Network Analytics Market Worth 2.32 Billion USD by 2020
PUNE, India, March 8, 2016 /PRNewswire/ --
According to a new market research report "Network Analytics Market by Type (Solutions and Services), by End User (Cloud Providers, Telecom Service Providers, ISPs, Satellite Communication Providers, Cable Network Providers) - Global Forecast to 2020", published by MarketsandMarkets, The market size is estimated to grow from USD 768.2 Million in 2015 to USD 2,317.5 Million by 2020, at an estimated Compound Annual Growth Rate (CAGR) of 24.7% from 2015 to 2020.
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Browse 68 Tables and 49 Figures spread through 131 Pages and in-depth TOC on "Network Analytics Market"
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The need to address the increasing challenges in effectively maintaining higher QoS and QoE will drive the Network Analytics Market
The end-users are evaluating their networks and preparing future infrastructures to support the tremendous demand for data. In 2015, the world saw over 150 billion app downloads and the number is projected to reach over 200 Billion in 2017. The need for VoIP and video conferencing is rising high as more number of enterprises adopting these trends. Thus, the telecom operators, internet and cloud service providers are reeling under the pressure of intelligently managing network complexities which are created by converged services with the help of network analytics solutions and services.
Network Intelligence solutions expected to show growth positive trends during the forecast period
The network intelligence solutions are expected to dominate the market from 2015 to 2020 with the largest market share than the network analytics services segment, due to growing network challenges faced by the organizations worldwide. Furthermore, due to future saturation in the solution segment in the developed economies and variation in global governmental network and radiation norms and regulations, demand for professional services is expected to gain traction in the next five years.
Telecom service provider (TSP) segment to contribute maximum market share
The TSP segment is expected to contribute the largest market share in the Network Analytics Market in 2015. The cloud service provider segment is expected to grow at the rapid rate from 2015 to 2020, in the Network Analytics Market. The market is also projected to witness growth in the Internet service provider (ISP) and satellite communication segment during the forecast period.
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North America expected to contribute the largest market share
North America is expected to have the largest market share and dominate the Network Analytics Market from 2015 to 2020, due to presence of a large number of analytics vendors headquartered in the U.S. APAC offers potential growth opportunities, as there is rise in smartphone penetration and larger infrastructure investments by Communication Service Providers (CSP) and cloud service providers.
The major vendors in the Network Analytics Market include Accenture, Alcatel-Lucent, Juniper Networks, IBM, Brocade Communications, and SAS along with others. The report also includes Key Innovators in the market such as Polystar, PathSolutions, and SevOne among others.
The report covers detailed information regarding the major factors influencing the growth of the Network Analytics Market, such as drivers, restraints, challenges, and opportunities. A detailed analysis of the key industry players has been done to provide insights into their business overview, products and services, key strategies, new product launches, mergers and acquisitions, partnerships, agreements, collaborations, and recent developments associated with the Network Analytics Market.
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