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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