The network traffic analysis solution market is expected to expand its roots in the global market at a moderate CAGR of 11.3% through 2032.
The market is valued at USD 2.9 Billion in 2022 and is likely to reach USD 8.5 Billion by 2032. Previously, the market was thriving at a higher CAGR of 12.5% (2016 to 2021), resulting in a market size of USD 2.5 Billion in 2021.
As system applications rise along with the adoption of employee-owned (BYOD), virtualizations, distributed infrastructure, and cloud services, the consumption of network traffic analysis solutions, enhances the monitoring processes and analysis.
Network traffic analysis solutions are penetrating business spaces through the tools that provide better and structured visibility in communication within the system and network levels, increasing the control benefits that decrease the time interval between the resolution of network issues and their occurrence. Traffic analysis solutions are mostly used in monitoring network capacity and ensuring its security and safety, increasing the sales of network traffic analysis solutions.
| Attributes | Details |
|---|---|
| Network Traffic Analysis Solutions Market CAGR (2022 to 2032) | 11.3% |
| Network Traffic Analysis Solutions Market Value (2022) | USD 2.9 Billion |
| Network Traffic Analysis Solutions Market Value (2032) | USD 8.5 Billion |
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The paradigm shift from normal text messaging to social media messaging apps along with big capital investments by e-commerce giants increases their control over the network and enhances the security of a company’s valuable data.
Network traffic analysis solutions market demand analysis explain the driving factors for the market as proliferating traffic, high consumption of the internet with 5G deployment, advanced attacks on business data, and enhanced control over information.
The high demand for network traffic analysis solutions is attributed to its accessible method for decrypting security professionals while not getting their hands on data privacy implications. In the changing corporate dynamics, data security is an important component of any business, and network analysis helps the end user analyze the threats.
The rapid growth of e-commerce giants like Amazon and Flipkart (Walmart) is expanding the retail space traffic. This allows the expansion of the network traffic analysis solutions market size. Multiple sale events like Flipkart’s big billion-day sale gain a lot of traction from Indian end users. E-commerce platforms adopt traffic analysis solutions to monitor network activities so that the website’s server doesn’t go down because of the high-end user traffic.
This includes providing the end user an enhanced, amazing experience, easing the navigation for them, and resolving all their queries. NTA solutions improve network differentiation in order to allow users to browse through the website conveniently.
Recent developments in the network traffic analysis solutions market explain evolving attacks on network-based communication systems such as phishing attacks or data theft, hackers using new technology to penetrate into security layers of businesses are creating an uneasy situation for corporations. Increased use of cloud technology and cloud traffic has also led to the expansion of network traffic analysis solutions.
It helps the cloud systems secure the important data and information of the company. NTA solutions help businesses analyze the threat and then manage it accordingly. Cutting-edge monitoring tools are also helping end-user businesses in keeping an eye on multiple components to enhance productivity, involving the management of distributed Denial-of-service (DDoS) attacks while maintaining the quality of experience (QoE), increasing the sales of network traffic analysis solutions.
As 5G deployment plays an important part in the growth of the network traffic analysis solutions market, covid-19, and its spread has put a hold on the deployment of 5G deployment around the countries, restraining the growth of the market. Even though the spread of covid-19 has been fruitful to the market, this one factor restrained the growth of the market.
The network traffic analysis solutions market is categorized by deployment type, user type, and industry vertical. These categories are further divided into small segments that expand their channels in multiple market spaces. These segments perform differently in multiple markets as they have a stronghold in multiple regions.
The deployment category is segmented into cloud and on-premises, while the user type category is segmented into small and medium enterprises (SME) and large enterprises. The last category is a vertical industry divided into banking, financial services, insurance, government, healthcare, energy and utilities, education, telecom, IT, manufacturing, and retail.
By deployment type, the network traffic analysis solutions market analysis finds that the On-premises segment is the biggest and is expected to hold the major chunk of the market in the forecast period, thriving at a CAGR of 9.1%.
