PUNE, India, October 19, 2017 /PRNewswire/ --
According to a new market research report "Network Traffic Analyzer Market by Solution and Service (Professional and Managed), Deployment Type (Cloud and On-Premises), End-User (Enterprise, Service Provider, and Data Center), Organization Size, and Region - Global Forecast to 2022", published by MarketsandMarkets™, the global market size is expected to grow from USD 745.8 Million in 2017 to USD 1,631.2 Million by 2022, at a CAGR of 16.9% during the forecast period.
Browse 80 Market Data Tables and 33 Figures spread through 136 Pages and in-depth TOC on "Network Traffic Analyzer Market"
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In-depth visibility into network security, need for maintaining Quality of Experience (QoE) and Quality of Service (QoS), and growth of network infrastructure are boosting the growth of the Network Traffic Analyzer Market across the globe.
"The solutions segment is estimated to have the largest market share in 2017."
The solutions segment is expected to have the largest market share during the forecast period. The enterprise network involves hundreds of network devices that include workstations, switches, routers, hubs, servers, virtual machines, firewalls, and various other network-related appliances. To manage and maintain these devices, the network administrator needs customized network traffic analyzer solutions. These tools deliver insights into the network traffic, bandwidth consumption, business applications, and protocol analysis. In addition to this, solutions identify breaches, detect, and mitigate security attacks, and make a network planning for the future.
"The service provider segment is expected to play a key role in the Network Traffic Analyzer Market."
The service provider segment is expected to dominate the market with the largest market share during forecast period. Globally, the need for service providers to manage network infrastructure is increasing at a rapid pace. The service providers include cloud service providers, Managed Service providers (MSPs), Internet Service Providers (ISPs), and telecom operators. These service providers use the network traffic analyzer tool to manage, analyze, and optimize the entire network infrastructure.
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"North America is expected to hold the largest market share; Asia Pacific (APAC) to grow at the highest rate during the forecast period."
North America is expected to hold the largest share in the global Network Traffic Analyzer Market during the forecast period. North America is the headquarters of about 50-60% of the vendors in the Network Traffic Analyzer Market with significant investments in network infrastructure by data center providers, MSPs, cloud services, and Communication Service Providers (CSPs). Enterprise mobility and IoT have penetrated the region. It is expected to provide growth opportunities for the Network Traffic Analyzer Market.
APAC is expected to grow at the highest CAGR during the forecast period. The growth in the APAC region is driven by prevalent adoption of network traffic analyzer solutions by enterprise customers across China, Japan, India, and Australia. In addition to this, rapid increase in security attacks, including malwares, viruses, and Denial of Service (DoS) over enterprise networks is expected to drive the need for implementing network traffic analyzer solutions in the APAC region.
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Major providers of network traffic analyzer solutions are Cisco (US), SolarWinds (US), NETSCOUT SYSTEMS (US), ManageEngine (US), Kentik (US), Ipswitch (US), Colasoft (China), Genie Networks (Taiwan), Nokia (Finland), HPE (US), CA Technologies (US), and Plixer (US).
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