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Impressive Trends and Future Scope of Network Traffic Analytics Market

A fresh specialized intelligence report published by KandJ Market Research with the title “Global Network Traffic Analytics Market Research Report 2020-2024” has the ability to help the decision-makers in the most important market in the world that has played a significantly important role in making a progressive impact on the global economy. The Global Network Traffic AnalyticsMarket Report…

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Network Traffic Analytics Market: Global Opportunity Analysis and Industry Forecast, 2019-2026

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Network traffic analysis provides in depth insight into what type of traffic or network packets or data are flowing through a network. It performs through a network monitoring or network bandwidth monitoring software or application. Network traffic analytics is a process of studying, recording, and analyzing network traffic to enhance performance of network operations and to improve security. It is mainly used to understand and evaluate network utilization to track download or upload speed and identify suspicious and malicious packets within the network. The main focus of network traffic analytics is threat identification in real time. Network traffic analysis used with threat management services can provide an even richer perspective on activity and help expedite a response.

#Network traffic analysis #Network Traffic Analytics

GLOBAL NETWORK TRAFFIC ANALYTICS MARKET 2019-2028

Triton Market Research predicts that the global market for network traffic analytics is anticipated to witness a CAGR of 23.05% in the forthcoming period 2019-2028. The market that was valued at $1107.35 million in 2019, is expected to reach $7161.97 million by 2028. The market study considers the impact of the coronavirus pandemic on the industry.

Network traffic analytics records, studies and analyzes the network traffic in order to improve security and network operation’s performance. It is primarily used for assessing the network utilization to identify suspicious packets within the network and to track download or upload speed. Threat identification in real-time is the main focus of network traffic analytics. Network traffic analysis used with threat management services is able to offer a more affluent outlook on activity and help accelerate a response.

Triton Market Research’s report on the network traffic analytics market provides an in-depth insight into the market. The detailed analysis of the market includes key insights, the impact of COVID-19 on network traffic analytics, Porter’s five force analysis, market attractiveness index and vendor scorecard.

https://www.tritonmarketresearch.com/reports/network-traffic-analytics-market#request-free-sample

The rapid adoption of the Internet of Things, BYOD and connected devices are some of the factors driving the market growth for the network traffic analytics industry. Besides, the rapid growth of network infrastructure and the growing need for getting in-depth visibility into network security are expected to boost the market growth. The coronavirus pandemic is also anticipated to bolster the demand for network traffic analyzers, as since the inception of the COVID-19 pandemic, the world has observed a substantial uptick in online scams, malicious web activities and cyberattacks whose targets were as high-profile as the computer system at the US Health and Human Services Department.

Furthermore, growing machine-to-machine/IoT connections and increased spending on cybersecurity across the world is expected to provide major growth opportunities to the market in the upcoming years. Also, the advent of SaaS-based network traffic analytics solutions has become one of the key trends being observed in the market. Organizations are more and more adopting SaaS-based solutions due to their multiple benefits, such as instant access and accessibility of the pay-per-use model.

However, the considerable cost associated with these solutions and the availability of open-source & freeware network traffic tools is expected to impede the market growth during the forecast period. Numerous small and medium organizations are suffering from budget constraints, which is forcing the majority of SMEs to adopt free or open-source network traffic analyzers.

Key geographies covered in global network traffic analytics market are:

• North America: the United States and Canada

• Europe: United Kingdom, France, Germany, Spain, Italy, Russia and Rest of Europe

• Asia-Pacific: China, Japan, India, Australia, South Korea, ASEAN Countries and Rest of Asia-Pacific

• Latin America: Brazil, Mexico and Rest of Latin America

• The Middle East and Africa: Saudi Arabia, Turkey, United Arab Emirates, South Africa and Rest of Middle East & Africa

The segmentation analysis of the network traffic analytics includes:

• Deployment is segmented into:

o On-premise

o Cloud

• Organization Size is segmented into:

o Small & Medium-sized Enterprises

o Large Enterprises

• Components is segmented into:

o Solution

o Services

• End-user is segmented into:

o Service Providers

o Enterprises

o Data Center

The network traffic analytics market involves multiple well-established vendors such as Flowmon Networks as, Microsoft, Kentik, International Business Machines Corporation, Allot, Broadcom (Symantec), SolarWinds Worldwide LLC, Cisco Systems Inc, Juniper Networks Inc, Nokia, Genie Networks Ltd, Infovista, LogRhythm Inc, Palo Alto Networks Inc and Huawei Technologies Co Ltd.

#global markets #market research #network traffic analytics

NORTH AMERICA NETWORK TRAFFIC ANALYTICS MARKET 2019-2028

According to an analysis by Triton Market Research, the network traffic analytics market in North America is anticipated to bloom at a CAGR of 22.01% in the forthcoming period between 2019 and 2028.

