Network Traffic Analytics Market Is Projected to Hit USD 2,500 million By 2024 | Microsoft, Cisco, IBM, Nokia Networks, Juniper Networks, Symantec

Network Traffic Analytics Market is forecast to register its name in the billion-dollar fraternity down the line of seven years, by exceeding a revenue of USD 2,500 million by 2024 with a projected CAGR of 20% over 2018-2024

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In this age of technology, increased accessibility to the internet has dictated the augmentation of the network traffic analytics market for monitoring and managing traffic, across different platforms in several consumer driven industry verticals. Traffic analysis is crucial in gaining detailed insights into the type of data that is flowing through a network, so as to have a better understanding of a business’ network utilization, connection speeds and the type of data packets.

Providing the origin and destination of a transaction enables an enterprise’s IT system to identify any suspicious data packet, promoting the utility of the network traffic analytics industry. With the growing frequency of cyberattacks threatening to disrupt operations and data security in major organizations, the network traffic analytics market will experience a tremendous uplift through enhanced network monitoring solutions.

Real-time data analysis has proven to be vital in ensuring fast detection and investigation capabilities of a company’s network handling system. The network traffic analytics market, boasting a valuation of over USD 780 million worldwide in 2017, has evolved accordingly to provide solutions for conducting analytics on real-time network information.

Essentially, the breakdown of network traffic helps to establish a normal working pattern of an organization’s functioning, allowing easier recognition of components that seem out of the ordinary, like connection of any unregistered device or unusual traffic spike. Network monitoring, in a sense, adds a level of security against a probable event and enables the implementation of proactive safety measures. The BFSI sector, particularly, stands to benefit extremely from advancements within the network traffic analytics industry.

The integration of new and innovative technologies with network monitoring and analysis systems will further improve their ability to measure performance metrics at granular levels, mitigate cyber threats and deliver faster return on investment. Lastline, a leading cybersecurity company, has recently introduced an AI-powered network traffic analysis solution. Representative of an emerging segment within the network traffic analytics market, which will create a smarter system for analyzing the traffic entering or operating inside a network. The solution applies AI (artificial intelligence) to the network traffic and could become one of the most effective threat monitoring technology available in the market.

North America held around 52% of the market share in 2017 and is anticipated to remain the network traffic analytics market leader over the forecast timeframe. The major factors contributing to the growth of the region include the early adoption of the network traffic analytics solutions along with the presence of the leading industry players including Cisco, IBM, and Microsoft. The companies operating in this region are also entering into strategic partnerships to expand their businesses offerings.

For instance, in February 2018, Barefoot Networks, a firm based in the U.S. is delivering network monitoring systems partnered with Netsia to enable service providers to get complete network visibility. As the service providers are using the new 5G networks, this partnership will assist them in delivering and running the services seamlessly.

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Some of the major vendors operating in the network traffic analytics market are Microsoft, Cisco, IBM, Nokia Networks, Juniper Networks, Symantec, Flowmon, Bradford Networks, Allot Communication, Palo Alto Networks, Ascom Holdings, SolarWinds, Accenture, Kentik, Genie Networks, Huawei, Plixer, and Zenoss.

Glimpse of Table of Content (ToC)

Chapter 4. Competitive Landscape

4.1. Introduction
4.2. Company market share, 2017
4.3. Major network traffic analytics market players, 2017
4.3.1. Cisco
4.3.2. Juniper Networks
4.3.3. Symantec
4.3.4. Nokia Networks
4.3.5. IBM
4.4. Major network traffic analytics market innovation leaders, 2017
4.4.1. Kentik
4.4.2. Flowmon
4.4.3. Plixer
4.4.4. Genie Networks
4.4.5. Netreo, Inc.
4.5. Other prominent vendors
Chapter 5. Network Traffic Analytics Market, By Deployment Model
5.1. Key trends, by component
5.2. Solutions
5.2.1. Market estimates and forecast, 2015 – 2024
5.2.2. Market estimates and forecast, by region, 2015 – 2024
5.2.3. Network traffic monitoring
5.2.3.1. Market estimates and forecast, 2015 – 2024
5.2.3.2. Market estimates and forecast, by region, 2015 – 2024
5.2.4. Network visibility
5.2.4.1. Market estimates and forecast, 2015 – 2024
5.2.4.2. Market estimates and forecast, by region, 2015 – 2024
5.2.5. Network performance
5.2.5.1. Market estimates and forecast, 2015 – 2024
5.2.5.2. Market estimates and forecast, by region, 2015 – 2024
5.2.6. Network security
5.2.6.1. Market estimates and forecast, 2015 – 2024
5.2.6.2. Market estimates and forecast, by region, 2015 – 2024
5.2.7. Network capacity planning
5.2.7.1. Market estimates and forecast, 2015 – 2024
5.2.7.2. Market estimates and forecast, by region, 2015 – 2024
5.2.8. Others
5.2.8.1. Market estimates and forecast, 2015 – 2024
5.2.8.2. Market estimates and forecast, by region, 2015 – 2024
5.3. Services
5.3.1. Market estimates and forecast, 2015 - 2024
5.3.2. Market estimates and forecast, by region, 2015 – 2024
5.3.3. Integration and deployment service
5.3.3.1. Market estimates and forecast, 2015 – 2024
5.3.3.2. Market estimates and forecast, by region, 2015 – 2024
5.3.4. Consulting service
5.3.4.1. Market estimates and forecast, 2015 – 2024
5.3.4.2. Market estimates and forecast, by region, 2015 – 2024
5.3.5. Training and support service
5.3.5.1. Network traffic analytics market estimates and forecast, 2015 – 2024
5.3.5.2. Market estimates and forecast, by region, 2015 – 2024
5.3.6. Managed service
5.3.6.1. Market estimates and forecast, 2015 – 2024
5.3.6.2. Market estimates and forecast, by region, 2015 – 2024

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