Network Analytics Market by Deployment (On-premise, Cloud), Component (Network Intelligence Solutions, Managed Services, Professional Services), Enterprise Size (Large, SMEs), Application (Customer Analysis, Risk Management, Fault Detection, Network Performance Management, Compliance Management), End-User (Cloud Service Providers, Telecom Providers, Internet Service Providers, Satellite Communication Providers, Cable Network Providers), & Region for 2024-2031
Report ID: 24997|No. of Pages: 202
Network Analytics Market by Deployment (On-premise, Cloud), Component (Network Intelligence Solutions, Managed Services, Professional Services), Enterprise Size (Large, SMEs), Application (Customer Analysis, Risk Management, Fault Detection, Network Performance Management, Compliance Management), End-User (Cloud Service Providers, Telecom Providers, Internet Service Providers, Satellite Communication Providers, Cable Network Providers), & Region for 2024-2031
Network Analytics Market Valuation – 2024-2031
The increasing adoption of advanced technologies such as IoT, AI, and big data analytics has been driving the expansion of the network analytics market by enabling organizations to gain deeper insights into network performance and security. According to the analyst from Verified Market Research, the Network Analytics Market is estimated to reach a valuation of USD 29.74 Billion By 2031 over the forecast subjugating around USD 5.03 Billion valued in 2024.
The rapid expansion of the network analytics market is primarily driven by the rising demand for enhanced network optimization and security, which is being fueled by the increasing complexity and scale of network infrastructures. It enables the market to grow at a CAGR of 24.85% from 2024 to 2031.
Network Analytics Market: Definition/ Overview
Network analytics is the process of collecting, analyzing, and interpreting data generated by network operations to optimize performance and security. By leveraging advanced technologies such as artificial intelligence and machine learning, insights are derived from vast amounts of data, which aid organizations in making informed decisions regarding their network management.
Increasing focus on network performance and security is driving the demand for network analytics solutions across various industries. Applications of network analytics are being recognized in areas such as traffic management, network optimization, and threat detection, leading to significant advancements in operational efficiency. Furthermore, the growing complexity of network environments and the rising adoption of cloud-based services are contributing to the overall growth of the network analytics market.
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What Impact is the Rising Demand for Network Optimization Having on the Growth of the Network Analytics Market?
The rising demand for network optimization is being recognized as a significant factor influencing the growth of the network analytics market. Enhanced performance and efficiency are being sought by organizations to address the complexities associated with expanding network infrastructures. Cisco’s Annual Internet Report (2018–2023) predicts that by 2023, there will be 29.3 billion networked devices globally, up from 18.4 billion in 2018. This explosive growth in connected devices is driving the need for more efficient network management.
By employing network analytics, actionable insights are being extracted, which enable proactive measures to be implemented for performance improvement. Consequently, the overall quality of service is being enhanced, leading to increased customer satisfaction and retention. Additionally, the demand for real-time data analysis is being driven by the need for immediate responses to network issues, further contributing to market expansion.
How are the Increasing Concerns Regarding Data Security and Privacy Affecting the Adoption of Network Analytics Solutions?
The increasing concerns regarding data security and privacy are being regarded as critical challenges that influence the adoption of network analytics solutions. Organizations are being compelled to ensure that sensitive information is protected, leading to a careful evaluation of the tools and technologies utilized for data analysis.
Compliance with regulatory frameworks is being emphasized, which is prompting companies to adopt solutions that prioritize security measures. As a result, the integration of robust security protocols within network analytics platforms is being observed, enhancing user trust and facilitating wider acceptance. Ultimately, the heightened focus on security is being identified as a key trend that shapes the development and innovation of network analytics solutions.
Category-Wise Acumens
What Factors are Contributing to the Rapid Growth of Cloud-Based Deployment in the Network Analytics Market?
According to VMR analyst, the rapid growth of cloud-based deployment in the Network Analytics market is being driven by several factors. Enhanced scalability and flexibility are being offered by cloud solutions, allowing organizations to adapt to changing demands efficiently. Cost savings associated with reduced infrastructure investments are being recognized by enterprises, making cloud-based options more attractive compared to traditional on-premise solutions.
Additionally, the accessibility of real-time data and analytics from any location is being facilitated by cloud technology, which supports remote work and decision-making processes. As a result, the overall adoption of cloud-based deployment is being accelerated, significantly impacting the market’s growth trajectory.
How is the Increasing Demand for Risk Management Applications Influencing the Network Analytics Segment?
The increasing demand for risk management applications is being identified as a key influence on the network analytics segment. Organizations are being compelled to enhance their risk assessment capabilities due to the rising frequency and sophistication of cyber threats. By leveraging network analytics for risk management, comprehensive visibility into potential vulnerabilities is being provided, which allows for proactive mitigation strategies to be implemented.
