Global Network Analytics Market Size By Component (Solution, Services), By Deployment Type (Cloud-based, On-premise), By End-User (BFSI, Government), By Geographic Scope And Forecast

Network Analytics Market Size And Forecast

Network Analytics Market size was valued at USD 2340.61 Million in 2020 and is projected to reachUSD 13795.59 Million by 2028, growing at aCAGR of 24.85% from 2021 to 2028.

The ability to plan and manage network capacity is the main priority of communication service providers which is one of the main factors driving the Network Analytics Market. Increased network traffic, targeted marketing, and quality of experience (QoE) maintenance are some factors anticipated to propel the Network Analytics Market growth. The Global Network Analytics Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Network Analytics Market Definition

Network analytics provides insights into devices that are present on the network during execution and also for their communication progress. Moreover, network analytics is growing exponentially in the digitization of various organizations, businesses, and enterprises has resulted in an increase in the demand for Network Analytics Market. Network analytics technology performs advanced traffic forecasting that consists of data load forecasting, device performance, and application performance, and user behavior. The optimization of networks using network analytics helps in retaining customers by providing a better experience.

The increased adoption of bringing your own device (BYOD), may lead to unscrupulous activities and misuse of business-critical data. To overcome this, organizations are increasingly adopting network analytics solutions to analyze the problems in the network and enable the user to gain secure access to confidential information. Network intelligence solution such as network intelligence services, which include services such as managed services, professional services, and network intelligence solution has a wide impact on Network Analytics Market growth due to growing network disputes faced by many organizations worldwide.

Global Network Analytics Market Overview

The demand for advanced analytical tools and analytics applications is increasing rapidly due to the massive challenge of analyzing the huge amount of network data structure in real-time. Network analytics provides solutions like network intelligence solutions and managed and professional services. The ability to plan and manage network capacity is the main priority of communication service providers which is one of the main factors driving the Network Analytics Market. Increased network traffic, targeted marketing, and quality of experience (QoE) maintenance are some factors anticipated to propel the Network Analytics Market growth.

The rising network complexity due to the arrival of new technologies, such as IoT, 5G, and cloud, upsurge in data volume and changes in traffic patterns, and growth in SDN integration with existing network infrastructures are some of the significant factors driving the growth of the Network Analytics Market. The global Network Analytics Market is anticipated to boost the high growth during the forecast period due to increasing prevention needs from several cyber-attack on the network. Challenges faced by Network Analytics Market are in terms of effectively maintaining the quality of experience and quality of service.

Global Network Analytics Market: Segmentation Analysis

The Global Network Analytics Market is Segmented on the basis of Component, Deployment Type, End-User, and Geography.

Network Analytics Market, By Component

• Solution
• Network Intelligence Solutions
• Services
• Managed services
• Professional services

Based on Component, the market is segmented into Solution and Services. Professional services offer a complete set of detailed procedures and insights for enhancing the business aspects and assure the continuity of the company. The facilities provide the complete planning and execution of strategies to implement sustainable network infrastructure in the Network Analytics Market.

• The system integration services provided by the solution providers offer cohesive services to the end-users to efficiently implement and integrate network analytics solutions into their existing IT and network infrastructure systems. The demand for these services in the market could increase rapidly due to the need for organizations to comply with the different network and radiation regulations across the globe.

Network Analytics Market, By Deployment Type

• Cloud-based
• On-premise

Based on Deployment Type, the market is segmented into Cloud-based and On-premise. The system installed on the premises of the individual or the organization rather than at a remote facility can be termed as the on-premises deployment of solutions. On-premises solutions are delivered on a one-time license fee and an annual service agreement, which also include free upgrade. The organizations that can afford the high cost or include data criticality, opt for on-premises deployment as such deployments require vast infrastructure and own data centers.

• Therefore, usually, large enterprises choose on-premises deployment over cloud wherein SMEs often face the dilemma amongst hosted or on-premises network analytics solutions. On-premises deployments require dedicated IT staff for maintenance and support; high-end IT and networking infrastructure; and it also brings in better control over system and data. It is also accompanied by various drawbacks such as high deployment costs which could not always be possible for every organization to make investments. However, the growth of the on-premises deployment model is getting affected by the rapid development of cloud computing solutions in the market.

