What Is The Current and Historic Market Size Analysis Of The Network Analytics Market?
The network analytics market has seen considerable growth due to a variety of factors.
• The size of the network analytics market has significantly increased in the past few years. The market which stood at $4.41 billion in 2024, is projected to rise to $5.35 billion in 2025, with an impressive compound annual growth rate (CAGR) of 21.2%.
This growth observed in the historical period can be credited to factors such as escalating network complexity, heightened cybersecurity issues, the need for improved operational efficiency, and necessary regulatory compliance.
What are the Market Size and Expected Growth Rates for the Network Analytics Market?
The network analytics market is expected to maintain its strong growth trajectory in upcoming years.
• Anticipations are high for a surge in the network analytics market scope in the forthcoming years, potentially enlarging it to a worth of $11.84 billion by the year 2029. This expansion, at a CAGR of 22.0%, is believed to be resultant from the uptake of AI and machine learning, proliferation of edge computing, wider acceptance of SD-WAN and cloud, alongside a rising desire for predictive understanding.
The forecast period will witness remarkable trends including a surge in the adoption of AI and machine learning, increased reliance on cloud-native solutions, heightened focus on security analytics, amalgamation of network and application, and the progression of 5G networks.
Which Key Drivers Are Propelling The Network Analytics Market's Growth?
The elevated intricacy of cyber threats is predicted to boost the expansion of the network analytics market. Cyber threats are malicious acts or attacks aimed at computer systems, networks, or digital devices with the intent to disrupt operations, pilfer sensitive data, or inflict damages. The rise in these threats is due to technological progression, heightened connectivity, and the escalating expertise of cybercriminals. Network analytics plays a crucial role in diminishing cyber threats by offering real-time monitoring, detection and analysis of network traffic patterns. For instance, the Australian Cyber Security Centre, a government agency based in Australia, reported approximately 76,000 cyberattacks in 2022, marking a 13% increase from the prior year. Hence, the escalated intricacy of cyber threats is fueling the growth of the network analytics market.
What Are The Key Segments Within The Global Network Analytics Market?
The network analytics market covered in this report is segmented –
1) By Component: Network Intelligence Solutions, Services
2) By Deployment: Cloud, On-Premise
3) By Enterprise Size: Large, Small And Medium-Sized Enterprises
4) By Application: Customer Analysis, Risk Management, Fault Detection, Network Performance Management, Quality Management, Other Applications
5) By End-User: Cloud Service Providers, Managed Service Providers, Telecom Providers, Other End-Users
Subsegments:
1) By Network Intelligence Solutions: Traffic Analysis Solutions, Network Performance Monitoring Solutions, Network Security Solutions, Data Analytics Solutions
2) By Services: Professional Services, Managed Services
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What Trends Are Reshaping The Future Of The Network Analytics Market?
Leading organizations in the network analytics market are zeroing in on the creation of novel products like network analytics tools to boost network security, efficacy, and performance. These tools are software solutions tailored to oversee, scrutinize, and enhance network performance, traffic, and security. For example, in June 2022, IBM, a technology firm based in the US, introduced IBM Cloud Pak for Watson AIOps version 3.4. This tool incorporates network analytics through its tie-up with IBM SevOne Network Performance Management (NPM). The latest connector amplifies full-stack observability, facilitating organizations to smoothly track network data flow and encourage proactive incident resolution. Prime features comprise upgraded capabilities for viewing events and alerts, the competency to explore multiple metrics simultaneously, and an improved performance of the change-risk model. Moreover, users have the privilege to create custom data collectors, promoting greater scalability and permitting more efficient resource allocation towards innovation, rather than merely troubleshooting issues.
Who Are the Key Players In The Network Analytics Market?
Major companies operating in the network analytics market report are:
• Dell Technologies
• Huawei
• Accenture PLC
• IBM Corporation
• Cisco Systems Inc.
• Broadcom
• Hewlett Packard Enterprise Company
• Actix
• Ericsson Inc.
• Nokia Corporation
• VMware Inc.
• Juniper Networks
• Fortinet
• Arista Networks
• Akamai Technologies
• Citrix Systems Inc.
• SAS Institute Inc.
• F5 Networks
• Alcatel-Lucent Enterprise SA
• Riverbed Technology
• Extreme Networks
• Tibco Software Inc.
• Netscout
• Sandvine Corporation
• Allot Communication
• Nivid Technologies
• Bradford Networks Inc.
What Are The Regional Insights Into The Network Analytics Market?
North America was the largest region in the network analytics market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the network analytics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
