The Network Traffic Analytics Market is Predict to reach USD 4.6 Billion by 2031, at a CAGR of 8.2%

Network Traffic Analytics Market Growth, Trends and Report Highlights

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).

List of Key Companies Profiled

• Accenture PLC
• Cisco Systems, Inc.
• Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.)
• IBM Corporation
• Juniper Networks, Inc.
• Microsoft Corporation
• Nokia Corporation
• Broadcom, Inc. (Symantec Corporation)
• Allot Ltd.
• Palo Alto Networks, Inc.

Network Traffic Analytics Market Report Segmentation

By Component

• Solution
• Services

By Deployment Type

• On-premise
• Cloud

By End User

• Enterprises
• Service Providers
• Data Center

By Organization Size

• Large Enterprise
• Small & Medium-sized Enterprises

By Geography

• North America
  • US
  • Canada
  • Mexico
  • Rest of North America
• Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific
• LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

Related Reports:

North America Network Traffic Analytics Market Size 2031

• September-2024
• 134 Pages

LAMEA Network Traffic Analytics Market Size Share 2031

• September-2024
• 146 Pages

Europe Network Traffic Analytics Market Size to 2031

• September-2024
• 146 Pages

Asia Pacific Network Traffic Analytics Market Size 2031

• September-2024
• 147 Pages