Global network traffic analysis solutions market is expected to expand at a CAGR of 16.1% during the forecast period of 2017 to 2025 and reach US$4,985.2 mn by the end of 2025.
The global market discussion on network traffic analysis solutions can be found in a new report, which has been added to the massive repository of Market Research Hub (MRH). The research study is titled as “Network Traffic Analysis Solutions Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2025”, which offers a holistic outlook of the market covering market trends, factors along with industry growth prospects from 2012 to 2017, and forecast to 2022.
The report also highlights opportunities in the network traffic analysis solutions market at the global and regional level. Prime regions emphasized in the study are North America, Europe, Asia Pacific, Middle East & Africa (MEA), and South America; these are analyzed in terms of market revenue.
As the name suggests, network traffic analysis solution is a process of recording, reviewing and analyzing network traffic data. This is mainly done to review the network’s performance in terms of security, operations, management and network health monitoring.
Presently, network traffic analysis solutions play an important role in gaining insights about the availability of bandwidth and its distribution. Better performance, in turn, leads to a reduced or an optimized operational cost and effective management of resources.
Owing to these factors, various industrial verticals across the world are making investments in network traffic analysis solutions. According to the report evaluations, the global network traffic analysis solutions market is expected to reach a valuation of US$4,985.2 mn by the end of 2025.
During the forecast years of 2017 and 2025, the global market is expected to surge at a remarkable CAGR of 16.1%.
Major Dynamics and Regional Expansion
Growth in the number of connected smart devices and increasing IT security budget are expected to be major drivers of the market’s growth. The market is also expected to receive a push for the advancement in the cybersecurity field and also the growing number of smart city projects.
In this study, a detailed discussion of the segmentation of the network traffic analysis solution market provides readers with a clear view of the various components of the market. The market has been segmented on the basis of deployment type, user type, industry, and region.
Among various industry verticals, the banking, financial services, and insurance (BFSI) sector is expected to do well in the coming years. The need for better security and swift transactions is expected to propel this segment.
In terms of geography, Asia Pacific is expected to dominate the global market as emerging economies will create multitude of opportunities.
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Moreover, the research also adds that North America is estimated to contribute a major share throughout the forecast period, and expected to hold about one-third of the global market’s revenue. The presence of major industry players along with high adoption of such software across many verticals is expected to drive the market growth in the region.
Major players in the network traffic analysis solutions market include Ipswitch, Inc. GREYCORTEX s.r.o., Flowmon Networks, Zoho Corporation, Genie Networks, and Cisco Systems, Inc.
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