Future Market Insights, an ESCOMAR certified market research and consulting firm, predicts significant growth for the network analytics market during the forecast period from 2023 to 2033. The market is expected to witness a robust Compound Annual Growth Rate (CAGR) of 19.5%, reaching a market value of US$ 17,555.5 million by 2033. In 2023, the market share is estimated to surge to US$ 2,948.0 million, highlighting the industry’s rapid expansion and adoption.
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It is one of the genuine and real-time application software which detects errors faster with IoT and generates the demand by end-users all around the globe.Here are some of the key end-user, including hospitals, healthcare centers, telecom, BFSI & others are estimated the network analytics market growth during the forecast period.
Adopting 5G, IoT, and cloud are boosting the technology & solving the error spot with their potential audit work in the network analytics market trends. It examines, monitor, detect and manage the process in a systematic manner that grabs the attention of the benefits among the consumers generating a high demand for network analytics applications in the market.
The US market is dominating the network analytics market share all around the globe due to the penalty of misusing data & the great infrastructure & advanced resources available in the country, with counting the highest CAGR of 19.1% during the forecast period from 2022 to 2032.
The China market took the second position in network analytics market growth, accounting for a CAGR of 18.6% during the forecast period from 2022 to 2032.
Key Takeaways:
- Based on components, the network intelligence solution segment is likely to dominate the network analytics market share with a CAGR of 19.4% during the forecast period 2022 to 2032.
- Based on deployment type, the on-premises segment is anticipated to lead the network analytics market size in the forecast period 2022 to 2032.
- The US holds a prominent role in the network analytics market trends due to the misusing of data in the country.
- By 2032, the network analytics market share is anticipated to rise to the valuation of US$ 14.4 Billion with a CAGR of 19.3%.
Competitive Landscape:
Several key competitors companies are adopting to rise the network analytics market growth through various methods such as merges, collaboration, partnerships & others. The key driving companies are to carry out maximum revenue in the network analytics market future trends.
Some of the key competitive companies are Ericsson, Huawei, Cisco, Nokia, Netscout & others are generating lion’s share in the coming period.
All these leading companies are going to expand the network analytics market size in the forecast period from 2022 to 2032.
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Key Segments
By Components:
- Network Intelligence Solutions
- Services {Professional Services, Managed Services
By Application:
- Customer Analysis
- Risk Management
- Fault Detection
- Network Performance Management
- Compliance Management
- Others {Network Control & Optimization, Network Design & Capacity and, Threat Management
By Deployment:
- On-premises
- Cloud
By Organization Size:
- SMEs
- Large Enterprises
By End-User:
- Cloud Service Providers
- Managed Service Providers
- Telecom Providers
- Others (Internet Service Providers, Satellite Communication Providers and Cabel Network Providers
By Region:
- North America
- Asia-Pacific
- Europe
- Middle East & Africa
- Latin America
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Author:
Sudip Saha is the managing director and co-founder at Future Market Insights, an award-winning market research and consulting firm. Sudip is committed to shaping the market research industry with credible solutions and constantly makes a buzz in the media with his thought leadership. His vast experience in market research and project management a consumer electronics will likely remain the leading end-use sector cross verticals in APAC, EMEA, and the Americas reflects his growth-oriented approach to clients.
He is a strong believer and proponent of innovation-based solutions, emphasizing customized solutions to meet one client’s requirements at a time. His foresightedness and visionary approach recently got him recognized as the ‘Global Icon in Business Consulting’ at the ET Inspiring Leaders Awards 2022.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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