According to Goldstein Research, “Growing need to monitor traffic movement and performance all through the network and to avoid any security breaches within the network, has significantly augmented the growth of Network Traffic Analyzer Market.” Moreover, rising cybersecurity threats are the key factor in the adoption of network traffic analyzer technology.
“Global Network Traffic Analyzer Market Outlook 2024”
The global network traffic analyzer market is segmented based on component, by deployment type, by organizations size, and by end users. Organization size is further classified into large enterprises and small and medium-sized enterprises (SMEs). Based on organization size, large enterprises hold the lion revenue share of 70% in global network traffic analyzer market in 2016.
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The global network traffic analyzer market size is expected to reach USD 2.3 billion by 2024, expanding at a CAGR of 15.4% during the forecast period. The growth is majorly attributed to the rapid growth of network infrastructure and surging need for in-depth visibility into the network security.
The North America network traffic analyzer market is anticipated to witness the market growth of 12.8% CAGR during the forecast period 2016–2024. North America holds the major network traffic analyzer market share and is also a potential region with major investments in network infrastructure by data center providers, MSPs, cloud services, and Communication Service Providers (CSPs). Enterprise mobility and IoT development would offer remarkable opportunities for the network traffic analyzer market growth in the region.
Cloud-Based Deployments: Major Breakthrough
Cloud-based computing models are one of the most effective technologies that are impacting every line of businesses. The high cost associated with network traffic analyzer solutions is one of the major challenges for the vendors or solution providers, which can be overcome by the cloud deployment models. The advantages of the cloud-based deployment type such as flexibility, scalability, affordability, operational efficiencies, and low cost are some of the major factors for the faster growth of cloud-based deployments. Majorly adoption of cloud-based solutions is in its emerging stage and is likely to grow significantly during the forecast period.
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“Global Network Traffic Analyzer Market Outlook 2024” contains a detailed overview of the global network traffic analyzer market in terms of market segmentation by component, by deployment type, by organizations size, and by end users.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis.
Global Network Traffic Analyzer Market Report also provides a competitive outlook of some of the major players which includes profiling of companies such as Genie Networks, Flowmotion Networks, NetScouts, ManageEngine, Netmon Inc., Ipswitch Inc.etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services, and industries catered, financial analysis of the company and recent developments.
Overall, the report represents comprehensive synopsis on the global network traffic analyzer market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market-centric strategies according to the ongoing and expected trends in the future.
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