The countries evaluated in the North American network traffic analytics market are:

• Canada

• The United States

The US gives high importance to its military & defense sector and invests hugely in research & development activities of new weaponry systems. In October 2018, it was reported that most of the weapon systems under development are identified as critical cyber vulnerabilities. Therefore, the country is likely to create new avenues for the new and existing corporations to make investments in a suitable cybersecurity suite. In addition to that, the United States is witnessing an increase in the number of connected devices, thereby creating more vulnerabilities for cyber attackers. Besides, cybercriminals are trying to target IoT devices by exposing vulnerable attack loopholes. These factors are likely to boost the demand for the network traffic analytics market.

https://www.tritonmarketresearch.com/reports/north-america-network-traffic-analytics-market#request-free-sample

Cybercrimes in Canada are increasingly gaining high traction over the past few years. It is reported that in 2017, approximately 1 in 5 companies in the country was hit by a cyber-attack. One of the most common motives behind the cyberattack was to steal money or demand a ransom payment. Since the businesses in the country are increasingly adapting to digitization, Canada is becoming one of the most exposed countries to cybercrime. The majority of the corporations that face the brunt of cyberattacks are not confident of defending or patching the vulnerability, which is likely to create an immense opportunity for the market players in the coming years, consequently aiding the regional growth of the network traffic analytics market.

Palo Alto Networks Inc is a company that provides cybersecurity services to service providers, enterprises and government entities. The company offers different products and services, including firewall appliances, support & maintenance services of security management solutions and virtual system upgrades. It also offers subscription services for threat prevention, WildFire, uniform resource locator, autofocus and aperture subscription. Headquartered in Santa Clara, California, the US, the company operates globally across Europe, the Middle East and Africa, the Americas and Asia-Pacific.

Some prominent players in the network traffic analytics market are Nokia, Microsoft, Kentik, Broadcom (Symantec), International Business Machines Corporation, Flowmon Networks as, Palo Alto Networks Inc, Infovista, Juniper Networks Inc, Cisco Systems Inc, Huawei Technologies Co Ltd, Genie Networks Ltd, Allot, LogRhythm Inc and SolarWinds Worldwide LLC.

#North America #market research #network traffic analytics

MIDDLE EAST AND AFRICA NETWORK TRAFFIC ANALYTICS MARKET 2019-2028

A Triton Market Research report states that the network traffic analytics market in the Middle East and Africa is likely to proliferate with a CAGR of 24.86% in the projected period 2019-2028.

The countries scrutinized in the Middle East and Africa market are:

• Turkey

• United Arab Emirates

• South Africa

• Saudi Arabia

• Rest of Middle East & Africa

Saudi Arabia is one of the largest economies in the Middle East. It is also the largest IT market in the Gulf region. The government is undertaking several initiatives, including the NTP (national transformation program), which has been aiding the sudden development of IT in the country. In 2016, the government announced to invest about $4 billion for the development of ICT for the next five years. The main focus of this initiative would be the areas of cybersecurity, the use of geospatial IT systems and smart grids. Such a favorable move from the government is likely to provide immense scope for the IT security firms in Saudi Arabia. These factors are likely to surge the growth of network traffic analytics market in the coming years.

https://www.tritonmarketresearch.com/reports/middle-east-and-africa-network-traffic-analytics-market#request-free-sample

It is reported that the country is also prone to a high number of cyberattacks in the world. The occurrence of cyberattacks in the country has witnessed an increase by 7% quarter-on-quarter in the year 2017. These attacks were mostly targeted toward government entities like the energy and telecommunication sectors. Ransomware, Shamoon, Greenbug, Stonedrill and Powershell are some of the common cyberattack types in the Middle East. The increasing cases of cyberattacks are likely to create a demand for the network traffic analytics market in the region.

Allot is a company that provides innovative network intelligence and security solutions for enterprises across the globe. It offers services like traffic control & shaping, network & application analytics and network-based security services. The multi-service platform provided by the company is deployed by over 500 mobiles, service providers and more than 1000 enterprises. Headquartered in Hod HaSharon, Israel, the company has offices and subsidiaries in different countries in the world.

#middle east #market research #network traffic analytics

LATIN AMERICA NETWORK TRAFFIC ANALYTICS MARKET 2019-2028

Triton Market Research’s report on the Latin American network traffic analytics market illustrates that the industry is expected to bloom at a CAGR of 23.39% over the forecasted period 2019-2028.

