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Network Analytics Market Trends

Report ID: GMI6891
Published Date: Oct 2023
Report Format: PDF

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Network Analytics Market Trends

The growing adoption of cloud-based network analytics solutions is an emerging trend in the network analytics industry. Organizations are increasingly migrating their network analytics to the cloud to leverage the benefits of scalability, flexibility, and cost-effectiveness. Cloud-based solutions allow real-time analysis of network data from any location, making it easier for businesses to monitor and manage their networks remotely.

For instance, in October 2021, Ericsson launched the Network Data Analytics Function (NWDAF) for cloud-native 5G Core. It helps operators optimize their 5G networks, ensuring efficient and reliable connectivity for various services and applications, including IoT and high-speed data transfer. This trend also facilitates the integration of Artificial Intelligence (AI) and Machine Learning (ML) for more advanced analytics and predictive insights, fueling the demand for cloud-based network analytics solutions.

The integration of AI and ML is another growing trend in the network optimization market. AI and ML technologies are being utilized to enhance network performance, efficiency, and security. These advanced algorithms can analyze large volumes of network data in real time, identifying patterns and anomalies that human operators might miss. This enables proactive network optimization, predictive maintenance, and automated response to security threats, ultimately leading to improved network reliability and performance. AI & ML integration is poised to revolutionize network optimization practices in the coming years.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of network analytics reached USD 3.5 billion in 2022 and is set to witness 19% CAGR from 2023 to 2032, owing to the increasing frequency and sophistication of cyber threats & attacks.

The Network Performance Management (NPM) segment held a market share of around 31% in 2022 and with the increasing complexity of networks and the importance of maintaining optimal performance, organizations will keep turning to NPM solutions.

North America market with a share of over 34% in 2022, backed by the region's large concentration of tech-savvy enterprises that aim to enhance their IT infrastructure performance and security.

Cisco Systems, Inc., Extreme Networks, Fortinet, Inc., Hewlett-Packard Enterprise Development LP, International Business Machines Corporation, Juniper Networks, Inc., and Telefonaktiebolaget LM Ericsson.