Network Traffic Analytics Market Size Will Gain a Significant Value of $3,106 Million by 2026 | ALLOT LTD., MICROSOFT CORPORATION

The global network traffic analytics market size was valued at $865 million in 2018, and is projected to reach $3,106 million by 2026, registering a CAGR of 17.4% from 2019 to 2026.

Asia-Pacific is projected to generate the highest growth rate during the forecast period, owing to ever-growing penetration of smartphones and internet users in this region. In addition, an increase in overall disposable income of people in Asian countries, such as China, Japan, and India, is also fostering people to use advanced technologies, such as connected devices, Internet of Things (IoT), and cloud computing.

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Increase in need for real-time network data analysis, growth in adoption of advanced technologies, and rise in the amount of Distributed Denial-of-Service (DDoS) attacks are the key factors which drives the network traffic analytics market growth. However, accessibility to free network traffic analysis tools is restraining the growth of the market. Furthermore, advent of 5G technology is anticipated to provide NTA market opportunity in forthcoming years.

By region, North America dominated the global market in 2018 and is expected to remain dominant during the network traffic analytics market forecast period due to presence of major market players such as Microsoft, IBM, Cisco, in the region. In addition, increase in adoption of the network traffic analytics solutions among the users is also contributing to the growth in this region.

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Some of the key players in network traffic analytics market analysis include Juniper Networks Inc., Symantec, Juniper Networks, IBM Corporation, Huawei Technologies Co. Ltd., Cisco Systems Inc., Allot Communication, Ascom Holdings and Nokia Networks.

Key Findings of the Study:

Based on component, the solutions segment dominated the global network traffic analytics market in 2018 and is expected to generate highest revenue during the forecast period.
Based on deployment type, the on-premise segment dominated the market in 2018 and is expected to generate highest revenue during the forecast period. However, the cloud segment is expected to witness highest growth rate in the upcoming years.
On the basis of organization size, the large organizations segment dominated the global network traffic analytics market in 2018 and it is expected to remain dominant throughout the forecast period.
In terms of end user, the enterprises segment dominated the global network traffic analytics industry in 2018 and is expected to generate highest revenue during the forecast period.

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