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Global Network Traffic Analyser Market to Reach USD 4.31 Billion by 2027, Aided by Increasing Network Traffic and Complexities

According to a new report by EMR titled, 'Global Network Traffic Analyser Market Report and Forecast 2022-2027', the global network traffic analyser market reached a value of about USD 2.37 billion in 2021. The industry is further expected to grow in the forecast period of 2022-2027 at a CAGR of 10.45% to reach a value of around USD 4.31 billion by 2027.

The surge in the penetration of digital technologies into business processes across industries and the rising incidence of Denial of Service (DoS) attacks are the major drivers stimulating the growth of the global network traffic analyser industry. The growing adoption of network traffic analysers in various companies and service provider organisations are among the main drivers of growth in the worldwide market for network traffic analysers. In addition, in different developing and developed countries, network infrastructure development activities have grown rapidly, stimulating the growth in the network traffic analyser market. Network managers are presently working in a dynamic environment, where the growing number of system applications, bring-your-own-device (BYOD), distributed infrastructure, virtualisations, and cloud services has produced an excellent need for network stability and better management. As a result, solutions that enable better communication visibility at both the device/system and network levels and control over network applications have become important. Therefore, network traffic analyser benefits in reducing the time between the occurrence and resolution of a network issue, monitoring network capacity consumption, and proactively avoiding network and application problems while ensuring greater network security. Consumers' move from traditional text messaging to social network messaging apps like Facebook Messenger is projected to increase traffic on these platforms. As a result, traffic monitoring is a critical component for site or app operators.

The network traffic analysis market is moderately competitive and has several major players. However, with the advanced security system's growth, many companies are increasing their market presence by securing new contracts in the market. For example, in July 2020, Kentik launched the Synthetic Monitoring Solution to offer Autonomous Testing for Cloud and Hybrid Networks. This synthetic monitoring will proactively test for performance elements and adapt to dynamic internet traffic and path work analytics from Nyansa and the cloud-native security platform from Octarine.

Market Analysis by Components, Deployment Mode, End User, Enterprise Size, and Regions:

  • The components can be divided into solutions and professional services.
  • Physical, virtual, and cloud form the primary deployment mode of this market.
  • Service providers like telecom operators, internet service providers and cable operators, managed service providers, and enterprises like banking, financial services, insurance, healthcare, government and utilities, media and entertainment, and retail, among others, are the end-users of the industry.
  • The market is divided into small and medium-sized enterprises and large enterprises based on enterprise size.
  • The regional markets for network traffic analysers include North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

Key Findings of the Report:

  • The early and rapid adoption of technologies such as cloud computing and the Internet of Things (IoT), and artificial intelligence (AI) is boosting the industry's growth.
  • The high degree of industrialisation is a positive factor for the rapid growth of various vertical industries.
  • Favourable network standards and regulations also promote market growth.
  • The increasing investments in extensive research and development activities for launching SaaS-enabled network traffic analytics solutions are also catalysing the market for network traffic analysers.

Key Offerings of the Report:

  • The EMR report gives an overview of the global network traffic analyser industry for the periods (2017-2021) and (2022-2027).
  • The report also offers the historical (2017-2021) and forecasted (2022-2027) markets for the components, deployment mode, end-user, enterprise size, and significant regions of network traffic analyser.
  • The report analyses the market dynamics, covering the critical demand and price indicators in the market, and provides an assessment of the SWOT and Porter's Five Forces models.

The major players in the global network traffic analyser industry are SolarWinds Inc., NETSCOUT Systems, Inc., Nokia Corporation, Dynatrace, Inc., and Inmon Corporation. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

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Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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