Network analytics refers to the process of collecting, analyzing and interpreting data from network systems to enhance performance, improve security and support strategic decision-making. This market encompasses a variety of tools and services that help organizations understand and optimize their network operations.
The network analytics market consists of sales by entities (organizations, sole traders and partnerships) of network analytics products and services utilized by various industries, including telecommunications, cloud service providers, managed service providers and other enterprises. It is employed to monitor network performance, detect faults, manage risks and ensure quality and compliance standards are met. Complementary products to network analytics include network management systems and cybersecurity solutions, while substitute services might involve manual network monitoring and basic data analysis tools.
The global network analytics market was valued at $1,402.28 million in 2018 which grew till 2023 at a compound annual growth rate (CAGR) of more than 21.00%.
Increasing Sophistication Of Cyber Threats
During the historic period, the increasing sophistication of cyber threats supported the growth of the network analytics market. Sophisticated cyber threats frequently involve intricate, multi-stage attacks that traditional security measures struggle to detect. Network analytics offers advanced threat detection by examining patterns and anomalies in network traffic, enabling the identification of potential threats before they inflict significant harm. For instance, in November 2022, according to the Australian Cyber Security Centre, an Australian-based government agency, there were around 76,000 reports of cyberattacks in 2022, a 13% rise from the previous year. Therefore, the increasing sophistication of cyber threats has driven the growth of the network analytics market.
Innovations In Telecommunications Analytics And Troubleshooting For High Service Availability
Companies in the network analytics market are focusing on advancements in technologies and methodologies aimed at improving the analysis and resolution of issues within telecommunications networks to maintain high service availability, improve operational efficiency and enhance customer satisfaction. Advanced analytics can effectively manage network complexities and deliver reliable telecommunications services in a dynamic and competitive market landscape. For instance, in September 2023, Ericsson, a Sweden-based telecommunications company, expanded its Ericsson Expert Analytics product, which offered advanced troubleshooting features. Advanced troubleshooting utilizes artificial intelligence (AI) and machine learning tools to evaluate telecommunications network data in the present and identify the root cause of any issues for troubleshooting purposes. Additionally, in June 2023, Cisco Systems, Inc., a US-based multinational digital communications technology corporation, launched the Networking Cloud Platform to streamline network gear management via a unified interface. This platform was introduced alongside updates to Cisco's products, including the Thousand Eyes infrastructure monitoring service and the Catalyst portfolio.
The global network analytics market is concentrated, with a few large players operating in the market. The top ten competitors in the market made up to 39.60% of the total market in 2023.
Network Analytics Global Market Opportunities And Strategies To 2033 from The Business Research Company provides the strategists; marketers and senior management with the critical information they need to assess the global network analytics market as it emerges from the COVID-19 shut down.
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Where is the largest and fastest-growing market for network analytics? How does the market relate to the overall economy; demography and other similar markets? What forces will shape the market going forward? The network analytics 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 history and forecasts market growth by geography. It places the market within the context of the wider network analytics market; and compares it with other markets.
The report covers the following chapters
- Introduction and Market Characteristics- Brief introduction to the segmentations covered in the market, definitions and explanations about the segment by component, by application, by end-user, by deployment and by enterprise size.
- Key Trends- Highlights the major trends shaping the global market. This section also highlights likely future developments in the market.
- Macro-Economic Scenario- The report provides an analysis of the impact of the COVID-19 pandemic, impact of the Russia-Ukraine war and impact of rising inflation on global and regional markets, providing strategic insights for businesses in the network analytics market.
- Global Market Size And Growth- Global historic (2018-2023) and forecast (2023-2028, 2033F) market values and drivers and restraints that support and control the growth of the market in the historic and forecast periods.
- Regional And Country Analysis- Historic (2018-2023) and forecast (2023-2028, 2033F) market values and growth and market share comparison by region and country.
- Market Segmentation- Contains the market values (2018-2023) (2023-2028, 2033F) and analysis for each segment by component, by application, by end-user, by deployment and by enterprise size in the market. Historic (2018-2023) and forecast (2023-2028) and (2028-2033) market values and growth and market share comparison by region market.
- Regional Market Size and Growth- Regional market size (2023), historic (2018-2023) and forecast (2023-2028, 2033F) market values and growth and market share comparison of countries within the region. This report includes information on all the regions Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa and major countries within each region.
- Competitive Landscape- Details on the competitive landscape of the market, estimated market shares and company profiles of the leading players.
- Other Major And Innovative Companies- Details on the company profiles of other major and innovative companies.
- Competitive Dashboard- Briefs on competitive dashboard of major players.
- Competitive Benchmarking- Briefs on the financials comparison between major players in the market.
- Key Mergers and Acquisitions- Information on recent mergers and acquisitions in the market is covered in the report. This section gives key financial details of mergers and acquisitions which have shaped the market in recent years.
- Market Opportunities And Strategies- Describes market opportunities and strategies based on findings of the research, with information on growth opportunities across countries, segments and strategies to be followed in those markets.
- Conclusions And Recommendations- This section includes recommendations for network analytics providers in terms of product/service offerings geographic expansion, marketing strategies and target groups.
- Appendix- This section includes details on the NAICS codes covered, abbreviations and currencies codes used in this report.
Markets Covered:
- 1) By Component: Network Intelligence Solutions; Services
- 2) By Application: Customer Analysis; Risk Management; Fault Detection; Network Performance Management; Quality Management; Other Applications
- 3) By End-User: Cloud-Service Providers; Managed Service Providers; Telecom Providers; Other End Users
- 4) By Deployment: Cloud; On-Premise
- 5) By Enterprise Size: Large Enterprises; Small And Medium-Sized Enterprises (SMEs)
- Companies Mentioned: Telefonaktiebolaget LM Ericsson; Cisco Systems, Inc; Nokia Corporation; Hewlett Packard Enterprise Company; Huawei Technologies Co., Ltd
- Countries: China; Australia; India; Indonesia; Japan; South Korea; USA; Canada; Brazil; France; Germany; Italy; Spain; UK; Russia
- Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
- Time-series: Five years historic and ten years forecast.
- Data: Ratios of market size and growth to related markets; GDP proportions; expenditure per capita; network analytics indicators comparison.
- Data segmentations: country and regional historic and forecast data; market share of competitors; market segments.
- Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.