Published Date : Jun 20, 2016
ALBANY, NY, June 20, 2016: MarketResearchReports.biz has added a new research report on the global network analytics market to its repository. The report, titled “Global Network Analytics 2016-2020,” offers a comprehensive overview of the global network analytics market and projects the market to expand robustly at a CAGR of 25.68% during the period between 2016 and 2020. The report analyzes the current scenario of the market and discusses various factors governing the growth of the market. The global network analytics market has been studied on the basis of end users and regions. Profiles of some of the key players in the market have been included in the report.
With the help of network analytics solutions, network supervisors are able to visualize, understand, record activities and analyze network and equipment behavior. These solutions are particularly helpful for mobile network operators to identify network problems ahead of time. Furthermore, network operators can improve their customer strategies through the usage of network analytics solutions.
The report states that the increase in adoption of the BYOD (bring your own device) policy by enterprises has boosted the demand for network analytics solutions. However, the high cost of these solutions might hamper its growth to an extent. Additionally, the increasing demand for Wi-Fi offload is an emerging trend in the global network analytics solution market.
On the basis of end users, the report segments the global network analytics market into BFSI, telecommunications, healthcare, media and entertainment, managed service providers, and government. The telecommunications sector has been the largest end user in the market and is projected to expand moderately during the forecast period. The growth of this sector can be attributed to the rise in virtual network operators, mobile network operators, wholesale access providers, and network equipment manufacturers.
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The report studies the global network analytics market across the Americas, EMEA, and APAC. In 2015, the Americas dominated the overall market and held close to 50% of the market. During the forecast period, the region is anticipated to witness moderate growth owing to the early adoption of analytics solutions by organizations. The rise in cyber-attacks is expected to compel organizations to adopt network analytics solutions.
The report offers an overview of the competitive landscape and profiles some of the key players in the global network analytics market such as Allot Communications, Cisco Systems, IBM, Accenture, SAS Institute, Hewlett Packard Enterprise, Juniper Networks, Alcatel-Lucent, Brocade Communications, Bradford Networks, Hitachi Data Systems, Empirix, Netronome Systems, JDS Uniphase, Sandvine, NetScout, VPIsystems, WildPackets, TIBCO Software, and Virtela Technology Services. As the global network analytics market is in its growth phase, the competition among the market players is expected to increase with the expansion of services and product innovations.
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