The factors behind this segment's sales are reliability, easy implementation, and high consumption of on-premises solutions while security concerns arise. Another factor that drives the segment's growth is its increased use of social media monitoring.
By industrial vertical, the banking, financial services, and insurance (BFSI) segment is the biggest segment in the network traffic analysis solutions market. It is expected to hold the largest portion in the forecast period.
The segment is thriving at a strong CAGR of 11.6%. The factors behind the growth of this segment are rising technological advancements in the banking sector and improving security and monitoring levels. Aggressive pricing, growing analysis, and monitoring need to expand the market size of the network traffic analysis solutions.
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The network traffic analysis solutions market report explains that the market is divided into regions; North America, Latin America, Asia Pacific, Middle East and Africa (MEA), and Europe. The biggest market is the USA, growing at a CAGR of 12.3% between 2022 and 2032.
The region is expected to hold a market revenue of USD 2.2 Billion by the end of 2032. Factors behind the high sales of NTA solutions are increasing traffic in the region, rising cyberattacks, and rapid 5G deployments.
Apart from this, China is the highest-growing market for network traffic analysis market, thriving at a CAGR of 14.9% and will hold the second-highest value of USD 1.6 Billion by 2032, while the Japan region is the highest growth potential with a CAGR of 13.8% between 2022 to 2032, generating a revenue of USD 479.6 Million. The UK also grows along with Japan, with the forecasted value of USD 681.2 Million (2032) at a CAGR of 12.3% between 2022 to 2032.
| Regions | CAGR (2022 to 2032) |
|---|---|
| United States of America | 12.3% |
| United Kingdom | 12.3% |
| China | 14.9% |
| Japan | 13.8% |
| India | 13.6% |
The competitive landscape of the network traffic analysis solutions market is diversified, and vibrant and makes the market more tightly for new players. Companies also collaborate and merge with other companies, which strengthens their roots and expands their distributional channels.
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The network traffic analysis solutions market is set to grow at a CAGR of 11.3% through 2032.
China is the biggest region in network traffic analysis solutions market with a CAGR of 14.9% between 2022 and 2032.
On-premises segment is the leading segment in the network traffic analysis solutions market by type.
The network traffic analysis solutions market is set to reach USD 8.5 Billion by 2032.
Asia Pacific has the highest growth potential in the Network Traffic Analysis Solutions market, where Japan and China have the highest growth rates of 13.8% and 14.9% respectively through 2032.
1. Preface 2. Assumptions and Research Methodology 3. Executive Summary: Global Market 4. Market Overview 5. Global Market Analysis and Forecasts, By Deployment Type 5.1. Cloud 5.2. On-Premises 6. Global Market Analysis and Forecasts, By User Type 6.1. Small and Medium Enterprise (SME) 6.2. Large Enterprise 7. Global Market Analysis and Forecasts, By Industry Vertical 7.1. Banking, Financial Services, and Insurance (BFSI) 7.2. Government 7.3. Healthcare 7.4. Energy and Utilities 7.5. Education 7.6. Telecom and IT 7.7. Manufacturing 7.8. Retail 7.9. Others (Media & Entertainment, Aerospace & Defense, and Hospitality) 8. Global Market Analysis and Forecasts, By Region 8.1. North America 8.2. Europe 8.3. Asia Pacific 8.4. Middle East and Africa 8.5. South America 9. North America Market Analysis and Forecasts 10. Europe Market Analysis and Forecasts 11. Asia Pacific Market Analysis and Forecasts 12. Middle East and Africa Market Analysis and Forecasts 13. South America Market Analysis and Forecasts 14. Competition Landscape 14.1. Netreo Inc. 14.2. Dynatrace LLC 14.3. Cisco Systems, Inc. 14.4. Palo Alto Networks, Inc. 14.5. Ipswitch Inc. 14.6. Netmon Inc. 14.7. Zoho Corp. (ManageEngine) 14.8. Flowmon Networks 14.9. Genie Networks 14.10. GREYCORTEX s.r.o. 15. Key Takeaways
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Network Traffic Analysis Solutions Market
