Global Network Traffic Analytics Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027

Global Network Traffic Analytics Market Overview:

“The global Network Traffic Analytics Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”

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Network traffic analysis is a process of recording, studying, and analyzing network traffic in order to enhance performance of network operations, and to improve security. Network traffic analysis is used to understand and evaluate network utilization, to track download/upload speed, and to identify any suspicious and malicious packets within the network.

Dynamics

Rising concerns related to network security across enterprises owing to rising cloud and IP traffic is a major factor driving growth of the global network traffic analytics market. In addition, rising adoption of cloud based services coupled with rising deployment of bring your own devices BYOD policies by businesses are other factors fueling growth of the global market.

Moreover, rising number of connected devices, rising penetration of internet of things, and increasing IT security budget especially by small and medium sized enterprise SMEs are other factors expected to further propel growth of the global market to a considerable extent in the global market during the forecast period.

High cost of network analyzing tool is a key factor hampering growth of the global network traffic analytics market to a certain extent currently. In addition, availability of open source network traffic tools is another factor restraining growth of the global market.

Regional Analysis

The North America market accounts for largest share in terms of revenue in the global network traffic analytics market and is expected to continue its dominance in the global market during the forecast period. Presence of advance IT and network infrastructure and major vendors coupled with increasing adoption of network analysis tools by various enterprises are major factors driving growth of the North America network traffic analytics market.

The Europe network traffic analytics market is expected to witness significant revenue growth and is projected to register a CAGR of X.X% over the forecast period. The Asia Pacific network traffic analytics market is expected to witness highest growth in terms of revenue in the global market and is projected to register a CAGR of XX.X% during the forecast period.

Rising proliferation of smartphones and increasing IT security spending in countries in the region are key factors fueling growth of the Asia Pacific network traffic analytics market. Increasing adoption of connected devices and cloud based services are other factors further fueling growth of the Asia Pacific network traffic analytics market.

Global Network Traffic Analytics Market Segmentation:

Segmentation on the basis of components:

• Solutions
• Services

Segmentation on the basis of deployment type:

• Cloud
• On-premises

Segmentation on the basis of organization size:

• Large enterprises
• Small and Medium-sized Enterprises (SMEs)

Segmentation on the basis of end-user industries:

• Banking, Financial Services, & Insurance (BFSI)
• Government
• Healthcare
• Education
• Telecom & IT
• Manufacturing
• Retail
• Others (energy and utility, media and entertainment, aerospace and defence, and hospitality)

Segmentation on the basis of region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa