DUBLIN, Mar. 11, 2015 /PRNewswire/ --Research and Markets
(http://www.researchandmarkets.com/research/5hgxjf/network_analytics) has announced the addition of the "Network Analytics Market by Deployment Types (On Premise, On Demand), by Applications (Mobile, VOIP and Fixed Line, Unified Communications), by End Users (Cloud Service Providers, Telecommunications) - Global Forecast to 2019 " report to their offering.
The network analytics market is expected to grow from $589.6 million in 2014 to $1,842.2 million by 2019, at a Compound Annual Growth Rate (CAGR) of 25.6%. North America (NA) is expected to be the largest network analytics market in terms of revenues generated, but Asia-Pacific (APAC) is expected to emerge as a high-growth market.
Network analytics enable organizations to optimize the entirety or a part of its IT network infrastructure and operations to focus on their key business goals. Optimizing helps companies to reduce the cost incurred on network and IT spending by eliminating Capital Expenditure (CAPEX) and Operational Expenditure (OPEX). More than a cost control tool, it also helps the organizations to avail a competitive advantage by improving efficiency and providing business differentiation.
The network analytics market is witnessing accelerated growth in the recent two years due to the advancements in cloud computing, big data, and mobility services. Rapid growing demand for cloud services, data center services, network services and its reliable and efficient integration is impacting the market. In the current business scenario, most of the organizations are facing problem of high performance integrated services, in terms of optimizing network performance. To unravel this issue of network and infrastructure performance companies are adopting network analytics solution, as it is less costly and more efficient than traditional services.
The rapid and exponential growth in the digitalization of various enterprises, businesses, and organizations has resulted in increasing demand for network analytics. However, many large enterprises, organizations and government entities are transforming their traditional business operations into high performance integrated business processes with the help of network analytics. Major players in the market are IBM, Cisco, SAS, Tableau Software, Sandvine, Procera Networks, Accenture, Calix Inc., and JDSU. These players along with the others present in the market are expected to make a big impact in this rapidly growing marketplace in the next five years.
This report covers the adoption trends in the network analytics segments and other sub-segments. This research provides insights into the current revenue realization and future revenue opportunities in the network analytics market from 2014 through 2019. This report is aimed to provide the reader with an understanding of market drivers, current and upcoming players, competitive landscape, restraints and future market opportunities.
- Calix INC.
- JDS Uniphase Corp.
- Procera Networks
- Sandvine CORP.
- Tableau Software, INC.
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SOURCE Research and Markets