The global network traffic analytics market is predicted to grow at a CAGR of 23.05% over the forthcoming period 2019-2028.
The growing need for uninterrupted visibility into the network is estimated to be the main factor driving the growth of the global network traffic analytics market.
The increasing concern with respect to cybersecurity and the resultant regulations are other drivers of the global market growth.
Besides, the alarming rise in the number of ransomware and DDOS (Distributed Denial of Service) attacks is a major factor attributing to the demand for network traffic analytics solutions.
However, the easy availability of open-source network traffic analytics solutions is restricting the market growth.
Lack of skilled professionals is also a major challenge to the market. Key opportunities like the emerging IoT connections and the rising cybersecurity budget must be leveraged to reach the projected growth.
This global market report covers countries from North America, Europe, Asia-Pacific, Latin America and the Middle East and Africa.
Asia-Pacific is likely to be the fastest-growing region for the network traffic analytics and is anticipated to witness considerable growth in the forthcoming period.
The growing penetration of the internet and smartphones, along with the rising disposable income in countries like Japan, China, India and others, is likely to be the driver of the market growth.
The rising cases of security attacks are also pushing the demand for network traffic analytics solutions, thereby augmenting the regional market growth.
Solarwinds Worldwide LLC
Palo Alto Networks Inc
Juniper Networks Inc
Flowmon Networks As
Genie Networks Ltd
International Business Machines Corporation
Cisco Systems Inc
Huawei Technologies Co Ltd
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