DUBLIN--(BUSINESS WIRE)--The "Network Traffic Analyzer Market by Component (Solutions and Professional Services), Deployment Mode (Physical, Virtual, and Cloud), End users (Service Providers and Enterprises), Enterprise Size, and Region - Global Forecast to 2024" report has been added to ResearchAndMarkets.com's offering.
The global network traffic analyzer market size is projected to grow from USD 1.9 billion in 2019 to USD 3.2 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 10.6% from 2019 to 2024.
Growing number of IoT driven-application areas to drive adoption of network traffic analyzer tools
The advancements of Internet o Things (IoT)-driven technologies and cloud-based services have initiated the growth of networking infrastructures. IoT generates large data volume on the cloud leading to huge network traffic volumes. This leads to issues of both management and security. Organizations are implementing network traffic analyzer tools to provide Quality of Service (QoS) for data traffic, predictive threat detection, zero-day attack identification, alert precision and reduction, and network traffic analysis to enhance cloud management. Lack of technical granularity within the tools to match every aspect of network monitoring is one of the major restraining factors faced in the market.
Cloud deployment mode to grow at a higher CAGR during the forecast period
Cloud deployment mode is often agent-based and can be implemented over cloud-native environments, such as Amazon Web Services (AWS), and Azure among others. There has been explosive growth in cloud-based services, and the dependency of Small and Medium-sized Enterprises (SMEs) over the cloud is relatively higher. This has created an enormous opportunity for SMEs to integrate network analyzer through the cloud. Growing adoption of mobile devices and the rising trend of Bring Your Own Device (BYOD) has also created unprecedented challenges for network administrators.
The healthcare enterprise segment to witness the highest growth rate during the forecast period
Healthcare organizations are moving their data to a hybrid, cloud, and private environment. Medical databases contain tons of information, including insurance records and financial data, which are ripe for frauds, thefts, and sale on the black market. As per the National Cyber Security Alliance, in 2018, there were more than 2,000 security breaches and 53,000 medical IoT security incidents discovered across 53 countries. Advancements in technologies, such as IoT networks increase the cyberattack surface by multiplying the number of possible access points.
Asia Pacific to grow at the highest CAGR during the forecast period
Asia Pacific (APAC) consists of major economies, such as China, India, Japan, Australia, and South Korea. These countries are gaining worldwide attention due to their rapid growth and advancements, such as the adoption of cloud, big data, and digital transformation technologies. Factors, such as the increased demand for cloud computing, IoT, and big data analytics solutions, especially from the Banking, Financial Services and Insurance (BFSI), healthcare, government, and heavy industries, is contributing to the market growth. This has led to the rapid adoption of network traffic analyzer solutions by enterprise customers in fast-growing countries, such as China, India, and Australia.
Key benefits of buying the report:
The report is expected to help the market leaders/new entrants in this market by providing them information on the closest approximations of the revenue numbers for the overall network traffic analyzer market and its segments. This report is also expected to help stakeholders understand the competitive landscape and gain insights to improve the position of their businesses and plan suitable go-to-market strategies. It also aims at helping stakeholders in understanding the pulse of the market and providing them with information on key market drivers, restraints, challenges, and opportunities.
Key Topics Covered:
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.4 Years Considered for the Study
1.5 Currency Considered
2 Research Methodology
2.1 Research Data
2.2 Data Triangulation
2.3 Market Size and Growth Estimation
2.4 Assumptions for the Study
2.5 Microquadrant Methodology
2.6 Limitations of the Study
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities in the Global Market
4.2 Network Traffic Analyzer Market, By Deployment Mode, 2019
4.3 North America: Market By Component and End User, 2019
4.4 Asia Pacific: Market By Component and End User, 2019
5 Market Overview and Industry Trends
5.2 Market Dynamics
6 Network Traffic Analyzer Market By Component
6.3 Professional Services
7 Market, By Deployment Mode
8 Network Traffic Analyzer Market, By End User
8.2 Service Providers
9 Network Traffic Analyzer Market, By Enterprise Size
9.2 Small and Medium-Sized Enterprises
9.3 Large Enterprises
10 Market, By Region
10.2 North America
10.4 Asia Pacific
10.5 Latin America
10.6 Middle East and Africa
11 Competitive Landscape
11.1 Competitive Leadership Mapping
11.2 Strength of Product Portfolio
11.3 Business Strategy Excellence
11.4 Market Ranking of Vendors in the Network Traffic Analyzer Market, 2019
12 Company Profiles
12.14 Flowmon Networks
12.18 Riverbed Technology
12.21 Extrahop Networks
12.22 Inmon Corporation
For more information about this report visit https://www.researchandmarkets.com/r/o5l9xg