Industry Background:
Network traffic analytics consists of analyzing network traffic using statistical modeling, mathematical modeling, predictive modeling, and machine learning techniques to identify meaningful patterns. Traffic Analytics as it applies to the security and network is meant to help IT professionals who need to investigate forensically massive amounts of mostly internally generated flows and logs. Because threat prevention has been largely failed in the industry with the gap continuing to widen the network and security analysts are forced to react to events on the network
According to AMA, the market for Network Traffic Analytics is expected to register a CAGR of 21.12% during the forecast period to 2026. This growth is primarily driven by Increasing Use Of Network Traffic Analytics Solutions, Increasing IT Security Budget and Growth In The Number Of Connected Smart Devices.
Globally, a noticeable market trend is evident Emergence Of Saas-Based Network Traffic Analytics Solutions
. The Internet Software & Services sector in the North America region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Allot (Israel), Cisco Systems (United States), IBM (United States), Juniper Networks (United States), Microsoft (United States), Symantec (United States), Plixer (United States), Genie Networks (Taiwan), Kentik (United States), SolarWinds (United States) and Nokia Networks (Finland) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On Jan 16, 2018, Allot Communications Ltd., a provider of leading innovative network intelligence and security solutions, announced that it has signed a definitive agreement to acquire Netonomy Ltd., a developer of software-based cyber-security for the connected home. This acquisition is expected to offer CSPs with comprehensive security solutions for their customers.
Market Drivers
- Increasing Use Of Network Traffic Analytics Solutions
- Increasing IT Security Budget
- Growth In The Number Of Connected Smart Devices
Market Trend
- Emergence Of Saas-Based Network Traffic Analytics Solutions
- Increasing Number Of Ddos Attacks
- Advances In Network Infrastructure
Restraints
- High Deployment Cost
- Risk Associated With The Model
Opportunities
Rising Acceptance Of BFSI Companies Is Creating Opportunity In the Market
Challenges
High Investment Required For Adopting Network Traffic Analytics Solutions
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Network Traffic Analytics Study Sheds Light on
The Network Traffic Analytics Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Network Traffic Analytics industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Network Traffic Analytics industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.