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Network Traffic Analyzer Market by Solution and Service, Deployment Type, End-User, Organization Size, and Region - Global Forecast to 2022
Network Traffic Analyzer Market by Solution and Service (Professional and Managed), Deployment Type (Cloud and On-Premises), End-User (Enterprise, Service Provider, and Data Center), Organization Size, and Region - Global Forecast to 2022
“In-depth visibility into network security is driving the growth of the network traffic analyzer market.”
The global network traffic analyzer market size is expected to grow from USD 745.8 million in 2017 to USD 1,631.2 million by 2022, at a Compound Annual Growth Rate (CAGR) of 16.9% during the forecast period.
Growing concerns of network security across businesses, need for maintaining Quality of Experiene (QOS), increasing awareness about network traffic analyzer tools for business continuity, and global growth of network infrastructure are expected to drive the network traffic analyzer market. However, high costs associated with network traffic analyzer tools and lack of awareness among network administrators to choose a solution as per business needs may hinder the market growth.
“The cloud deployment segment is expected to grow at the highest rate during the forecast period.”
Cloud computing model is one of most effective technologies that impact every line of business. The high cost associated with network traffic analyzer solutions is one of the major challenges for solution providers, which can be overcome by the cloud deployment model. The advantages of the cloud-based deployment type include flexibility, scalability, affordability, operational efficiencies, and low cost. The overall adoption of cloud-based solutions is in its nascent stage and is expected to grow significantly during the forecast period.
“The Banking Financial Services, and Insurance (BFSI) vertical in the network traffic analyzer market is estimated to have the largest market share in 2017.”
The education vertical represents the highest adoption of network traffic analyzer among all verticals. Enterprise networks are exposed to threats because of tampering of networks or cyber-attacks, which may lead to the entire network failure or cause instability to finances. To overcome distinctive challenges, 24*7 network connectivity and flawless network availability are very crucial, which can be done by continually monitoring and analyzing the required network. Therefore, network traffic analyzer solutions play a crucial role in the BFSI vertical.
“Asia Pacific (APAC) is expected to grow at the highest CAGR during the forecast period.”
Major economies in the APAC region, such as China, India, Australia, and Japan, witness a rapid adoption of network traffic analyzer tools to gain in-depth visibility into the network. Proliferation of smartphones, increased DDoS attacks on networks, and broadband connectivity augmented by the emergence of advanced technologies, such as IoT, mobility, and cloud services in the APAC region are expected to be major driving forces for the network traffic analyzer market.
In-depth interviews were conducted with Chief Executive Officers (CEOs), marketing directors, innovation and technology directors, and executives from various key organizations operating in the network traffic analyzer market.
The breakup of the profiles of the primary participants is given below:
• By Company: Tier 1 – 24%, Tier 2 – 41%, and Tier 3 – 35%
• By Designation: C-Level – 57%, Director Level – 36%, and Others – 7%
• By Region: North America – 49%, Europe – 28%, APAC – 16%, and Rest of the World (RoW) – 7%
The key network traffic analyzer providers profiled in the report are as follows:
1. Cisco (US)
2. SolarWinds (US)
3. NETSCOUT SYSTEMS (US)
4. ManageEngine (US)
5. Kentik (US)
6. Ipswitch (US)
7. Colasoft (China)
8. Genie Networks (Taiwan)
9. Nokia (Finland)
10. HPE (US)
11. CA Technologies (US)
12. Plixer (US)
The network traffic analyzer market has been segmented on the basis of solutions and services, deployment types, organization sizes, end-users, and regions. A detailed analysis of key industry players has been done to provide key insights into their business overview; products and services; key strategies; new product launches; partnerships, agreements, and collaborations; expansions; and competitive landscapes associated with the global network traffic analyzer market.
Reasons to Buy the Report
The report will help market leaders/new entrants in the following ways:
• The report segments the network traffic analyzer market comprehensively and provides the closest approximations of the revenue numbers for the overall market and the subsegments across different regions.
• The report helps stakeholders understand the pulse of the market and provides them information on the key market drivers, restraints, challenges, and opportunities.
• The report is expected to help stakeholders understand competitors better and gain more insights to advance their position in the market. The competitive landscape section includes competitor ecosystems, new product developments, partnerships, and mergers and acquisitions.