The Global Network Analytics Market size is expected to reach $3.7 billion by 2025, rising at a market growth of 18.3% CAGR during the forecast period. Network analytics tools are essential tools for communications service providers (CSPs) as they work to address the global convergence marketplace dynamics, where digital networks and other technological advances intensify the blurring of industry boundaries and extend their competitors' ranks. The resulting challenges include rising data traffic, declining revenue per user, and growing service quality demands of consumers.
Global Network Analytics Market Size
Major investments are required in the new world of convergence, both to introduce the enabling technology required to manage network expansion and regulation, and to develop the capabilities of CSPs to properly manage the quality of service. Network analytics for CSPs can provide invaluable assistance in efficiently targeting all forms of investment. This helps CSPs to be smarter about where they spend their money and, at the same time, prioritize the quality of service problems that may need to be addressed.
Network analytics requires all the big data user-facing accoutrements. Such features include detailed dashboards, robust ad-hoc querying and reporting, and versatile and interactive visualization tools to analyze relationships, patterns, and abnormal incidents. Network managers can gain deeper visibility into network performance with the help of big data principles that apply machine learning and artificial intelligence (AI) technologies. Nevertheless, big data will produce huge amounts of information that could overwhelm IT teams. As a result, network managers are generally advised to focus on the actionable intelligence that big data provides instead of slogging through large amounts of data. Network analysis tools should also be combined with other technologies, such as submitting network incidents to a network operations center or intrusion detection and prevention systems.
Global Network Analytics Market Share
Based on Component, the market is segmented into Software and Services. On the basis of component, services segment to record a higher rate of growth over the forecast period as compared to the network intelligence solutions segment. The category of services has a significant influence on the development of the market for network analytics. With the rising adoption of network analytics solutions by companies across major application areas, demand for services is increasing. Based on Application, the market is segmented into Network Performance Management, Risk Management and Fault Detection, Customer Analysis, Quality Management, Compliance Management and Others. Based on Deployment Type, the market is segmented into On-premise and Cloud. Based on Organization Size, the market is segmented into Large Enterprises and Small & Medium Enterprise. Based on End User, the market is segmented into Telecom Providers, Managed Service Providers, Cloud Service Providers and Others. Based on Regions, the market is segmented into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa.
Free Valuable Insights: Global Network Analytics Market to reach a market size of $3.7 billion by 2025
Network Analytics Market Cardinal Matrix
The major strategies followed by the market participants are Product launches and Partnerships & Collaborations. Based on the Analysis presented in the Cardinal matrix, Siemens AG, Honeywell International, Inc., IBM Corporation, Huawei Technologies Co., Ltd., Cisco Systems, Inc., and Accenture PLC are some of the forerunners in the Network Analytics Market. The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Cisco Systems, Inc., Extreme Networks, Inc., IBM Corporation, Huawei Technologies Co., Ltd., SAS Institute, Inc., Nokia Corporation, Accenture Plc., Hewlett Packard Enterprise Company, NetScout Systems, Inc. and Ericsson AB.
» Collaborations, Partnerships, and Agreements:
» Acquisition and Mergers:
» Product Launches:
Market Segmentation:
By Component
By Application
By Deployment Type
By Organization Size
By End User
By Geography
Companies Profiled
The Network Analytics market is projected to reach USD 3.7 billion by 2025.
The major factors that are anticipated to drive the Network Analytics industry include increased need for energy efficiency, supportive industry standards and regulations, and evolving market for smart cities.
The Network Performance Management market dominated the Global Network Analytics Market by Application in 2018.
Some of the key industry players are Cisco Systems, Inc., Extreme Networks, Inc., IBM Corporation, Huawei Technologies Co., Ltd., SAS Institute, Inc., Nokia Corporation, Accenture Plc., Hewlett Packard Enterprise Company, NetScout Systems, Inc. and Ericsson AB.
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