Network Traffic Analyzer Market
As per a study conducted by Persistence Market Research, the global network traffic analyzer market is anticipated to secure US$ 2.6 Billion in 2022, whereas, it was valued US$ 2.3 Billion in 2021. Owing to the rapid digitalization in the technological sector, the market for network traffic analyzer is likely to flourish significantly, securing US$ 6.6 Billion while recording a CAGR of 9.7% during the forecast period from 2022-2032. The rising need for proper network administration is in line with the growing network complexities contributing to the growth of the market. The growing internet penetration rate and the subsequent rise in cybercrimes are expected to drive the market growth in the forecasting period.
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Competitive Landscape
· Key players in the global network traffic analyzer market are taking several initiatives to expand their reach in the global market. Players focus on industry collaborations, mergers & acquisitions, and partnerships. Some of the eminent players in the region include SolarWinds, Netscout , Broadcom , Nokia and Opmantek, among others. Recent key developments in the Network traffic analyzer market industry include:
· In April 2021 -- Broadcom Inc. and Google Cloud announced a strategic collaboration to accelerate innovation and strengthen cloud services integration within the core software franchises of Broadcom. Under this partnership, Broadcom will deliver its suite of security and enterprise operations software on Google Cloud, enabling businesses to deploy Broadcom solutions in security, DevOps and more on Google Cloud’s trusted, global infrastructure.
· In February 2022-- Netscout Systems, Inc. a leading provider of cybersecurity, service assurance, and business analytics solutions, announced the availability of nGeniusEDGE Server, a comprehensive, plug-and-play solution that provides customers with the visibility and insights they need to ensure a high-quality end-user experience regardless of where employees work.
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Expert analysis, actionable insights, and strategic recommendations - the IT & Telecommunications team at Persistence Market Research helps clients from all over the globe with their unique business intelligence needs. With a repository of over 500 reports on IT & Telecommunications of which 100+ reports specific for IT & Telecommunications. The team provides end-to-end research and analysis on regional trends, drivers for market growth, and research development efforts in the IT & Telecommunications industry.
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