Global Network Traffic Analyzer Market

Network Traffic Analyzer Market: Insights

Network traffic analyzers are used to intercept, record, and analyze network traffic to identify potential security threats and performance issues before they affect the end-users. With network traffic analyzers, businesses can identify the applications currently running on the network, monitor the client to server network traffic, identify bandwidth-hogging by devices, applications, and users, and troubleshoot network and application performance-related problems. In the current age, the number of cyber threats is on the rise with firms having to keep up to date with their ever-increasing numbers. Cybercriminals are constantly updating their arsenal with attacks like denial of service (DoS), distributed denial of services (DDoS), and other attacks making it difficult for firms to protect themselves. Businesses generate a large amount of data daily which makes it hard for network administrators to constantly monitor the network. Network traffic analyzers allow businesses to monitor data on their network instantly and help prevent outages and hostile takeovers. The global pandemic has seen an increase in the number of devices using networks and employees working from home and using their own devices has increased the stress on networks making monitoring of networks necessary for firms to function. The growing implementation of cloud networks and internet of things (IoT) systems has further increased the demand for network traffic analyzers. Growing privacy concerns have also increased the necessity of firms to protect user data and their own data from being misused by hackers. Network traffic analyzers are the first line of protection from such attacks. The global network traffic analyzer market is driven by the growing number of cyberattacks, increasing implementation of cloud-based solutions, data privacy laws, the growing number of vendors, and the growing burden of networks from the increasing user base.

Network Traffic Analyzer Market: By Component

Based on components, the network analyzer market is segmented into solutions and professional services. The solution segment is analyzed to be the most dominating segment from 2021 to 2022 and will also grow with the highest growth rate. Network traffic analyzer solutions include sensors, virtual machines, and software that enable efficient network analysis. They collect, monitor, and analyze data in real-time and facilitate network administrators to find the problems and issues before they can cause network outages to the end-users.            

Network Traffic Analyzer Market: By Deployment Mode

According to the deployment mode, the network traffic analyzer market can be segmented into physical, virtual, and cloud segments. The virtual network segment is analyzed to be the most dominating segment from 2021 to 2022 as businesses have turned to virtual networks to facilitate easier scalability and deployment of networks in the future. Virtual machines allow firms to move away from having multiple physical hardware and use a single virtual machine in its stead. This allows businesses to scale up their networks in case of increased load without having to incur heavy expenses by upgrading physical hardware to meet the increased user demands. The number of users will increase in the future as internet accessibility improves.

Network Traffic Analyzer Market: By End-User

Based on the various end-users, the network traffic analyzer market can be segmented into service providers and enterprises. The enterprise segment includes banking and financial services, healthcare, retail, media and entertainment, among others. The enterprises segment is studied to be the most dominating segment from 2021 to 2022. Various sectors like banking, financial services and insurance (BFSI), healthcare, and other sectors are experiencing increased demand on their networks as users are beginning to increasingly prefer network-based solutions. Network traffic analyzers improve network efficiency and allow a smooth user experience. These sectors are prone to cyberattacks as they contain valuable user information and are becoming increasingly reliant on protection systems like network traffic analyzers to prevent attacks before they occur.

Network Traffic Analyzer Market: By Organization Size

Based on the organization size, the network traffic analyzer market can be segmented into small and medium enterprises and large enterprises. The small and medium enterprises segment is analyzed to be the fastest-growing segment from 2021 to 2022. Small and medium enterprises are increasingly turning to virtual and cloud-based networks to facilitate growth and allow them to expand without having to incur heavy costs.

Network Traffic Analyzer Market: By Region

The North American regionalsegment is analyzed to be the most dominating segment from 2021 to 2022. The region has a large number of enterprises that are increasing their network capabilities. The growing usage of internet technologies and demand for network solutions is expected to increase the demand for network traffic analyzers in the region. The region also experiences an increasing number of cyberattacks which is also expected to facilitate the growth of the market in this region. The growing awareness among the public about data privacy concerns combines with the need for network traffic management to prevent network outages have also played a part in the dominance of this region in the global network traffic analyzer market. The APAC region is expected to register the highest growth rate among all segments. The number of network traffic analyzer vendors is increasing as there is an increase in the availability of skilled labor force in the region. Rapid industrialization and growing economic conditions of the region are expected to increase the demand for network traffic analyzers in the region. The growth and expansion of telecommunication networks in the region are expected to increase the demand for network solutions and further impact the growth of the network traffic analyzer market in the region.

Network Traffic Analyzer Market: Share & Competitor Analysis

Netscout (US), SolarWinds (US), Broadcom (US), Opmantek (US), Nokia (Finland), Progress (US), Colasoft (China), Kentik (US), ManageEngine (US), NetVizura (Serbia), NEC (Japan), Plixer (US), Opsview (UK), MixMode (US), Inmon (US), Corelight (US), Nagios (US), Awake (US), Qosmos (France), IdeaData (Australia), Dynatrace (US), Extrahop (US), LogRhythm (US), Sandvine (Canada), and LiveAction (US) among others, are the major vendors competing in the network traffic analyzer market.

Please note: This is not an exhaustive list of companies profiled in the report.