Network Traffic Analysis Market: Current Analysis and Forecast (2022-2028)

The global Network Traffic Analysis Market is expected to grow at a significant rate of around 9% during the forecast period. Network traffic analysis or NTA is a type of cyber security that involves observing network traffic communications. Network traffic analysis is an important way to monitor network availability and activity to identify anomalies, maximize performance, and keep an eye out for attacks.

The growing adoption of network traffic analysis can be attributed to the growing trend of robust cyber security. security threats to network computer resources, applications, end users, and destinations. The adoption of network traffic analysis for generating network traffic-based alerts to the internal interfaces of firewalls has also increased significantly. Furthermore, the growing threat of ransomware attacks among enterprises is a key driver for demand in the network traffic analysis market. For instance, according to Forbes, Cybercrime cost U.S. businesses more than $6.9 billion in 2021.

Awake Security Inc, Broadcom Corporation, Cloudflare Inc, Core Security Technologies, NEC Corporation, NETSCOUT Systems Inc, SolarWinds, MixMode, Corelight, and Dynatrace are a few of the key players operating in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.

Insights Presented in the Report:

"Amongst component, software category to witness higher CAGR during the forecast period"

Based on component, the market is segmented into software and services. The software market is expected to grow with a significant CAGR during the forecast period. The growing adoption of network traffic analysis software is attributed to the growing technological advancements of network traffic analysis software. Furthermore, the growing number of cyber-attacks in different organizations is expected to drive the network traffic analysis market.

"Amongst deployment, the cloud segment is expected to hold a significant share in the market in 2020"

Based on deployment, the market is bifurcated into on-premises and cloud. The cloud segment is expected to grow with a larger CAGR during the forecast period. The growing implementation of network traffic analysis software on the cloud is attributed to the flexibility that cloud implementation provides. Moreover, the application that is the cloud is accessible from anywhere. Furthermore, the proliferation of connected devices and the growing preference among professionals for accessing data on the go and obtaining information in real-time is expected to drive the growth of the cloud segment.

"North America to hold a significant share in the market"

In 2020, North America is expected to grow with a significant CAGR during the forecast period. The presence of key market players such as Broadcom Corporation; SolarWinds; Cloudflare, Inc.; and NETSCOUT Systems, Inc. are expected to invest significantly which is expected to drive the network traffic analysis market in the region. Furthermore, the growing investments by the governments in the region for the development of network traffic analysis technologies for the data security of its citizens are expected to drive the market.

Reasons to buy this report:

The study includes market sizing and forecasting Analytics validated by authenticated key industry experts.

The report presents a quick review of overall industry performance at one glance.

The report covers in-depth Analytics of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments.

Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.

The study comprehensively covers the market across different segments.

Deep dive regional level Analytics of the industry.

Customization Options:

The global network traffic analysis market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.