How big is the network analytics market?

The global network analytics market size was estimated at USD 3.26 billion in 2022 and is expected to reach USD 3.86 billion by 2023.

What is the network analytics market growth?

The global network analytics market is expected to grow at a compound annual growth rate of 19.0% from 2023 to 2030 to reach USD 13.06 billion by 2030.

Which segment accounted for the largest network analytics market share?

Network intelligence solutions dominated the network analytics market with a share of 64.4% in 2022. The growing complexity of networks owing to the integration of advanced technology devices, remote work setups, and cloud services has formed a huge demand for network intelligence solutions.

Who are the key players in the network analytics market?

The key players operating in the network analytics market include Allot Communication, Broadcom, Inc., Ciena Corporation, Cisco Systems, Inc., Extreme Networks, Fortinet, Inc., Hewlett Packard Enterprise Development LP, Huawei Technologies Co., Ltd., International Business Machines Corporation, Juniper Networks, Inc., Nivid Technologies, Sandvine Corporation, SAS Institute Inc., Telefonaktiebolaget LM Ericsson, and Trend Micro Incorporated

What are the factors driving the network analytics market?

Growing adoption of machine learning (ML) and artificial intelligence (AI) for more smart network management, an increase in intent-based networking aligned with the organization’s goals, and a rise in focus on network security analytics are some of the factors driving the demand for the network analytics market across the globe.