Network Analytics Market Size To Reach $13.06 Billion By 2030

Network Analytics Market Growth & Trends

The global network analytics market size is projected to reach USD 13.06 billion by 2030, growing at a CAGR of 19.0% from 2023 to 2030, according to a new study conducted by Grand View Research, Inc. The increasing adoption of cloud computing techniques with widespread applications across various sectors is expected to accelerate demand for the market. The adoption of network solutions can prevent potential deployment issues and infrastructure delays. The increasing demand for network optimization is expected to drive the market growth over the forecast period. This can be attributed to the upgradation of technologies, increasing network traffic, and low business risk factors. Cloud service and enterprise providers are in the initial stage of deploying network analytics solutions to track their networks, which is expected to influence the market worldwide positively.

Network analytics solutions are primarily deployed in sectors such as healthcare, cloud service providers, BFSI, and telecom. Prolific advancements in telecom service offerings over the years have extensively influenced the user experience. Telecom analytics provides technology solutions and large-scale analytical models to analyze the entire system scenario through network analytics for communication service providers (CSPs). Targeted marketing, increased network traffic, and quality of experience (QoE) maintenance are some of the factors expected to drive the market growth.

The increasing complexity of networks is a direct result of various technological advancements and shifts in the way organizations operate. This complexity is driven by the integration of cloud services, the proliferation of Internet of Things (IoT) devices, and the adoption of hybrid infrastructures. Therefore, managing and monitoring these intricate environments has become a significant challenge for businesses. In essence, as networks continue to evolve and become more intricate due to cloud services, IoT adoption, and hybrid infrastructures, the need for network analytics becomes paramount. These tools empower organizations to proactively manage their networks, optimize performance, enhance security, and ensure smooth operations in the face of complexity.

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Network Analytics Market Report Highlights

• In terms of components, the services segment is anticipated to register the fastest CAGR of 20.2% over the forecast period. Network analytics services enable businesses the data-driven insights they need to make data-driven decisions about network investments, upgrades, and optimizations, thereby driving the demand for the market

• In terms of deployment, the cloud segment is anticipated to register the fastest CAGR of 20.8% over the forecast period because network analytics aids in managing and optimizing communication between various cloud environments for cloud services that offer multi-cloud services, assuring smooth data flow

• In terms of enterprise size, the small & medium enterprises (SMEs) segment is anticipated to register the fastest CAGR of 21.2% over the forecast period. Network analytics tools assist SMEs in controlling the performance of cloud services, ensuring that data and applications operate without interruption. In addition, SMEs rely on tools for collaboration. The efficiency of these technologies is ensured by network analytics solutions, promoting collaboration and communication

• In terms of application, the quality management segment is anticipated to register the fastest CAGR of 21.0% from 2023 to 2030. Network analytics increase operational efficiency by reducing the time and effort required to manually detect and resolve quality-related issues, thereby driving the demand for the market

• In terms of end-users, the telecom providers segment is anticipated to register the fastest CAGR of 20.2% from 2023 to 2030, owing to the growing demand for network analytics to foresee and stop equipment or network faults, minimizing downtime and enhance network reliability

• The Asia Pacific regional market is anticipated to grow at the fastest CAGR of 21.9% over the forecast period. The region has an increasing demand for network analytics due to its fast-paced digital development, technological breakthroughs, use of the cloud, and focus on enhancing user experiences and network performance

Network Analytics Market Segmentation

Grand View Research has segmented the global network analytics market based on component, deployment, enterprise size, application, end-user, and region:

Network Analytics Component Outlook (Revenue, USD Billion, 2018 - 2030)

• Network Intelligence Solutions

• Services

  • Professional Services

  • Managed Services

Network Analytics Deployment Outlook (Revenue, USD Billion, 2018 - 2030)

• Cloud

• On-premise

Network Analytics Enterprise Size Outlook (Revenue, USD Billion, 2018 - 2030)

• Large

• SMEs

Network Analytics Application Outlook (Revenue, USD Billion, 2018 - 2030)

• Customer Analysis

• Risk Management

• Fault Detection

• Network Performance Management

• Quality Management

• Others

Network Analytics End-user Outlook ((Revenue, USD Billion, 2018 - 2030)

• Cloud Service Providers

• Managed Service Providers

• Telecom Providers

• Others

Network Analytics Regional Outlook (Revenue, USD Billion, 2018 - 2030)

• North America

  • U.S.

  • Canada

• Europe

  • UK

  • Germany

  • France

  • Italy

  • Spain

• Asia Pacific

  • India

  • China

  • Japan

  • Australia

  • South Korea

• Latin America

  • Brazil

  • Mexico

  • Argentina

• Middle East & Africa (MEA)

  • UAE

  • Saudi Arabia

  • South Africa

List of Key Players in the Network Analytics Market

• Allot Communication     

• Broadcom, Inc. 

• Ciena Corporation          

• Cisco Systems, Inc.         

• Extreme Networks.        

• Fortinet, Inc.     

• Hewlett Packard Enterprise Development LP      

• Huawei Technologies Co., Ltd.   

• International Business Machines Corporation     

• Juniper Networks, Inc.  

• Nivid Technologies.        

• Sandvine Corporation    

• SAS Institute Inc.             

• Telefonaktiebolaget LM Ericsson              

• Trend Micro Incorporated