Network Analytics Market Size, Share, And Growth Report 2032

Network Analytics Market Insights

Zion Market Research has published a report on the global Network Analytics Market, estimating its value at USD 3.06 Billion in 2023, with projections indicating that it will reach USD 15.47 Billion by 2032. The market is expected to expand at a compound annual growth rate (CAGR) of 19.74% over the forecast period 2024-2032. The report explores the factors fueling market growth, the hitches that could hamper this expansion, and the opportunities that may arise in the Network Analytics Market industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.

The study provides historical data from 2018 to 2022 along with a forecast from 2024 to 2032 based on revenue (USD Billion). The report covers a forecast and an analysis of the Network Analytics market on a global and regional level.

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Network Analytics Market: Overview

Network analytics offers operators and businesses extensive knowledge of the network, which allows them to make smarter, data-driven business, and operational decisions. The use of automation technology and artificial intelligence in network analytics is making way for the vision of the network—an intelligent, self-optimizing, and self-configuring surrounding that analyzes and adjusts to various network situations.

In the rapidly changing information technology infrastructure, hackers are able to access valuable data in numerous ways, which may eventually lead to disaster for different businesses. The sudden rise in the dependence on website and web applications for daily activities and financial transactions has triggered the rise in the incidents of thefts further. Moreover, the evolution of social media websites has made it easier for cyberattackers to extract information from users. Therefore, the demand for network analytics is expected to rise over the forecast time period. However, the high cost of analytical tools may hamper the network analytics market growth globally. Additionally, major concerns over data security due to sensitive networks and infrequent security update that allows intruders to retrieve information is already harming various organizations.

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Network Analytics Market: Segmentation

The study provides a crucial view of the network analytics market based on component, deployment, end-user, and region. All the segments of network analytics market have been analyzed based on present and future trends and the market is estimated from 2024 to 2032.

On the basis of deployment, the network analytics market is divided into cloud and on-premises. The cloud segment is predicted to hold a notable market share over the forecast time period, owing to the increasing investments made in cloud technology by major players, such as IBM Corporation, Accenture, etc. In 2017, IBM Corporation announced that it generated USD 17 billion in revenue from cloud business that includes hardware, software, and service.

On the basis of the component, the network analytics market includes solution and services. Network intelligent solution is used to handle data traffic on the internet with ease. With the rise in network traffic, numerous organizations are focusing on maintaining high service quality and core business activities. The implementation of network solutions will further push the network analytics market in the years to come.

By end-user, the market is divided into communication service provider (CSP), banking, financial sector, and insurance (BFSI), cloud service provider, government, and others.

Network Analytics Market: Report Scope

Network Analytics Market: Regional Analysis

The regional segment comprises the current and forecast demand for the Middle East and Africa, North America, Asia Pacific, Latin America, and Europe.

By region, the North American network analytics market is expected to grow considerably in the future, owing to a large number of solution vendors being headquartered in the U.S, the rising demand for network solution witnessed across myriad sectors of the region, and huge investments to develop Artificial Intelligence (AI) and cloud technology.

Network Analytics Market: Competitive Players

Some noticeable players of the global network analytics market include:

• Oracle Corporation
• Cisco Corporation
• SAS Institute
• SAP SE
• Predixion Software
• Apigee Corporation
• Foghorn Systems
• AGT International Inc.
• Analytic Edge
• CGI Group Inc.
• Prism Tech

The Global Network Analytics Market is segmented as follows:

Global Network Analytics Market: Component Analysis

• Solution
• Services

Global Network Analytics Market: Deployment Analysis

• Cloud
• On-Premises

Global Network Analytics Market: End-User Analysis

• Communication Service Provider (CSP)
• Banking, Financial Sector, and Insurance (BFSI)
• Cloud Service Provider
• Healthcare
• Government
• Others

Global Network Analytics Market: Regional Analysis

• North America
  • The U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• Middle East and Africa