PUBLISHER: Allied Market Research | PRODUCT CODE: 1414767
PUBLISHER: Allied Market Research | PRODUCT CODE: 1414767
According to a new report published by Allied Market Research, titled, "Network Analytics Market," The network analytics market was valued at $2.9 billion in 2022, and is estimated to reach $17 billion by 2032, growing at a CAGR of 19.7% from 2023 to 2032.
Network analytics is most useful to organizations with complex networks, overtaxed networks or high-level security requirements. As a result, large enterprises are more likely to use network analytics broadly than smaller companies. As the tools become easier to use, more standardized, less expensive or embedded in more managed services, companies with smaller networks find it more approachable to use analytics. But companies of every size consume network analytics as a built-in feature of cloud-managed network services, such as a network-as-a-service offering, managed software-defined WAN or managed wireless LAN service.
Network analytics provides network operators and administrators with a deeper understanding of their network. A typical network enterprise, data center, telecom or cloud is hugely diverse. It comprises various devices from multiple vendors, a load balancer from F5, a firewall from Checkpoint, routers, and switches from Cisco and Juniper. Pinpointing and addressing any issue in such a network without relevant statistics and analytical information is tedious and error prone. Network analytics allows the operator to collect valuable continuous data, analyze trends, and predict future behavior. True network analytics needs to start by being completely vendor agnostic. It should be able to collect data across disparate devices, store the relevant time series data and correlate that data in real time.
The network analytics market is segmented on the basis of component, deployment mode, enterprise size, application, end user, and region. On the basis of component, the market is categorized into network intelligence solution and services. By deployment mode, it is categorized into on-premise and cloud. On the basis of enterprise size, the market is categorized into large enterprise and small and medium-sized enterprise. In terms of application, the market is classified into customer analysis, risk management and fault detection, network performance management, quality management, and others. On the basis of end user, the market is categorized into cloud service providers, managed service providers, telecom providers, and others. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The global network analytics market is dominated by key players such as Cisco Systems, Inc., Broadcom, IBM Corporation, Hewlett Packard Enterprise Development LP, Accenture, Huawei Technologies Co., Ltd., SAS Institute Inc, Telefonaktiebolaget LM Ericsson, Juniper Networks, Inc., and Ciena Corporation.
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