GITNUX MARKETDATA REPORT 2024

Network Analytics Industry Statistics

The Network Analytics industry is expected to grow rapidly as organizations increasingly rely on data-driven insights to optimize network performance and enhance security.

Last Updated: June 22, 2024

Written & Summarized by: Jannik Lindner

How we write

In this post, we explore key statistics and insights shaping the network analytics industry. From the projected market growth figures to the dominant players and emerging trends, we uncover the dynamic landscape driving the industry forward. Let’s dive into the data-driven world of network analytics and its impact on various sectors and regions.

Statistic 1

"The global network analytics market size is projected to grow from USD 1.4 billion in 2020 to USD 3.6 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 20.5% during the forecast period."

Statistic 2

"Asia Pacific network analytics market would exhibit the highest growth rate of 17% during 2020-2026."

Statistic 3

"North America held the largest share of the Network Analytics market in 2019."

Statistic 4

"The Banking, Financial Services, and Insurance (BFSI) vertical is projected to hold the highest share in the network analytics market."

Statistic 5

"The on-premise segment held a larger market share of the deployment type for network analytics in 2018, accounting for nearly 60%."

Statistic 6

"The Service segment of Network Analytics industry held 66% market share in 2020."

Statistic 7

"The Telecom and IT industry in network analytics is expected to grow with a CAGR of 22% from 2020 to 2026."

Statistic 8

"Cisco (US), Broadcom (US), IBM (US), HPE (US), Ericsson (Sweden), Huawei (China), SAS Institute (US), Nokia (Finland), Netscout (US) and Accenture (Ireland) are key players in the Network Analytics market."

Statistic 9

"The small and medium-sized enterprises (SMEs) segment of Network Analytics is expected to grow at a higher CAGR during the forecast period."

Statistic 10

"The router segment dominated the global network analytics market and is projected to lead the market over the forecast period."

Statistic 11

"The mobile network operators' segment is anticipated to achieve 22.3% CAGR over the forecast period (2020-2025) in the network analytics market."

Statistic 12

"The market for network analytics in Latin America is anticipated to register a CAGR of 22.4% during the forecast period (2020-2026)."

Statistic 13

"The ongoing investments in developing regions like MEA and Latin America to revolutionize their IT infrastructure will boost the network analytics market."

Statistic 14

"Cisco, a leading player in the network analytics industry, has over 73,041 patents."

Statistic 15

"In terms of the industry vertical segment, the healthcare industry is expected to grow at the highest CAGR during the forecast period in the network analytics market."

The network analytics industry is experiencing significant growth and transformation, with various regions and industry verticals driving this expansion. The market size is projected to more than double by 2025, led by strong growth in Asia Pacific and key players such as Cisco and IBM. North America currently holds the largest market share, with the BFSI sector leading in adoption. The rise of SMEs and increased investment in IT infrastructure in developing regions are expected to further propel market growth. Overall, the network analytics market presents promising opportunities for stakeholders across different sectors, signaling a dynamic and evolving landscape ahead.

Jannik Lindner

Jannik is the Co-Founder of Gitnux and has been working in the digital space since 2016. He is specialized in content and tech.

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