Network Traffic Analyzer Market Analysis
Globally, the size of the Network Traffic Analyzer Market is set to grow at a CAGR of 10.20% to hit USD 4.72 Billion by 2027 driven by high technology adoption. Network traffic analyzer techniques are used to examine data at the granular level within network traffic. This process is used to acquire in-depth insight into network traffic data or packets that are flowing through the network. In order to conduct the traffic analysis, network bandwidth monitoring or network monitoring software is used.
The increasing trend of traffic analyzer market usage to handle increasing network traffic and complexities is driving the industry's growth. Furthermore, network traffic analyzers can monitor IP traffic for complicated IT infrastructure environments, making them a viable solution for end-users. The use of network traffic analyzers in the cloud and IoT technology is rapidly expanding. The growing demand for network traffic analyzer tools among cloud service providers for end-to-end visibility is fueling market expansion. During the forecast period, technological advances in communication and network infrastructures are expected to create new opportunities in the market.
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COVID-19 Impact on the Global Network Traffic Analyzer Market
COVID-19 is an unparalleled public health emergency that has affected practically every industry, and the long-term repercussions are expected to impact industrial growth during the forecast period.
Market Segmentation
The global network traffic analyzer industry has been segmented into analysis techniques, solution and services, deployment type, and organization size.
By analysis techniques, the global network traffic analyzer market has been segmented into router-based and non-router-based.
By solution and services, the global network traffic analyzer market has been segmented into network traffic, network security, bandwidth monitoring, network capacity, and others. By services, the global network traffic analyzer market has been segmented into professional services and managed services.
By deployment type, the global network traffic analyzer market has been segmented into cloud and on-premises.
By organization size, the global network traffic analyzer market has been segmented into large enterprises and SME's.
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Regional Analysis
Region-wise, the global network traffic analyzer market has been segmented into North America, Europe, Asia Pacific, and the rest of the world.
North America accounted for the highest market share, with nations including the United States, Canada, and Mexico, among others. The reason is ascribed to the region's growing demand for high technology adoption in developed network infrastructure. The thriving IT industry in North America, combined with the expansion of cloud facilities, contributes to the growth of network traffic analyzer demand in the region.
The Asia Pacific is expected to be the fastest-growing over the forecast period, 2017-2023. Due to increased industrialization and cloud services in emerging nations such as India and Japan, Asia Pacific is predicted to be the fastest expanding market.
Competitive Landscape
The global network traffic analyzer market is fiercely competitive. A competitive landscape is formed by several existing multinational companies, domestic companies, and new entrants. The key players are constantly seeking market expansion through various strategic mergers and acquisitions, innovation, increased RD investments, and a cost-effective software portfolio. Because of the presence of several large vendors, the network traffic analyzer market is highly competitive.
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Key Players
Notable players in the global network traffic analyzer market include- Cisco Systems (U.S.), Ipswitch (U.S.), SolarWinds (U.S.), NETSCOUT SYSTEMS (U.S.), CA Technologies (U.S.), HPE (U.S.), ManageEngine (U.S.), Plixer (U.S.), Colasoft (China), Nokia (Finland), Kentik (U.S.) and Genie Networks (Taiwan) among others.
1 MARKET INTRODUCTION
1.1 INTRODUCTION
1.2 SCOPE OF STUDY
1.2.1 RESEARCH OBJECTIVE
1.2.2 ASSUMPTIONS
1.2.3 LIMITATIONS
1.3 MARKET STRUCTURE
2 RESEARCH METHODOLOGY
2.1 RESEARCH NETWORK TECHNOLOGY SOFTWARE
2.2 PRIMARY RESEARCH
2.3 SECONDARY RESEARCH
2.4 FORECAST MODEL
2.4.1 MARKET DATA COLLECTION, ANALYSIS FORECAST
2.4.2 MARKET SIZE ESTIMATION
3 MARKET DYNAMICS
3.1 INTRODUCTION
3.2 MARKET DRIVERS
3.3 MARKET CHALLENGES
3.4 MARKET OPPORTUNITIES
3.5 MARKET RESTRAINTS
4 EXECUTIVE SUMMARY
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