IMARC Group, a leading market research company, has recently released a report titled “Network Traffic Analyzers Market Report by Component (Solutions, Services), Deployment Type (Cloud, On-Premises), End User (Service Providers, Data Centers, Government, Healthcare, Retail, Banking and Financial Services, Media and Entertainment, Telecommunication, and Others), and Region 2024-2032”. The study provides a detailed analysis of the industry, including the global network traffic analyzers market trends, trends, size, and industry trends forecast. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

The global network traffic analyzers market size reached US$ 3.1 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 6.8 Billion by 2032, exhibiting a growth rate (CAGR) of 8.8% during 2024-2032.

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What is Network Traffic Analyzers Market

Network traffic analyzers represent specialized systems that are utilized by network administrators for regulating network traffic and determining the issues causing slowdowns, bottlenecks, and downtime. They consist of several solutions, such as bandwidth monitoring, network security, auditing trials, application monitoring, etc. Network traffic analyzers help in enhancing the visibility of devices that are connected to the network, facilitating improved security automation, troubleshooting security and operational issues, providing behavioral-based threat detection, etc. Consequently, they find extensive utilization, across numerous sectors, including healthcare, retail, telecommunication, banking, media and entertainment, government, utilities, etc.

Network Traffic Analyzers Market Trends

The elevating need for advanced network management systems to handle network traffic and complexities is primarily driving the network traffic analyzers market. Furthermore, the escalating demand for internal network security, owing to the rising incidences of cyberattacks, is also positively influencing the market growth.

Additionally, the growing digitization across various industrial verticals, which include healthcare, retail, manufacturing, etc., and the shifting preferences toward enhanced network efficiency through centralized management are further augmenting the global market. In line with this, increasing inclination among small and medium enterprises (SMEs) on improved information technology or IT agility and network customization through reliable application services is acting as another significant growth-inducing factor.

Apart from this, the introduction of virtualized network function Infrastructure (VNFI), the expanding deployment of virtual machines in the software-defined environment for monitoring traffic flow, and the inflating investments in research and development (R&D) activities to innovate software as a service (SaaS)-enabled network traffic analytics are expected to propel the network traffic analyzers market over the forecasted period.

Network Traffic Analyzers Market Segmentation:

Breakup by Component:

Solutions

·         Bandwidth Monitoring

·         Network Security

·         Auditing Trials

·         Application Monitoring

·         Others

Services

·         Integration and Consulting

·         Training and Support

Breakup by Deployment Type:

·         Cloud

·         On-Premises

Breakup by End User:

·         Service Providers

·         Data Centers

·         Government

·         Healthcare

·         Retail

·         Banking and Financial Services

·         Media and Entertainment

·         Telecommunication

·         Others

Breakup by Region:

·         North America

·         Asia Pacific

·         Europe

·         Latin America

·         Middle East and Africa

Competitive Landscape with Key Players:

The competitive landscape of the network traffic analyzers market size has been studied in the report with the detailed profiles of the key players operating in the market.

Some of These Key Players Include:

·         Awake Security (Arista Networks)

·         Broadcom Inc.

·         Cisco Systems Inc.

·         Darktrace, Dynatrace LLC

·         FireEye Inc.

·         Flowmon Networks a.s.

·         Genie Networks Ltd.

·         HPE-Aruba

·         Ipswitch Inc. (Progress Software Corporation)

·         Kentik Technologies Inc.

·         ManageEngine (Division of Zoho Corporation)

·         MixMode

·         Netscout Systems Inc.

·         Nokia Oyj

·         Plixer LLC

·         Vectra AI

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Key Highlights of the Report:

·         Market Performance (2018-2023)

·         Market Outlook (2024-2032)

·         Market Trends

·         Market Drivers and Success Factors

·         Impact of COVID-19

·         Value Chain Analysis

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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Content Source: https://medium.com/@nitinsharma1572002/network-traffic-analyzers-market-size-report-2021-2028-21f506ad2e86