About the Network Analytics Market
Network analytics solutions enable network supervisors to understand, visualize, and record activities occurring on the networks. These solutions focus on network and equipment behavior. Network analytics solutions help mobile network operators identify network problems ahead of time. Network operators can also improve their customer strategies and experience with the help of network analytics solutions.
Increased use of mobile devices and the increasing access to app stores via mobile devices has led to increased adoption of network control and network optimization solutions. With increasing network traffic, the demand for network analytics solutions to manage the network traffic is also growing rapidly. In addition, the changing needs of customers have forced vendors to continuously upgrade their network analytics solutions.
Technavio’s analysts forecast the global network analytics market to grow at a CAGR of 25.68% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global network analytics market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of network analytics solutions (software, integrated solutions, and embedded software) and services. The revenues generated from after-sales services are not included in calculating the market size.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Network Analytics Market 2016-2020
Technavio recognizes the following companies as the key players in the global network analytics market: Accenture, Cisco Systems, Hewlett Packard Enterprise, IBM, Juniper Networks, and SAS Institute.
Other Prominent Vendors in the market are: Alcatel-Lucent, Allot Communications, Bradford Networks, Brocade Communications, Empirix, Hitachi Data Systems, JDS Uniphase, Netronome Systems, NetScout, Sandvine, TIBCO Software, Virtela Technology Services, VPIsystems, and WildPackets.
Commenting on the report, an analyst from Technavio’s team said: “One trend which is boosting market growth is the increased need for Wi-Fi offload. Wi-Fi and limited radio access capacity has changed the consumer behavior and the way consumers access services on telecom networks. This has generated a boom in Wi-Fi offloading, which has become a dominant access technology for smartphones. For example, approximately 40% of total smartphone traffic runs over a cellular data network, and the rest runs over the Wi-Fi. There are different types of offloading including private offload, public offload, and carrier-class Wi-Fi. Private offload uses home or office Wi-Fi, whereas public offload uses a standard Wi-Fi hotspot model.”
According to the report, a key growth driver is the increased adoption of the bring-your-own-device concept. The need for uninterrupted connectivity between a corporate network and employee devices has increased the demand for mobile devices. We estimate that the US mobile workforce was more than 50 million, which was 38.46% of the global mobile workforce in 2015 and will grow at a CAGR of 14.87% by 2020. The global mobile workforce was approximately 1.3 billion in 2015 and will reach approximately 1.64 billion by 2020. The growing mobile workforce has led to employees using their personal portable devices such as smartphones, laptops, and tablets to access and store confidential information.
Further, the report states that one challenge that could hamper market growth is the high cost of deployment. Many organizations, especially SMBs, do not have proper network analytics solutions in place because of budget constraints.
Accenture, Cisco Systems, Hewlett Packard Enterprise, IBM, Juniper Networks, SAS Institute, Alcatel-Lucent, Allot Communications, Bradford Networks, Brocade Communications, Empirix, Hitachi Data Systems, JDS Uniphase, Netronome Systems, NetScout, Sandvine, TIBCO Software, Virtela Technology Services, VPIsystems, WildPackets.