Global Network Analytics Market 2016-2020

Global network analytics market overview

Technavio’s market research analyst predicts that the global network analytics market will grow at a CAGR of close to 26% during the forecast period. The increased adoption of BYOD (bring your own device) is a key driver for the growth of the network analytics market size. The growing mobile workforce has led to employees using their personal portable devices such as smartphones, laptops, and tablets to access and store confidential information. Mobile devices, however, make it easy for hackers to get unauthorized access to information. This may lead to unscrupulous activities and the misuse of critical business data. Enterprises are increasingly adopting network analytics solutions to analyze the problems in the network and enable employees to gain secure access to confidential information.

The rising number of DDoS (distributed denial of service) attacks is also expected to aid network analytics market growth over the next four years. Hackers are opting for DDoS techniques, an improved version of DoS, to initiate a coordinated attack from multiple systems. The increase in instances of DDoS attacks in the BFSI and government sectors has been leading to a high demand for network analytics solutions.

End-user based segmentation and the network analytics market analysis

• Telecommunications
• BFSI
• Managed service providers
• Healthcare
• Government
• Media and entertainment

The telecommunications segment is the largest in the global network analytics market and is expected to grow slightly during the forecast period. The growing demand for solutions in this sector is driven by mobile network operators, network equipment manufacturers, wholesale access providers and virtual network operators.

Geographical segmentation and the network analytics market analysis

• Americas
• APAC
• EMEA

The Americas region dominated the global network analytics market during 2015 with close to 50% market share. Moderate growth is expected from this region during the forecast period due to the early adoption of analytics solutions by enterprises of all sizes. The availability of scalable infrastructure, increased cyber-attacks and malware, and higher technology adoption rates by companies will all contribute to market growth in this region through the end of 2020.

Competitive landscape and key vendors

The global network analytics market is in its growth phase. Competition is expected to intensify along with an increase in product and service extensions, innovations and M&As. Vendors have to develop new technologies and stay abreast of market developments to remain competitive.

Key vendors in this market are -

• Accenture
• Cisco
• HP
• IBM
• Juniper Networks
• SAS Institute

Other prominent vendors in this market are Alcatel-Lucent, Allot Communication, Bradford Networks, Brocade Communications, Empirix, Hitachi Data Systems, JDS Uniphase, Netronome Systems, NetScout, Sandvine, TIBCO Software, Virtela Technology Services, VPIsystems, and WildPackets.

Key questions answered in the report include

• What will the network analytics market size and the growth rate be in 2020?
• What are the key factors driving the global network analytics market?
• What are the key network analytics market trends influencing the growth of the market?
• What are the challenges to the network analytics market growth?
• Who are the key vendors in the global network analytics market?
• What are the market opportunities and threats faced by the vendors in the global network analytics market?
• Trending factors influencing the network analytics market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global network analytics market?

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