The network telemetry market has seen considerable growth due to a variety of factors.
• The scale of the network telemetry market has experienced rapid expansion in recent years. Its growth is projected to skyrocket from $0.69 billion in 2024 to $0.97 billion in 2025, reflecting a Compound Annual Growth Rate (CAGR) of 40.8%.
The substantial growth during the historical period can be ascribed to an increased prevalence of high-speed internet, an upsurge in the adoption of cutting-edge technologies by small-scale industries, heightened research and development in network technologies, widespread modernization, and the expansion of industrial infrastructure.
The network telemetry market is expected to maintain its strong growth trajectory in upcoming years.
• Predictions for the network telemetry market size suggest a significant upswing over the next several years. It's forecasted to reach $3.79 billion by 2029, manifesting a compound annual growth rate (CAGR) of 40.5%.
Factors contributing to this rise during the projected period include an upsurge in security breaches, increased demand for network infrastructure, ongoing globalization, higher penetration of network enabled devices, and a surge in digitization. Emerging trends for the same period incorporate innovation in network performance data, growing acceptance of breakthrough technologies like IoT, AI, and SDN, technological advancements in functional systems, and inventive telemetry solutions aiming to boost business operations.
The growth of the network telemetry market is being driven by the escalating instances of network attacks and security infractions. Incidents of unauthorized access or interference with digital systems are considered as network attacks and security breaches. Countless internet-linked devices, such as smartphones, IoT gadgets and smart appliances, amplify the area of attack for cyber criminals. The connection of additional devices to networks promotes more potential vulnerabilities for attackers to exploit and gain illegitimate access. Network telemetry enhances threat identification, response to incidents, and forensic study, utilizing network data in real-time and high fidelity for comprehensive insights and pre-emptive defense mechanisms. For example, a report by Check Point, an Israel-based software security firm, in January 2023 highlighted a 38% increase in worldwide cyber attacks in 2022 compared to 2021. The communications industry witnessed a typical 1,380 attacks per week per organization, signifying a 27% rise compared to 2021. Similarly, the Internet service provider/managed service provider (ISP/MSP) sector experienced an average of 1,372 attacks weekly per organization in 2022, marking a 28% upsurge from the prior year. Thus, the rising incidents of network attacks and security infractions are fueling the expansion of the network telemetry market.
The network telemetry market covered in this report is segmented –
1) By Components: Service, Solutions
2) By Deployment Type: Cloud-Based, On-Premise
3) By Organizational Size: Small Medium-Sized Enterprise, Large Enterprise
4) By End-Use: Verticals, Service Providers
Subsegments:
1) By Services: Consulting Services, Integration Services, Support And Maintenance Services, Training And Education Services
2) By Solutions: Hardware Solutions, Software Solutions, Cloud-Based Solutions, On-Premise Solutions
Key players in the network telemetry market are focusing on creating high-tech solutions like cloud solutions to speed up autonomous operations. These platforms allow for the real-time tracking and assessment of network traffic, vital for businesses to ensure network safety, identify risks, and enhance performance. For example, in March 2023, Altice Labs SA, a telecommunications equipment corporation based in Portugal, unveiled the NOSSIS one network telemetry platform. This cloud solution is designed to speed up autonomous operations for digital service providers (DSPs). The goal of this platform is to ensure networks operate autonomously with the least possible human involvement by utilizing autonomic processes. The NOSSIS one platform combines the Altaia network mediation framework and offers superior network data gathering, underlining the value of virtual, programmable networks and self-orchestrated OSS systems.
Major companies operating in the network telemetry market are:
• Verizon Communications Inc.
• Huawei Technologies Co. Ltd.
• Accenture plc
• International Business Machines Corporation
• Cisco Systems Inc.
• Oracle Corporation
• SAP SE
• Hewlett Packard Enterprise Company (HPE)
• Salesforce Inc.
• Tata Consultancy Services Limited
• Capgemini SE
• Cognizant
• Infosys Limited
• Lumen Technologies Inc.
• Telstra Corporation Ltd.
• VMware Inc.
• Wipro Ltd.
• Tech Mahindra Ltd.
• Palo Alto Networks Inc.
• Juniper Networks Inc.
• Amdocs Limited
• Arista Networks Inc.
• Genpact Ltd.
• Netcracker Technology Corp.
• VOLANSYS Technologies
North America was the largest region in the network telemetry market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the network telemetry market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.