According to a new market research report "Network Traffic Analyzer Market by Component (Solutions and Professional Services), Deployment Mode (Physical, Virtual, and Cloud), End users (Service Providers and Enterprises), Enterprise Size, and Region - Global Forecast to 2024", published by MarketsandMarkets™, the network traffic analyzer market size expected to grow from USD 1.9 billion in 2019 to USD 3.2 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 10.6% during the forecast period.
Ongoing 5G deployments, increasing number of Internet of Things (IoT)-driven applications, and ever increasing demand to monitor networking infrastructures are the major drivers of this market.
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By service provider, the managed service providers segment to grow at the highest CAGR during the forecast period
Managed Service Providers (MSPs) offer various types of Information Technology (IT) services that include managed security services, managed network services, managed communication and collaboration services, managed data center services, managed mobility services, managed IT infrastructure services, and managed information services. Managed services reduce the load on the IT staff within an organization by remotely managing the IT needs, thus enabling organizations to focus more on business enhancement.
By service, the training and support segment to grow at the highest CAGR during the forecast period
Training and support services keep the network running and operational with the utmost efficiency. Training services and support standards help take the full advantage of the capabilities provided by solution providers. To increase operational efficiency with a lower cost, companies use support services. These services help with software support, which can be offered from remote spots using web conferencing, phones, onsite help, and ticketing frameworks, in order to comply with the company’s network policy.
North America to lead the market during the forecast period
Based on regions, North America is expected to lead the network traffic analyzer market during the forecast period. North America consists of developed countries with well-established infrastructures, data center operators, and Cloud Service Providers (CSPs), which generate a huge demand for network traffic analyzer solutions in the region. Countries that contribute the most to the market in North America include the US and Canada as they have stable economies, which enable investments in new network technologies, such as 5G, Internet of Things (IoT), and cloud management of networks. North America, being the most developed region, houses large verticals that are capable of investing in reliable and advanced IT infrastructures for growing data traffic, thereby opening new opportunities for the adoption of network traffic analyzer solutions.
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Major network traffic analyzer vendors providing a host of solutions and services include SolarWinds (US), Netscout (US), Broadcom (US), Nokia (Finland), Opmantek (US), Progress (US), Kentik (US), Colasoft (China), ManageEngine (US), NEC (Japan), NetVizura (Serbia), Plixer (US), MixMode (US), Opsview (UK), Inmon (US), Nagios (US), Corelight (US), Awake (US), Ideadata (Germany), Qosmos (France), Dynatrace (US), Sandvine (Canada), Extrahop (US), LiveAction (US) and LogRhythm (US). The study includes an in-depth competitive analysis of these key players, along with their company profiles, recent developments, and key growth strategies.
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Global Network Traffic Analyzer Market Key Trends (2017-2018) _ by Component, Deployment Mode, Organization Size, End-user and Geography Global Network Traffic Analyzer Market anticipated to dominate the market over the forecast period majorly due to the proliferation of smartphones, and growing DDoS attacks on network and broadband connectivity.
Global Network Traffic Analyzer Market is expected to reach USD 2016.6 Million by 2024 from USD 660 Million in 2016 at a CAGR of 17.3%.Global Network Traffic Analyzer Market Key Trends - Market SizeGlobal Network Traffic Analyzer Market Key Trends, by Component:• Solutions • ServicesGlobal Network Traffic Analyzer Market Key Trends, by Deployment Mode:• Cloud • On-PremisesGlobal Network Traffic Analyzer Market Key Trends, by Organization Size:• Small & Medium Enterprises • Large EnterprisesGlobal Network Traffic Analyzer Market Key Trends, by End-user:• Service Providers • Enterprises • Data CentersGlobal Network Traffic Analyzer Market Key Trends, by Geographies:• North America • Europe • Asia Pacific • Middle East & Africa • Latin America Global Network Traffic Analyzer Market: Global Industry Analysis and Forecast 2024 Maximize Market Research offers high-quality market research reports, publishing around 1000 studies annually.
These reports are custom made for a host of industries, providing in-depth market analysis and forecast, investigating significant business trends and highlighting and identifying possible development opportunities across the entire value chain.
Teams of experienced and consummate research professionals constantly track important industries, recognizing key developments, potential growth opportunities, and unmet needs.
Our research reports are aimed to provide an in-depth understanding of the business environment, breaking down the market in a systematic process to highlight focus areas for clients
Network Traffic Analyzer Market 2021New Study Reports " Network Traffic Analyzer Market 2021 Global Market Demand, Opportunities, Challenges, Strategies and Forecasts 2023" has been Added on MarketResearchFuture.Report Summary:The global network traffic analyzer market is highly competitive.
Various established international brands, domestic brands and as well as new entrants form a competitive landscape.
The key players are nonstop increasingly seeking market expansion through various strategic mergers and acquisitions, innovation, increasing investments in research and development and cost-effective product portfolio.
The network traffic analyzer market is highly competitive due to the presence of several large vendors.
In addition to it, various growth factors, restraints, and opportunities are also analyzed for the market to study the in-depth understanding of the market.This report also analyzes the impact of Coronavirus COVID-19 on the Network Traffic Analyzer industry.Key PlayersThe report has profiled some of the Important players prevalent in the global like – Cisco Systems (U.S.), SolarWinds (U.S.), NETSCOUT SYSTEMS (U.S.), CA Technologies (U.S.), Ipswitch (U.S.), ManageEngine (U.S.), Plixer (U.S.), Colasoft (China), HPE (U.S.), Nokia (Finland), Kentik (U.S.) and Genie Networks (Taiwan) among others.Request for Free Sample Report of “Network Traffic Analyzer” Market @ https://www.marketresearchfuture.com/sample_request/4596Regional AnalysisThe global network traffic analyzer market is expected to grow significantly over the forecast period, 2017-2023.
These regions are further bifurcated into various countries including U.S., Canada, Mexico, UK, France, Germany, China, Japan and India.North America region hold the largest market share (in terms of revenue) of the total network traffic analyzer market.
The global network traffic analyzer market is forecast to reach USD 2.93 Billion by 2026, according to a new report by Reports and Data.
Network traffic analysis is used for the purpose of reviewing, recording, and analyzing network traffic for security, performance, and general network operations & management.
Extensive information exchange is one of the most significant results of advanced information technologies.
Additionally, the report highlights the market competition including the portfolios and strategic alliances and endeavors of the key competitors.
The report also offers key insights about top companies in the market along with their company overview, business expansion plans, financial standing, production and manufacturing capacity, and global position.Get a sample of the report @ https://www.reportsanddata.com/sample-enquiry-form/2317Key companies operating in the market include: SolarWinds, Cisco Systems, ManageEngine, NETSCOUT Systems, Ipswitch, Kentik, Genie Networks, Colasoft, Hewlett Packard Enterprise (HPE) Company, Nokia Corporation, Plixer, CA Technologies, and NetFlow Auditor, among others.The report provides comprehensive details about the market with respect to overall revenue, sales and consumption, pricing trends, gross margins, growth rate, and market size.
Network traffic management manages, controls, and reduces network traffic whenever necessary.
