Network Analytics Market Size, Share, and Report by 2030

Network Analytics Market Size and Forecast (2020 - 2030), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Component (Solutions, Services); Deployment Type (On-premise, Cloud); End User (Telecom Provider, Cloud Providers, Managed Service Providers, Others), and Geography (North America, Europe, Asia Pacific, and South & Central America)

Publication Month : Mar 2024

  • Report Code : TIPTE100000290
  • Category : Technology, Media and Telecommunications
  • Status : Data Released
  • No. of Pages : 150
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[Research Report] The network analytics market size is estimated to grow from US$ 3.10 billion in 2022 to US$ 12.89 billion by 2030; it is projected to register a CAGR of 19.5% from 2022 to 2030.

The network analytics market report emphasizes the key factors driving the market and prominent players' developments.

Analyst Perspective:

The network analytics market has witnessed significant growth in recent years. Technological advancements and complexities, increases in data volume, and changes in traffic patterns are the major factors contributing to market growth. Additionally, the increasing awareness of data protection is expected to bring new network analytics market trends in the coming years.

Market Analysis:

Network analytics refers to the process of examining and interpreting data generated by network infrastructure and operations to derive actionable insights that drive informed business decisions and operational improvements. This practice involves leveraging advanced tools and techniques to collect, monitor, and analyze network data, with the goal of optimizing performance, enhancing security, and enabling efficient resource allocation.

In the context of modern enterprises, network analytics plays a pivotal role in enabling organizations to gain a comprehensive understanding of their network ecosystem. By scrutinizing data related to network traffic, device connectivity, application performance, and security incidents, businesses can identify patterns, anomalies, and trends that impact their operations. This, in turn, empowers them to proactively address potential issues, streamline network management, and bolster cybersecurity measures.

Network analytics provides valuable insights into user behavior, application usage, and overall network performance, facilitating strategic decision-making regarding technology investments, capacity planning, and infrastructure upgrades. By harnessing the power of network analytics, businesses can optimize their IT resources, enhance user experiences, and align their network strategies with broader organizational objectives.

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Network Analytics Market: Strategic Insights

network-analytics-market
Market Size Value inUS$ 3.10 billion in 2022
Market Size Value byUS$ 12.89 billion by 2030
Growth rateCAGR of 19.5% from 2022 to 2030
Forecast Period2022-2030
Base Year2022
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Market Driver:

Rising Need to Manage Exponential Surge in Data to Drive Network Analytics Market 

In today's digital landscape, the proliferation of network devices and the exponential surge in data they generate have presented a pressing challenge for businesses. The escalating need to effectively manage this deluge of data has emerged as a pivotal driver influencing organizational strategies and IT investments. The influx of data from network devices, including IoT sensors, connected machinery, and employee devices, has reached unprecedented levels, necessitating robust management solutions. This surge in data is driven by the increasing interconnectedness of devices and the rising adoption of digital technologies across industries. As a result, businesses are grappling with the complexities of storing, processing, and deriving actionable insights from this vast volume of data.

To address this challenge, organizations are increasingly recognizing the significance of implementing advanced data management and analytics solutions tailored to the unique requirements of their network environments. By leveraging sophisticated tools and technologies, businesses can gain valuable insights into network performance, security threats, and user behaviors, thereby enabling informed decision-making and proactive network management. Furthermore, the ability to effectively manage the exponential surge in data generated by network devices is instrumental in enhancing operational efficiency, optimizing resource utilization, and bolstering cybersecurity measures. It enables organizations to extract meaningful intelligence from their data, driving innovation, improving customer experiences, and gaining a competitive edge in the marketplace. Thus, such applications are anticipated to propel the network analytics market growth during the forecast period.

Segmentation and Scope:

The global network analytics market is segmented on the basis of component, deployment type, end user, and geography. Based on components, the market is segmented into solutions and services. Based on deployment type, the market is segmented into on-premise and cloud. By end user, the market is segmented into telecom providers, cloud providers, managed service providers, and others. Based on geography, the market is segmented into North America, Europe, Asia Pacific, the Middle East & Africa, and South America.

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Segmental Analysis:

Based on end user, the network analytics market analysis is segmented into telecom providers, cloud providers, managed service providers, and others. The telecom providers segment held the largest network analytics market share in 2022. Telecommunication companies handle vast volumes of data from network devices, customer interactions, and subscriber behavior. Network analytics solutions enable organizations to derive valuable insights from this data, optimizing customer services and overall experience. Moreover, the deployment of 5G networks requires sophisticated network analytics solutions to manage the surge in data volume, dynamic network connectivity, and the need for low latency. The increasing need for network analytics solutions to improve operational efficiency within the telecom sector is anticipated to fuel network analytics market expansion.

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Regional Analysis:

The North America network analytics market analysis includes countries such as the US, Canada, and Mexico. The US accounted for the largest network analytics market share in North America in 2022 for various reasons. Firstly, the rapid pace of technological advancements and digital transformation throughout the region is projected to stimulate the demand for network analytics. These solutions primarily enhance networks to accommodate advanced technologies and digital endeavors. Moreover, North American organizations prioritize data-informed decision-making, and network analytics solutions enable them to gain insights into network performance, security, and user behavior. Such factors have also contributed to the growth of the region's network analytics market.

