SME sector forecast to grow at highest CAGR from 2021 to 2028

DUBLIN, September 21, 2021 /PRNewswire/ — The “Global Network Traffic Analytics Market Size, Share & Trend Analysis Report By Component (Software, Service), By Deployment (On-Premise, Cloud), By Organization, By Vertical, By Region and Segment Forecast, 2021-2028″ report has been added to from offer.

The Global Network Traffic Analytics Market Size is Expected to Reach $5.69 billion by 2028, expanding at a CAGR of 9.7% from 2021 to 2028.

Network Traffic Analysis (NTA) includes general network operations and management; recording, reviewing, and analyzing network traffic for performance and security; and identify anomalies. Rising internet penetration, shifting consumer preference towards online platforms, continued adoption of the BYOD (Bring Your Own Device) trend, and resultant upsurge in cybercrime have triggered the need to effectively manage network traffic and complexity, thus driving the demand for advanced network management systems.

Cloud-based deployment is expected to gain traction during the forecast period as most organizations aggressively adopt home and remote working practices following the outbreak of the COVID -19 pandemic . Cloud-based deployment provides adequate agility as organizational data can be stored in the cloud and accessed in real time regardless of location for further analysis. However, cloud-based deployments also increase the volumes of data exchanged over data networks, which requires robust network traffic analysis solutions.

North America accounted for the largest share of global market revenue in 2020. The United States and Canadawhich are considered to be the most developed economies in the North America continent, are also known for their aggressive adoption of the latest and advanced technologies, such as the Internet of Things (IoT), Artificial Intelligence (AI) and cloud computing. A strong and well-developed IT infrastructure deployed in the region bodes well for aggressive adoption of network traffic analysis solutions.

Network Traffic Analytics Market Report Highlights

  • Software segment led the market in 2020 with over 60% revenue share as enterprises continued to adopt various network traffic analysis software to manage network traffic.
  • The cloud segment is expected to grow over the forecast period owing to the benefits, such as cost reduction, agility, and convenience in accessing data, provided by cloud-based deployment and continued adoption work from home policy (WFH) by organizations
  • The small and medium business segment is expected to grow at the highest CAGR from 2021 to 2028 owing to the growing awareness of network traffic analysis and its benefits among small and medium businesses.
  • North America dominated the market in 2020 owing to the early and aggressive adoption of latest and advanced technologies, such as IoT and cloud computing, which has driven the demand for network traffic analytics solutions in the regional market

Main topics covered:

Chapter 1. Methodology and scope

Chapter 2. Executive Summary

Chapter 3. Network Traffic Analytics Market Variables, Trends and Scope
3.1. Mapping of penetration and growth prospects
3.2. Global Network Traffic Analytics Market Dynamics
3.3. Industry Value Chain Analysis
3.4. Mapping of penetration and growth prospects
3.5. Network Traffic Analytics Market Key Company Ranking Analysis, 2020
3.6. Market analysis tools
3.7. Impact of COVID-19 on the Network Traffic Analytics Market

Chapter 4. Network Traffic Analytics Market: Component Outlook

Chapter 5. Network Traffic Analytics Market: Deployment Outlook

Chapter 6. Network Traffic Analytics Market: Organization Outlook

Chapter 7. Network Traffic Analytics Market: Vertical Outlook

Chapter 8. Network Traffic Analytics Market: Regional Outlook
8.1. Network traffic analytics market, by region, 2020 & 2028

Chapter 9. Competitive Landscape

  • Awake Security Inc.
  • Broadcom Corporation
  • Cloud Flare, Inc.
  • Core security technologies
  • Kentik
  • manage engine
  • NEC Corporation
  • Netscout Systems, Inc.
  • Netreo Embedded
  • Progress Software Corporation
  • Plixer
  • solar winds

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Charles J. Kaplan