Network Telemetry Solutions Market - Global Industry Trend Analysis 2015 to 2019 and Forecast 2020 – 2028
Industry: IT and Telecommunication
Format: PPT*, PDF, EXCEL
Delivery Timelines: Contact Sales
Report Type: Ongoing
Report ID: PMRREP32191
Businesses and organizations find themselves in an increasingly complex network world. As the trend of data continue to rise, businesses are transforming through automation and virtualization to optimize the cost and scale of experiences. There is ongoing trend of using mobile devices, apps, and a variety of collaboration tools to communicate with other teams across geographies, platforms, and devices. The workforces are transforming the way their employees carry out their daily activities. Enterprises are moving beyond being desktop-centric to a multi-device anywhere, anytime workplace. Furthermore, the changing IT consumption trends and increasing adoption of cloud computing solutions are creating potential growth opportunities for network telemetry solutions market.
Organizations are highly adopting the network telemetry solutions as an alternative to traditional server based computing model as network telemetry solutions solves multiple issues related to security and these solutions also provide workplace flexibility. Apart from this, the increasing investment by government of various regions in transforming and digitalizing IT infrastructure is also supporting the growth of network telemetry solutions market.
Owing to the spread of novel coronavirus, human contact must be kept to a minimum. Thus as most office workers can choose to work from home, engineering and infrastructure maintenance personnel must continue working in the field to make sure that all essential services are running. Because of this, remote network telemetry solutions are more crucial than ever to ensure equipment monitoring and control. The good thing is that most of the industrial machinery and controllers are smart and can be maintained remotely given reliable and secure connectivity to the Internet and appropriate software solutions. Thus the network telemetry solutions market is anticipated to grow by 10% during these pandemic outbreak.
Ease In Network Management to Spur Growth of Network Telemetry Solutions Market
Network telemetry solutions enable end-users to monitor and manage their company’s network, and provides a complete access of the network. Solution providers help organisations by notifying users and managing the end-points of the network, in case of threat detection. Also, organisations can gain access to a portal where all the network activities, such as service management, SLA management, network health monitoring, and performance reporting, are reported, which makes network management much easier. In addition, managed network services helps enterprises in the optimum utilization of all resources, which increases efficiency of enterprises. Thus ease in network management is a significant factor anticipated to drive the growth of network telemetry solutions market.
High Costs Associated With Network Telemetry Solutions to Hamper the Growth of Market
The advantage offered by a network telemetry solutions is that, it reduces the cost of network management and reduces IT costs of the organisation significantly. However, various costs involved in network telemetry, hampers the adoption of network telemetry solutions. The cost of technology adoption, the cost of the upgradation of the company’s system, and the cost of network management, and all other activities increases. This cost factor is considered as a major challenge for enterprises to adopt network telemetry solutions and services, thereby hampering the growth of the market.
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Examples of some of the market participants in the global network telemetry solutions market identified across the value chain include Arista Networks, Inc., Cisco Systems, Inc., Marvell International Ltd., Juniper Networks, Inc., Mellanox Technologies, Trimble Inc., VOLANSYS Technologies, Pluribus Networks, Barefoot Networks, NetAcquire Corporation and others.
Following are some key strategies and developments in the global network telemetry solutions market:
In terms value, network telemetry solutions market in North America accounted for largest market share in 2019, owing to the growing network infrastructure. However, network telemetry solutions market in South Asia and Pacific is anticipated to grow at highest CAGR during the forecast period (2020-2030). Most enterprises in South Asia & Pacific regions need economical services and solutions for managing their enterprise networks. This has led to the wider adoption of services such as managed virtual private networks, which eliminates the cost of managing a network and reduces in-house IT costs significantly.
The Network Telemetry Solutions market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators, and governing factors, along with market attractiveness as per segment. The market report also maps the qualitative impact of various market factors on market segments and geographies.
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