Network Traffic Analytics Market to Reach $3.11 Billion by 2026- 17.4% CAGR

Allied Market Research Logo

Allied Market Research Logo

Requirement for real-time network data analysis, adoption of advanced technologies, and surge in the number of DDoS attacks drive the growth of the market.

PORTLAND, OREGON, UNITED STATES, August 23, 2021 / — According to the report, the global network traffic analytics industry garnered $865 million in 2018, and is expected to generate $3.11 billion by 2026, growing at a CAGR of 17.4% from 2019 to 2026. Requirement for real-time network data analysis, adoption of advanced technologies, and surge in number of DDoS attacks drive the growth of the global network traffic analytics market. However, access to free network traffic analysis tools hinders the market growth. On the other hand, the emergence of 5G technology presents new opportunities in the industry.

Explore Report Description-

The solutions segment accounted for more than three-fifths of the total share of the global network traffic analytics market in 2018, and is estimated to continue its lead position during the forecast period. This is attributed to surge in demand for solutions for discovering, analyzing, and processing security threats. However, the services segment would witness the fastest CAGR of 18.5% from 2019 to 2026, owing to increase in adoption of services among different industry verticals for effective functioning of platforms and software throughout the processes.

The on-premise segment accounted for the highest market share of the global network traffic analytics market, contributing to more than two-thirds of the total share in 2018, and is projected to maintain its lion’s share by 2026. This is attributed to preference for on-premise by large enterprises for deploying network traffic analytics platforms due to concerns toward data privacy. However, the cloud segment is would register the highest CAGR of 21.5% from 2019 to 2026. This is due to flexibility related to the cloud deployment that enhances its demand among numerous organizations.

For Purchase Inquiry:

North America contributed to the highest share in terms of revenue in 2018, holding more than two-fifths of the global network traffic analytics market, and is expected to maintain its dominance during the forecast period. This is due to the presence of major players, surge in investment on cloud and security technologies, and rise in focus on automation. However, Asia-Pacific is expected to maintain the highest CAGR of 22.8% from 2019 to 2026, owing to usage advanced technologies including Internet of Things (IoT), connected devices, and cloud computing.

Leading market players

• Accenture
• Juniper Networks Inc.
• Symantec
• IBM Corporation
• Huawei Technologies Co. Ltd.
• Cisco Systems Inc.
• Allot Communication
• Ascom Holdings
• Nokia Networks

Access AVENUE- A Subscription-Based Library (Premium on-demand, subscription-based pricing model) at:

Avenue is a user-based library of global market report database, provides comprehensive reports pertaining to the world’s largest emerging markets. It further offers e-access to all the available industry reports just in a jiffy. By offering core business insights on the varied industries, economies, and end users worldwide, Avenue ensures that the registered members get an easy as well as single gateway to their all-inclusive requirements.

Avenue Library Subscription | Request for 14 days free trial of before buying:

Similar Reports:

India GIS Software Market Expected to Reach $0.39 Billion by 2026

Function-as-a-Service Market Expected to Reach $24,007.00 Million by 2026

U.S. Retail Recon Software Market Expected to Reach $264.37 Million by 2027

About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

David Correa
Allied Analytics LLP
+18007925285 ext.
email us here
Visit us on social media:

You just read:

News Provided By

August 23, 2021, 20:28 GMT

EIN Presswire’s priority is source transparency. We do not allow opaque clients, and our editors try to be careful about weeding out false and misleading content. As a user, if you see something we have missed, please do bring it to our attention. Your help is welcome. EIN Presswire, Everyone’s Internet News Presswire™, tries to define some of the boundaries that are reasonable in today’s world. Please see our Editorial Guidelines for more information.