Network Analytics Market by Component (Network Intelligence Solutions and Services), Application (Network Performance Management and Quality Management), Deployment Type, Organization Size, End-User, and Region-Global Forecast to 2020-2027

    18-February-2020 | 115 Pages | | Report Code : RC-136

By 2027, Network Analytics market is expected to grow to USD 6.7 billion from USD 1.4 billion in 2019, with a Compound Annual Growth Rate (CAGR) of 22.5% over the forecast period.

The network analytics market is anticipated to grow owing to significant factors such as tackling of network complexity emerging due to the arrival of new technologies, like 5G, IoT, and cloud; enhanced volume of data and dynamics of traffic patterns, and increase in SDN integration with current network infrastructures.

The global network analytics market is divided on the basis of deployment type into on-premises and cloud. The on-premises deployment of solutions refers to the system equipped on the premises of the individual or the organization in place of a distant facility. On-premises solutions are conveyed on single-time license fee as well as an annual service agreement, inclusive of free upgrade. On-premises deployments are preferred by organizations which can bear huge cost or includes data necessity as such deployments need big infrastructure and own data centers. Hence, generally, on-premises deployments are opted over cloud by large enterprises whereas dilemma is confronted by SMEs between the hosted or on-premises network analytics solutions. Enthusiastic IT staff for maintenance and support; high end IT and networking infrastructure which further ads effective control over system and data are needed for on-premises deployments. A large deployment cost which may not be affordable by every organization to invest is among one of its shortcomings. Moreover, the fast development of cloud computing solutions in the market is leading to drive the on-premises deployment model.

The prominent players of network analytics market are Cisco (US), Broadcom (US), IBM (US), HPE (US), Ericsson (Sweden), Huawei (China), SAS Institute (US), Nokia (Finland), Netscout (US), Accenture (Ireland), Sandvine (Canada), Ciena (US), TIBCO Software (US), Juniper Networks (US), SevOne (US), Nivid Technologies (US), Fortinet (US), Extreme Networks (US), Innowireless (South Korea), Actix (UK) and NetVelocity (US). To rise in the network analytics market these vendors have accepted several strategies. For enhancing their market position, the companies are concentrating on inorganic and organic growth strategies.

Over the forecast period, the highest market share is estimated to be accounted by North America.  Due to the existence of large-scale enactment of network analytics tools by organizations and enterprises, US have arose as the eminent market for network analytics. The rapid growth of the network analytics market in the US is because of the huge rate of development of infrastructure in the US, as well as, the large growth of Internet of Things (IoT), Artificial Intelligence (AI), Machine Learning (ML) and cloud computing.

The research report categorizes the Network analytics market to forecast the revenues and analyze trends in each of the following subsegments
Network Analytics Market By Component
•    Network Intelligence Solutions
•    Services
o    Professional Services
o    Managed Services

By Application
•    Customer Analysis
•    Risk Managemet and Fault Detection
•    Network Performance Management
•    Compiance Management
•    Quality Management
•    Others (Network Control And Optimization, Network Design And Capacity Planning, and Threat Management)

By Deployment Type
•    On-Premises
•    Cloud

Network Analytics Market By Organization Size
•    SMEs
•    Large Enterprises

By End-User
•    Cloud Service Providers
•    Managed Service Providers
•    Telecom Providers
•    Others (Internet Service Providers (ISPs), Satellite Communication Providers and Cable Network Providers)

Network Analytics Market By Region
•    North America
•    Europe
•    APAC
•    MEA
•    Latin America


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