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.
Network Analytics Market 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. Furthermore, many IoT devices contribute to this smart capability and provide huge technical benefits to both customers and businesses.
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The latest market intelligence report, titled ‘Global Network Analytics Market ’, is intended to provide the target audience with the necessary information about the global Network Analytics Market industry. The report comprises a detailed analysis of the vital elements of the Network Analytics Market , including key drivers, constraints, opportunities, limitations, threats, and micro- and macro-economic factors.
Competitive Landscape:
The latest report encases an in-depth summary of the intensely competitive landscape of the global Network Analytics Market , with systematic profiling of the companies operating across this industry. In this section of the report, experts have listed down the strategic initiatives undertaken by these market rivals for proposed business expansion. Additionally, it highlights the key developments and financial positions of these companies to explain the overall market scenario. The company profiles of the established and new players have also been assessed in the report through effective analytical tools like SWOT analysis.
Some Key Highlights From the Report :
The on-premise segment is expected to register a significant market revenue growth. On-premise solutions have a one-time license fee as well as a yearly service agreement with a free upgrade. Enterprises, which can afford a high cost or have a high level of data criticality, prefer on-premises deployment because it requires huge infrastructure and their own data centers.
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. Because assaults can come from any source at any moment, fraud has emerged as most critical threat to the telecom industry, necessitating protection. As a result, authorities are enacting legislation to safeguard the telecoms sector’s safety.
Network Analytics Market in 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.
Competition in the Network Analytics Market :
The Network Analytics Market report contains information on leading vendors’ product launches, sustainability, and prospects, such as: Key players in the market include Nokia, TIBCO Software, Ciena, Accenture, Broadcom, SAS Institute, Juniper Networks, Cisco, Huawei Technologies, and IBM.
The Global Network Analytics Market report assesses the historical and current data along with a thorough analysis of the market dynamics. The report also sheds light on the significant market growth driving and restraining factors that are anticipated to influence the market growth through the forecast period. The report explores the effects of the pandemic on the market and its key segments and regions. It also offers a forecast estimation of the market growth in a post-COVID-19 scenario.
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)
Cloud
On-Premises
Application Outlook (Revenue, USD Billion; 2019–2030)
Customer Analysis
Risk Management
Quality Management
Network Performance Management
Compliance
Others
End-Use Outlook (Revenue, USD Billion; 2019–2030)
Cloud Service Providers
Telecom Service Providers
Managed Service Providers
Others
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Region wise performance of the Network Analytics Market industry
North America Network Analytics Market forecast is expected to remain significantly positive in terms of revenue share between 2022 and 2030 . In addition, North America Network Analytics Market revenue share is expected to remain comparatively larger than that of other regional markets from 2022 to 2030 .
Asia Pacific registered fastest revenue CAGR in 2022, and the Network Analytics Market forecast is that this trend is expected to continue going ahead. Market forecast states that revenue share contribution from China, India, and South Korea is expected to remain robust till 2030 .
Europe Network Analytics Market forecast is positive currently, with revenue growth expected to remain steady between 2022 and 2030 . Robust focus on research and development initiatives by major firms and changing trends and demographics in countries in the region are some factors expected to continue to support Network Analytics Market growth.
Global Network Analytics Market has been classified into the subsequent geographical segments:
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)
Key questions answered in the report:
What will the Network Analytics Market growth rate be?
What are the primary factors propelling the Global Network Analytics Market ?
Who are the market’s leading manufacturers?
What are the market’s opportunities, threats, and market structure?
What are the top manufacturers’ sales, revenue, and price analysis in the Network Analytics Market ?
Who are the Network Analytics Market distributors, traders, and dealers?
What are the Network Analytics Market opportunities and threats that vendors in the Global Network Analytics industries are confronted with?
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