Furthermore, compliance with regulatory requirements is being prioritized, prompting companies to invest in robust risk management solutions. Consequently, the growth of this application area is being supported by a heightened focus on security and governance, thus contributing positively to the overall expansion of the network analytics market.
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Country/Region-wise Acumens
What Factors are Driving the Rapid Growth of the Network Analytics Market in North America?
According to VMR analyst, the rapid growth of the network analytics market in North America is being driven by several factors. The presence of a large number of technology companies and start-ups is being recognized as a significant contributor to market expansion. Advanced infrastructure and widespread adoption of cutting-edge technologies such as cloud computing and IoT are being leveraged to enhance network performance and security.
Additionally, substantial investments in research and development are being made by organizations, facilitating innovation in network analytics solutions. Furthermore, the regulatory environment is being perceived as favourable, promoting the adoption of analytics for compliance and risk management. The rise in cybersecurity incidents is a major driver for network analytics adoption in North America. The FBI’s Internet Crime Complaint Center (IC3) reported 847,376 cybercrime complaints in 2021, with potential losses exceeding USD 6.9 Billion.
How is the Rising Demand for Network Optimization Influencing the Network Analytics Market in Asia Pacific?
According to VMR analyst, the rising demand for network optimization is significantly influencing the Network Analytics market in Asia Pacific. Rapid urbanization and increasing internet penetration are being observed in this region, leading to a surge in network traffic and complexity. Organizations are being compelled to adopt network analytics solutions to enhance operational efficiency and manage network performance effectively.
Furthermore, the growing number of digital transformation initiatives undertaken by enterprises is being recognized as a key driver, leading to increased investments in analytics technologies. According to IDC, cloud spending in Asia Pacific (excluding Japan) is expected to reach USD 153.6 Billion by 2026, growing at a CAGR of 23.5% for the 2021-2026 period. With government initiatives promoting smart city projects and digital infrastructure, the Asia Pacific region is being positioned as a rapidly growing market for network analytics solutions.
Competitive Landscape
The Network Analytics Market’s competitive landscape is characterized by a varied range of companies, including technology developers, plant operators, and service providers, all striving for market share in an increasingly dynamic and growing industry.
Some of the prominent players operating in the network analytics market include:
- Accenture PLC
- Alcatel-Lucent
- Bradford Networks
- Brocade Communications Systems, Inc.
- Cisco Systems, Inc.
- IBM Corporation
- Juniper Networks
- SAS Institute, Inc.
- Tibco Software
Latest Developments
- In October 2019, Extreme Networks announced a collaboration with Broadcom, a leading developer of enterprise campus networking solutions. Through this partnership, Extreme Networks aims to enhance its range of edge, access, and campus networking solutions, providing enterprise partners and customers with robust segmentation, security, policy enforcement, resiliency, telemetry, and performance benefits.
- In May 2019, Nokia formed a partnership with Telefónica Spain, leveraging Nokia’s Deepfield Cloud analytics technology. This collaboration aims to provide Telefónica with real-time visibility and automation capabilities within its Fusion network, enhancing operational efficiency.
- In April 2019, SAS entered into a collaboration with Siemens to offer clients access to SAS’s advanced and predictive analytics through MindSphere. This partnership is intended to boost the adoption of artificial intelligence and machine learning within Internet of Things (IoT) environments.
- In February 2019, Cisco acquired Singularity Networks, a network infrastructure analytics firm specializing in network monitoring and analytics solutions for service provider networks and complex enterprise networks. This acquisition allows Cisco to integrate Singularity Networks’ analytics capabilities with its Crosswork Network Automation portfolio, enabling large-scale analytical functions.
- In August 2019, Extreme Networks announced the acquisition of Aerohive Networks. This strategic move aims to enhance Extreme’s portfolio by incorporating Aerohive’s cloud-based network management capabilities, ultimately creating a comprehensive network technology offering for clients.
- In July 2019, IBM completed the acquisition of Red Hat, a global software firm, as part of its strategy to become the premier cloud provider. This acquisition is expected to accelerate IBM’s high-value business model and enhance its cloud service offerings.
- In September 2019, Huawei introduced iMaster NCE, an autonomous network management and control system designed to facilitate the transition of enterprise networks from the software-defined networking (SDN) era to the autonomous driving era. This innovative system integrates control, management, and analytical capabilities.
- In July 2019, NetScout launched Arbor Threat Analytics (ATA), touted as the industry’s first Network-Based Threat Detection and Analytics Platform. This technology provides a comprehensive view of modern multi-cloud environments by combining NetScout’s extensive network insights with advanced threat identification and characterization capabilities through traffic monitoring and analytics.
- In June 2019, Cisco released its AI Network Analytics software suite, which utilizes machine learning and artificial intelligence techniques. This suite is designed to learn network traffic and security trends, assisting clients in proactively detecting and resolving issues across their organizations.
