Network analytics is the application of essential data principles and tools to the management and security of data networks. Organizations with complex networks or high-level security requirements are most likely to adopt network analysis tools. 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 unusual events. Network analytics solutions are primarily employed in sectors such as healthcare, BFSI, cloud service providers, and telecom. Targeted marketing, increased network traffic are some of the factors expected to create a lucrative market for network analytics.

Top Driver: Surging Demand for Analytical Applications and Demand for Autonomous Networks

The network analytics services market is driven by surging demand for analytical applications and analytical tools used in enterprises to secure and analyze the network data in real-time. Besides, increasing demand for autonomous networks and self-managing is expected to propel network analytics services. In the current scenario, service providers face challenges in maintaining the quality of service parameters for clients and service level agreement (SLA) standards. Network analytics services create a lucrative opportunity for service providers to maintain the quality of services and help organizations optimize their network operations.

Professional services to Make Crucial Contribution to Growth of Global  Market

On the basis of solutions and services the market can be segmented into Network Intelligence Solutions, Professional Services, Managed Services. On the basis of organization site the market is segmented into Enterprise, Small and Medium business. On the basis of end use the market can be segmented into Communication service provider (CSP), Cloud service provider, Managed service providers, Healthcare, Government, Media and entertainment.

Rising Investment In Technological Advancements to Benefit North America Market

North America is anticipated to gain largest market shares during the forecast period. This owes to the large-scale implementation of network analytics tools by organizations and enterprises in the region. The increased development of infrastructure in the US would propel the market growth. The surge in growth of Internet of Things (IoT), Machine Learning (ML) Artificial Intelligence (AI), and cloud computing, would help the market to gain significant shares. The higher adoption of emerging technologies by the organizations in the region would help the market to grow. Moreover, US and Canada are prominent countries contributing to technological development in this region.

Players to Focus on Network Analytics Market

The global market is expected to stay fragmented with the increase in the number of new entrants in the coming years. Allot Communication, Cisco, Bradford Networks, Ascom Holdings AG, Allot Communication, Juniper Networks, IBM, Accenture, and HP among others could be at the forefront of the competition in the global market.

Allot Communications Ltd.: In January 2018, Allot Communications Ltd., a provider of leading innovative network intelligence and security solutions for service providers worldwide, announced today that it has signed a definitive agreement to acquire Netonomy Ltd., a developer of software-based cyber security for the connected home, with closing anticipated to occur in a very short period.

Fortinet: In July 2020, Fortinet had purchased Opaq Networks to strengthen distributed network protection everywhere from data centers and branch offices to remote users and Internet of Things devices.

Scope of the Report

By Solutions and Services

• Network Intelligence Solutions
• Professional Services
• Managed Services

By Organization Size

• Enterprise
• Small and Medium business

By End-User

• Communication service provider (CSP)
• Cloud service provider
• Managed service providers
• Healthcare
• Government
• Media and entertainment

By Region

• North America
• Europe
• Asia Pacific
• SAMEA

Key Reasons to Purchase this Report

1. It provides a technological development map over time to understand the growth rate of the industry.
2. The report offers a dynamic method to various factors that drive or restrain the growth of the market.
3. It renders definite analysis for changing competitive dynamics.
4. It builds a seven-year estimate based on how the market is predicted to grow.