Network Analytics Market is anticipated to expand at a compound annual growth rate (CAGR) 13.6% during forecast period 2022-2032 | Broadcom Inc., Huawei Technologies Co., Ltd., IBM, Juniper Networks, Inc

The global Network Analytics Market was valued at 2.4 billion in 2022 and it is anticipated to grow up to USD 8.6 billion by 2032, at a CAGR of 13.6% during the forecast period.

Network analytics entails leveraging big data concepts and tools to effectively manage and safeguard data networks. Such analysis tools find particular relevance in organizations with intricate networks or stringent security requirements. To enable comprehensive network analytics, user-facing elements characteristic of big data are indispensable. These encompass extensive dashboards, powerful ad-hoc querying and reporting capabilities, along with versatile and interactive visualization tools that facilitate the exploration of relationships, trends, and anomalous events.

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Market Trends and Drivers

Exponential growth of data and the increasing complexity of modern networks. As the digital landscape continues to evolve, organizations are generating vast amounts of data from various sources, including mobile devices, IoT devices, social media platforms, and cloud applications. This data explosion poses significant challenges for businesses in terms of managing, securing, and optimizing their networks effectively.

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Network analytics solutions play a crucial role in addressing these challenges by providing advanced tools and technologies to monitor, analyze, and interpret network data in real-time. These solutions empower businesses to gain valuable insights into network performance, traffic patterns, and security threats, enabling them to proactively detect and mitigate issues, improve operational efficiency, enhance user experiences, and make informed strategic decisions.

As the demand for robust network analytics solutions continues to rise, fueled by the ongoing digital transformation and the proliferation of interconnected devices, the network analytics market is expected to witness substantial growth in the coming years.

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Market Segments

 By Component

  • Network Intelligence Solutions
  • Services
    • Professional Services
    • Managed Services

 By Deployment Mode

  • Cloud
  • On-premise

By Application

  • Customer Analysis
  • Risk Management
  • Fault Management
  • Network Performance Management
  • Compliance Management
  • Quality Management

By End-User

  • Cloud Service Providers
  • Managed Service Providers
  • Telecom Providers
  • Others

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