In October 2022, Oracle introduced the Oracle Network Analytics Suite, a cloud-native portfolio of analytics solutions designed to integrate network function data with machine learning and artificial intelligence. This offering aims to empower operators to make more informed, automated decisions regarding the overall stability and performance of their entire 5G network core. Specifically, the suite enables operators to swiftly identify anomalies that could potentially lead to critical network function failures, ultimately impacting customer service. Thus, such initiatives are anticipated to propel the network analytics market growth.

Key Player Analysis:

The network analytics market report emphasizes the key factors driving the market and prominent players' developments. IBM Corporation; Hewlett Packard Enterprise Development LP; Fortinet, Inc.; Huawei Technologies Co., Ltd.; Cisco Systems, Inc.; Broadcom, Inc.; Extreme Networks, Inc.; Juniper Networks, Inc.; Sandvine Corporation; Ciena Corporation; Allot Ltd.; and Nivid Technologies are among the prominent players profiled in the network analytics market report.

Recent Developments:

Inorganic and organic strategies such as mergers and acquisitions are highly adopted by network analytics market players. A few recent key market developments are listed below: 

  • In May 2023, Juniper Networks, Inc. introduced the Mist Access Assurance service, marking a significant milestone as the first cloud-native service of its kind. This innovative offering leverages Mist AI and a contemporary microservices cloud to provide a comprehensive suite of network access control (NAC) and policy management capabilities. Notably, these capabilities encompass Juniper's wired access, wireless access, indoor location, SD-WAN, and secure client-to-cloud portfolio, delivering unparalleled automation, insight, and assurance for superior access control and policy enforcement. The result is a solution that not only ensures exceptional operational savings but also offers businesses the flexibility and simplicity needed to navigate the complexities of modern network management.
  • In June 2023, Cisco introduced the Networking Cloud Platform, aiming to streamline the administration of networking equipment through a unified, standardized interface. This launch coincided with updates to various Cisco products, such as the ThousandEyes infrastructure monitoring service and the Catalyst portfolio.
  • In June 2022, at RSAC 2022, IBM Corporation unveiled its intention to acquire Randori, a prominent attack surface management (ASM) and offensive cybersecurity enterprise based in Boston. Randori specializes in assisting customers in identifying external assets visible to potential attackers, whether located on-premises or in the cloud, and prioritizing the most critical ones for protection.
  • In October 2022, Oracle introduced the Oracle Network Analytics Suite, a cloud-native portfolio of analytics solutions designed to integrate network function data with machine learning and artificial intelligence. This offering aims to empower operators to make more informed, automated decisions regarding the overall stability and performance of their entire 5G network core. Specifically, the suite enables operators to swiftly identify anomalies that could potentially lead to critical network function failures, ultimately impacting customer service. This new suite is strategically positioned to assist telecom operators in leveraging advanced technologies, such as machine learning and AI, to enhance their decision-making processes and ensure the optimal functioning of their 5G networks. By harnessing the power of data analytics and cutting-edge technologies, operators can proactively address potential network disruptions and maintain a high level of service reliability for their customers. The Oracle Network Analytics Suite represents a significant advancement in the realm of network analytics, offering operators the tools they need to navigate the complexities of 5G network management with greater precision and efficiency. As the telecommunications industry continues to evolve, solutions like the Oracle Network Analytics Suite are poised to play a pivotal role in driving operational excellence and delivering exceptional customer experiences.
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Component, Deployment Type, End User, and Geography

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

This text is related
to country scope.

Frequently Asked Questions


Which is the leading end user segment in the network analytics market?

The telecom providers segment led the network analytics market with a significant share in 2022.

Which is the fastest-growing region in the network analytics market?

Asia Pacific is anticipated to grow at the fastest CAGR over the forecast period.

Which key players hold the major market share of the network analytics market?

The key players holding majority shares in the network analytics market include IBM Corporation, Fortinet, Inc, Hewlett Packard Enterprise Development LP, Huawei Technologies Co., Ltd, and Cisco Systems, Inc. PLC.

What are the future trends of the network analytics market?

The growing adoption of cloud-based network analytics solutions are expected to be a major future trend of the network analytics market in the coming years.

What are the driving factors impacting the network analytics market?

Technological advancements and complexities, increase in data volume, and changes in traffic patterns are the major driving factors in the network analytics market.

What is the estimated global market size for the network analytics market in 2022?

The network analytics market was estimated to be valued at US$ 3.10 billion in 2022 and is projected to reach US$ 12.89 billion by 2030; it is anticipated to grow at a CAGR of 19.5% over the forecast period.

What will be the network analytics market size by 2030?

The network analytics market is expected to reach US$ 12.89 Billion by 2030.

The List of Companies - Network Analytics Market

  1. IBM Corporation
  2. Hewlett Packard Enterprise Development LP
  3. Fortinet, Inc.
  4. Huawei Technologies Co., Ltd.
  5. Cisco Systems, Inc.
  6. Broadcom, Inc.
  7. Extreme Networks, Inc.
  8. Juniper Networks, Inc.
  9. Sandvine Corporation
  10. Ciena Corporation
  11. Allot Ltd.
  12. Nivid Technologies

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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