Network Analytics Market Size (2024 - 2029)

Network Analytics Market Analysis

Over the next few years, the market for network analytics is expected to register a CAGR of 20.12%.It is mainly due to the increasing need for autonomous and self-managing networks.

• Global IP traffic is expected to increase exponentially in the coming years as network communications become an essential component of multiple business models for present-day communication companies. Hence, it is necessary to improve network reliability and eliminate disruptions, facilitating the overall growth of the market's growth opportunities throughout the forecast period.
• Also, as the Internet of Things (IoT) and Industry 4.0 become more popular, the number of connected things is expected to grow quickly, which will cause a lot of network data to be made.Also, the increasing adoption of network analytics by cloud service providers facing challenges in maintaining service level agreements (SLAs) and coping with top-class quality service and quality of experience (QoE) parameters is expected to boost the adoption rate of network analytics. Additionally, network analytics is expected to become more important and broadly deployed as network security has become more critical on a priority basis across any organization.
• Furthermore, the market is witnessing various strategic mergers, partnerships, acquisitions, etc. For instance, in December 2022, Nokia expanded its partnership with BT in a five-year deal to provide its AVA Analytics software for fixed networks, which would further help the British telecom operator strengthen its overall network monitoring through machine learning (ML) and artificial intelligence (AI). The new deal would enhance Nokia's dashboard solution, 'Homeview," for BT, providing its call center agents a real-time, complete view of the operator's network, from subscribers to devices, to quickly correct the various access and in-home issues.
• However, factors like the involvement of high initial costs and low ROI, as well as the rise in the complexities involved in designing and upgrading platforms, might restrain the overall market's growth throughout the forecast period.
• The COVID-19 pandemic caused a big social and economic problem, which caused thousands of businesses around the world to temporarily fail and close. Businesses were forced to make big changes to how they ran, such as laying off workers and offering a wider range of products and services. To deal with these changes quickly, companies used agile risk management, AI systems, and data analytics as part of their business intelligence strategies to help them make better decisions and improve business operations.

Network Analytics Industry Segmentation

Network analytics is the process of using the ideas and tools of big data to manage and protect data networks. Network analysis tools are most likely to be used by organizations with networks that are very complicated or that need a high level of security. Network analytics needs all the user-facing accouterments of big data. These features include extensive dashboards, robust ad-hoc querying and reporting, as well as flexible and interactive visualization tools for exploring relationships, trends, and anomalous events.

The network analytics market is segmented by deployment (on-premise and on-cloud), type (Network Intelligence Solutions and Services (Managed Services, Professional Services)), end user (Cloud Service Providers and Communication Service Providers (Telecom Providers, Internet Service Providers, Satellite Communication Providers, Cable Network Providers)), and geography (North America, Europe, Asia-Pacific, Latin America, the Middle East, and Africa). The market sizes and forecasts are provided in terms of value (USD million) for all the above segments.