Global Network Analytics Market to Exhibit 25.68% CAGR 2016-2020, Boosted by Rising Adoption of BYOD

ALBANY, New York, July, 20, 2016 – Network analytics solutions visualize, understand, and record various activities occurring on different networks. Mobile network operators use network analytics to identify various network problems in advance. Network operators also use network analytics solutions to enhance their customer strategies. The growing use of network analytics in industries such as telecommunication, healthcare, BFSI, managed service providers, media and entertainment, and the government sector will propel the global network analytics market. At present, the global network analytics market is set for rapid expansion, states a newly added report in the market intelligence database of Market Research Hub.

As per the report, titled ‘Global Network Analytics 2016-2020,’ high deployment cost will be a major challenge that would restrict the growth of the market. According to the findings of the report, the global network analytics market is expected to exhibit an impressive CAGR of 25.68% from 2016 to 2020. Going forward, the global network analytics market will benefit from the rising need for Wi-Fi offload, predict the report’s authors.

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The report focuses on the key factors driving and restricting the growth of the global network analytics market. A detailed study of the current scenario and the changing trends in the market is also featured in the report. As per the research, the rising adoption of BYOD, the increasing use of mobile devices, and the rising access to applications through smartphones are the primary factors responsible for the growth of the global network analytics market. Network traffic is consistently increasing, thus creating more demand for network analytics to manage the traffic. Considering the changing needs of consumers, leading players in the global network analytics market are focusing on upgrading their solutions. All these factors will benefit the global market in the coming years, anticipate the analysts.

For a comprehensive study, the report’s authors have segmented the global network analytics market on the basis of end user, buying criteria, and region. Based on region, the global network analytics market is divided into Europe, Asia Pacific, the Americas, and the Middle East and Africa. Leading players operating across the market are concentrating on upgrading their network analytics solutions to maintain their dominance. Some of the prominent companies operating in the global network analytics market are Accenture, Cisco Systems, Hewlett Packard Enterprise, IBM, Juniper Networks, SAS Institute, Brocade Communications, Empirix, Hitachi Data Systems, JDS Uniphase, Netronome Systems, NetScout, Sandvine, and TIBCO Software. 

Scalability, cost, and security are the main buying criteria studied in the report by the analysts. Going forward, factors such as the growing use of networks, adherence to government rules, and the rising demand for real-time analytics are predicted to boost the global network analytics market. However, the availability of open-source network analytics solutions, lack of efficient analytical solutions, and infrastructure issues will restrict the growth of the market.

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The report also highlights the changing trends in the global network analytics market. The rising number of DDoS attacks and the emergence of SaaS-based analytics solutions will benefit the market in the coming years, expect the analysts.

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