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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.
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.
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.
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 -
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.
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PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by end-user
PART 07: Market segmentation by region
PART 08: Buying criteria
PART 09: Market drivers
PART 10: Impact of drivers
PART 11: Market challenges
PART 12: Impact of drivers and challenges
PART 13: Market trends
PART 14: Five forces model
PART 15: Vendor landscape
PART 16: Description of major vendors
PART 17: Appendix
PART 18: Explore Technavio
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