Global Network Traffic Analysis Solutions Market: Market Driver and Restraint
Rise in the number of connected smart devices and increasing IT security budgets are expected to be major drivers of the network traffic analysis solutions market. To minimize/eliminate the chances of cyber-attacks, various organizations are compelled to increase their IT spending on advanced network security solutions. The market is also expected to receive a boost from advancements in the field of cyber security and rise in the number of smart city projects. Furthermore, migration toward cloud computing is expected to drive the market in the next few years.
Global Network Traffic Analysis Solutions Market: Forecast by Type
Cloud-based solutions require managed services, which is directly eliminating in-house IT support. In addition, growth of micro, small, and medium enterprises (MSMEs) is a key factor that is expected to fuel the network traffic analysis solutions market in the coming years.
Global Network Traffic Analysis Solutions Market: Forecast by Application
Unlike large enterprises, SMEs do not have in-house IT capabilities and are thus dependent on service providers for their security, communications, and IT requirements. However, the market is expected to be hindered by concerns over data security due to vulnerable networks with infrequent security updates. Moreover, the market is expected to face restraints as the bring your own device (BYOD) movement is gaining momentum.
Global Network Traffic Analysis Solutions Market: Forecast by Region
The global network traffic analysis solutions market is expected to be driven by the North America region. North America is estimated to constitute a major market share during the forecast period, with the U.S. contributing most to the region’s revenue. North America is expected to hold about one third of the global market share in terms of revenue. Presence of major industry players in the region and high adoption of network traffic analysis software across many verticals are expected to drive the market in the region. The presence of necessary Internet and communication infrastructure is also expected to bolster market growth. North America is also helped by the rapidly expanding cyber security industry owing to increased cyber-attacks.The region is projected to be followed by Europe and Asia Pacific in terms of market share.
Global Network Traffic Analysis Solutions Market: Key Players
Major players operating in the network traffic analysis solutions market include GREYCORTEX s.r.o., Genie Networks, Flowmon Networks, Zoho Corporation, Hewlett Packard Enterprise Co., Ipswitch, Inc., Cisco Systems, Inc., Bricata, Inc., CA Technologies, Palo Alto Networks, Inc., Netreo Inc., Dynatrace LLC and Netmon Inc.
Click to view the full report TOC, figure and tables：