Network Traffic Analyzer Market Expected to Rise at A High CAGR, Driving Robust Sales and Revenue till 2026
May 02, 2022
According to a research report by Stratview Research, Network Traffic Analyzer Market is likely to witness an impressive CAGR of 10.5% during the forecast period. Major factors fueling the network traffic analyzer market’s growth include the growing need for enhanced network management systems for handling the complexities occurring due to the increased network traffic.
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Research Methodology
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.
Segments' Analysis
Based on the deployment mode type, the market is segmented as physical, virtual, and cloud. Virtual mode is estimated to account for the largest share of the market during the forecast period. Virtual sensors are generally installed over virtual machines in the software-defined environment to monitor the flow of traffic. Usually, the virtual deployment model is of large scale, and can be easily installed over different platforms and within remotely located office premises and also, in other large manufacturing areas. Virtualized Network Function Infrastructure has been implemented on a large scale by the organizations to enable easy installation and scalability.
Based on the end-user type, the network traffic analyzer market is segmented as service providers and enterprises. The enterprise segment is expected to be a faster-growing end-user type in the market during the forecast period. The network traffic analyzer solution offers excellent features such as improved network efficiency through centralized management, enhanced information technology agility, and network customization through fast and reliable application services, which is increasing the adoption of these analyzers by the enterprise customers.
In terms of regions, North America held the largest share of the market in 2020, and has high growth potential for investments and opening up of new opportunities for the adoption of complex network infrastructure in the market during the forecast period. Modernization and adoption of technologies such as cloud computing and Internet of Things are some of the major factors supporting the North American market.
On the other hand, countries such as the US and Canada are considered as a positive factor fueling the growth rate in different business verticals. The favorable standards and networking regulations of the North American Countries help in boosting the growth of the market. The increasing 5G deployment is fueling the demand for network traffic analyzers in the region. Asia-Pacific and Europe are also expected to offer substantial growth opportunities during the forecast period.
Leading Players Covered in the Network Traffic Analyzer Market Report:
- Colasoft
- Dynatrace
- Flowmon Networks
- Kentik
- NEC
- Netscout Systems
- Netvizura
- Nokia
- Opmantek
- Solarwinds
To develop better customer understanding, the team at Stratview Research employ a range of quantitative and qualitative market research approaches. This report aims to help the users make use of the available data in a way, that profits the business and leads to growth.
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