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The Global Network Telemetry Market Size is Expected to Grow from USD 140 Million in 2019 to USD 704 Million by 2024 - ResearchAndMarkets.com

November 28, 2019 GMT

DUBLIN--(BUSINESS WIRE)--Nov 28, 2019--

The “Network Telemetry Market by Component (Solution and Services), Organization Size, End User (Service Providers (Telecom Service Providers, Cloud Service Providers, and Managed Service Providers), Verticals), and Region - Global Forecast to 2024” report has been added to ResearchAndMarkets.com’s offering.

Increasing need for in-depth visibility into network security and Quality of Service (QoS), and growing network infrastructure to drive the market growth of network telemetry solutions

The global network telemetry market size is expected to grow from 140 million in 2019 to USD 704 million by 2024, at a Compound Annual Growth Rate (CAGR) of 38.1% during the forecast period.

Primary factors expected to drive the growth of the network telemetry market are increasing need for in-depth visibility into network security and Quality of Service (QoS), and growing network infrastructure. Exponential growth in the global Internet Protocol (IP) traffic and cloud traffic, and prominence of the Internet of Things (IoT) are expected to offer vast market opportunities for network telemetry vendors in the next 5 years.

By service, training, support, and maintenance services segment to account for the highest market share during the forecast period

By service, the training, support, and maintenance services segment is expected to account for the highest market share during the forecast period. Training, support, and maintenance services keep the network running and operational with the utmost efficiency. Training services and support standards help make the most appropriate use of capabilities provided by solution providers. To increase operational efficiency at a lower cost, companies use support services. Support services help with software support, which can be offered from remote spots using web conferencing, phones, onsite help, and ticketing frameworks.

By end-user, the verticals segment to grow at a higher rate during the forecast period

By end-user, the verticals segment is expected to register the highest growth rate during the forecast period. Organizations in the Healthcare and Banking, Financial Services, and Insurance (BFSI) verticals majorly rely on secure network environments to transfer Protected Health Information (PHI). These networks must be stable to provide clinicians with the required access to mission-critical applications and regulate the use of the network for personal content. Network telemetry solutions offer uninterrupted connectivity to BFSI and healthcare stakeholders, thus improving their service delivery efficiency.

By region, APAC to grow at the highest CAGR during the forecast period

Asia Pacific (APAC) is estimated to grow at the highest CAGR during the forecast period. Major economies in the APAC region include China, India, Australia, and Japan. These economies project a rapid adoption of network telemetry solutions to gain visibility into their networks. The proliferation of smartphones, Distributed Denial of Service (DDoS) attacks on networks, and broadband connectivity augmented by the emergence of advanced technologies, such as IoT, mobility, and cloud in the region, are factors expected to drive the growth of the network telemetry market. Countries that constitute a major portion of the network telemetry market in APAC include China, Japan, South Korea, India, and Australia. Many organizations across countries, such as Australia, Sri Lanka, New Zealand, and South Korea, recognize the benefits of the network telemetry solutions. Overall, the region is witnessing steady growth in terms of the adoption of the network telemetry solutions and is expected to grow at the highest CAGR during the forecast period.

Reasons to Buy the Report

The report would help the market leaders/new entrants in the following ways:

Key Topics Covered:

1 Introduction

1.1 Objectives of the Study

1.2 Market Definition

1.2.1 Inclusions and Exclusions

1.3 Market Scope

1.3.1 Market Segmentation

1.4 Years Considered for the Study

1.5 Currency Considered

1.6 Stakeholders

2 Research Methodology

2.1 Research Data

2.1.1 Breakup of Primary Profiles

2.1.2 Key Industry Insights

2.2 Market Breakup and Data Triangulation

2.3 Market Size Estimation

2.3.1 Top-Down Approach

2.3.2 Bottom-Up Approach

2.4 Market Forecast

2.5 Competitive Leadership Mapping Methodology

2.6 Assumptions for the Study

2.7 Limitations of the Study

3 Executive Summary

4 Premium Insights

4.1 Attractive Market Opportunities in the Global Network Telemetry Market

4.2 Market By Organization Size

4.3 Market in North America, By End User and Country

4.4 Market in Europe, By End User and Country

4.5 Market in Asia Pacific, By End User and Country

5 Market Overview and Industry Trends

5.1 Introduction

5.2 Market Dynamics

5.3 Network Telemetry Framework

5.4 Comparison With Conventional Network Monitoring Modes

5.5 Necessity of Network Telemetry Framework

5.6 Regulatory Landscape

5.7 Impact of Disruptive Technologies

6 Network Telemetry Market By Component

6.1 Introduction

6.2 Solution

6.3 Services

7 Network Telemetry Market, By Organization Size

7.1 Introduction

7.2 Large Enterprises

7.3 Small and Medium-Sized Enterprises

8 Network Telemetry Market By End User

8.1 Introduction

8.2 Service Providers

8.2.6 Others

8.3 Verticals

9 Network Telemetry Market By Region

9.1 Introduction

9.2 North America

9.3 Europe

9.4 Asia Pacific

9.5 Middle East and Africa

9.6 Latin America

10 Competitive Landscape

10.1 Introduction

10.2 Competitive Leadership Mapping

10.3 Strength of Product Portfolio

10.4 Business Strategy Excellence

10.5 Vendor Ranking Analysis

11 Company Profiles

11.1 Introduction

11.2 Arista Networks

11.3 Cisco

11.4 Juniper Networks

11.5 Mellanox Technologies

11.6 VOLANSYS

11.7 Pluribus Networks

11.8 Barefoot Networks

11.9 Solarflare Communications

11.10 Right-To-Win

Companies Mentioned

For more information about this report visit https://www.researchandmarkets.com/r/tc6fgv

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SOURCE: Research and Markets

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PUB: 11/28/2019 05:30 AM/DISC: 11/28/2019 05:30 AM

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