Global Network Telemetry Market - Overview
According to Market
Research Future (MRFR), the global Network Telemetry Market is poised to
touch the valuation of USD 826.1 MN by 2025, growing at 39.4% CAGR throughout
the assessment period (2019–2025). Rising demand for network telemetry
solutions from leading service providers, such as telecom service providers,
cloud service providers, and managed service providers and key enterprises,
substantiates market growth.
The network telemetry
market is progressing extensively. The market growth attributes to the
increasing network-related attacks and cybersecurity breaches. Besides, the
growing need for the optimization of network infrastructure and rising numbers
of businesses drive the growth of the market. Moreover, the increasing need to
protect network layers from advanced cyber threats, while meeting the
compliance requirements escalate the development of the market.
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Network telemetry is used
across the industry verticals to ensure the security of digital assets
efficiently. The solution maximizes the performance of the enterprise or
service provider applications with end-to-end network visibility and
performance monitoring across software-defined and cloud-based architectures.
Additionally, rising
integrations of technologies such as the Internet of things (IoT), artificial
intelligence (AI), and software-defined networking (SDN) into network telemetry
solutions increase the market size. On the other hand, stringent regulations
and compliance by regulatory is a significant factor forecasted to impede the
growth of the market. Also, the initial investment required to implement
third-party risk management solutions acts as a hurdle to market growth.
Network Telemetry Market - Segmentation
The report is segmented
into four dynamics;
By Component : Solutions and Services
(Consulting, Integration & Deployment, Support & Maintenance, others).
By End-User : Service Providers (Telecom
Service Providers, Cloud Service Providers, Managed Service Providers, others)
and Enterprises.
By Organization Size : Small-to-Medium-Sized Enterprises and Large
Enterprises.
By Regions : Asia Pacific,
Americas, Europe, and the Rest-of-the-World.
Network Telemetry Market - Regional
Analysis
North America dominates the
global network telemetry market. The region is a hub for advanced technologies
and witnesses massive adoption of network telemetry solutions. The largest
market share attributes to the presence of notable players and early adoption
of IoT and Artificial Intelligence (AI) technologies. Besides, continuous
investment and focus on optimization of network infrastructure drive the growth
of the network telemetry industry.
The US, backed by the
rising technological upgrades, accounts for the major contributor to the
regional network telemetry market. The North American network telemetry market
is projected to retain its dominance throughout the estimated period.
Europe stands second in the
global network telemetry market. The market is driven by the growing need to
resolve downtime issues quickly. Additionally, the increasing adoption of
on-demand cloud services creates vast market demand in the region. The UK is
expected to gain a larger market share, followed by Germany and France. The
European network telemetry market is predicted to show immense growth over the
assessment period.
The Asia Pacific network
telemetry market is emerging as a promising market globally. Factors such as
the burgeoning IT & telecom sector, especially in the economically and
technologically developing countries such as China, Japan, and India, influence
the market growth.
Moreover, increasing
numbers of businesses and massive demand for advanced solutions that can
support comprehensively by increasing real-time access to data, push the market
increase. The APAC network telemetry market is projected to create a
substantial revenue pocket during the review period, offering significant
growth opportunities.
Network Telemetry Market - Competitive
Analysis
The well-established
network telemetry market appears to be fragmented due to the presence of
several notable players. To gain a competitive advantage, industry players
incorporate strategic initiatives such as mergers & acquisitions,
collaboration, expansion, and product launch, in the market. These players
accentuate on innovation and development of new solutions. This, in turn, fuels
the already intensified market competition. The market demonstrates a high
growth prospect attracting several new entrants to the market, further boosting
the market competition.
Major Players:
Players leading the network
telemetry market include Cisco Systems Inc. (US), Arista Networks (US), Juniper
Networks (US), VOLANSYS (US), Mellanox Technologies (US), Pluribus Networks
(US), Solarflare Communications (US), Barefoot Networks (US), Marvell
Semiconductor, Inc. (US), Anuta Networks (US), Google (US), Waystream AB
(Sweden), Netronome (US), Apcela (US), and Barefoot Networks (US), among
others.
Industry/ Innovation/ Related News
August 24, 2020 --- Palo
Alto Networks, Inc. (the US), a multinational cybersecurity company, announced
its plan to acquire the Crypsis Group, a leading incident response, risk
management, and digital forensics consulting firm to extend Cortex XDR™ platform
with tightly coupled breach response, proactive security assurance and digital
forensics services.
As per the agreement, Palo
Alto Networks would acquire The Crypsis Group for a total purchase price of USD
265 MN. The proposed acquisition is estimated to close during Palo Alto
Networks' fiscal first quarter, subject to the compliance of regulatory
approvals and customary closing conditions.
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