Network Analytics Market

The market was valued at USD 935.03 million in 2016, and is projected to reach a value of USD 3.312 billion by the end of 2022, at a CAGR of 23.47% over the forecast period (2017-2022)

The global network analytics market is set to witness a significant growth rate in the near future, owing to the increasing need of autonomous and self-managing networks. It wouldn’t be an exaggeration to say that broadband and mobile networks are the livelihoods of the society. Besides, the global IP traffic is expected to increase exponentially in the upcoming years as network communications are becoming an essential component of multiple business models for today’s communication companies. Hence, it is necessary to improve the network reliability and eliminate disruptions. Increasing adoption of network analytics by cloud service providers (who are facing challenges in maintaining service level agreement (SLA) standards and coping with the top-class quality service and quality of experience (QuE) parameters) is expected to boost the adoption rate of network analytics.

NEED OF AUTONOMOUS AND SELF MANAGING NETWORKS DRIVES THE MARKET

Physical maneuvers are sometimes not enough to prevent the disruption in the networks; in those circumstances, another era of network analysis tools and solutions possibly becomes the most important factor, helping communication optimize network builds and upgrades, diminish blackouts, enhance the customer experience, and simplify network control and operations. Autonomous networks can use the analytic tools to improve network management by effectively identifying in issues identified with obstruction (for example, utilization, service consumption and routing). Furthermore, these tools can be more essential in providing real-time insights regarding network traffic to determine the value of different portions of that traffic, thus, enhancing the network and making it more reliable.

TELECOM INDUSTRY SET TO DOMINATE THE MARKET LANDSCAPE

The telecom industry is leading the market in terms of the adoption rate of network analytics. Growth in the mobile industry has been dramatic by virtually any measure, and despite some reports of a slowdown, it is still expected to rise. The advent of 5G network promises to lead to an enormous wave of data traffic. The signs of 5G—more speed, greater efficiency, and less latency—will be essential to supporting connected things in the future. The United States takes the crown of the telecommunications industry. After years of playing second fiddle to the booming China Mobile, AT&T and Verizon Communications are back atop the sector, buoyed by sales growth and continued industry consolidation as carriers enhance their network provisions to handle rising smartphone traffic. AT&T and Verizon lead the 2017 Forbes Global 2000 list of the world’s largest telecom companies, while China Mobile and Japan’s Nippon Telegraph & Telecom round out the industry’s top four. These major companies are adopting network analytics, which is enabling them to make smarter, data-driven decisions about their businesses; this is boosting the growth of this market.

NORTH AMERICA IS THE MARKET LEADER IN THE NETWORK ANALYTICS MARKET

The region is witnessing the largest market share as of 2016, but is expected to show a moderate growth rate due to the early adoption of network analytics by the leading players in the continent. Availability of technology and infrastructure, increased cyber-malware attack on the networks in the region, and higher technology adoption rate are expected to contribute to the growth in the region. Additionally, the region has the world’s leading telecom companies in the form of AT&T and Verizon, who are employing network analytics, extensively. Furthermore, the region, especially the United States, is seeing a rise in the cloud-based analytics startups, focused on network analytics. This is expected to help maintain the region’s dominance in the upcoming years.

NOTABLE MARKET DEVELOPMENTS

• IBM and VMware announced that more than 1,400 enterprises are incorporating their cloud-based analytics services, IBM Cloud. To take their partnership further, IBM is launching network control and visibility solutions from F5 Networks and Fortinet.

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Our report on Global Network Analytics market covers the following

• Market Trends & Dynamics
• Latest News & Developments
• Porter’s Five Forces Analysis
• Investment Scope
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