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Network Analytics Market by Component (Solution, Services), by Network Type ((Enterprise Network (Cloud, On-Premise, Hybrid), by End User ((Organization, Enterprise, Businesses (SMEs, Large Enterprises), by By Component (Solution, Services), by Telecom Companies
Data Centers (North America), by South America (Brazil, Argentina, Rest of South America), by Europe (U.K., Germany, France, Italy, Spain, Russia, Benelux, Nordics, Rest of Europe), by Middle East & Africa (Turkey, Israel, GCC, North Africa, South Africa, Rest of the Middle East & Africa), by Asia Pacific (China, Japan, India, South Korea, ASEAN, Oceania, Rest of Asia Pacific) Forecast 2026-2034
The Network Analytics Marketsize was valued at USD 1.87 USD billion in 2023 and is projected to reach USD 8.29 USD billion by 2032, exhibiting a CAGR of 23.7 % during the forecast period.Network analysis (NA) is a set of integrated techniques to depict relations among actors and to analyse the social structures that emerge from the recurrence of these relations. The basic assumption is that better explanations of social phenomena are yielded by analysis of the relations among entities. Network analytics involves collecting, monitoring, and analysing network traffic. The insights gained from network analyses can help you identify threats on a network and mitigate them, optimize performance and capacity planning, and monitor cloud resources. The network analytics feature provides visibility into the performance and behaviour of the data center infrastructure. You enable network analytics by configuring queue or traffic statistics monitoring, or both. In addition, you can configure a local file for storing the traffic and statistics records. Major factors expected to drive the growth of the network analytics market include addressing of network complexity arising due to the advent of new technologies, such as 5G, IoT, and cloud; increase in data volume and changes in traffic patterns and rise in SDN integration with existing network infrastructures.
Network Analytics Market Market Size (In Million)
3.0M
2.0M
1.0M
0
1.340 M
2022
2.810 M
2027
Network Analytics Trends
Increasing adoption of cloud-based network analytics solutions
Growing demand for real-time network visibility and monitoring
Rise of artificial intelligence (AI) and machine learning (ML) in network analytics
Network Analytics Market Company Market Share
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Driving Forces: What's Propelling the Network Analytics Market
Exponential Expansion of Network Infrastructures: The proliferation of IoT devices, cloud-based services, and distributed architectures have led to increasingly complex network environments, driving the need for advanced analytics to monitor and manage these intricate systems.
Heightened Cybersecurity Concerns: The escalating threat landscape has put a premium on network security. Network analytics tools play a crucial role in detecting anomalies, identifying vulnerabilities, and mitigating cyberattacks, ensuring the integrity and resilience of networks.
Data-Driven Optimization Imperative: Businesses recognize the value of data in optimizing network performance. Network analytics solutions leverage machine learning and advanced algorithms to analyze vast amounts of data, providing actionable insights into network usage, traffic patterns, and resource utilization, empowering organizations to make informed decisions for network enhancements.
Challenges and Restraints in Network Analytics Market
Data Privacy and Security Concerns: The increasing volume of network data collected for analysis raises significant concerns about data breaches and non-compliance with regulations like GDPR and CCPA. Organizations face the challenge of balancing the benefits of network analytics with the imperative to protect sensitive information, potentially hindering adoption due to perceived risks and the cost of implementing robust security measures. This includes securing data in transit and at rest, as well as ensuring compliance with data governance policies.
Talent Acquisition and Skill Gaps: The network analytics field demands specialized expertise in areas such as data science, network engineering, and cybersecurity. A significant shortage of skilled professionals capable of implementing, managing, and interpreting network analytics solutions poses a major challenge. Finding and retaining qualified personnel with the necessary experience is crucial for successful implementation and maximizing ROI.
Deployment Complexity and Management Overhead: Implementing and managing network analytics solutions can be complex, requiring significant IT resources and expertise. This complexity can lead to higher implementation costs, extended deployment timelines, and ongoing operational challenges. Furthermore, the need for continuous monitoring and maintenance can add to the overall burden on IT staff.
Scalability and Performance Issues: As networks expand and become increasingly sophisticated, network analytics solutions must be able to scale accordingly to handle growing data volumes and maintain performance. Failure to address scalability and performance issues can result in inaccurate analysis, system bottlenecks, and ultimately, a diminished return on investment. Choosing solutions with proven scalability is critical for long-term success.
Integration Difficulties and Legacy System Compatibility: Integrating network analytics solutions with existing IT infrastructure and legacy systems can present significant challenges. Incompatibilities between different systems, data formats, and protocols can lead to delays, increased costs, and integration complexities. Careful planning and the selection of solutions with robust integration capabilities are essential to mitigate these risks.
