Overview and Scope
Network traffic analysis solutions refer to tools and techniques used to monitor, analyze, and interpret network traffic patterns and behaviors. These tools provide insights into the activities occurring within a computer network, helping to identify anomalies, security threats, performance issues, and optimization opportunities.
Sizing and Forecast
The network traffic analysis solutions market size has grown rapidly in recent years. It will grow from $4.66 billion in 2023 to $5.31 billion in 2024 at a compound annual growth rate (CAGR) of 13.9%. The growth in the historic period can be attributed to shift towards encrypted traffic, emphasis on user behavior analytics, expansion of BYOD policies, rise of cloud computing.
The network traffic analysis solutions market size is expected to see rapid growth in the next few years. It will grow to $8.85 billion in 2028 at a compound annual growth rate (CAGR) of 13.6%. The growth in the forecast period can be attributed to integration with soar platforms, shift towards XDR approaches, focus on threat hunting capabilities, adoption of cloud-native architectures, shift towards remote work. Major trends in the forecast period include Integration with AI and machine learning, emerging technologies, real-time visibility, cloud-native solutions, AI-driven security.
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Segmentation & Regional Insights
The network traffic analysis solutions market covered in this report is segmented –
1) By Component: Solution, Services
2) By Deployment Type: Cloud, On-Premises
3) By Industry Vertical: Banking, Financial Services And Insurance (BFSI), Government, Healthcare, Energy And Utilities, Education, Telecom And Information Technology, Manufacturing, Retail
North America was the largest region in the network traffic analysis solutions market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the network traffic analysis solutions market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The rising number of cyberattacks is expected to propel the growth of the network traffic analysis solutions market going forward. Cyberattacks refer to malicious attempts by individuals or organizations to disrupt, damage, or gain unauthorized access to computer systems, networks, or digital devices. With the increasing frequency and sophistication of cyber threats, organizations invest in network traffic analysis solutions to detect and mitigate potential security breaches. Network traffic analysis solutions are utilized in cyberattacks to swiftly detect anomalies, perform threat analysis, and enhance organizations’ overall security posture. For instance, in November 2022, according to the Australian Cyber Security Centre, an Australia-based cyber security agency, cyber crime reports received were 76,000, up from 13% from the previous year. Therefore, the rising number of cyberattacks is driving the growth of the network traffic analysis solutions market.
Key Industry Players
Major companies operating in the network traffic analysis solutions market are Microsoft Corporation, Accenture plc, International Business Machines Corporation, Cisco Systems Inc., Broadcom Inc., Hewlett Packard Enterprise Co., Nokia Corporation, NEC Corporation, Palo Alto Networks Inc., Juniper Networks, Viavi Solutions Inc., Dynatrace LLC, Cloudflare Inc., NETSCOUT Systems Inc., FireEye Inc., SolarWinds Corporation, Progress Software Corporation, Ascom Holdings, Allot Ltd., Ipswitch Inc., Core Security Technologies, Awake Security, Kentik Technologies Inc., Plixer International Inc., Bricata Inc
The network traffic analysis solutions market report table of contents includes:
- Executive Summary
- Network Traffic Analysis Solutions Market Characteristics
- Network Traffic Analysis Solutions Market Trends And Strategies
- Network Traffic Analysis Solutions Market – Macro Economic Scenario
- Global Network Traffic Analysis Solutions Market Size and Growth
- Network Traffic Analysis Solutions Market Segmentation
- Network Traffic Analysis Solutions Market Regional And Country Analysis
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- Key Mergers And Acquisitions In The Network Traffic Analysis Solutions Market
- Network Traffic Analysis Solutions Market Future Outlook and Potential Analysis
- Appendix
List Of Tables:
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Network Traffic Analysis Solutions Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Network Traffic Analysis Solutions Market, Segmentation By Deployment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Network Traffic Analysis Solutions Market, Segmentation By Industry Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
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Table 74: Microsoft Corporation Financial Performance
Table 75: Accenture plc Financial Performance
Table 76: International Business Machines Corporation Financial Performance
Table 77: Cisco Systems Inc. Financial Performance
Table 78: Broadcom Inc. Financial Performance
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