Network Traffic Analysis Market is expected to grow at a CAGR of around 9% from 2022-2028.
According to a new report published by UnivDatos Markets Insights, the Network Traffic Analysis Market is expected to grow at a CAGR of around 9% from 2022-2028. The analysis has been segmented into Component (Software and Services); Deployment (On-Premises and Cloud); End-User (BFSI, IT and Telecom, Government, Energy and Power, and Retail) Region/Country.
The Network Traffic Analysis Market report has been aggregated by collecting informative data on various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the network traffic analysis market. The network traffic analysis market report offers a detailed analysis of the latest industry developments and trending factors in the market that are influencing the market growth. Furthermore, this statistical market research repository examines and estimates the Network Traffic Analysis Market at the global and regional levels.
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Market Overview
Network traffic analysis or NTA is a type of cyber security that involves observing network traffic communications. Network traffic analysis is an important way to monitor network availability and activity to identify anomalies, maximize performance, and keep an eye out for attacks.
The growing adoption of network traffic analysis can be attributed to the growing trend of robust cyber security. Security threats to network computer resources, applications, end users, and destinations. The adoption of network traffic analysis for generating network traffic-based alerts to the internal interfaces of firewalls has also increased significantly. Furthermore, the growing threat of ransomware attacks among enterprises is a key driver for demand in the network traffic analysis market. For instance, according to Forbes, Cybercrime cost U.S. businesses more than $6.9 billion in 2021.
The Network Traffic Analysis Market is expected to grow at a steady rate of around 9% owing to the increasing use of the internet and the growing need for cybersecurity. Major companies in the market that offer network devices are, Awake Security Inc, Broadcom Corporation, Cloudflare Inc, Core Security Technologies, NEC Corporation, NETSCOUT Systems Inc, SolarWinds, MixMode, Corelight, and Dynatrace.
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Covid-19 Impact
Due to covid 19, various industries faced issues relating to the supply chain. However, the covid 19 has had a positive impact on the network traffic analysis market. Due to social distancing and rigorous lockdowns, the companies were forced to implement work-from-home for their employees. Which made the organization vulnerable to cyber-attacks.
· Based on deployment, the market is segmented into on-premises and cloud. The cloud segment is expected to grow with a significant CAGR. The growing adoption of cloud services is attributed to the cost-effectiveness of cloud services. Furthermore, organizations can easily right-size their infrastructure according to their needs. Moreover, cloud services are more flexible compared to on-premises infrastructures, which provide accessibility from anywhere.
· On the basis of end-users, the market is segmented into BFSI, IT and Telecom, government, energy, and power and retail. The government segment is expected to grow with a significant CAGR. The growing adoption of network traffic analysis is attributed to the growing emphasis of governments around the globe on the data security of its citizen is expected to influence the market.
Network Traffic Analysis Market Geographical Segmentation Includes:
· North America (United States, Canada, and Rest of North America)
· Europe (Germany, United Kingdom, Spain, Italy, France, and the Rest of Europe)
· Asia-Pacific (China, Japan, India, and the Rest of Asia-Pacific)
· Rest of the World
North America accounted for a prominent share of the network traffic analysis market. The presence of key market players such as Broadcom Corporation; SolarWinds; Cloudflare, Inc.; and NETSCOUT Systems, Inc. are expected to invest significantly which is expected to drive the network traffic analysis market in the region. Furthermore, the growing investments by the governments in the region for the development of network traffic analysis technologies for the data security of its citizens are expected to drive the market.
Click here to view the Report Description & TOC - https://univdatos.com/report/network-traffic-analysis-market/
The major players targeting the market include
· Awake Security Inc
· Broadcom Corporation
· Cloudflare Inc
· Core Security Technologies
· NEC Corporation
· NETSCOUT Systems Inc
· SolarWinds
· MixMode
· Corelight
· Dynatrace
Competitive Landscape
The degree of competition among prominent global companies has been elaborated by analyzing several leading key players operating worldwide. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the Network Traffic Analysis Market. The major players have been analyzed by using research methodologies for getting insight views on global competition.
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Key questions resolved through this analytical market research report include:
• What are the latest trends, new patterns, and technological advancements in the network traffic analysis market?
• Which factors are influencing the network traffic analysis market over the forecast period?
• What are the global challenges, threats, and risks in the network traffic analysis market?
• Which factors are propelling and restraining the network traffic analysis market?
• What are the demanding global regions of the network traffic analysis market?
• What will be the global market size in the upcoming years?
• What are the crucial market acquisition strategies and policies applied by global companies?
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