The report talks about the shift in demands and emerging trends that are expected to drive the growth of the Network Analytics market. The rising demand for the Network Analytics market is expected to drive the demand for Network Analytics market, thereby bolstering the growth of the industry. Moreover, the report also studies the impact of the COVID-19 pandemic on the market.
The network analytics market size was USD 2.10 Billion in 2021 and is expected to register a revenue CAGR of 20.9% during the forecast period, according to the latest analysis by Emergen Research. Growing adoption of Internet of Things (IoT) is a key factor driving growth of the market. Data is acquired through internet and Artificial Intelligence (AI) IoT devices, allowing organizations to use advanced analytics and gather insights to track company’s revenue growth and development potential. In addition, information aids in analysis of top consumer patterns, establishment of a baseline, and identification of lucrative revenue development prospects.
Moreover, quick creation of new products and services in the market is facilitated by IoT-connected devices. Internet of Things (IoT) in data collecting aids organizations in gathering customer insight and gives them an advantage when developing customer-centric products and services. Any company's capacity to quickly collect, analyze, and translate customer data into meaningful insights is critical to its success.
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The report also profiles established and emerging players of the market, covering the business overview, product portfolio, strategic alliances, and business expansion strategies.
Some major companies operating in the market report include Nokia, TIBCO Software, Ciena, Accenture, Broadcom, SAS Institute, Juniper Networks, Cisco, Huawei Technologies, and IBM.
Some Key Highlights From the Report
The quality management segment is expected to grow considerably as quality management provides various activities including decreasing risk of hazards while designing new items and cycles, addressing issues before they occur, resolving issues that occur during tasks, improving provider performance, and controlling cycles to avoid a hazard in any event.
The telecom service providers segment is expected to register a steady growth during the forecast period. Due to growth of smart devices and rising usage of IP networks, communications fraud is making a comeback in the telecom industry.
The North America market is expected to register a considerable growth due to increasing use of network analytics solutions in the telecom sector in multiple countries across the region.
In October 23, 2019, Extreme Networks collaborated with Broadcom to provide enterprise customers with cutting-edge network analytics solutions
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The report studies the historical data of the Network Analytics Market and offers valuable information about the key segments and sub-segments, revenue generation, demand and supply scenario, trends, and other vital aspects.
Emergen Research has segmented the network analytics market based on deployment mode, application, end-use, and region:
· Deployment Mode Outlook (Revenue, USD Billion; 2019–2030)
· Application Outlook (Revenue, USD Billion; 2019–2030)
Network Performance Management
· End-Use Outlook (Revenue, USD Billion; 2019–2030)
Cloud Service Providers
Telecom Service Providers
Managed Service Providers
The complete regional analysis covers:
North America (U.S., Canada, Mexico
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Key point summary of the report:
The report offers a comprehensive overview of the Network Analytics market size, share, and growth rate in the forecast duration.
It provides details about current scenario, historical data, giving an accurate market forecast for the coming years.
The study categorizes the Network Analytics market on the basis of product types, applications, end users, market value and volume, business verticals, and 5 major regions.
It also offers regional Network Analytics market analysis and forecast for prominent geographies in the sector viz., North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
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