PUBLISHER: The Business Research Company | PRODUCT CODE: 1465842
PUBLISHER: The Business Research Company | PRODUCT CODE: 1465842
Network traffic analysis solutions encompass tools and techniques utilized to monitor, analyze, and interpret network traffic patterns and behaviors. These tools offer insights into activities within a computer network, aiding in the identification of anomalies, security threats, performance issues, and optimization opportunities.
The primary components of network traffic analysis solutions consist of solutions and services. Solutions typically refer to software or systems designed for monitoring, analyzing, and managing network traffic. They encompass various deployments, including cloud and on-premises, and cater to industry verticals such as banking, financial services and insurance (BFSI), government, healthcare, energy and utilities, education, telecommunications and information technology, manufacturing, and retail.
The network traffic analysis solutions market research report is one of a series of new reports from The Business Research Company that provides network traffic analysis solutions market statistics, including network traffic analysis solutions industry global market size, regional shares, competitors with a network traffic analysis solutions market share, detailed network traffic analysis solutions market segments, market trends and opportunities, and any further data you may need to thrive in the network traffic analysis solutions industry. This network traffic analysis solutions market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The network traffic analysis solutions market size has grown rapidly in recent years. It will grow from $4.66 billion in 2023 to $5.31 billion in 2024 at a compound annual growth rate (CAGR) of 13.9%. The growth observed during the historic period can be attributed to several factors, including the shift towards encrypted traffic, emphasis on user behavior analytics, expansion of Bring Your Own Device (BYOD) policies, and the rise of cloud computing.
The network traffic analysis solutions market size is expected to see rapid growth in the next few years. It will grow to $8.85 billion in 2028 at a compound annual growth rate (CAGR) of 13.6%. The anticipated growth in the forecast period can be attributed to several factors, including integration with Security Orchestration, Automation, and Response (SOAR) platforms, a shift towards eXtended Detection and Response (XDR) approaches, a focus on threat hunting capabilities, adoption of cloud-native architectures, and a shift towards remote work. Major trends expected in the forecast period include integration with AI and machine learning, adoption of emerging technologies, real-time visibility, cloud-native solutions, and AI-driven security.
The increasing incidence of cyberattacks is expected to drive the growth of the network traffic analysis solutions market in the future. Cyberattacks involve malicious efforts by individuals or organizations to disrupt, damage, or gain unauthorized access to computer systems, networks, or digital devices. Given the rising frequency and complexity of cyber threats, organizations are investing in network traffic analysis solutions to identify and mitigate potential security breaches. These solutions are crucial in rapidly detecting anomalies, conducting threat analysis, and enhancing overall security measures within organizations. For example, according to the Australian Cyber Security Centre in November 2022, cybercrime reports surged to 76,000, marking a 13% increase from the previous year. Hence, the escalating number of cyberattacks is fueling the expansion of the network traffic analysis solutions market.
Key players in the network traffic analysis solutions market are concentrating on developing innovative solutions, such as alphaSOC analytics engines and cloud-native network traffic analysis, to deliver advanced detection and prevention capabilities against cyber threats in cloud networks. For instance, in October 2022, AlphaSOC, a US-based network telemetry company, introduced alphaSOC analytics engines aimed at identifying compromised workloads across leading cloud platforms, contributing to enhanced cloud security measures. These engines leverage advanced network behavior analytics to strengthen cybersecurity measures. Moreover, this cutting-edge technology enables the monitoring and analysis of network traffic in cloud environments, thereby bolstering cybersecurity measures through the identification and prevention of cyberattacks.
In July 2021, Sophos Ltd., a UK-based IT security company, acquired Braintrace to augment its extended detection and response (XDR) capabilities by providing comprehensive visibility into network traffic for its clientele. This strategic acquisition enables Sophos to enhance its adaptive cybersecurity ecosystem and reinforce its threat detection capabilities. Braintrace, a US-based provider of intelligent cybersecurity services specializing in network traffic analysis solutions, further enhances Sophos' portfolio in the realm of cybersecurity.
Major companies operating in the network traffic analysis solutions market are Microsoft Corporation, Accenture plc, International Business Machines Corporation, Cisco Systems Inc., Broadcom Inc., Hewlett Packard Enterprise Co., Nokia Corporation, NEC Corporation, Palo Alto Networks Inc., Juniper Networks, Viavi Solutions Inc., Dynatrace LLC, Cloudflare Inc., NETSCOUT Systems Inc., FireEye Inc., SolarWinds Corporation, Progress Software Corporation, Ascom Holdings, Allot Ltd., Ipswitch Inc, Core Security Technologies, Awake Security, Kentik Technologies Inc., Plixer International Inc., Bricata Inc
North America was the largest region in the network traffic analysis solutions market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the network traffic analysis solutions market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the network traffic analysis solutions market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The network traffic analysis solutions market includes revenues earned by entities by providing services such as security incident detection, forensic analysis, application performance monitoring, traffic collection and analysis, and anomaly detection services. The market value includes the value of related goods sold by the service provider or included within the service offering. The network traffic analysis solutions market consists of sales of packet capture, data processing engines, analysis engines, visualization tools, threat intelligence feeds, and intrusion detection systems. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Network Traffic Analysis Solutions Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on network traffic analysis solutions market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for network traffic analysis solutions ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The network traffic analysis solutions market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.