Network Analytics Market, By End-User

• BFSI
• Government
• Healthcare
• IT and Telecom
• Others

Based on End-User, the market is segmented into BFSI, Government, Healthcare, IT and Telecom, and Others. Productive advancements in the telecom service offerings over the years have widely influenced the user experience. Telecom network analytics provides large-scaled analytical and technology solutions models to examine the entire system scenario through network analytics for communication service providers (CSPs). The financial services sector is expected to be the prime growth driver and is experiencing a growth in compliance guidelines. This growth can be attributed to the increasing application of such software in the BFSI sectors. Moreover, the government sector applications are expected to witness growth mainly due to an increase in and data requirements.

Network Analytics Market, By Geography

• North America
• Europe
• Asia Pacific
• Rest of the world
• On the basis of Geography, the Global Network Analytics Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. North America is dominating the Network Analytics Market owing to the high implementation of analytics solutions. Apart from it, the availability of scalable infrastructure, increased cyber-attacks, malware, and higher technology adoption by many organizations will have a positive impact on the market of network analytics in this region. The Network Analytics Market shows steady and considerable growth in Europe. Asia Pacific Network Analytics Market is expected to show a positive growth over the forecast period owing to factors such as rising smartphone penetration and larger infrastructure investment by communication service providers and cloud service providers.

Key Players

• The "Global Network Analytics Market" study report will provide a valuable insight with an emphasis on the global market including some of the major players such as
• IBM Corporation, Accenture PLC, Cisco Systems, Inc., Brocade Communications Systems, Inc., Bradford Networks, Juniper Networks, Alcatel-Lucent, Tibco Software, SAS Institute, Inc., Kitewheel.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Key Developments

• Partnerships, Collaborations and Agreements
• Extreme Networks announced a collaboration with Broadcom, a developer of enterprise campus networking solutions, in October 2019. Extreme Networks will use this agreement to power its range of edge, access, and campus networking solutions, allowing it to provide robust segmentation, security, policy, resiliency, telemetry, and performance benefit solutions to enterprise partners and customers.
• May 2019: Nokia collaborated with Telefonica Spain, and Telefonica used Nokia's Deepfield Cloud analytics technology as part of this engagement. The platform aids in real-time visibility and automation in its Fusion network.
• In April 2019, SAS has teamed with Siemens to provide clients with access to SAS advanced and predictive analytics in MindSphere to increase the adoption of artificial intelligence and machine learning in Internet-of-Things environments.
• Mergers and Acquisitions
• Singularity Networks, a network infrastructure analytics firm that provides network monitoring and analytics solutions for service provider networks and complicated enterprise networks, was acquired by Cisco in February 2019. Cisco will integrate its Crosswork Network Automation portfolio with the analytics platform capabilities of Singularity Networks to enable analytical functions at scale.
• Extreme Networks acquired Aerohive Networks in August 2019, and Extreme will add Aerohive's cloud-based network management capabilities to its portfolio. Extreme hopes to create a comprehensive network technology portfolio for clients with this connection.
• To become the premier cloud provider, IBM purchased Red Hat, a multinational software firm, in July 2019. Through the acquisition of Red Hat, IBM has accelerated its high-value business model.
• Product Launches and Product Expansions
• Huawei announced the release of iMaster NCE, autonomous network management, and control system, in September 2019. This system combines control, management, and analysis to help enterprise networks transition smoothly from the SDN era to the autonomous driving era.
• NetScout announced the release of Arbor Threat Analytics (ATA), the industry's first Network-Based Threat Detection and Analytics Platform, in July 2019. This technology provides a 360-degree view into today's multi-cloud setups. This product combines Netscout's unparalleled access to network knowledge with its ability to immediately identify and characterize threats by leveraging its experience in traffic monitoring and analytic capabilities.
• Cisco AI Network Analytics, a software suite that employs machine learning and AI techniques, was released in June 2019. It learns network traffic and security trends to assist clients in proactively detecting and resolving problems across the company.