Network Analytics Market Scope and Key Players Analysis by 2030
Network Analytics Market Report Scope
Report Attribute | Details |
---|---|
Market size in 2022 | US$ 3.10 Billion |
Market Size by 2030 | US$ 12.89 Billion |
Global CAGR (2022 - 2030) | 19.5% |
Historical Data | 2020-2022 |
Forecast period | 2022-2030 |
Segments Covered |
By Component
|
Regions and Countries Covered | North America
|
Market leaders and key company profiles |
Key Player Analysis:
The network analytics market report emphasizes the key factors driving the market and prominent players' developments. IBM Corporation; Hewlett Packard Enterprise Development LP; Fortinet, Inc.; Huawei Technologies Co., Ltd.; Cisco Systems, Inc.; Broadcom, Inc.; Extreme Networks, Inc.; Juniper Networks, Inc.; Sandvine Corporation; Ciena Corporation; Allot Ltd.; and Nivid Technologies are among the prominent players profiled in the network analytics market report.
Recent Developments:
Inorganic and organic strategies such as mergers and acquisitions are highly adopted by network analytics market players. A few recent key market developments are listed below:
- In May 2023, Juniper Networks, Inc. introduced the Mist Access Assurance service, marking a significant milestone as the first cloud-native service of its kind. This innovative offering leverages Mist AI and a contemporary microservices cloud to provide a comprehensive suite of network access control (NAC) and policy management capabilities. Notably, these capabilities encompass Juniper's wired access, wireless access, indoor location, SD-WAN, and secure client-to-cloud portfolio, delivering unparalleled automation, insight, and assurance for superior access control and policy enforcement. The result is a solution that not only ensures exceptional operational savings but also offers businesses the flexibility and simplicity needed to navigate the complexities of modern network management.
- In June 2023, Cisco introduced the Networking Cloud Platform, aiming to streamline the administration of networking equipment through a unified, standardized interface. This launch coincided with updates to various Cisco products, such as the ThousandEyes infrastructure monitoring service and the Catalyst portfolio.
- In June 2022, at RSAC 2022, IBM Corporation unveiled its intention to acquire Randori, a prominent attack surface management (ASM) and offensive cybersecurity enterprise based in Boston. Randori specializes in assisting customers in identifying external assets visible to potential attackers, whether located on-premises or in the cloud, and prioritizing the most critical ones for protection.
- In October 2022, Oracle introduced the Oracle Network Analytics Suite, a cloud-native portfolio of analytics solutions designed to integrate network function data with machine learning and artificial intelligence. This offering aims to empower operators to make more informed, automated decisions regarding the overall stability and performance of their entire 5G network core. Specifically, the suite enables operators to swiftly identify anomalies that could potentially lead to critical network function failures, ultimately impacting customer service. This new suite is strategically positioned to assist telecom operators in leveraging advanced technologies, such as machine learning and AI, to enhance their decision-making processes and ensure the optimal functioning of their 5G networks. By harnessing the power of data analytics and cutting-edge technologies, operators can proactively address potential network disruptions and maintain a high level of service reliability for their customers. The Oracle Network Analytics Suite represents a significant advancement in the realm of network analytics, offering operators the tools they need to navigate the complexities of 5G network management with greater precision and efficiency. As the telecommunications industry continues to evolve, solutions like the Oracle Network Analytics Suite are poised to play a pivotal role in driving operational excellence and delivering exceptional customer experiences.