Network Traffic Analyzer Market Segmented By Solutions, Services Components in Physical, Virtual, Cloud Deployment Mode
Industry: IT and Telecommunication
Published Date: May-2022
Format: PPT*, PDF, EXCEL
Delivery Timelines: Contact Sales
Number of Pages: 300
Report ID: PMRREP20188
With growing digitalization, the market for network traffic analyzer is likely to flourish, garnering US$ 6.6 Billion and exhibiting a 9.7% CAGR from 2022-2032. As of the current year, 2022, the market is estimated at US$ 2.6 Billion, against US$ 2.3Billion in 2021.
“Rapid digitalization in the technological sector is likely to play the most important role in driving the market in the forecast period.
Recent changes in IT infrastructure, such as cloud computing and virtualization, have significantly increased the demand for network traffic analyzer market as network traffic analyzer has the ability to monitor IP traffic for complex infrastructure environments, this makes it a suitable option among the end-users.
| Attributes | Details |
|---|---|
|
Network Traffic Analyzer Market CAGR (2022-2032) |
9.7% |
|
Network Traffic Analyzer Market Size (2022) |
US$ 2.6 Billion |
|
Network Traffic Analyzer Market (2032) |
US$ 6.6 Billion |
The rising preference for connected devices to the internet, such as smartphones, laptops, and tablets, among individuals is expected to drive the growth of the market. The continued rollout of IoT networks and the subsequent increase in IoT traffic also bodes well for the growth of the market. The Bring Your Own Device (BYOD) policy being pursued aggressively by various organizations is also expected to necessitate the adoption of a network traffic analyzer.
Rising need for proper network administration is in line with the growing network complexities contributing to the growth of the market. The growing internet penetration rate and the subsequent rise in cybercrimes are expected to drive the market growth in the forecasting period.
As network-based communication systems are prone to attacks or data theft, hackers using new technology to penetrate the security layers of businesses are creating an uneasy situation for corporations by providing new opportunities to the market. Increased use of cloud technology and cloud traffic has also led to the expansion of the network traffic analyzer market.
Rapid growth of network infrastructure in recent time and the growing demand for high technology adoption in developed network infrastructure drives the growth of the market.
Lack of awareness and skills, for choosing an appropriate network analyzer for the business need also impede the growth of the market n the coming years. Increasing chances of risks around data privacy and security in the technological sector are expected to hamper the market growth during the forecast period.
Moreover, lack of technical expertise is another factor hindering the industry’s expansion in the coming years. In addition, the high cost associated with these products has been recognized as a salient cause impeding the market expansion in the assessment period.
However, with increasing investments in technologies such as IoT, Big data, and automation, the market is expected to witness expansion and counter hampering causes during the forecast period.
| Attributes | Network Traffic analyzer Market |
|---|---|
|
CAGR (2022-2032) |
9.7% |
|
Market Value (2032) |
US$ 6.6 Billion |
|
Growth Factor |
The increasing need for internal network security due to the rising incidences of cyberattacks is expected to drive the market in the forecast period. |
|
Opportunity |
Adoption of the advanced network management system is expected to offer lucrative opportunities to the market. |
| Attributes | Network Traffic Analysis Solution Market |
|---|---|
|
CAGR (2022-2032) |
11.3% |
|
Market Value (2032) |
US$ 8.5 Billion |
|
Growth Factor |
Proliferating traffic, high consumption of the internet with 5G deployment, advanced attacks on business data, and enhanced control over information are expected to drive the market in the assessment period. |
|
Opportunity |
Government initiatives involving the promotion of traffic management solutions are expected to offer lucrative opportunities to the market. |
| Attributes | Network Management market |
|---|---|
|
CAGR (2022-2032) |
9.3% |
|
Market Value (2032) |
US$ 14.5 Billion |
|
Growth Factor |
Demand for smooth and fast processing units, unprecedented speed, low latency and large bandwidth, 5G services are expected to drive the market in the forecast period. |
|
Opportunity |
Integration of the latest tech like AI and ML with network management solutions is anticipated to offer significant opportunities to the market. |
Technological advancements in the world have moved collectively to the growth of network infrastructure, another reason for this is the rapid growth in the adaption of smartphones driving the growth of the network traffic analyzer market. The modern development in cloud computing technology is offering notable benefits of business analytics and data to the technological sector.
Over the past few years, various companies in the industry have started to adopt cloud-based services against virtual storage. The United States is expected to make the most significant contribution in bolstering the cloud segment. On the other hand, China is poised to record the fastest CAGR during the forecast period.