Report Scope
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2021-2031 |
| Growth Rate | CAGR of ~24.85% from 2024 to 2031 |
| Base Year | 2024 |
| Forecast Period | 2024-2031 |
| Historical Period | 2021-2023 |
| Quantitative Units | Value in USD Billion |
| Report Coverage | Historical and Forecast Revenue Forecast, Historical and Forecast Volume, Growth Factors, Trends, Competitive Landscape, Key Players, Segmentation Analysis |
| Segments Covered |
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| Regions Covered |
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| Key Players | Accenture PLC, Alcatel-Lucent, Bradford Networks, Brocade Communications Systems, Inc., Cisco Systems, Inc., IBM Corporation, Juniper Networks, Kitewheel., SAS Institute, Inc., Tibco Software |
| Customization | Report customization along with purchase available upon request |
Network Analytics Market, By Category
Deployment:
- On-premise
- Cloud
Component:
- Network Intelligence Solutions
- Managed Services
- Professional Services
Enterprise Size:
- Large
- SMEs
Application:
- Customer Analysis
- Risk Management
- Fault Detection
- Network Performance Management
- Compliance Management
- Others
End-User:
- Cloud Service Providers
- Telecom Providers
- Internet Service Providers
- Satellite Communication Providers
- Cable Network Providers
- Others
Region:
- North America
- Europe
- Asia-Pacific
- South America
- Middle East & Africa
Research Methodology of Verified Market Research:
To know more about the Research Methodology and other aspects of the research study, kindly get in touch with our Sales Team at Verified Market Research.
Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 6-month post-sales analyst support
Customization of the Report
• In case of any Queries or Customization Requirements please connect with our sales team, who will ensure that your requirements are met.
Frequently Asked Questions
1 INTRODUCTION OF GLOBAL NETWORK ANALYTICS MARKET
1.1 Overview of the Market
1.2 Scope of Report
1.3 Assumptions
2 EXECUTIVE SUMMARY
3 RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH
3.1 Data Mining
3.2 Validation
3.3 Primary Interviews
3.4 List of Data Sources
4 GLOBAL NETWORK ANALYTICS MARKET OUTLOOK
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
4.5 Regulatory Framework
5 GLOBAL NETWORK ANALYTICS MARKET, BY END-USER
5.1 Overview
5.2 Communication Service Providers
5.1.1 Satellite Services
5.1.2 Telecom Services
5.1.3 Internet Services
5.3 Cloud Service Providers
6 GLOBAL NETWORK ANALYTICS MARKET, BY ORGANIZATION SIZE
6.1 Overview
6.2 Large Enterprises
6.3 Small and Medium Organizations
7 GLOBAL NETWORK ANALYTICS MARKET, BY COMPONENT
7.1 Overview
7.2 Solution
7.2.1 Network Intelligence Solutions
7.3 Services
7.3.1 Managed services
7.3.2 Professional services
8 GLOBAL NETWORK ANALYTICS MARKET, BY DEPLOYMENT TYPE
8.1 Overview
8.2 Cloud-based
8.3 On-premise
9 GLOBAL NETWORK ANALYTICS MARKET, BY GEOGRAPHY
9.1 Overview
9.2 North America
9.2.1 U.S.
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 U.K.
