security breaches is driving the growth of the network telemetry market.

Cloud-Based Network Telemetry Solutions Transforming The Industry
Major companies operating in the network telemetry market focus on the development of technologically advanced solutions such as cloud solutions designed to accelerate autonomous operations. This platform enables real-time monitoring and analysis of network traffic, which is essential for organizations to ensure network security, detect threats, and optimize performance. For instance, in March 2023, Altice Labs SA, a Portugal-based telecommunication equipment company, launched the NOSSIS one network telemetry platform, a cloud solution designed to accelerate autonomous operations for digital service providers (DSPs). This platform aims to enable networks to run autonomously with minimal human intervention by leveraging autonomic processes. The NOSSIS one platform integrates the Altaia network mediation framework and supports advanced network data collection, emphasizing the importance of virtual, programmable networks and self-orchestrated OSS systems.

The network telemetry market covered in this report is segmented -

1) By Components: Service, Solutions
2) By Deployment Type: Cloud-Based, On-Premise
3) By Organizational Size: Small Medium-Sized Enterprise, Large Enterprise
4) By End-Use: Verticals, Service Providers

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Major companies operating in the network telemetry market are Verizon Communications Inc., Huawei Technologies Co. Ltd., International Business Machines Corporation, Cisco Systems Inc., Oracle Corporation, SAP SE, Hewlett Packard Enterprise Company (HPE), Salesforce Inc., Tata Consultancy Services Limited, Capgemini SE, Cognizant, Infosys Limited, Lumen Technologies Inc., Telstra Corporation Ltd., VMware Inc., Wipro Ltd., Tech Mahindra Ltd., Palo Alto Networks Inc., Juniper Networks Inc., Amdocs Limited, Arista Networks Inc., Genpact Ltd., Netcracker Technology Corp., VOLANSYS Technologies

Contents of the report:
1. Executive Summary
2. Network Telemetry Market Report Structure
3. Network Telemetry Market Trends And Strategies
4. Network Telemetry Market - Macro Economic Scenario
5. Network Telemetry Market Size And Growth
…..
27. Network Telemetry Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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