Network Analytics is a collective process and application to manage and analyze the network data, in order to enhance the performance, reliability, visibility, and security of the network. These are considered as corrective actions for the various issues identified in the network and to improve the operations. The network analytics build a rich database with the help of telemetry and deep pocket inspections (DPI) techniques from various sources, including servers such as – active directory, DNS, DHCP, syslog and RADIUS, and network traffic such as- traceroute, NetFlow and SNMP.
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The Global Network Analytics Market is anticipated to grow with a significant CAGR, which had $1803.5 million in 2020, and is projected to reach $3100 million by 2022 and $5456.35 million by 2027. The market is expected to grow with an estimated CAGR of 22% during the forecast period 2024-2031. The need for autonomous and self-managing networks, the rise of IoT and machine-to-machine communication, and the need for improved network reliability and elimination of costly disruption are some major dynamics that are expected to drive the growth of the global network analytics market during the forecast period.
Meanwhile, in telecom services, the need for network intelligence solutions in sustainable advancement has increased, owing to examining and analyzing the system’s overall scenario. The telecom services incorporate advanced analytical models and technological solutions that result to propel the demand for network analytics and are projected to drive the market growth during the forecast period.
In September 2017, IBM and VMware announced a partnership to launch the network control and to incorporate cloud-based services, in order to raise their product portfolio and gain significant growth in the global market over the competitor’s market value. In February 2019, Cisco merged with Singularity Networks, which is a network infrastructure Analytics Company, mainly offering analytics solutions and network monitoring for complex enterprise and service provider networks. Both companies aim to deliver analysis functionality at a broad scale. Additionally, in May 2019, Nokia merged with Telefonica Spain to use the Deep field cloud analytics of Telefonica, which tends to enhance the visibility and automation in its fusion network.
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Market Coverage
- Segment Covered-
o By Component
o By Application
o By Development Type
o By End User
- Competitive Landscape- Accenture PLC, Cisco Systems Ltd, Hewlett Packyard Enterprise Company, IBM Corporation, and Juniper Networks, among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominates the market in base year?
- Which segment and region will project fastest growth in the market?
- How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Network Analytics Market Segment
By Component
o Network Intelligence Solutions
o Services
- Professional Services
- Managed Services
By Application
- Customer Analysis
- Risk Management and Fault Detection
- Network Performance Management
- Compliance Management
- Quality Management
- Others
By Development Type
- On-Premises
- Cloud
By Organization Size
- SMEs
- Large Enterprises
By End User
- Cloud Service Providers
- Managed Service Providers
- Telecom Service Providers
- Others
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