Global Network Traffic Analysis Solutions Market Analysis Highlights Emerging Opportunities And Revenue Forecasts Through 2029
What Major Growth Indicators And Market Expansion Forecasts Define The Network Traffic Analysis Solutions Market Through 2029?
The network traffic analysis solutions market size has grown rapidly in recent years. It will grow from $5.31 billion in 2024 to $6.01 billion in 2025 at a compound annual growth rate (CAGR) of 13.2%. 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 $10.03 billion in 2029 at a compound annual growth rate (CAGR) of 13.7%. 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.
Claim Your Free Report Sample Today:
What Key Drivers Are Primarily Contributing To The Growth Of The Network Traffic Analysis Solutions Market?
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.
What Are The Essential Segmentation Layers Examined Within The Network Traffic Analysis Solutions Market?
The network traffic analysis solutionsmarket 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
Subsegments:
1) By Solution: Network Traffic Analysis Software, Network Traffic Analysis Appliances, Cloud-Based Network Traffic Analysis Solutions
2) By Services: Professional Services, Managed Services
Which Trends Are Currently Influencing The Direction Of The Network Traffic Analysis Solutions Market?
Major companies operating in the network traffic analysis solutions market are focusing on developing innovative solutions, such as alphaSOC analytics engines and cloud-native network traffic analysis, to provide advanced detection and prevention capabilities for cyber threats within cloud networks. For instance, in October 2022, AlphaSOC, a US-based network telemetry company, launched alphaSOC analytics engines designed to detect compromised workloads across popular cloud platforms as part of their commitment to improving cloud security measures. These engines provide advanced network behavior analytics to enhance cybersecurity measures. Additionally, this unique device uses modern technology to monitor and analyze network traffic in cloud settings, thereby improving cybersecurity measures by allowing for the identification and prevention of cyber attacks.
Who Are The Prominent Industry Participants Shaping The Network Traffic Analysis Solutions Market?
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
Get Your In-Depth Network Traffic Analysis Solutions Market Report Now:
What Are The Fastest-Expanding Regions Contributing To The Growth Of The Network Traffic Analysis Solutions Market?
North America was the largest region in the network traffic analysis solutions market in 2024. 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.
Contact Us:
The Business Research Company: https://thebusinessresearchcompany.com/
Americas +1 310-496-7795
Asia +44 7882 955267 & +91 8897263534
Europe +44 7882 955267
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Comments
Post a Comment