Network Traffic Analytics Market Analysis 2035
Research Nester published a report titled “Network Traffic Analytics Market: Global Demand Analysis & Opportunity Outlook 2035” which delivers detailed overview of the global network traffic analytics market in terms of market segmentation by component, deployment, end user, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
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The global network traffic analytics market is estimated to occupy a substantial revenue by recording a CAGR of ~13% during the forecast period, i.e., 2023 – 2035, owing to the rising number of system applications, and growing demand for stability and improved administration of networks around the world. Apart from these, escalating data volume and changes in traffic patterns across the globe, and advent of new technologies such as 5G technology, internet of things (IoT), and artificial intelligence (AI) are also crucial factors expected to drive market growth in the forthcoming years.
The market is segmented by component, deployment, and end user. Based on end user, the BFSI segment is predicted to occupy the largest share during the forecast period in view of the growing trends of digitization in banks in emerging countries, and growing utilization of banking services through online portal. Additionally, by deployment, the on-premise segment is projected to gather the largest share over the forecast period ascribing to the high preference of several companies for on-premise deployment as a result of growing concerns regarding data security and privacy protection worldwide.
Geographically, the global network traffic analytics market is segmented into five major regions, namely North America, Europe, Latin America, Asia Pacific, and the Middle East & Africa. North America is evaluated to grab the largest share in the market during the forecast period attributing to the growing adoption of network traffic analysis in the region. Moreover, Asia Pacific is predicted to register noteworthy market growth over the forecast period on the back of the growing penetration of laptops and smartphones, and continued rollout of complex enterprise data networks in the region.
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The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
Rising Data Volumes and Change in Traffic Patterns Globally to Boost Market Growth
Since the last few years, data usage is growing exponentially. With the increase in traffic congestion, the demand for effective network traffic analytics solutions is also rising as these tools offer improved visibility into devices connecting to your network. This in turn is assessed to drive significant market growth in the near future.
However, expensiveness of network traffic analytics solutions is expected to operate as key restraint to the growth of the global network traffic analytics market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global network traffic analytics market which includes company profiling of Cloudflare, Inc., Awake Security Inc., Broadcom Corporation, NEC Corporation, NETSCOUT Systems, Inc., Netreo Incorporated, Core Security Technologies, Nokia Corporation, Accenture Plc, Kentik Technologies Inc., and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global network traffic analytics market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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