North America to Dominate Network Traffic Analysis Solutions Market until 2026
Increase in online platforms and shared
storage solutions is expected to drive the demand for global network traffic
analysis solutions market in the forecast period.
According to TechSci Research report, “Global Network
Traffic Analysis Solutions Market By Component (Solutions and Professional
Services), By Solutions (Network Traffic Monitoring, Network Visibility,
Network Performance, Network Security, Network Capacity Planning), By
Professional Services (Integration and Deployment Service, Consulting Service,
Training and Support Service, Managed Service), By Deployment Mode (On-premise
and Cloud), By End users (Service Providers and Enterprises), By Company, By
Region, Forecast & Opportunities, 2026”, global network traffic
analysis solutions market is expected to witness significant growth for the
next five years. Surge in demand for better tools for management of network and
applications coupled with rise in security risks in prominent verticals such as
banks, financial institutions, retail, IT & Telecom, and healthcare. High
budget form IT industries for security purposes is fueling the demand for
network traffic analysis solutions market. Growing tourism industry across the
world which uses online platforms for booking of tickets, restaurants and
hotels are witnessing growth. Government initiatives to boost the tourism and
increase the number of tourists due to rise in disposable income is acting as a
positive factor for the network traffic analysis solutions market growth. Shift
of consumers from conventional texting to social media platforms which are free
and are more convenient and user-friendly is leading to high traffic on such
platforms and needs proper monitoring to increase the traffic and resolve
issues. The adoption of cloud services by organizations is resulting in high
cloud traffic which is creating the need to maintain the quality of experience
and manage efficiently distributed denial-of-services attacks.
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Global
network traffic analysis solutions market is segmented into component,
deployment mode, end users, regional distribution, and company. Based on component,
the market is further bifurcated into solutions and professional services.
Solution segment is divided into network traffic monitoring, network
visibility, network performance, network security and network capacity planning
while the professional service segment is divided into integration and
deployment service, consulting service, training and support service and managed
service. Solution segment is expected to account for major market share for the
forecast period. Solution segment is a combination of sensors, software and
virtual machines which are involved in carrying out network analyzing
operations. Network traffic analysis solution collects data about the response
time of interactions between clients and servers for seamless connectivity and application-level
transactions. The metadata obtained is used by network administrators to
determine network and application issues by finding the factors leading to
downtime, bottlenecks, and slowdowns. Based on end users, the market is
fragmented into service providers and enterprises. The enterprises segment is
expected to dominate the global network traffic analysis solution market for
the next five years. Enterprise segment is further divided into government,
banking, financial services and insurance, retail, media and entertainment and
others. Network traffic analysis solutions offers enterprises customizable
services for better results, improves the network efficiency through
centralized management, high speed of information technology for faster and
reliable network and application services. BFSI segment is expected to hold a
major market share due to a large number of cyber-attacks and breaches into the
system. Increasing trend of digitization of banks which means transaction
through online platforms is expected to attract high traffic which needs
constant monitoring and protection from unwanted elements. To serve customers
better, banking services are adopting technology advancements and regulatory
requirements to provide enhanced security and establish a secure link between
the device and network.
Accenture Plc, Cisco Systems, Inc.,
Flowmon Networks, Genie Networks Ltd., Bradford Networks, Inc., IBM Corporation,
Huawei Technologies Co, Ltd., Microsoft Corporation, Netmon, Inc., Palo Alto
Networks, Inc. are the leading players operating in global network traffic
analysis solutions market. Manufacturers are increasingly focusing on research
and development process to fuel higher growth in the market. To meet evolving
customer demand with respect to better efficiency and durability, several network
traffic analysis solutions manufacturers are coming up with their
technologically advanced offerings.
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“Roll-out
of 5G technology and adoption of emerging technologies such as artificial
intelligence, cloud computing, internet of things for real-time monitoring are
contributing to increased demand for network traffic analysis solutions and
favorable networking regulations and initiatives introduced by leading
authorities across the world, which is expected to boost the growth of the
market. Also, the growth of e-commerce platforms due to offering of lucrative
discounts and adoption of efficient marketing strategies is attracting high
traffic which is expected to propel the market growth until 2026” said Mr.
Karan Chechi, Research Director with TechSci Research, a research based global
management consulting firm.
“Global
Network Traffic Analysis Solutions Market By Component (Solutions and
Professional Services), By Solutions (Network Traffic Monitoring, Network
Visibility, Network Performance, Network Security, Network Capacity Planning),
By Professional Services (Integration and Deployment Service, Consulting
Service, Training and Support Service, Managed Service), By Deployment Mode
(On-premise and Cloud), By End users
(Service Providers and Enterprises), By Company, By Region, Forecast &
Opportunities, 2026” has evaluated the future growth potential of global network
traffic analysis solutions market and provided statistics & information on
market size, shares, structure and future market growth. The report intends to
provide cutting-edge market intelligence and help decision makers take sound investment
decisions. Besides, the report also identifies and analyzes the emerging trends
along with essential drivers, challenges, and opportunities in the global network
traffic analysis solutions market.
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