The new report by Expert Market Research titled, ‘Global Network Traffic Analyser Market Share, Report and Forecast 2023-2028’, gives an in-depth analysis of the global network traffic analyser market, assessing the market based on its segments like components, deployment mode, end users, enterprise size, and major regions.
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2018-2028)
- Historical Market Size (2022): Approximately USD 2.37 billion
- Forecast CAGR (2023-2028): 45%
- Forecast Market Size (2028): Around USD 4.31 billion
The growing requirement for better network management systems to handle increased traffic and complexity is one of the major factors boosting the market growth of network traffic analyser. The network traffic analyser market is witnessing rapid growth in the wake of evolving technologies like the Internet of Things (IoT) and artificial intelligence (AI).
The robust digitisation of global economies is another factor defining the growth of the market. In addition, traffic on the network has expanded dramatically as a result of various technologies such as cloud computing, Voice over Internet Protocol (VoIP), and linked devices, thus leading to robust traffic on the web.
This trend has propelled the adoption of network traffic analysers, hence furthering the market growth. Moreover, the market is growing owing to the benefits associated with network traffic analysers such as quick identification of affected circuits, resolving network issues faster, and virtual connections through automated provisioning of services are boosting the growth of the market. Further, the emergence of virtualised network function infrastructure (VNFI) coupled with the rising deployment of virtual machines in the software-defined environment to monitor traffic flow is another reason developing the market.
Industry Definition and Major Segments
A network traffic analyser is a software tool that enables network managers to extract information from traffic or network packets flowing through a network. It includes tools that aid in the identification of performance issues as well as the detection of security issues. Also, by collecting and analysing network traffic communication patterns, it aids in the detection and response to various security risks over a network.
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On the basis of component, the market can be divided into:
- Solutions
- Bandwidth Monitoring
- Network Security
- Auditing Trials
- Application Monitoring
- Others
- Professional Services
- Consulting
- Training and Support
- Integration and Deployment
On the basis of deployment mode, the market can be classified into:
- Physical
- Virtual
- Cloud
The market, based on end user, can be distributed into:
- Service Providers
- Telecom Operators
- Internet Service Providers and Cable Operators
- Managed Service Providers
- Enterprises
- Banking, Financial Services, and Insurance
- Healthcare
- Government and Utilities
- Media and Entertainment
- Retail
- Others
On the basis of enterprise size, the market is divided into:
- Small and Medium-Sized Enterprises
- Large Enterprises
On the basis of region, the industry is divided into:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Market Trends
The rising stress on networking infrastructure caused by work-from-home rules in the wake of the COVID-19 outbreak has aided the market growth of network traffic analysers. Due to the emergence of 5G deployments in leading countries, there is an upward trend pertaining to the adoption of network traffic analyser solutions, hence boosting the market growth. In addition, the improved network efficiency through centralised management, enhanced information technology (IT) agility, and network customisation through fast and reliable application services, the rising adoption of digital computing technologies are boosting the demand for network analysers among end users, thus boosting the market growth. Further, high industrialisation also acts as a positive factor aiding the fast growth in various business verticals, hence pushing the market growth. In line with this, numerous small and medium enterprises (SMEs) are getting inclined towards network traffic analysers for enhanced information technology (IT) agility and network customisation through reliable application services, which is propelling the growth of the industry.
Key Market Players
The major players in the market are SolarWinds Inc., NETSCOUT Systems, Inc., Nokia Corporation, Dynatrace, Inc., and Inmon Corporation, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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