Market Highlights:
The rising demand for Quality of Experience (QoE) coupled with intensified competition in the telecom sector has accelerated the embracement of CSP network analytics by network operators for gaining a competitive edge. The study indicates that the need for the adoption of next-gen technology into current network infrastructure will thrive across the next couple of years, creating substantial growth opportunities for CSP network analytics market.
The surge in demand and supply of mobile phones in the market resonates opportunities for CSP network analytics market expansion. The strategies devised and implemented by the key players for gaining traction and strengthening their footholds in the market favor the market proliferation, and it is likely to continue over the next few years. However, data privacy and security concern is one of the crucial challenges that might hold the market growth over the forecast period.
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Major Key Players
- Accenture Plc,
- Nokia Corporation,
- Allot Communication,
- Juniper Networks Inc.,
- Cisco Systems Inc.,
- SAS Institute Inc.,
- IBM Corporation,
- Tibco Software,
- Sandvine Corporation,
- Broadcom Limited.
Market Research Future (MRFR) has revealed in its latest study that the global CSP network analytics market will thrive saliently at a robust CAGR of 16.8% during the forecast period 2017 to 2023. The market value is prognosticated to reach USD 1406.6 Mn in 2023 up from USD 567.4 Mn in 2017.
Segmentation:
he global CSP network analytics market has been segmented based on component, deployment, organization size, and end-user. Based on component, software is the leading segment which accounted for USD 361.6 million in 2017. It is expected to grow at a CAGR of 15.3% and attain USD 830.8 million by the end of 2023. By component, the services segment is expected to emerge as the fastest growing segment. The services segment is projected to grow at a CAGR of 19.1% and reach USD 575.9 Million by the end of 2023.
By deployment, the market has been segmented into on-cloud and on-premise. The on-premise segment accounted for the largest market share in 2017 while the on-cloud segment is expected to be the fastest growing segment over the forecast period. The on-premise segment is expected to catapult from USD 366.1 million in 2017 to USD 822.4 million by the end of 2023. The on-premise segment is expected to grow at a CAGR of 14.8 % while the on-cloud segment is expected to grow at a CAGR of 19.1 % over the forecast period. The on-cloud segment is likely to attain USD 584.3 million by the end of the forecast period.
Based on organization size, large enterprises is the leading segment and is expected to grow at a CAGR of 15.8 % over the forecast period. The large enterprise segment is projected to catapult from USD 403.1 million in 2017 to USD 951 million by the end of 2023. Small and medium enterprise segment is projected to be the fastest growing segment with a CAGR of 18.9% over the forecast period. The small and medium enterprise segment is foreseen to catapult from USD 164.4 million in 2017 to USD 455.7 million by the end of 2023.
End-user wise, the fixed operator segment is leading and is expected to grow at a CAGR of 15.6 % over the forecast period. The fixed operator segment is expected to reach USD 930.4 million by the end of 2023. Mobile operator segment is expected to be the fastest growing segment and expand at a CAGR of 19.1 % over the forecast period. The segment is likely to attain USD 476.3 million by the end of 2023. Increase in adoption of BYOD devices is expected to support the growth of the mobile operator segment.
Regional Analysis
Accruing internet penetration, rising disposable income, nominal data tariff, and a decrease in cost of smart devices will help APAC to emerge as the fastest growing market for CSP network analytics. The developing countries of the Asia Pacific region such as China, India, and others have endeavored to boost their network infrastructure which has contributed significantly to the growth of the APAC market. Global players in the CSP network analytics market such as Nokia, Cisco, and Ericsson AB have large presence in the Asia Pacific and the Middle East regions and are investing heavily in installation and training services which are expected to open new avenues of business in the APAC region.
Currently, North America is at the forefront of the global CSP network analytics market and accounted for 37.08% share of the global market in 2017, i.e., USD 210.4 Million. The concentration of major players in the region, deep penetration of smartphones and huge investments by CSP providers towards the development of network infrastructure can be attributed for the dominance of North America
Europe is the second largest market for CSP network analytics. The Europe market was valued at USD 160.3 Million and accounted for 28.2% share of the market in 2017.
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Intended Audience
- Technology investors
- Key market innovators
- Venture capitalists
- Private equity groups
- Telecom service providers
- Internet service providers
- Cloud service providers
- Research/Consultancy firms
List of Tables
TABLE 1 MARKET SYNOPSIS
TABLE 2 LIST OF ASSUMPTIONS
TABLE 3 GLOBAL CSP NETWORK ANALYTICS MARKET, BY COMPONENT, 2017-2023
TABLE 4 GLOBAL CSP NETWORK ANALYTICS MARKET, BY SERVICES, 2017-2023
TABLE 5 GLOBAL CSP NETWORK ANALYTICS MARKET, BY DEPLOYMENT, 2017-2023
TABLE 6 GLOBAL CSP NETWORK ANALYTICS MARKET, BY ORGANIZATION SIZE, 2017-2023
TABLE 7 GLOBAL CSP NETWORK ANALYTICS MARKET, BY END-USER, 2017-2023
TABLE 8 GLOBAL CSP NETWORK ANALYTICS MARKET, BY REGION, 2017-2023
Continued……
List of Figures
FIGURE 1 GLOBAL CSP NETWORK ANALYTICS MARKET: MARKET STRUCTURE
FIGURE 2 NORTH AMERICA MARKET SIZE & MARKET SHARE BY COUNTRY (2017 VS 2023)
FIGURE 3 EUROPE MARKET SIZE & MARKET SHARE BY COUNTRY (2017 VS 2023)
FIGURE 4 ASIA-PACIFIC & MARKET SHARE BY COUNTRY (2017 VS 2023)
FIGURE 5 REST OF THE WORLD MARKET SIZE & MARKET SHARE BY COUNTRY (2017 VS 2023)
FIGURE 6 RESEARCH PROCESS OF MRFR
FIGURE 7 TOP DOWN & BOTTOM UP APPROACH
Continued……
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