The global Network Traffic Analysis Market size is anticipated to reach USD 5.69 billion by 2028, expanding at a CAGR of 9.7% from 2021 to 2028, according to a new study conducted by Grand View Research, Inc. Network Traffic Analysis (NTA) comprises general network operations and management; recording, reviewing, and analyzing the network traffic for performance and security; and identifying the anomalies. The growing internet penetration rate, the shifting consumer preference toward online platforms, the continued adoption of the Bring Your Own Device (BYOD) trend, and the subsequent upsurge in cybercrime have triggered the need to handle the network traffic and complexity efficiently, thereby driving the demand for advanced network management systems.
Cloud-based
deployment is expected to gain traction over the forecast period as most
organizations are aggressively adopting work-from-home and remote working
practices in the wake of the outbreak of the COVID -19 pandemic. Cloud-based
deployment provides adequate agility as organizational data can be stored over
the cloud and accessed in real-time, irrespective of the location, for further
comprehensive analysis. However, cloud-based deployments also increase the
volumes of data being exchanged over the data networks, thereby driving the
need for robust network traffic analysis solutions.
North
America accounted for the largest revenue share of the global market in 2020.
The U.S. and Canada, which are considered the most developed economies in the
North America continent, are equally known for aggressive adoption of the
latest and advanced technologies, such as the Internet of
Things (IoT), Artificial Intelligence (AI), and cloud
computing. A strong and well-developed IT infrastructure deployed in the region
bodes well for aggressive adoption of network traffic analysis solutions.
Related Press
Release@ Network
Traffic Analysis Market Report
Network Traffic Analysis Market Report Highlights
- The software
segment dominated the market in 2020 with a revenue share of more than 60%
as enterprises continued to adopt various network traffic analysis
software to handle the network traffic
- The cloud
segment is expected to grow over the forecast period owing to the
benefits, such as cost-saving, agility, and convenience in accessing the
data, provided by cloud-based deployment and the continued adoption of
Work From Home (WFH) policy by organizations
- The small
and medium enterprise segment is anticipated to expand at the highest CAGR
from 2021 to 2028 owing to the growing awareness about network traffic
analysis and its benefits among small and medium enterprises
- North
America dominated the market in 2020 owing to the early and aggressive
adoption of the latest and advanced technologies, such as IoT and cloud
computing, which has been driving the demand for network traffic analysis
solutions in the regional market
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
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Grand View Research, Inc
Phone: 1-415- 349-0058
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Email: sales@grandviewresearch.com
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