9.3.3 France
9.3.4 Rest of Europe
9.4 Asia Pacific
9.4.1 China
9.4.2 Japan
9.4.3 India
9.4.4 Rest of Asia Pacific
9.5 Rest of the World
9.5.1 Latin America
9.5.2 Middle East and Africa
10 GLOBAL NETWORK ANALYTICS MARKET COMPETITIVE LANDSCAPE
10.1 Overview
10.2 Company Market Share
10.3 Key Development Strategies
11 COMPANY PROFILES
11.1 IBM Corporation
11.1.1 Overview
11.1.2 Financial Performance
11.1.3 Product Outlook
11.1.4 Key Developments
11.2 Accenture PLC
11.2.1 Overview
11.2.2 Financial Performance
11.2.3 Product Outlook
11.2.4 Key Developments
11.3 Cisco Systems, Inc.
11.3.1 Overview
11.3.2 Financial Performance
11.3.3 Product Outlook
11.3.4 Key Developments
11.4 Brocade Communications Systems, Inc.
11.4.1 Overview
11.4.2 Financial Performance
11.4.3 Product Outlook
11.4.4 Key Developments
11.5 Bradford Networks
11.5.1 Overview
11.5.2 Financial Performance
11.5.3 Product Outlook
11.5.4 Key Developments
11.6 Juniper Networks
11.6.1 Overview
11.6.2 Financial Performance
11.6.3 Product Outlook
11.6.4 Key Developments
11.7 Alcatel-Lucent
11.7.1 Overview
11.7.2 Financial Performance
11.7.3 Product Outlook
11.7.4 Key Developments
11.8 Tibco Software
11.8.1 Overview
11.8.2 Financial Performance
11.8.3 Product Outlook
11.8.4 Key Developments
11.9 SAS Institute, Inc.
11.9.1 Overview
11.9.2 Financial Performance
11.9.3 Product Outlook
11.9.4 Key Developments
11.10 Kitewheel
11.10.1 Overview
11.10.2 Financial Performance
11.10.3 Product Outlook
11.10.4 Key Developments
12 Appendix
12.1 Related Research
Report Research Methodology
Verified Market Research uses the latest researching tools to offer accurate data insights. Our experts deliver the best research reports that have revenue generating recommendations. Analysts carry out extensive research using both top-down and bottom up methods. This helps in exploring the market from different dimensions.
This additionally supports the market researchers in segmenting different segments of the market for analysing them individually.
We appoint data triangulation strategies to explore different areas of the market. This way, we ensure that all our clients get reliable insights associated with the market. Different elements of research methodology appointed by our experts include:
Exploratory data mining
Market is filled with data. All the data is collected in raw format that undergoes a strict filtering system to ensure that only the required data is left behind. The leftover data is properly validated and its authenticity (of source) is checked before using it further. We also collect and mix the data from our previous market research reports.
All the previous reports are stored in our large in-house data repository. Also, the experts gather reliable information from the paid databases.
For understanding the entire market landscape, we need to get details about the past and ongoing trends also. To achieve this, we collect data from different members of the market (distributors and suppliers) along with government websites.
Last piece of the ‘market research’ puzzle is done by going through the data collected from questionnaires, journals and surveys. VMR analysts also give emphasis to different industry dynamics such as market drivers, restraints and monetary trends. As a result, the final set of collected data is a combination of different forms of raw statistics. All of this data is carved into usable information by putting it through authentication procedures and by using best in-class cross-validation techniques.
Data Collection Matrix
| Perspective | Primary Research | Secondary Research |
|---|---|---|
| Supplier side |
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| Demand side |
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Econometrics and data visualization model
Our analysts offer market evaluations and forecasts using the industry-first simulation models. They utilize the BI-enabled dashboard to deliver real-time market statistics. With the help of embedded analytics, the clients can get details associated with brand analysis. They can also use the online reporting software to understand the different key performance indicators.
All the research models are customized to the prerequisites shared by the global clients.
The collected data includes market dynamics, technology landscape, application development and pricing trends. All of this is fed to the research model which then churns out the relevant data for market study.
Our market research experts offer both short-term (econometric models) and long-term analysis (technology market model) of the market in the same report. This way, the clients can achieve all their goals along with jumping on the emerging opportunities. Technological advancements, new product launches and money flow of the market is compared in different cases to showcase their impacts over the forecasted period.
Analysts use correlation, regression and time series analysis to deliver reliable business insights. Our experienced team of professionals diffuse the technology landscape, regulatory frameworks, economic outlook and business principles to share the details of external factors on the market under investigation.
Different demographics are analyzed individually to give appropriate details about the market. After this, all the region-wise data is joined together to serve the clients with glo-cal perspective. We ensure that all the data is accurate and all the actionable recommendations can be achieved in record time. We work with our clients in every step of the work, from exploring the market to implementing business plans. We largely focus on the following parameters for forecasting about the market under lens:
- Market drivers and restraints, along with their current and expected impact
- Raw material scenario and supply v/s price trends
- Regulatory scenario and expected developments
- Current capacity and expected capacity additions up to 2027
We assign different weights to the above parameters. This way, we are empowered to quantify their impact on the market’s momentum. Further, it helps us in delivering the evidence related to market growth rates.
Primary validation
The last step of the report making revolves around forecasting of the market. Exhaustive interviews of the industry experts and decision makers of the esteemed organizations are taken to validate the findings of our experts.
The assumptions that are made to obtain the statistics and data elements are cross-checked by interviewing managers over F2F discussions as well as over phone calls.
Different members of the market’s value chain such as suppliers, distributors, vendors and end consumers are also approached to deliver an unbiased market picture. All the interviews are conducted across the globe. There is no language barrier due to our experienced and multi-lingual team of professionals. Interviews have the capability to offer critical insights about the market. Current business scenarios and future market expectations escalate the quality of our five-star rated market research reports. Our highly trained team use the primary research with Key Industry Participants (KIPs) for validating the market forecasts:
- Established market players
- Raw data suppliers
- Network participants such as distributors
- End consumers
The aims of doing primary research are:
- Verifying the collected data in terms of accuracy and reliability.
- To understand the ongoing market trends and to foresee the future market growth patterns.
Industry Analysis Matrix
| Qualitative analysis | Quantitative analysis |
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