Global Network Traffic Analyzers Market to Reach US$ 6.8 Billion by 2032, Impelled by Rising Incidences of Data Thefts

March 09, 2023 | Technology & Media

According to the latest report by IMARC Group, titled "Network Traffic Analyzers Market Report by Component (Solutions, Services), Deployment Type (Cloud, On-Premises), End User (Service Providers, Data Centers, Government, Healthcare, Retail, Banking and Financial Services, Media and Entertainment, Telecommunication, and Others), and Region 2024-2032," the global network traffic analyzers market size reached US$ 3.1 Billion in 2023. Network traffic analyzers refer to computer-operated tools that are generally used for monitoring network availability and identifying anomalies, such as operational and security issues. They assist in gathering the insight that is required for optimizing network performance, minimizing attack surface, enhancing security, and improving the management of numerous resources. They are mainly a combination of behavioral analytics and machine learning that aid in generating a baseline that reflects the most secure and efficient network behavior for the organization. Besides this, they are also able to detect advanced threats immediately with high accuracy that might have originated within the business or bypassed the perimeter. The demand for network traffic analyzers is rising as they help in detecting the use of vulnerable protocols and ciphers while troubleshooting a slow network.

Global Network Traffic Analyzers Market Trends:

The global market is primarily driven by significant growth in the information technology (IT) sector. Apart from this, the escalating incidences of data thefts and cyber criminal activities across the corporate and government sectors have impelled numerous leading players to heavily invest in the deployment of network traffic analyzers. Along with this, continual technological advancements and the emergence of the internet of things (IoT), cloud computing and artificial intelligence (AI) are considered to be major growth-inducing factors. Moreover, the growing spending by public and private agencies to upgrade the overall 5G infrastructure on account of rapid digitization is creating a positive market outlook. Furthermore, the advent of work-from-home models due to the sudden outbreak of coronavirus disease (COVID-19), followed by subsequent lockdown restrictions, has positively impacted the overall network traffic analyzers market on the global level. Other factors, including rapid urbanization, penetration of high-speed internet connectivity and smartphones and extensive research and development (R&D) activities conducted by key players, are also significantly supporting the demand across the globe. On account of the aforementioned factors, the market is anticipated to reach a value of US$ 6.8 Billion by 2032, exhibiting a CAGR of 8.8% during 2024-2032.

Market Summary:

  • On the basis of the component, the market has been segmented into solutions (bandwidth monitoring, network security, auditing trials, application monitoring and others) and services (integration and consulting and training and support).
  • Based on the deployment type, the market has been classified into cloud and on-premises.
  • On the basis of the end user, the market has been categorized into service providers, data centers, government, healthcare, retail, banking and financial services, media and entertainment, telecommunication and others.
  • Based on the region, the market has been divided into North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia and others), Latin America (Brazil, Mexico and others) and the Middle East and Africa.
  • The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market. Some of the key players include Awake Security (Arista Networks), Broadcom Inc., Cisco Systems Inc., Darktrace, Dynatrace LLC, FireEye Inc., Flowmon Networks a.s., Genie Networks Ltd., HPE-Aruba, Ipswitch Inc. (Progress Software Corporation), Kentik Technologies Inc., ManageEngine (Division of Zoho Corporation), MixMode, Netscout Systems Inc., Nokia Oyj, Plixer LLC and Vectra AI.

Report Scope:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Segment Coverage Component, Deployment Type, End User, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Awake Security (Arista Networks), Broadcom Inc., Cisco Systems Inc., Darktrace, Dynatrace LLC, FireEye Inc., Flowmon Networks a.s., Genie Networks Ltd., HPE-Aruba, Ipswitch Inc. (Progress Software Corporation), Kentik Technologies Inc., ManageEngine (Division of Zoho Corporation), MixMode, Netscout Systems Inc., Nokia Oyj, Plixer LLC and Vectra AI
Customization Scope 10% Free Customization
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Post-Sale Analyst Support 10-12 Weeks
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Global Network Traffic Analyzers Market to Reach US$ 6.8 Billion by 2032, Impelled by Rising Incidences of Data Thefts
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