Network Telemetry Market Overview
The Network Telemetry Market is expected to reach USD 826.1 Million by 2025, registering a CAGR of 39.4% during the forecast period. In this report, Market Research Future (MRFR) includes the segmentation and dynamics of the market to offer a better glimpse of the coming years.
The Network Telemetry Market has been segmented on the basis of Component, End User, Organization Size, and Region.
Based on the component, the network telemetry market has been segmented into solutions and services. The services segment has been categorized as consulting, integration and deployment, support and maintenance. The services segment is expected to grow at a higher CAGR during the forecast period. The growing adoption of network telemetry solutions across enterprises and service providers has led to the demand for the services. The need for consulting services, integration and deployment services and support and maintenance services is also growing.
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Based on end-user, the network telemetry market has been segmented into service providers and enterprises. The service providers have further been segmented into telecom service providers, cloud service providers, managed service providers, and others. The service providers segment is expected to have a larger market share in the network telemetry market during the forecast period. This is mainly due to the high adoption of network telemetry solutions by telecom and Cloud Service Providers (CSPs)
Based on organization size, the network telemetry market has been segmented into large enterprises and small- and medium-sized enterprises. The large enterprises are the early adopters of these solutions and thus, are expected to have a larger market share during the forecast period.
Network Telemetry Market Key Players
The Key Players of the Global Network Telemetry Market are
- Google (US)
- Anuta Networks (US)
- Waystream AB (Sweden)
- Apcela (US)
- Netronome (US)
- Barefoot Networks (US)
- Arista Networks (US)
- Cisco Systems Inc. (US)
- Juniper Networks (US)
- Mellanox Technologies (US)
- VOLANSYS (US)
- Pluribus Networks (US)
- Barefoot Networks (US)
- Solarflare Communications (US)
- Marvell Semiconductor, Inc. (US).
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Network Telemetry Market Regional Analysis
The regional analysis for the global network telemetry has been done for North America, Europe, Asia-Pacific, and the Middle East & Africa, and South America. The market in North America accounted for the largest market share in 2018, and it is expected to register strong growth during the forecast period. The market in Asia-Pacific is expected to register the highest CAGR during the forecast period. This growth can be attributed to the growing need to resolve downtime issues quickly.
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According to a research report "Network Telemetry Market by Component (Solution and Services), Organization Size, End User (Service Providers (Telecom Service Providers, Cloud Service Providers, and Managed Service Providers), Verticals), and Region - Global Forecast to 2024", published by MarketsandMarkets, the global network telemetry market size is expected to grow from USD 140 million in 2019 to USD 704 million by 2024, at a Compound Annual Growth Rate (CAGR) of 38.1% during the forecast period.
Primary factors expected to drive the growth of the network telemetry market are an increasing need for in-depth visibility into network security and Quality of Service (QoS), and growing network infrastructure.
Exponential growth in the global Internet Protocol (IP) traffic and cloud traffic, and prominence of the Internet of Things (IoT) are further expected to offer vast market opportunities for network telemetry vendors in the next 5 years.Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=110999318Large enterprises to hold a larger market size during the forecast periodBy organization size, Small and Medium-sized Enterprises (SMEs) are expected to grow at a higher growth rate during the forecast period.
Network management in large enterprises enables them to solve their data and network management problems in a better manner.
In today’s Information Technology (IT) era, network management solutions and services should be customized and should adhere to the policies of large enterprises.
Network telemetry solutions and services enable large enterprises to manage their day-to-day network-based business operations.CSPs to record the highest CAGR during the forecast periodIn the network telemetry market by service provider, Cloud Service Providers (CSPs) are expected to register the highest CAGR during the forecast period.
