According to a new report, published by KBV research, The Global Network Traffic Analytics Market size is expected to reach $4.6 billion by 2031, rising at a market growth of 8.2% CAGR during the forecast period.
The Solution segment generated the highest revenue in the Global Network Traffic Analytics Market by Component in 2023; thereby, achieving a market value of $2.9 billion by 2031. Network traffic analytics solutions offer comprehensive visibility into all aspects of network traffic, including performance metrics, security events, and usage patterns. This holistic view allows organizations to monitor and analyze network traffic in real-time, providing a complete understanding of network health and activity.
The Cloud segment is experiencing a CAGR of 9% during (2024 - 2031). Cloud solutions eliminate the need for large capital expenditures on hardware and infrastructure. Organizations pay for cloud services on a subscription or usage basis, converting capital expenses into operational expenses. The cloud model reduces the need for in-house IT resources and maintenance, leading to cost savings on hardware, software updates, and system management.
The Enterprises segment will lead the Global Network Traffic Analytics Market by End User in 2023,; thereby, achieving a market value of $2 billion by 2031. Enterprises often operate extensive and complex network infrastructures that span multiple locations, data centers, and remote offices. Network Traffic Analytics provides the tools to monitor, manage, and optimize these complex environments effectively. Enterprises use many network components, including routers, switches, firewalls, and cloud services.
The Small & Medium-sized Enterprises segment captured a CAGR of 8.9% during (2024 - 2031). As SMEs grow, their network infrastructures become more complex, often integrating various technologies, cloud services, and remote work solutions. Network Traffic Analytics helps manage and optimize this complexity by providing visibility and insights into network performance and traffic patterns.
Full Report: https://www.kbvresearch.com/network-traffic-analytics-market/
The North America region dominated the Global Network Traffic Analytics Market by Region in 2023; thereby, achieving a market value of $1.6 billion by 2031. The Europe region is poised to grow at a CAGR of 7.8% during (2024 - 2031). Additionally, The Asia Pacific region would witness a CAGR of 9% during (2024 - 2031).
By Component
By Deployment Type
By End User
By Organization Size
By Geography
Unique Offerings 
