The global network telemetry market revenue stood at $200 million in 2020 and it is predicted to rise significantly during 2021–2030 (forecast period). The factors driving the expansion of the market are the surging digitalization rate, soaring prevalence of network security attacks, increasing adoption of network telemetry solutions by many service providers and organizations such as consultancy providers and telecom firms, and the burgeoning requirement for the optimization of network infrastructure.
In recent years, the incidence of cyberattacks has increased massively, primarily because of the surging penetration of the internet across the world. During these attacks, the servers and networks of organizations are penetrated and confidential data is stolen, thereby causing huge losses. Moreover, many programmers are hacking into computers and stealing data from various sources such as from the internet of things (IoT) gadgets that are commonly used in a centralized network.
Geographically, North America dominated the network telemetry market from 2015 to 2020 and the market will expand massively in this region in the upcoming years as well, as per the forecast of the market research firm, P&S Intelligence. This will be because of the existence of several market players in the region such as Arista Networks Inc., Pluribus Networks Inc., and Juniper Networks Inc.
Additionally, the strong competition in the North America industry and the growing adoption of various advanced technologies such as the IoT and AI by enterprises are also contributing to the market expansion in the region. Thus, in order to protect confidential data and prevent cyberattacks, many businesses and organizations are rapidly adopting network telemetry solutions and services, thereby causing the expansion of the network telemetry market.
Besides this, the growing requirement for the optimization of the network infrastructure, on account of the mushrooming need for solving downtime issues and increasing internet traffic, is also fueling the growth of the market. For example, when network devices send real-time data to multiple locations, the system becomes overloaded and unavailable for a certain period of time, which causes downtime.
Hence, it can be said without any hesitation that the demand for network telemetry solutions will surge in the coming years, mainly because of the increasing incidence of network security attacks and rising need for an optimized network infrastructure across the world.
The Global Network Telemetry Market is expected to reach USD 826.1 Million by 2025, registering a CAGR of 39.4% during the forecast period.
In this report, Market Research Future (MRFR) includes the segmentation and dynamics of the market to offer a better glimpse of the coming years.The market research also clarifies the major Network Telemetry market players especially wholesalers, istributors, and businessmen by industrial chain structure.
The Global Network Telemetry Market has been segmented on the basis of Component, End User, Organization Size, and Region.Based on the component, the network telemetry market has been segmented into solutions and services.Request a Free Sample @ https://www.marketresearchfuture.com/sample_request/8716The services segment has been categorized as consulting, integration and deployment, support and maintenance.
The services segment is expected to grow at a higher CAGR during the forecast period.
The growing adoption of network telemetry solutions across enterprises and service providers has led to the demand for the services.
The need for consulting services, integration and deployment services and support and maintenance services is also growing.Based on end-user, the network telemetry market has been segmented into service providers and enterprises.
MarketsandMarkets expects the Global Network Telemetry Market size to grow from USD 140 million in 2019 to USD 704 million by 2024, at a Compound Annual Growth Rate (CAGR) of 38.1% during the forecast period.Key and emerging Global Network Telemetry Industry players include Cisco Systems (US), Juniper Networks (US), Arista Networks (US), Mellanox Technologies (US), Pluribus Networks (US), Barefoot Networks (US), Solarflare Communications (US), and VOLANSYS Technologies (US).Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=110999318Large enterprises to hold a larger market size during the forecast periodBy organization size, Small and Medium-sized Enterprises (SMEs) are expected to grow at a higher growth rate during the forecast period.
In today’s Information Technology (IT) era, network management solutions and services should be customized and should adhere to the policies of large enterprises.
Network telemetry solutions and services enable large enterprises to manage their day-to-day network-based business operations.CSPs to record the highest CAGR during the forecast periodIn the network telemetry market by service provider, Cloud Service Providers (CSPs) are expected to register the highest CAGR during the forecast period.
Consumers and enterprises opt for cloud services for backup and storage, and various other business processes, owing to increased security, mobility scalability, and elasticity, as well as cost efficiency.
The cloud infrastructure plays a critical part in the business processes of organizations.Arista Networks (US) provides software-driven cognitive cloud computing solutions for large scale data centers and campus environments.
Arista provides products and solutions to more than 5,000 customers with scalable data centers, for Fortune 500 companies and delivers products across the globe through distribution partners and system integrators.
Market Analysis and Insights:- Global Network Telemetry MarketGlobal Network Telemetry Market By Component (Solution, Services), Organisation Size (Large Enterprises, Small and Medium-Sized Enterprises), Deployment Type (Cloud-Based, On-Premise), End User (Service Providers, Verticals), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2027 Market Analysis and Insights: Global Network Telemetry MarketNetwork telemetry market is expected to witnessing market growth at a rate of 38.5% in the forecast period of 2020 to 2027.
Data Bridge Market Research report on network telemetry market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth.Increasing demand for optimisation of network infrastructure, rising cases of security breaches and network attack, rising need to provide solutions of downtime issues, adoption of advanced technology such as internet of things, artificial intelligence and others are some of the factors that will likely to accelerate the growth of the network telemetry market in the forecast period of 2020-2027.
On the other hand, growing requirements to handle massive network performance data, optimising business operations which will further boost various opportunities that will lead to the growth of the network telemetry market in the above mentioned forecast period.Get More Insight About the Global Network Telemetry Market, Request Sample @ https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-network-telemetry-market This network telemetry market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market.
The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.Network telemetry market on the basis of component has been segmented as solution, and services.
Service providers have been further segmented into telecom service providers, cloud service providers, managed service providers, and others.Network Telemetry Market Country Level AnalysisNetwork telemetry market is analysed and market size, volume information is provided by country, component, organisation size, deployment type and end user as referenced above.Know More About this Report @ https://www.databridgemarketresearch.com/reports/global-network-telemetry-market The countries covered in the network telemetry market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).North America will dominate the network telemetry market due to the prevalence of improved IT infrastructure along with adoption of advanced technology while Asia-Pacific will expect to grow in the forecast period of 2020-2027 due to adoption of advanced technology along with rising demand of smartphones in the region.Competitive Landscape and Network Telemetry Market Share AnalysisGlobal Network telemetry market competitive landscape provides details by competitor.
Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance.
