How Much Growth Is Anticipated In The Network Telemetry Market Size From 2025 To 2034?
The network telemetry market size has grown exponentially in recent years. It will grow from $0.69 billion in 2024 to $0.97 billion in 2025 at a compound annual growth rate (CAGR) of 39.9%. The growth in the historic period can be attributed to growth in penetration rate of high speed internet, rising adoption of advanced technologies by small scale industries, rising research and development of network technologies, rising modernization, and growing industrial infrastructure.
The network telemetry market size is expected to see exponential growth in the next few years. It will grow to $3.4 billion in 2029 at a compound annual growth rate (CAGR) of 36.9%. The growth in the forecast period can be attributed to increasing security breaches, demand for network infrastructure, rising globalization, penetration rate of network enabled devices, and rising digitization. Major trends in the forecast period include innovation in network performance data, rising adoption of emerging technology such as IoT, AI, and SDN, technological functional system enhancements, and innovative telemetry solution to improve company operations.
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What Essential Growth Drivers Are Pushing The Network Telemetry Market Forward?
The increasing number of network assaults and security breaches is expected to propel the growth of the network telemetry market going forward. Network assaults and security breaches refers to unauthorized access or manipulations of digital systems. The proliferation of internet-connected devices, including smartphones, IoT devices, and smart appliances, has expanded the attack surface for cybercriminals. With more devices connected to networks, there are more potential entry points for attackers to exploit vulnerabilities and gain unauthorized access. Network telemetry is used to enhance threat detection, incident response, and forensic analysis by leveraging real-time, high-fidelity network data for comprehensive visibility and proactive defense strategies. For instance, in January 2023, according to a report by Check Point, an Israel-based software security provider, there was a 38% surge in global cyberattacks in 2022 compared to 2021. The communications industry experienced an average of 1,380 attacks per organization per week, marking a 27% increase compared to 2021. Similarly, the Internet service provider/managed service provider (ISP/MSP) industry encountered an average of 1,372 attacks per organization per week in 2022, reflecting a 28% increase from the previous year. Therefore, the increasing number of network assaults and security breaches is driving the growth of the network telemetry market.
Which Segment Groups Play A Crucial Role In Outlining The Network Telemetry Market’s Structure?
The network telemetrymarket covered in this report is segmented –
1) By Components: Service, Solutions
2) By Deployment Type: Cloud-Based, On-Premise
3) By Organizational Size: Small Medium-Sized Enterprise, Large Enterprise
4) By End-Use: Verticals, Service Providers
Subsegments:
1) By Services: Consulting Services, Integration Services, Support And Maintenance Services, Training And Education Services
2) By Solutions: Hardware Solutions, Software Solutions, Cloud-Based Solutions, On-Premise Solutions
What Influential Trends Are Gaining Momentum Within The Network Telemetry Market?
Major companies operating in the network telemetry market focus on the development of technologically advanced solutions such as cloud solutions designed to accelerate autonomous operations. This platform enables real-time monitoring and analysis of network traffic, which is essential for organizations to ensure network security, detect threats, and optimize performance. For instance, in March 2023, Altice Labs SA, a Portugal-based telecommunication equipment company, launched the NOSSIS one network telemetry platform, a cloud solution designed to accelerate autonomous operations for digital service providers (DSPs). This platform aims to enable networks to run autonomously with minimal human intervention by leveraging autonomic processes. The NOSSIS one platform integrates the Altaia network mediation framework and supports advanced network data collection, emphasizing the importance of virtual, programmable networks and self-orchestrated OSS systems.
Which Companies Represent The Key Strategic Forces Within The Network Telemetry Market?
Major companies operating in the network telemetry market are Verizon Communications Inc., Huawei Technologies Co. Ltd., Accenture plc, International Business Machines Corporation, Cisco Systems Inc., Oracle Corporation, SAP SE, Hewlett Packard Enterprise Company (HPE), Salesforce Inc., Tata Consultancy Services Limited, Capgemini SE, Cognizant, Infosys Limited, Lumen Technologies Inc., Telstra Corporation Ltd., VMware Inc., Wipro Ltd., Tech Mahindra Ltd., Palo Alto Networks Inc., Juniper Networks Inc., Amdocs Limited, Arista Networks Inc., Genpact Ltd., Netcracker Technology Corp., VOLANSYS Technologies
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Which Regional Clusters Are Forecasted To Outperform Others In The Network Telemetry Market?
North America was the largest region in the network telemetry market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the network telemetry market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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