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

Report Description

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.

You can also purchase parts of this report. Do you want to check out a section wise
price list?

Get in touch with team

Research Methodology

Research Methodology for the Network Traffic Analysis Market Analytics (2022-2028)

Analyzing the historical market, estimating the current market, and forecasting the future market of the global network traffic analysis market were the three major steps undertaken to create and analyze the adoption of network devices in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global network traffic analysis market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:

Analytics of Historical Market Size

Step 1: In-Depth Study of Secondary Sources:

Detail secondary study was conducted to obtain the historical market size of the network traffic analysis market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.

Step 2: Market Segmentation:

After obtaining the historical market size of the network traffic analysis market, we conducted detailed secondary Analytics to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as co. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.

Step 3: Factor Analytics:

After acquiring the historical market size of different segments and sub-segments, we conducted detailed factor Analytics to estimate the current market size of the network traffic analysis market. Further, we conducted factor Analytics using dependent and independent variables such as component, deployment, and end-user. A thorough Analytics was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the network traffic analysis market sector across the globe.

Current Market Size Estimate & Forecast

Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global Network Traffic Analysis Market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.

Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2028 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:

• The industry’s market size, in terms of revenue (USD) and the adoption rate of the network traffic analysis market across the major markets domestically
• All percentage shares, splits, and breakdowns of market segments and sub-segments
• Key players in the global network traffic analysis market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market

Market Size and Share Validation

Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical Analytics was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.

Split of Primary Participants in Different Regions

Market Engineering

The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global network traffic analysis market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of services, types, and applications in the global network traffic analysis market.

The main objective of the Global Network Traffic Analysis Market Study

The current & future market trends of the global network traffic analysis market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative Analytics performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:

• Analyze the current and forecast market size of the network traffic analysis market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
• Segments in the study include areas of the component, deployment, and end-user.
• Define and Analytics of the regulatory framework for the network traffic analysis
• Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry.
• Analyze the current and forecast market size of the network traffic analysis market for the major region.
• Major countries of regions studied in the report include Asia Pacific, Europe, North America, and the Rest of the World.
• Company profiles of the network traffic analysis market and the growth strategies adopted by the market players to sustain in the fast-growing market
• Deep dive regional level Analytics of the industry

You can also purchase parts of this report. Do you want to check out a section wise
price list?

Get in touch with team