Network Traffic Analysis Market Analysis Report By Component, By Deployment, By Organization, By Vertical, By Region And Segment Forecasts From 2021 To 2028

Synopsis

The global network traffic analysis market was prized by USD 2.49 billion in 2020. It is estimated to witness 9.7% CAGR from 2021 to 2028.

Drivers

The enlargement of the market for network traffic analysis (NTA) can be credited to the increasing necessity for the appropriate network management, corresponding to the increasing network complications.

The rising speed of internet infiltration, in addition to the consequent growth in cybercrimes is likely to add to the expansion of the market. Sustained 5G rollouts, IoT deployments and cloud migrations, furthermore, indicate for the development of the market. The major impale in traffic above the data networks is propelling the want for network traffic analysis.

The innovations in communications & networking machinery are anticipated to unlock fresh development openings for the market, during the forecast period. The increasing inclination for the internet linked devices, for example tablets, smart phones, and laptops, between the persons are projected to push the expansion of the network traffic analysis market.

Restraints

A scary shortage of sufficient alertness along with the greater prices linked with network traffic analysis resolutions is projected to restrict the expansion of the market, during the forecast period.

Effect of Covid-19

The eruption of the Covid-19 pandemic plus the following lockdowns, in addition to the limitations forced in diverse portions of the world like a piece of the hard work to hold the increase of corona virus contain a reasonable effect on the network traffic analysis. The pandemic, along with the attempts to limit it, have reduced the speed of worldwide financial actions and abridged the effectiveness of regular business movements. But, the increasing consciousness, in addition to requirement for the better visibility into the devices linking to the network, impels the expansion of the market. Increasing demand for the cloud sourced software will push the demand for network traffic analysis.

Organization Insight

The market is more subdivided into large enterprise and small & medium enterprise, on the basis of organization.

In 2020, the large enterprise sector held approximately 60.0% global revenue share of the network traffic analysis market. A number of large enterprises have observed cyber assaults throughout the previous few years. The rising inclination for distant working after the eruption of the Covid-19 pandemic has, furthermore, augmented the hazards of cyber intimidation along with records violation.

The small & medium enterprises sector is projected to develop by the maximum 10.3% CAGR, during the forecast period. The easiness in linking with cloud sourced deployment is likely to push small & medium enterprises to choose for the cloud sourced network traffic analysis resolutions, during the forecast period.

Deployment Insight

On the basis of deployment, the market is further subdivided into cloud and on-premise. The on-premise section held above 60.0% revenue share and led the network traffic analysis market, in 2020. The on-premise use ensures setting up the software, straight on the clients' computer systems, in order that the entire managerial information is preserved in the premises of the business.

The cloud section is projected to record the maximum CAGR, during the forecast period. Cloud deployment permits information to be access distantly by means of the diverse linked devices, together with tablets and smart phones. The propagation of linked devices plus the increasing inclination between the experts for accessing information on the move and acquiring information concurrently is likely to impel the expansion of the cloud section.

Component Insight

The market is subdivided into service and software, on the basis of component. The software division held more than 60.0% share and led the market, in 2020. The rising necessity for highly developed network administration arrangement to deal with the complications in network traffic, in addition to increasing cybercrime, is impelling the requirement for the network traffic analysis software. The extreme neediness to make sure the clearness in communication at, together, system as well as device stages is, furthermore, powering the expansion of the market. The software division is expected to enlarge by the maximum CAGR, during the forecast period.

Vertical Insight

On the source of vertical, the market is additionally subdivided in to education, BFSI, government, retail, healthcare plus others. In 2020, the government sector detained the major, above 23.0% revenue share of the market. The various government organizations, globally, keep on stressing to make sure the sufficient information safety, following the secret as well as responsive governmental, in addition to people’s information, they possess. This feature is expected to continue adding to the supremacy of the sector, during near future.

The BFSI sector detained the major revenue share of the market, during 2020. The amount of cyber assaults; aiming the BFSI industry is large. The rising inclination for internet banking and mobile banking between the persons has, furthermore, augmented the hazard of cyber intimidation along with data violation. In this manner, encouraging banks as well as other financial organizations to implement network traffic analysis resolutions.

The healthcare sector is likely to increase by the maximum CAGR, during the forecast period. Healthcare report includes susceptible information, together with social security numbers of the patients, individual information about the physical condition, and bank details.

At the back of the eruption of Covid-19 pandemic, the necessity to safeguard healthcare report is exceptionally important. Therefore, the healthcare industry vertical is likely to insistently take on the network traffic analysis resolutions like a piece of the efforts, to make safe susceptible information of the patients.

Regional Insight

In 2020, North America held the maximum 28.8% revenue share of the global network traffic analysis market. The urbanized nations of North America region, like Canada and the U.S., are famous for in advance and assertive acceptance of the newest technologies, like cloud computing and IoT. The rising implementation of network traffic analysis, designed for military as well as defense function, encouraging the enlargement of the local market. The networking rules valid in North American nations are, furthermore, estimated to add to the expansion of the regional market.

Asia Pacific is likely to develop by the maximum CAGR, during the forecast period. The area is distinguished by the propagation of laptops, smart phones, in addition to the constant rollout of speedy data networks. Per se, a number of ventures in the nations like Australia, China, and India, are ever more rolling out composite enterprise data structure.

In Asia Pacific, some governments are, moreover, designing authoritarian improvements, intended for the information safety after the rising occurrences of cyber assaults, aiming enterprise set-up. All these issues are anticipated to direct the enlargement of the local market, during the forecast period.

Companies

On account of the existence of together the native as well as recognized companies, the market can be explained as extremely disintegrated. Besides, these entire companies are supplying to a restricted number of customers, thus increasing the contest within the market.

Some of the companies for network traffic analysis market are:

    • Netreo Incorporated
    • NEC Corporation
    • Cloudflare, Inc.
    • Awake Security Inc.
    • Solar Winds
    • NETSCOUT Systems, Inc.
    • Core Security Technologies
    • Broadcom Corporation

Report Scope

Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and analyzes the latest industry trends in each of the sub-segments from 2018 to 2028. For this study, Million Insights has segmented the global network traffic analysis market report based on component, deployment, organization, vertical, and region:

• Component Outlook (Revenue, USD Million, 2018 - 2028)
    • Software
    • Service

• Deployment Outlook (Revenue, USD Million, 2018 - 2028)
    • Cloud
    • On-premise

• Organization Outlook (Revenue, USD Million, 2018 - 2028)
    • Small and Medium Enterprises
    • Large Enterprises

• Vertical Outlook (Revenue, USD Million, 2018 - 2028)
    • BFSI
    • Healthcare
    • Government
    • Retail
    • Education
    • Others

• Regional Outlook (Revenue, USD Million, 2018 - 2028)
    • North America
        • U.S.
        • Canada
    • Europe
        • U.K.
        • Germany
    • Asia Pacific
        • China
        • Japan
        • India
    • Latin America
        • Brazil
        • Mexico
    • Middle East & Africa