Covid 19 Network Analytics Market - Business Development and Global Forecast 2023

The primary function of the network analytics technology is to perform and provide advanced data traffic forecast comprising of data load forecasting, user behavior, device performance, and application behavior. The market is primarily driven by the need for autonomous and self-managing network solutions. The global IP traffic is estimated to rise significantly over the forecast period, owing to the rising adoption of network communications in business organizations globally. Thus, there is a massive need for improving network reliability and elimination of network disruptions. Additionally, the rising implementation of IoT has risen the interconnectivity, thus raising the need for data analysis and security.

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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. 

Segmental Analysis

The global network analytics market has been segmented on the basis of solution and service, deployment, organization size, end-user, and region.

Based on solution and service, the market has been segmented into network intelligence solution, professional service, and managed service. Based on deployment, the market has been segmented into the cloud and on-premise. Based on organization size, the market has been segmented into small and medium enterprise, and large enterprise. Based on end user, the market is segmented into a communication service provider, cloud service provider, BFSI, managed service provider, healthcare, government, and media and entertainment. Based on the region, Covid 19 Network Analytics Market is segmented into North America, Asia Pacific, Europe and the rest of the world.

Regional Analysis

North America is estimated to dominate the global 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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