Network traffic analyzer techniques are utilized for reviewing granular-level of data within the network traffic. This process is used to gain in-depth insight into traffic network data and packets flowing through the network. The traffic analysis is carried out with the help of network bandwidth monitoring or network monitoring software. The organization’s network contains several network devices such as switches, firewalls, routers, workstations, hubs, servers, and virtual machines, among other network-related appliances. Thus, to manage and maintain various devices, a customized network traffic analyzer solution is required to deliver excellent insights from network traffic, business applications, and bandwidth consumption. According to a study published by Insure Insights, the global network traffic analyzer market is anticipated to grow at a CAGR of 16.8% during the forecast period.

Top Driver: Increasing Adoption for Network Traffic Analyzers and Rising Need for Maintaining QoS and QoE

Increasing adoption for network traffic analyzers across various enterprises, rising demand for network traffic analyzers from data centers, and service provider organizations are significant factors expected to drive the global network traffic analyzer market growth.  Other primary factors stimulating the market include the rising need for maintaining QoS and QoE, in-depth visibility into the network security, rapid growth in network infrastructure development activities in various emerging countries. Further, the evolution of smartphones and increasing DDoS attacks on broadband and network connectivity are factors expected to boost the global market growth.

Solutions Segment to Make Crucial Contribution to Growth of Global Network Traffic Analyzer Market

Among component segments of the global network traffic analyzer market, Solutions is predicted to show significant growth in future. The professional services segment is anticipated to witness huge growth on the forecast period and tends to hold larger market share. On the basis of organization size the market is segmented into Small and Medium-sized Enterprises (SMEs), Large enterprises. On the basis of end use the market is segmented into Banking, Financial Services and Insurance (BFSI), Healthcare, Retail, Government and Utilities, Others.

Rising Adoption of Newer technologies to Benefit North America Market

North America is anticipated to account for the highest share of the network traffic analyzer market in the coming years. The industry is aided by rapid adoption of technologies. These technologies include cloud computing and Internet of Things (IoT). Furthermore, the increased industrialization in countries which would help the industry gain significant shares in the forecast period. The favorable standards and networking regulations that help propel market growth. Additionally, North America is a home to numerous infrastructure providers, which would help the market flourish in the next few years.

Players to Focus on Network Traffic Analyzer Market

The global market is expected to stay fragmented with the increase in the number of new entrants in the coming years. SolarWinds, Netscout, Broadcom, Nokia, Opmantek, Progress, Kentik, Colasoft, ManageEngine, NEC, NetVizura, Plixer, MixMode, Opsview, Inmon, Nagios, Corelight, Awake, IdeaData among others could be at the forefront of the competition in the global market.

NEC Corporation: In February 2019, NEC Corporation had partnered with Telekom Srbija. Furthermore, this partnership provided the system, with high-level of data communications traffic control and improved the Quality of Experience (QoE) for users. This would help the company to gain highest revenue shares in the forecast period.

Kentik: In June 2019, Kentik had partnered with PacketFabric. Furthermore, the partnership was aimed at providing high scalable networking solutions for enterprises and service providers globally to secure network traffic visibility.

Scope of the Report

By Components

• Solutions
• Professional Services

By Organization Size

• Small and Medium-sized Enterprises (SMEs)
• Large enterprises

By End-User

• Banking, Financial Services and Insurance (BFSI)
• Healthcare
• Retail
• Government and Utilities
• Others

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.