Network Analytics Market 2024-2032 Analysis: Trends, Competitor Dynamics, and Growth Opportunities

Key Insights

The Network Analytics Marketsize was valued at USD 1.87 USD billion in 2023 and is projected to reach USD 8.29 USD billion by 2032, exhibiting a CAGR of 23.7 % during the forecast period.Network analysis (NA) is a set of integrated techniques to depict relations among actors and to analyse the social structures that emerge from the recurrence of these relations. The basic assumption is that better explanations of social phenomena are yielded by analysis of the relations among entities. Network analytics involves collecting, monitoring, and analysing network traffic. The insights gained from network analyses can help you identify threats on a network and mitigate them, optimize performance and capacity planning, and monitor cloud resources. The network analytics feature provides visibility into the performance and behaviour of the data center infrastructure. You enable network analytics by configuring queue or traffic statistics monitoring, or both. In addition, you can configure a local file for storing the traffic and statistics records. Major factors expected to drive the growth of the network analytics market include addressing of network complexity arising due to the advent of new technologies, such as 5G, IoT, and cloud; increase in data volume and changes in traffic patterns and rise in SDN integration with existing network infrastructures.

Network Analytics Trends

• Increasing adoption of cloud-based network analytics solutions
• Growing demand for real-time network visibility and monitoring
• Rise of artificial intelligence (AI) and machine learning (ML) in network analytics

Driving Forces: What's Propelling the Network Analytics Market

• Exponential Expansion of Network Infrastructures: The proliferation of IoT devices, cloud-based services, and distributed architectures have led to increasingly complex network environments, driving the need for advanced analytics to monitor and manage these intricate systems.
• Heightened Cybersecurity Concerns: The escalating threat landscape has put a premium on network security. Network analytics tools play a crucial role in detecting anomalies, identifying vulnerabilities, and mitigating cyberattacks, ensuring the integrity and resilience of networks.
• Data-Driven Optimization Imperative: Businesses recognize the value of data in optimizing network performance. Network analytics solutions leverage machine learning and advanced algorithms to analyze vast amounts of data, providing actionable insights into network usage, traffic patterns, and resource utilization, empowering organizations to make informed decisions for network enhancements.

Challenges and Restraints in Network Analytics Market

• Data privacy and security concerns
• Lack of skilled professionals in network analytics
• Complexity of implementing and managing network analytics solutions

Emerging Trends in Network Analytics

• Convergence of network analytics and artificial intelligence (AI)
• Adoption of network analytics as a service (NaaS)
• Rise of network analytics for 5G and IoT

Growth Catalysts in Network Analytics Industry

• Growing emphasis on network automation
• Increasing adoption of software-defined networking (SDN)
• Rising demand for predictive and prescriptive network analytics

Market Segmentation: Network Analytics Analysis

Component:

• Solution
• Services

Network Type:

• Enterprise Network
  • Cloud
  • On-Premise
  • Hybrid
• End User:
  • Organization
  • Enterprise
  • Businesses (SMEs, Large Enterprises)

Leading Players in the Network Analytics Market

• VMware, Inc. (U.S.)
• Juniper Networks (U.S.)
• IBM Corporation (U.S.)
• Vehere, Inc. (U.S.)
• Plixer, LLC. (U.S.)
• Subex (India)
• Aruta Networks (U.S.)
• Cynet (U.S.)
• Nokia Corporation (Finland)
• Cisco Systems, Inc. (U.S.)

Significant developments in Network Analytics Sector

• September 2023: Ericsson expanded its Ericsson Expert Analytics product, which offered advanced troubleshooting features.
• April 2023: Google Cloud and Accenture announced a partnership to help businesses in improving critical assets protection and increase security against persistent cyber threats.
• February 2023: Cisco announced that it is partnering with V.tal to surge the volume of its neutral, multi-tenant fiber network in Brazil to accelerate 5G services.
• February 2023: Oracle Corporation launched its Director of Network Analytics Data.
• October 2022: Oracle Corporation launched the “Network Analysis Suite”, which enhanced various network function data with machine learning and artificial intelligence.

Comprehensive Coverage Network Analytics Market Report

Regional Insight

Recent Mergers & Acquision

Regulation

Patent Analysis

Analyst Comment