Global network telemetry market size was US$ 140 Mn in 2019 and is expected to reach US$ XX Mn by 2027, at a CAGR of 38.1% during the forecast period.
Global Network Telemetry Market
Global Network Telemetry Market
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Network telemetry is an emerging and powerful real-time data collection system in which network devices such as firewalls, switches, and routers constantly push data to a centralized location for analysis, processing, and storage purpose.
Growing adoption of a network telemetry systems in modern IT data center operations and continuous development of modern networks to support continuously varying recent applications workload needs is a major driving factor behind the growth of the market. Rising network security breaches and network attacks, growing need for optimized network infrastructure, increasing requirement of network telemetry structure to create a working system, ongoing advancements in technologies such as SDN, AI, and IoT and a surge in the adoption of a network telemetry system to manage huge network performance data are expected to improve the growth of the market during the forecast period. The network telemetry system provides some benefits such as improved network performance, faster troubleshooting, predictions of network failure, and easy installation, which are ultimately propelling the growth of the market. However, regulatory concerns are major restraining factor that could hamper the growth of the market.
Global Network Telemetry Market: Segmentation Analysis
By end-user, the service providers segment accounted for the largest market share in 2019. The service provider segment is further categorized into telecom service providers, cloud service providers, managed service providers, and others. Among these, cloud service providers (CSPs) segment is projected to witness fast growth at a CAGR of XX% during the forecast period. Growing adoption and rising trend of network telemetry solutions by cloud service providers to optimize, analyze, and manage the whole network infrastructure is attributed to the growth of the market.
Leading market players and cloud service providers such as Google, Cisco, Microsoft Azure, and Amazon Web Services are providing their own edition of network telemetry in the form of VPC flow logs. Thus, the massive availability of numerous network telemetry technologies such as Cisco’s ACI data centre fabric and AWS’s VPC Flows in the global market is ultimately improving the growth of the market. These network telemetry technologies provide automated remote administration solutions, simpler data management solutions, and monitoring of several connection points to the network administrator.
Global Network Telemetry Market: Regional Analysis
Region-wise, North America held the largest market share in 2019 and is expected to continue its dominance at a CAGR of XX% during the forecast period. The US and Canada are major key contributors to the growth of the market. The growth is attributed to the massive presence of data centers and the rising adoption of network telemetry systems in IT data centers.
The massive presence of network telemetry service providers, continuously changing IT infrastructure, the introduction of advanced network management systems, and increasing demand for network telemetry systems by network administrators to handle huge network infrastructure is driving the growth of the market in the region.
The objective of the report is to present a comprehensive analysis of the Global Network Telemetry Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Network Telemetry Market dynamics, structure by analyzing the market segments and projects the Global Network Telemetry Market. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Network Telemetry Market make the report investor’s guide.
The Scope of Global Network Telemetry Market
Global Network Telemetry Market, By Component
o Integration and deployment
o Training, Support, and Maintenance
Global Network Telemetry Market, By Organization Size
Small and Medium-Sized Enterprises
Global Network Telemetry Market, By End-User
o Telecom Service Providers (TSPs)
o Cloud Service Providers (CSPs)
o Managed Service Providers (MSPs)
Global Network Telemetry Market, By Region
Middle East and Africa
Global Network Telemetry Market, Key Players
Cisco Systems Inc
Marvell Semiconductor, Inc
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