According to a market report by Lucintel, the future of the global network analytic market looks promising with opportunities in the cloud service provider and communication service provider markets. The global network analytic market is expected to reach an estimated $11 billion by 2030 with a CAGR of 17.8% from 2024 to 2030. The major drivers for this market are growth in data volume and changes in traffic patterns, increasing use of artificial intelligence (AI) and machine learning (ML) for smarter network management, more intent-based networking that is in line with organizational objectives, and a greater emphasis on network security analytics.
In this market, network intelligence solution and service are the major
segments of network analytic market by component.
Lucintel forecasts that service is expected to witness the higher growth
over the forecast period due to the growing need for organizations to comply
with the different network and radiation regulations across the globe.
Download sample by clicking on network
analytic market.
Within this market, communication service providers will remain the
largest segment due to increasing demand for network visibility and performance
optimization.
North America is expected to witness highest growth over the forecast
period due to the large-scale implementation of network analytics tools by
organizations and enterprises in the country.
Cisco, Broadcom, IBM, HPE, and Ericsson are the major suppliers in the
network analytic market.
This unique research
report will enable you to make confident business decisions in this globally
competitive marketplace. For a detailed table of contents, contact Lucintel at
+1-972-636-5056 or write us at helpdesk@lucintel.com.
About Lucintel
At Lucintel, we offer solutions for
you growth through game changer ideas and robust market &
unmet needs analysis. We are based in
Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20
years. We are quoted in several publications like the Wall Street Journal,
ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056
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