High Initial Investment Costs: The initial investment required for implementing network analytics solutions can be substantial, encompassing software licenses, hardware upgrades, and professional services. This high upfront cost can be a barrier to entry for smaller organizations or those with limited budgets. A thorough cost-benefit analysis is crucial before committing to a specific solution.
Emerging Trends in Network Analytics
Convergence of network analytics and artificial intelligence (AI)
Adoption of network analytics as a service (NaaS)
Rise of network analytics for 5G and IoT
Growth Catalysts in Network Analytics Industry
Growing emphasis on network automation
Increasing adoption of software-defined networking (SDN)
Rising demand for predictive and prescriptive network analytics
Significant developments in Network Analytics Sector
September 2023: Ericsson expanded its Ericsson Expert Analytics product, which offered advanced troubleshooting features.
April 2023: Google Cloud and Accenture announced a partnership to help businesses in improving critical assets protection and increase security against persistent cyber threats.
February 2023: Cisco announced that it is partnering with V.tal to surge the volume of its neutral, multi-tenant fiber network in Brazil to accelerate 5G services.
February 2023: Oracle Corporation launched its Director of Network Analytics Data.
October 2022: Oracle Corporation launched the “Network Analysis Suite”, which enhanced various network function data with machine learning and artificial intelligence.
Table 56: Rest of Asia Pacific Network Analytics Market Revenue (USD billion) Forecast, by Application 2020 & 2033
Methodology
Step 1 - Identification of Relevant Samples Size from Population Database
Step 2 - Approaches for Defining Global Market Size (Value, Volume* & Price*)
Top-down and bottom-up approaches are used to validate the global market size and estimate the market size for manufactures, regional segments, product, and application.
Note*: In applicable scenarios
Step 3 - Data Sources
Primary Research
Web Analytics
Survey Reports
Research Institute
Latest Research Reports
Opinion Leaders
Secondary Research
Annual Reports
White Paper
Latest Press Release
Industry Association
Paid Database
Investor Presentations
Step 4 - Data Triangulation
Involves using different sources of information in order to increase the validity of a study
These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.
Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence
Additionally, after gathering mixed and scattered data from a wide range of sources, data is triangulated and correlated to come up with estimated figures which are further validated through primary mediums or industry experts, opinion leaders.
Frequently Asked Questions
1. What is the projected Compound Annual Growth Rate (CAGR) of the Network Analytics Market?
The projected CAGR is approximately 23.7%.
2. Which companies are prominent players in the Network Analytics Market?
Key companies in the market include Nokia Corporation (Finland), Cisco Systems, Inc. (U.S.), VMware, Inc. (U.S.), Juniper Networks (U.S.), IBM Corporation (U.S.), Vehere, Inc. (U.S.), Plixer, LLC. (U.S.), Subex (India), Aruta Networks (U.S.), Cynet (U.S.).
3. What are the main segments of the Network Analytics Market?
The market segments include Component, Network Type, End User.
4. Can you provide details about the market size?
The market size is estimated to be USD 1.87 USD billion as of 2022.
5. What are some drivers contributing to market growth?
The Proliferation of Edge Computing Coupled with Technological Advancements to Fuel the Next Generation Computing Demand.
6. What are the notable trends driving market growth?
Growing Implementation of Touch-based and Voice-based Infotainment Systems to Increase Adoption of Intelligent Cars.
7. Are there any restraints impacting market growth?
Lack of Awareness among Companies and Skill Shortage Can Hamper the Market Growth.
8. Can you provide examples of recent developments in the market?
September 2023 – Ericsson expanded its Ericsson Expert Analytics product, which offered advanced troubleshooting features. Advanced troubleshooting utilized AI and machine learning tools to evaluate telecommunications network data in present and identify the root cause of any issues for troubleshooting purposes.
9. What pricing options are available for accessing the report?
Pricing options include single-user, multi-user, and enterprise licenses priced at USD 4850, USD 5850, and USD 6850 respectively.
10. Is the market size provided in terms of value or volume?
The market size is provided in terms of value, measured in USD billion.
11. Are there any specific market keywords associated with the report?
Yes, the market keyword associated with the report is "Network Analytics Market," which aids in identifying and referencing the specific market segment covered.
12. How do I determine which pricing option suits my needs best?
The pricing options vary based on user requirements and access needs. Individual users may opt for single-user licenses, while businesses requiring broader access may choose multi-user or enterprise licenses for cost-effective access to the report.
13. Are there any additional resources or data provided in the Network Analytics Market report?
While the report offers comprehensive insights, it's advisable to review the specific contents or supplementary materials provided to ascertain if additional resources or data are available.
14. How can I stay updated on further developments or reports in the Network Analytics Market?
To stay informed about further developments, trends, and reports in the Network Analytics Market, consider subscribing to industry newsletters, following relevant companies and organizations, or regularly checking reputable industry news sources and publications.
Network Analytics Market