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(Wireless-NewsWire.Com, August 12, 2016 ) The report "Network Analytics Market by Type (Solutions and Services), by End User (Cloud Providers, Telecom Service Providers, ISPs, Satellite Communication Providers, Cable Network Providers) - Global Forecast to 2020", The network analytics market size is estimated to grow from USD 768.2 Million in 2015 to USD 2,317.5 Million by 2020, at an estimated Compound Annual Growth Rate (CAGR) of 24.7% from 2015 to 2020. As the global and local network infrastructure of cloud and communication enterprises are expanding rapidly, the need for network analytics is increasing, driving the resultant market to gain traction in the next five years.
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The need to address the increasing challenges in effectively maintaining higher Quality of Service (QoS) and Quality of Experience (QoE) will drive the network analytics market
The end users are evaluating their networks and preparing future infrastructures to support the tremendous demand for data. In 2015, the world saw over 150 billion app downloads and the number is projected to reach over 200 billion by 2017. The need for VoIP and video conferencing is rising with the increase in the number of enterprises adopting these trends. Thus, the telecom operators, internet and cloud service providers are reeling under the pressure of intelligently managing network complexities which are created by converged services with the help of network analytics solutions and services.
Network Intelligence solutions expected to show positive trends during the forecast period
The network intelligence solutions are expected to dominate the market from 2015 to 2020 with the largest market share in the network analytics services segment, due to growing network challenges faced by the organizations worldwide. Furthermore, due to future saturation in the solution segment in the developed economies and variation in global governmental network and radiation norms and regulations, demand for professional services is expected to gain traction in the next five years.
Telecom service providers segment to contribute the maximum market share
The telecom service providers segment is expected to contribute the largest market share in the network analytics market in 2015, and the cloud service providers segment is expected to grow at a rapid rate from 2015 to 2020 in the network analytics market. The market is also projected to witness growth in the internet service providers and satellite communication segment during the forecast period.
North America expected to contribute the largest market share
North America is expected to have the largest market share and dominate the network analytics market from 2015 to 2020, due to the presence of a large number of analytics vendors headquartered in the U.S. APAC offers potential growth opportunities, as there is rise in smartphone penetration and larger infrastructure investments by communication service providers and cloud service providers.
The major vendors in the network analytics market include Accenture, Alcatel-Lucent, Juniper Networks, IBM, Brocade Communications, and SAS. The report also includes key innovators in the market such as Polystar, PathSolutions, and SevOne, among others.
The report covers detailed information regarding the major factors influencing the growth of the network analytics market, such as drivers, restraints, challenges, and opportunities. A detailed analysis of the key industry players has been done to provide insights into their business overview, products and services, key strategies, new product launches, mergers and acquisitions, partnerships, agreements, collaborations, and recent developments associated with the network analytics market.
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