Network Traffic Analysis Market

Global Network Traffic Analysis Market Size (2024 to 2032)

The global Network Traffic Analysis Market was worth USD 2.10 billion in 2023. The global market is predicted to reach USD 2.32 billion in 2024 and USD 5.19 billion by 2032, growing at a CAGR of 10.60% during the forecast period.

Network traffic analysis technology is used to examine the granular level of data within network traffic. This process obtains detailed information about network data from traffic or packets flowing through the network. In this process, network or bandwidth monitoring software is used for network traffic analysis. Network traffic analysis contains hundreds of network devices, such as routers, switches, hubs, workstations, servers, firewalls, and virtual machines, among other network-related devices. Therefore, you need a custom network traffic analysis solution to manage and maintain these devices, which can provide great insight into network traffic, business applications, protocol analysis, and bandwidth consumption. Different solutions are used to identify breaches, mitigations, and security attack detections, allowing you to better plan your network for the future. Network traffic analytics solutions emerge with hackers' constant innovation, providing organizations a realistic path to prevent data attacks. Additionally, the widespread acceptance of cloud computing, DevOps processes, and the Internet of Things (IoT) that maintain sufficient network visibility has become very complex and overwhelming. Network traffic analysis solutions can help you detect attacks on your network. The increasing adoption of Network Traffic analysis in various enterprise and service provider organizations is a significant factor that is supposed to drive future growth of the global Network Traffic analysis market.

MARKET DRIVERS

The increasing demand for Network Traffic analysis in data centers is one of the factors driving the growth of the global Network Traffic analysis market.

The business will grow remarkably in the coming years as demand for connected devices, such as smartphones and smart devices, increases. As the use of smart devices such as tablets, smartphones, and other IoT-enabled devices increases, the demand for the Internet increases, driving the development of the Network Traffic analysis market. Various organizations from different industries have been fascinated by high-speed Internet to reduce technical failures in their networks and to work efficiently with increasing network loads while conducting business operations. Additionally, the higher adoption of smartphones compared to personal computers has further fueled the growth of the global Network Traffic analysis market. Also, as inexpensive smartphones become available in developing countries, for example, India and China, the demand for smartphones is increasing further, leading to ever-increasing demand for the market for Network Traffic analysis. Besides, network infrastructure development activities are increasing in several developing and advanced countries. This is an additional factor estimated to drive the growth of the world Network Traffic analysis market. Also, the proliferation of smartphones and the increase in DDoS attacks on network and broadband connections are supposed to boost the growth of the global market.

Traffic on social media platforms is likely to increase as consumers switch from regular texting to messaging apps like Facebook Messenger. Therefore, traffic monitoring is an essential component for site or application operators. As the penetration of IoT and BYOD increases, it can drive market growth in the forecast period. On the other hand, the growing demand for working from home has dramatically expanded BYOD penetration in various sectors such as healthcare, education, and manufacturing. As cloud traffic grows, concerns about network security have increased across the enterprise, increasing the need to manage distributed denial of service (DDoS) attacks and maintain quality of experience (QoE). The global growth of network infrastructure driven by the rise of data centers and shared storage solutions promotes the market for network traffic analysis. Due to the changing nature of attacks, many technical experts estimate that network-based micro-breaches can be small enough to evade even the most advanced detection systems ever built. It is also known that implementing network traffic analysis solutions can generate a faster return on investment compared to endpoint and sandbox solutions. These factors played a vital role in making the market an investment area for enterprise security equipment.

MARKET RESTRAINTS

Vulnerable networks with infrequent security updates are foreseen to hamper the global Network Traffic analysis market with concerns about data security. Additionally, as the Bring Your Device (BYOD) movement gains momentum, the network traffic analysis market is estimated to face constraints. Another limitation of the Network Traffic analysis market is the high cost of these products and their lack of knowledge and skill, which makes it hard for network administrators to select the appropriate analysis based on their business needs.

Impact of COVID-19 on the Global Network Traffic Analysis Market

In response to the coronavirus outbreak, employees and other stakeholders have started working remotely, increasing pressure on organizations to manage cybersecurity risks. Another important source of stress caused by the telework policy is the lack of waiting time to reinforce and strengthen the functions of the network.

REPORT COVERAGE

SEGMENTAL ANALYSIS

Global Network Traffic Analysis Market Analysis By Components

The solutions segment has gained a significant share of the Network Traffic Analysis market in 2020 and is foreseen to continue to dominate over the outlook period. The growth in this segment is primarily due to the increasing need for cross-organization network traffic analysis solutions to detect, assess, and address security threats.

Global Network Traffic Analysis Market Analysis By Organization Size

The large enterprise segment dominated the network traffic analysis market share in 2020 and will likely continue to dominate throughout the conjecture period. Large organizations spend most of their budget on process optimization and data security because servers and critical resources are in their network facilities. Therefore, it drives the growth of the market.

REGIONAL ANALYSIS

North America is determined to have a significant market share during the forecast period, with the United States contributing more to revenue in the region. North America is estimated to account for about a third of the global Network market share in revenue. The necessary telecommunications and Internet infrastructure presence is also determined to drive the Network Traffic analysis market growth. North America also benefits from a rapidly expanding cybersecurity industry due to the rising number of cyber-attacks. The region is predicted to be followed by Europe and the Asia Pacific regarding Network Traffic analysis market share. The Asia Pacific region is envisioned to experience the highest growth rates during the outlook period, mainly due to the increase in the overall disposable income of Asian countries such as Japan, China, and India. It also encourages people to use advanced technologies similar to the Internet of Things (IoT), connected devices, and cloud computing.

KEY PARTICIPANTS IN THE GLOBAL NETWORK TRAFFIC ANALYSIS MARKET        

The major companies operating in the global network traffic analysis market include Allot Communication, Accenture Plc, Bradford Networks, Ascom Holdings, Symantec (Broadcom), Flowmon, Inc., Cisco Systems, Inc., Huawei, Genie Networks, Juniper Networks, IBM Corporation, Microsoft Corporation, Kentik, Netreo Inc., Netmon Inc., Palo Alto Networks, Nokia Networks, SolarWinds, Plixer, and Zenoss.

RECENT HAPPENINGS IN THE GLOBAL NETWORK TRAFFIC ANALYSIS MARKET

• In July 2020, Kentik launched a synthetic monitoring solution as a standalone test product for hybrid and cloud networks. This comprehensive monitoring proactively tests performance factors, adapts to Nyansa's dynamic internet traffic and route activity analysis, and accommodates Octarine's cloud-native security platform.

• In April 2020, Cybersecurity startup Awake Security secured $ 36 million in Series C funding to facilitate the expansion and adoption of its advanced network traffic analytics platform.

DETAILED SEGMENTATION OF THE GLOBAL NETWORK TRAFFIC ANALYSIS MARKET INCLUDED IN THIS REPORT

This research report on the global network traffic analysis market has been segmented and sub-segmented based on the components, organization size, and region.

By Components

• Services

• Solutions

By Organization Size

• Small & Medium Enterprises

• Large Enterprises

By Region

• North America

  • The United States

  • Canada

  • Rest of North America

• Europe

  • The United Kingdom

  • Spain

  • Germany

  • Italy

  • France

  • Rest of Europe

• The Asia Pacific

  • India

  • Japan

  • China

  • Australia

  • Singapore

  • Malaysia

  • South Korea

  • New Zealand

  • Southeast Asia

• Latin America

  • Brazil

  • Argentina

  • Mexico

  • Rest of LATAM

• The Middle East and Africa

  • Saudi Arabia

  • UAE

  • Lebanon

  • Jordan

  • Cyprus