Global Network Telemetry Market is expected to record a positive CAGR of ~20% during the forecast period (2022-2028): Ken Research
What Is the Size of Global Network Telemetry Industry?
Global Network Telemetry market is growing at a CAGR of ~% in 2017-2022 and is expected to reach ~USD 1 Bn by 2028. The Network Telemetry Market is largely driven by the increasing cases of cyberattacks which are targeted toward the companies’ servers and networks.
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.
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.
Global Network Telemetry Market By Component
The Global Network Telemetry market is segmented by Component into Solutions, Services (Consulting, Integration and Deployment, Training, Support and Maintenance). The Solutions segment held the largest market share in the Global Network Telemetry Market in 2022. 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.
Global Network Telemetry Market By Deployment
The Global Network Telemetry market is segmented by Deployment into On-Premise and Cloud. The On-Premise segment held the larger share of the Global Network Telemetry Market in 2022. 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.
Global Network Telemetry Market By Enterprise Size
The Global Network Telemetry market is segmented by Enterprise size into Small & Medium Enterprises and Large Enterprises. The Small & Medium Enterprises segment held the larger share of the Global Network Telemetry Market in 2022.
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.
Request For Free Sample Report @ https://www.kenresearch.com/sample-report.php?Frmdetails=NTk2MTQ4
Global Network Telemetry Market By End-User
The Global Network Telemetry market is segmented by End-User into Service Providers (Telecom Service Providers (TSPs), Cloud Service Providers (CSPs), Managed Service Providers (MSPs) and Others, Verticals). The Service Providers segment held the larger share of the Global Network Telemetry Market in 2022.
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.
Global Network Telemetry Market By Geography
The Global Network Telemetry market is segmented by geography into North America, Europe, Asia- pacific and LAMEA. North America accounted for the largest market share in 2022 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.
Competition Scenario In Global Network Telemetry Market
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.
Request for Custom Report @ https://www.kenresearch.com/ask-customization.php?Frmdetails=NTk2MTQ4
What is the Expected Future Outlook for the Overall Global Network Telemetry Market Across the globe?
The Global Network Telemetry market was valued at USD ~billion in 2022 and is anticipated to reach USD ~1 billion by the end of 2028, witnessing a CAGR of ~% during the forecast period 2022-2028. The realistic growth scenario represents the most likely scenario as per current market conditions. This scenario assumes that there will be no overall impact on the market due to any potential COVID-19 waves in the future.
The Global Network Telemetry market is driven by the increasing cases of cyberattacks which are targeted toward the companies’ servers and networks. However, the market is also constantly being influenced by rapid development in technology, product innovation, and diversification in some countries.
With the increasing collaboration and emergence of new products, the Global Network Telemetry market is changing rapidly. For instance, 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.
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.
For more insights on the market intelligence, refer to below link:-
