Global Network Analytics Market Will Reach USD 32.175 Billion by 2024
Added: (Fri May 31 2019)
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The Report “GLOBAL NETWORK ANALYTICS MARKET BY TYPE, APPLICATION AND GEOGRAPHY-TRENDS AND FORECAST (2018-2024). The Global Network Analytics market Share is estimated to grow up to USD 32.175 Billion by 2024 at a CAGR of 26.25% from 2018-2024. This report elucidates the potential of Global Network Analytics market in the present and the future prospects. The factors enhancing the growth of Global Network Analytics market include increasing use of networks, thriving demand for real time analytics and increasing adoption of cloud computing techniques.
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Network Intelligence solutions are the leading consumers in the market of Network Analytics
On the basis of type, the market is segmented into solutions and service. Further the solutions are sub-segmented into Network Intelligence solutions. The service is also sub-segmented into Professional services and Managed services. Among these, the Network Intelligence solution is expected to have a high growth in the market of Network Analytics. The Network Intelligence solutions will have a high growth of market in future because of highly satisfied clients all across the globe, increasing demand for professional services and thriving network challenges faced by the companies world-wide.
Telecom service providers are expected to have a considerable growth during the forecast period
By application, the market is segmented into Cloud service providers and Communication service providers. Further the communication service providers are sub-segmented into Telecom services, Satellite services and Internet services. Among these the Telecom services provider has the highest market share in the Network Analytics Market. The market is also predicted to notice the growth in internet services and satellite services during the forecast period.
North America is observed to hold a considerable market for Global Network Analytics
In recent years there has been a growing demand for Network Analytics and Asia-Pacific, Europe will record highest growth of market during the forecast period. The main reason for this growth is because a large number of Analytics suppliers are present in headquarters of U.S.,rise in smart phone adoption and larger infrastructure investments by Communication service providers and Cloud service providers.
The pivotal players in the Global Network Analytics market include SAS institute (U.S), Juniper Networks (U.S), Brocade Communications (U.S), Alcatel-Lucent (France),Accenture (Ireland), HP (U.S), Cisco Systems (U.S), Inc.and IBM (U.S).
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