Network Telemetry Market

Report Scope & Overview:

Network Telemetry Market size was valued at USD 318.52 Million in 2022 and is expected to reach USD 3922.90 Million by 2030, and grow at a CAGR of 36.87% over the forecast period 2023-2030.

Network telemetry is a technology system concerned with the management of large amounts of susceptible organized and unstructured data. Network telemetry is a real-time data gathering system that aids in the transmission of data to a centralized place for analysis, processing, and storage.

To get more information on Network Telemetry Market - _{Request Sample Report}

The capacity to record every activity has become simple in the digital era when every procedure or transaction is done online. Today, data has become the pivot of all processes. There is no firm that can function as well as it does now without data. The majority of methods used nowadays are the outcome of data patterns that businesses have at their disposal. As a result, data now plays an important role in business. However, with data gathered from digital transactions becoming so crucial, the requirement for data security is equally critical. As a result, data on network health is critical to ensuring the safety of devices and the network itself.

MARKET DYNAMICS:

KEY DRIVERS:

• There has been an increase in network assaults and security breaches.

• Demand for network infrastructure optimization.

• It is critical to tackle downtime concerns as soon as possible.

RESTRAINTS:

• Regulatory concerns.

OPPORTUNITY:

• Demand for a network telemetry framework in order to build a functional system.

• Massive network performance data must be handled.

• IoT, AI, and SDN are examples of emerging technology.

• Using a network telemetry solution to improve company operations.

CHALLENGES:

• The skills gap is growing.

IMPACT OF COVID-19:

The latest coronavirus outbreak has devastated the network telemetry market. Corporate activity has been suspended as a result of the coronavirus pandemic, resulting in interruptions in global supply chains, border restrictions, and travel restrictions enforced by government entities. Mandatory containment measures and health safety compliances have placed significant demand on remote operations across a wide range of sectors, reducing network telemetry market development. Software companies, on the other hand, are re-exploring new methods to serve their customers and increasing their emphasis on in-demand technologies. Furthermore, work-from-home policies, which have put pressure on networking infrastructure in the aftermath of the COVID-19 outbreak, have increased network telemetry market usage.

MARKET ESTIMATION:

The services component is predicted to increase at a faster CAGR throughout the projection period. This expansion may be ascribed to the widespread use of network telemetry solutions by organizations and service providers, resulting in increased demand for consultancy services, integration and implementation services, and training, support, and maintenance services globally. Services related to the assistance provided by network telemetry providers to clients in efficiently using and maintaining network telemetry products. Services attempt to teach and build knowledge, provide timely software or platform upgrades, and assist clients in integrating their software or platform with other Information Technology solutions.

During the forecast period, service providers are likely to maintain a bigger market share in the network telemetry market by end-users. Network telemetry solutions are increasingly being used by telecom and cloud service providers to manage, analyze, and improve the complete network infrastructure. Advanced network telemetry systems may help with improved network capacity planning and network management features, as well as providing protection against malware and DDoS assaults. Such crucial elements are predicted to boost service providers' need for network telemetry solutions.

KEY MARKET SEGMENTS:

On The Basis of Components

• Service

• Solutions   

On The Basis of End-Use

• Verticals

• Service Providers

On The Basis of Organizational Size

• Small Medium-Sized Enterprise

• Large Enterprise

Need any customization data on Network Telemetry Market - _{Enquiry Now}

REGIONAL ANALYSIS:

The worldwide network telemetry market is likely to be led by North America. The region's prominence is defined by its major network infrastructure and the sheer number of digital devices in use. As a result, companies in the global network telemetry market will focus on increasing their commercial potential in the region while also attempting to grow into new regions. As a result, demand for network telemetry solutions is expected to expand across industries and service providers. China and Japan will continue to expand rapidly over the predicted period. This is attributable to the region's increasing rate of economic digitization, higher real estate sector application, and increased investments in IT infrastructure building. As a consequence, companies in the global network telemetry market will concentrate on expanding their company in the area while also striving to expand into new markets.

REGIONAL COVERAGE:

• North America

  • USA

  • Canada

  • Mexico

• Europe

  • Germany

  • UK

  • France

  • Italy

  • Spain

  • The Netherlands

  • Rest of Europe

• Asia-Pacific

  • Japan

  • south Korea

  • China

  • India

  • Australia

  • Rest of Asia-Pacific

• The Middle East & Africa

  • Israel

  • UAE

  • South Africa

  • Rest of Middle East & Africa

• Latin America

  • Brazil

  • Argentina

  • Rest of Latin America

KEY PLAYERS:

The major key players are Arista Networks, Mellanox Technologies, Pluribus Networks, Barefoot Networks, Cisco Systems, Inc., Juniper Networks, Palo Alto Networks, Accenture, Infosys, Genpact & Other Players

Palo Alto Networks -Company Financial Analysis