Network Traffic Analytics Market Analysis

Network Traffic Analytics Market Analysis

The solutions segment in Canada market heldover 75% share in 2019 due to a rise in the acceptance and usage of various technologies, such as cloud computing, Voice over Internet Protocol (VoIP), and connected devices, traffic on the network has increased tremendously, slowing down the overall functioning speed of the network. As the stress on the network has increased, enterprises are now adopting network traffic analytics solutions.

Canadian enterprises are also keenly monitoring network traffic during the ongoing COVID-19 pandemic with the assistance of network traffic analytics software. Monitoring the inflow and outflow of data helps in timely remediation of network congestion, improving market competitiveness of service providers. The information produced by these network traffic monitoring solutions can be used for multiple IT operations and security cases.

In France network traffic analytics market, the cloud segment is set to exhibit substantial growth rate of nearly 25% through 2026 impelled by rise in high-speed networks along with increase in the number of data centers, which requires robust network traffic analytics and management. The cloud platform is an alternative to store and process vast data as it enables high-performance computing and data storage capabilities. Furthermore, this deployment model is majorly adopted by French SMEs owing to the benefits offered such as operational efficiencies, reduced costs, and flexibility.
 

The cloud service provider segment in Israel held around 10% market share in 2019 driven by an increase in malware attacks. Nearly 400,000 new malware attacks are recognized daily, attacking the public clouds and SaaS providers’ environment, damaging the critical data. Hence, it is necessary for cloud service providers to monitor network traffic, data movement, and application activity at all stages of the cloud environment. This will support in speedy discovery & removal of vulnerabilities and eliminate potential threats.
 

Europe network traffic analytics market accounted for more than 25% revenue share in 2019. The regional industry is characterized by the presence of the leading telecom companies in the world such as Vodafone, Softbank Group, and Telefonica S.A. These enterprises are increasingly deploying network traffic analytics tools for cloud network analysis and security management. In addition, the growing market penetration of network traffic analytics tools in the UK and Germany to support data center virtualization will accentuate the market growth.
 

European cloud computing SMEs are rapidly adopting network traffic analytics tools for efficient network management and reducing cybersecurity policy violation. This is another major factor contributing to the expanding market presence of network traffic analytics technologies in the region.