According to Market Research Future, the global network analytics market is estimated to reach a valuation of USD 3.1 billion by 2022 and a high CAGR of 22% over the forecast period. The growth in the telecommunication industry is estimated to contribute significantly to the network analytics market, along with the advent in 4G and 5G networks, the increasing usage of smartphones and huge growth in data traffic. The market is enduring an exacting period with its robust growth coming to an abrupt halt in light of the COVID-19 pandemic. MRFR report on market highlights the future prediction and the growth alternatives that can be created.
Regional Analysis
North America is estimated to dominate Covid 19 Network Analytics Market over the forecast period, due to the high adoption of network analytics solutions. Additionally, the availability of scalable infrastructure, technological advancements, and the rising number of cyber-attacks and malware is estimated to contribute significantly to the market growth. North America is estimated ti witness an increasing number of cloud-based analytic start up enterprises, which will contribute to the network analytics market over the forecast period.
The European region is expected to show a gradual, steady and considerable growth over the forecast period, owing to the rising implementation of network analytic solutions in the region. The Asia Pacific market for network analytics is estimated to rise significantly over the forecast period due to factors such as the escalating smartphone penetration in the region along with the sizeable infrastructural investment by communication service providers and cloud service providers.
Key Players
The prominent players in the Network Analytics market are Cisco Systems, Inc. (U.S.), HP (U.S.), Juniper Networks (U.S.), IBM Corporation (U.S.), Bradford Networks, Inc. (U.S.), Tibco Software (U.S.) Brocade Communications Systems, Inc. (U.S.), Sandvine Inc. (Canada), Alcatel-Lucent S.A. (France), Accenture PLC (Ireland), Ascom Holdings AG (Switzerland), Allot Communication (Israel), among others.
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