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Network Traffic Analytics Market: Segmented: By Component (Solution, Service), By Deployment (Cloud, On-Premise), By End User (BFSI, IT and Telecom, Government, Energy and Power, Retail), And Region - Global Analysis of Market Size, Share & Trends For 2019-2021 And Forecasts To 2031
{170+ Pages Research Report ] Network Traffic Analytics Market to surpass USD 8.36 billion by 2031 from USD 1.96 billion in 2021 at a CAGR of 15.6% in the coming years, i.e., 2021-2031.
Network traffic analytics captures and examines network traffic in order to figure out any situation. For decades, companies have been using network traffic data in order to optimize bandwidth and corporate efficiency. Advanced network traffic analytics tools have recently become available, allowing businesses to tap into network traffic to secure their networks by better understanding network activities. A clear understanding of what is happening across the network in real-time is provided by aggregating packet data acquired from sensors. Network traffic analytics systems analyze traffic and its flow to establish a baseline of traffic trends. These solutions use advanced analytics and machine learning to detect and alert IT against dangerous assaults.
Network Traffic Analytics Market is expected to project a notable CAGR of 15.6% in 2031.
Factors, such as the need to address network complexity arising from the introduction of new technologies such as 5G, IoT, and cloud, as well as an increase in data volume and changes in traffic patterns, as well as the rise in SDN integration with existing network infrastructures, are propelling the market forward. Furthermore, as the number of system applications grows, so does the demand for network stability and better management around the world.
The Solution segment is expected to grow with the highest CAGR during 2021-31
Global Network Traffic Analytics Market is classified on the basis of Component into Solution, and Software. The solutions segment dominated the network traffic analytics market, and this trend is projected to continue during the forecast period. The surge in demand for network traffic analysis solutions among enterprises to find, assess, and handle security threats is largely responsible for this segment's growth.
The On-Premise segment is expected to grow with the highest CAGR during 2021-31
Based on Deployment, the global Network Traffic Analytics Market is fragmented into Cloud, and On-Premise. The On-Premise segment is expected to lead the market in the near future. On-premises solutions come with a one-time license price and a yearly service agreement that includes a free upgrade. On-premises deployment is preferred by enterprises that can afford a high cost or have a high level of data criticality, as such deployments necessitate a large infrastructure and their own data centers. As a result, large businesses typically prefer on-premises deployment over cloud, whilst SMEs frequently face a choice between hosted and on-premises network analytics solutions.
The Rising Need for Real-Time Network Analysis and Adoption of New Technologies
The growing demand for real-time network data analysis, as well as the increasing data volume and changes in traffic patterns around the world, are driving the network traffic analytics market forward. In addition, the network traffic analytics market is predicted to grow due to the increased use of advanced technologies and an increase in the number of distributed denial of service (DDoS) assaults. In addition, the introduction of 5G technology is likely to generate significant growth opportunities for the NTA market in the future years.
Advancements in the Internet and the Growing Number of Online Attacks
With the rapid development of the internet and the expansion of businesses' digital infrastructure, cyber-attack are on the rise. Furthermore, the rise in DDoS attacks poses a persistent threat to enterprises that rely heavily on the internet. Users can also discover network traffic behavior patterns associated with advanced threats by integrating with sophisticated technologies such as advanced analytics, artificial intelligence (AI), and machine learning (ML).
High Initial Investment with the Network Traffic Analytics
The Network Traffic Analytics Market is hampered by a high initial investment associated with network traffic analyzer tools and the availability of free network traffic analysis tools, to name a few issues.
Global Network Traffic Analytics Market is segmented based on regional analysis into five major regions: North America, Latin America, Europe, Asia Pacific and the Middle East and Africa. Over the forecast period, North America is predicted to hold the greatest market size. Owing to the large-scale implementation of network analytics tools by organizations and enterprises in the country, the United States has emerged as the largest market for network analytics. The speedy expansion of the network analytics industry in the US can be attributed to the rapid infrastructure development in the US, and also the high growth of Machine Learning (ML), Internet of Things (IoT), Artificial Intelligence (AI), and cloud computing.
During the Covid-19 pandemic outbreak, the network traffic analytics market is predicted to develop at a faster rate. During the lockdown, organizations from all sectors adopted a "work from home" operating structure. By studying network behavior, network traffic analytics helps to optimize bandwidth and safeguard the network. As a result, during active lockdown, the use of network traffic analytics has increased.
Network Traffic Analytics Market is further segmented by region into:
Network Traffic Analytics Market Segments:
| Report Attribute | Details |
| Market size value in 2021 | USD 1.96 billion |
| Revenue forecast in 2031 | USD 8.36 billion |
| Growth Rate | CAGR of 15.6% from 2021 to 2031 |
| Base year for estimation | 2020 |
| Quantitative units | Revenue in USD million and CAGR from 2021 to 2031 |
| Report coverage | Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
| Segments covered | Component, Deployment, End User, and Region |
| Regional scope | Component, Deployment, End User, and Region |
| Key companies profiled | Accenture, Allot Ltd, Ascom Holdings, Cisco Systems Inc, Huawei Technologies Co Ltd, International Business Machines Corporation, Juniper Networks, Microsoft Corporation, Nokia Corporation, Symantec Corporation, and Other Prominent Players. |
Network Traffic Analytics Market size was estimated at USD 1.96 billion in 2021 and is expected to reach USD 8.36 billion in 2031.
Network traffic analysis (NTA) is a method of identifying anomalies in a network availability and activity like operational and security issues.
The On-Premise segment accounted for the largest Network Traffic Analytics Market share.
Key players in the Network Traffic Analytics Market include Accenture, Allot Ltd, Ascom Holdings, Cisco Systems Inc, Huawei Technologies Co Ltd, International Business Machines Corporation, Juniper Networks, Microsoft Corporation, Nokia Corporation, SYMANTEC CORPORATION, and Other Prominent Players.
Industry development is predicted to be fueled by advancements in network infrastructure, an increase in the number of DDoS attacks, and an increase in the usage of IoT, BYOD, and connected devices.
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