Adoption of the latest technologies by the incumbents of various industries and industry verticals, such as BFSI, healthcare, and retail, to address network security challenges abodes well for the growth of the market. The network traffic analyzer aids in ensuring network security, identifying anomalies, monitoring the network capacity consumption, and resolving network issues.
Cloud deployment mode is expected to record maximum growth owing to the surging use of cloud-based network functions worldwide in the long run. On the other hand, the virtual deployment mode is also expected to show significant growth since it provides tentative results as its gaining popularity.
As per the analysis, by component segment, the solution segment is expected to lead the market during the forecast period.
The segment is anticipated to have witnessed a 10.5% CAGR from 2015 to 2021. Whereas, during the forecast period, the segment is estimated at a 9.1% CAGR.
Based on deployment mode, the cloud segment is expected to dominate the market in the forecast period. The segment is projected to exhibit a CAGR of 8.8% during the forecast period.
The segment is expected to have experienced a CAGR of 10.3% during the timeframe of 2015-2021.
| Regions | CAGR |
|---|---|
|
United States |
9.5% |
|
U.K |
8.7% |
|
China |
9.0% |
|
Japan |
8.0% |
|
India |
7.2% |
How will North America Shape Market Growth of Network Traffic Analyzers?
As per the analysis, North America is expected to lead the market during the forecast period. In the region, the U.S is expected to lead the market in the assessment period. The absolute dollar growth is projected at US$ 1.4 Billion. The region is predicted to expand at a CAGR of 9.5% during the forecast period from 2022-2032.
The growth of the region can be credited to the adoption of advanced technologies, such as cloud computing and the Internet of Things (IoT) and high industrialization in-country. North America is home to some of the leading market players, such as Broadcom Corporation; SolarWinds; Cloudflare, Inc.; and NETSCOUT Systems, Inc. driving the growth of the market in the region. The rising adoption of network traffic analysis for defense and military purposes bodes well for the growth of the regional market. All these factors are expected to drive the growth of the regional market over the forecast period.
What Prospects are in Store for the Market in Europe?
Europe is anticipated to be a lucrative market during the forecast period. In the region, the U.K is anticipated to make the most significant contribution to developing the region.
According to the analysis, the U.K market size is estimated at US$ 276.6 Million while expanding at a CAGR of 8.7% during the forecast period from 2022-2032. Growth can be attributed to the rapid digitalization, growing cyberattacks, and rapid 5G deployments.
Will Asia Pacific contribute a Lucrative Market Share?
Asia Pacific is projected to be the fastest-growing region during the forecast period. The rapid development of the region can be attributed to the presence of fast-developing countries like South Korea, China, and Japan.
As per the analysis, China is anticipated to expand at the maximum CAGR of 9.0% during the forecast period. South Korea and Japan are likely to exhibit a growth rate of 7.2% and 8.0% respectively from 2022-2032.
However, with respect to the market size, China is projected to lead the region, garnering US$ 467.4 Million during the forecast period. On the other hand, South Korea and Japan are anticipated at US$ 232.4 Million and US$ 377.2 Million respectively.
Key players in the global network traffic analyzer market are taking several initiatives to expand their reach in the global market. Players focus on industry collaborations, mergers & acquisitions, and partnerships. Some of the eminent players in the region include SolarWinds, Netscout, Broadcom, Nokia and Opmantek, among others. Recent developments in the Network traffic analyzer market industry include:
| Attributes | Details |
|---|---|
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Forecast Period |
2022-2032 |
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Historical Data Available For |
2015-2021 |
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Market Analysis |
US$ Mn for Value |
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Key Countries Covered |
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By Market Segments |
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Key Companies Profiled |
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Pricing |
Available Upon Request |
Network Traffic Analyzer Market by Component
Network Traffic Analyzer Market by Deployment Mode
Network Traffic Analyzer by End User
Network Traffic Analyzer Market by Enterprise size
Network Traffic Analyzer Market by Region
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The global network traffic analyzer market is estimated at a 9.7% growth rate during the forecast period of 2022-2032.
The global network traffic analyzer market is expected to garner US$ 6.6 Billion by 2032.
U.S is projected at US$ 2.3 Billion while exhibiting a 9.5% CAGR from 2022-2032.
India is expected to procure US$ 377.2 Million while recording an 8.0% CAGR in the forecast period.
The Global network traffic analyzer market was estimated at US$ 2.3 Billion in 2021.
The cloud segment is expected to take a lead while recording a CAGR of 8.8% from 2022-2032.