The countries reviewed in the Latin American network traffic analytics market are:

• Mexico

• Brazil

• Rest of Latin America

In August 2018, it was reported that hackers utilized more than 200,000 unprotected routers in Brazil for mining cryptocurrencies. This poses a huge risk and vulnerability of several vital and personal data over the network, which may be misused for criminal activities. Similarly, in August 2016, before the opening ceremony of the Olympics conducted in Rio de Janeiro, the municipal and state websites of the country were hacked by a group of hackers who launched a series of DDOS (Distributed Denial Of Service) attacks. This situation is catalyzing the demand for a robust cybersecurity platform in order to tackle these issues, thereby proliferating the growth of network traffic analytics solutions in the country.

https://www.tritonmarketresearch.com/reports/latin-america-network-traffic-analytics-market#request-free-sample

Brazil is constantly looking for collaborations in order to reduce the cybercrime incident and improve the cybersecurity system. In April 2017, the government announced that the country is working closely with the Europol (European Union Agency for Law Enforcement Cooperation) to solve cross-border cybercrimes. Since the country is one of the emerging economies, hackers are more likely to attack financial services. As a result, there is an increasing need for network traffic analytics solutions in the country, which is expected to expand the growth of the regional market in the coming years.

Cisco Systems Inc is a company that is involved in designing, manufacturing and marketing of products related to the IT sector. The company provides products, including routers, switches, cable modem, headend equipment, videoscape software products, security products and controllers. Cisco Encrypted Traffic Analytics is a product sold by the company to provide visibility and detect malware in the network. The company has business operations in several regions, including Latin America.

#Latin-America #market research #network traffic analytics

EUROPE NETWORK TRAFFIC ANALYTICS MARKET 2019-2028

An analysis by Triton Market Research has determined that the European network traffic analytics market is likely to progress with a CAGR of 22.68% during the forthcoming period 2019-2028.

The countries evaluated in the Europe network traffic analytics market are:

• Italy

• The United Kingdom

• Germany

• Russia

• France

• Spain

• Rest of Europe

The growing adoption of Internet of Things (IoT) devices has increased the vulnerability and exposure to cyber-attacks. It is reported that the United Kingdom experienced an average of 237 DDoS (Distributed Denial of Service) attacks every month during the third quarter of 2017, with a hike of approximately 90% as compared to the first quarter of the same year. This situation has created an increase in the demand for advanced technologies like network traffic analytics solutions, thereby contributing to the growth of the regional market in the coming years.

https://www.tritonmarketresearch.com/reports/europe-network-traffic-analytics-market#request-free-sample

Germany is a technologically-independent country in terms of cybersecurity. The country announced an investment of EUR 200 million, along with the launch of a new cybersecurity research agency phased in the next few years. Due to the increasing number of connected devices, the cases of cyberattacks in Germany are constantly increasing. For example, the Government of Germany was under cyber-attack in March 2018, reporting the loss of sensitive data. Hence, the government and corporations are likely to upgrade their infrastructure with robust cybersecurity systems and solutions. These cases of attacks are expected to force the companies in strengthening their online presence, thereby augmenting the regional network traffic analytics market growth.

InfoVista SAS is a leading provider of technological services. It offers products, including virtualization, tool response time, data center optimization, mobility, cloud service assurance, and bandwidth monitor & reporting. Different sectors like mobile operators, government, enterprises and communication service providers are served by the company. InfoVista has its headquarters in Massy, France.

#europeanmarket #market research #network traffic analytics

ASIA-PACIFIC NETWORK TRAFFIC ANALYTICS MARKET 2019-2028

Triton Market Research, in its report on the network traffic analytics market in the Asia-Pacific region, has concluded that the industry is expected to flourish with a CAGR of 25.07% over the forecasted period 2019-2028.

The countries studied in the Asia-Pacific network traffic analytics market are:

• South Korea

• China

• ASEAN countries

• Japan

• India

• Australia & New Zealand

• Rest of APAC countries

In China, it is reported that there was a tremendous increase in the average number of cyber-attacks between the years 2014 and 2016. Hence, the country has been focusing on the significance of cybersecurity and has considered it on the level of national security. In June 2017, China implemented a new cybersecurity law, which was designed to aid the security of the critical infrastructure. Other industries, like the automotive sector, have also started paying attention to cybersecurity. Although the Internet of Vehicles is enhancing users’ driving experience, there are huge challenges regarding car and internet safety.

https://www.tritonmarketresearch.com/reports/asia-pacific-network-traffic-analytics-market#request-free-sample

The growing adoption of public cloud computing is compelling enterprises to re-allocate their business to cloud platforms. Data security, access control, tenant isolation are some issues that these enterprises are emphasizing on. Also, it was reported that, in 2007, the number of internet users in China crossed to more than 800 million. This indicates that increasing connected devices will lead to an increased need for security solutions in the market. One of the significant laws implemented in China implies that the network operators have to store data within the country and let the authorities do spot-checks on the network operation of the company. These initiatives indicate the high emphasis on cyber threats and laws in China, thereby influencing the regional market growth positively.

Huawei Technologies Co Ltd is a China-based information and communication technology company. It provides mobile, core network, broadband, transmission network and value-added services. The company offers services to telephone and internet operators. It provides products, including eSight Enterprise Network Management, which is multi-vendor device management with many features. Headquartered in Shenzhen, China, Huawei offers its products and services in the Americas, Europe, Africa and Asia-Pacific.

#asia-pacific #market research #network traffic analytics