Network Analysis Market Size, Share, Industry, Forecast and outlook (2024-2031)

Global Network Analysis Market is Segmented By Component (Services, Network Intelligence Solutions), By Deployment (On-premises, Cloud), By Organization (SMEs, Large Enterprises), By Application (Customer Analysis, Risk Management and Fault Detection, Network Performance Management, Compliance Management, Quality Management, Others), By End-User (Cloud Service Providers, Managed Service Providers, Telecom Provider, Others), and By Region (North America, Europe, South America, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2024-2031

Network Analysis Market Size

Global Network Analysis Market reached US$ 2.3 billion in 2022 and is expected to reach US$ 9.4 billion by 2030 growing with a CAGR of 19.4% during the forecast period 2024-2031.

The network analysis market has witnessed unprecedented growth in recent years due to the rising cybersecurity threats, increasing complexity of networks and the need for enhanced network performance and efficiency. Organizations across various industries, including IT and telecommunications, BFSI, healthcare, manufacturing, and government, rely on network analysis solutions to ensure smooth network operations and mitigate risks.

The global market is highly competitive and consists of numerous players offering a wide range of solutions and services. Key market players include Cisco Systems, IBM Corporation, SolarWinds, NETSCOUT Systems, Nokia Corporation, Broadcom Inc., Keysight Technologies, and Gigamon, among others, these players hold more than 1/3rd at the global level and is expected to increase their share in the forecast period due to rising investments and adoption of advanced technologies.

Network Analysis Market Summary

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Network Analysis Market Dynamics

Rise Of Iot And Machine-To-Machine Communications Sensing

The rise of the Internet of Things (IoT) and Machine-to-Machine (M2M) communications has had a significant impact on the network analysis market. IoT refers to a network of interconnected devices that can collect and exchange data through the Internet, while M2M communication refers to direct communication between two or more devices without human intervention. Together, these technologies are transforming the way organizations monitor and analyze their networks and are driving the growth of the network analytics market.

One of the key drivers of this growth is the sheer volume of data generated by IoT and M2M devices. With so many devices connected to the network organizations need sophisticated tools to monitor and analyze the data that is being generated. Network analysis tools allow organizations to detect anomalies and potential threats in real-time and to take proactive measures to prevent network downtime or security breaches.

Adoption Of Advanced Technologies

Advanced technologies including AI, machine learning, and big data analytics enable real-time monitoring and analysis of network traffic. These technologies can process and analyze vast amounts of data in real time, allowing organizations to detect anomalies, identify patterns, and respond to network issues promptly. Real-time insights provide better visibility into network performance, security threats, and overall network health, leading to proactive network management. Companies are investing in adopting advanced technologies leading to a boost in the network analytics market.

For instance, On March 1, 2023, ExtraHop, a pioneer in cloud-native network detection and response, today declared that Forrester Research had recognized it as a notable vendor in its Network Analysis and Visibility Landscape report for the first quarter of 2023.

High Cost And Complexity Of Data Analysis

The high cost of implementing network analysis solutions can be a significant barrier to entry for organizations considering adopting such technologies. Network analysis often requires investment in hardware, software and infrastructure to collect, store and process large amounts of data. For instance, Cisco once proposed ten percent of the annual hardware cost (no longer retrievable). A US$100K yearly increase for the NMS would be implied by a US$1 million annual budget for networking hardware. 

Advanced analytical tools and algorithms may also be required to analyze and derive insights from complex network data. Additionally, organizations may need to allocate resources for hiring and training skilled personnel to effectively implement and utilize network analysis solutions. These costs can be prohibitive for smaller organizations or those with limited budgets, limiting their ability to adopt network analysis technologies and hindering the growth of the market.

Network Analysis Market Segment Analysis

The global network analysis market is segmented based on component, deployment, organization, application, end-user and region.

Growing Demand For Risk Management And Behavior Analysis Of A Network

Risk management and fault detection applications of network analysis dominate the global market covering nearly 32.3% globally. Risk management and fault detection are critical components of network analysis. Network analysis refers to the process of analyzing the structure and behavior of a network, such as a computer network or a communication network. The process involves identifying potential risks and faults in the network and implementing strategies to mitigate or prevent them.

There are various techniques and tools used for fault detection, such as network monitoring, log analysis and anomaly detection. Network monitoring involves continuously monitoring the network's performance and behavior to detect any issues or errors. Log analysis involves analyzing system logs to identify patterns or anomalies that may indicate a fault. Anomaly detection involves using machine learning algorithms to detect unusual patterns or behavior in the network.

Source: DataM Intelligence Analysis (2023)

Network Analysis Market Geographical Share

North America’s Increasing Demand For Data-Driven Insights And The Rising Complexity Of Networks Across Various Industries

Network analysis is a critical tool for businesses and organizations to understand the structure and behavior of complex systems, such as transportation, energy and communication networks. In North America, there is a growing demand for network analysis in various sectors, including transportation, energy, finance and healthcare making it more than 1/3th globally.

Furthermore, the network analysis market in U.S. is growing rapidly due to the increasing demand for data-driven insights and the rising complexity of networks across various industries. Network analysis is a powerful tool that helps businesses and organizations understand the structure and behavior of complex systems, enabling them to optimize their operations, reduce costs and improve performance.

Companies in the region are also heavily investing in the business. For instance, on 1st March 2023, ExtraHop, a pioneer in cloud-native network detection and response, today declared that Forrester Research had recognized it as a notable vendor in its Network Analysis and Visibility Landscape report for the first quarter of 2023. 

Source: DataM Intelligence Analysis (2023)

Network Analysis Market Companies

The major global players include Cisco Systems Inc, IBM Corporation, Microsoft Corporation, SAS Institute Inc oracle Corporation, Splunk Inc, Riverbed Technology Inc, NetScout Systems Inc, Ixia and SolarWinds Inc.

COVID-19 Impact Analysis

The disruption caused by the pandemic to global supply chains and logistics networks has highlighted the importance of network analysis in optimizing these complex systems. Companies have realized the need for enhanced visibility, real-time monitoring, and predictive analytics to identify bottlenecks, mitigate risks, and improve overall supply chain resilience.

Furthermore, many organizations have faced delays or alterations in their projects due to the pandemic-induced economic uncertainties and resource constraints. This has impacted the adoption and implementation of network analysis solutions, as businesses prioritize essential operations and cost-cutting measures.

Russia-Ukraine War Impact 

The Russia-Ukraine war has had significant implications for various sectors, including the global network analysis market. The conflict has highlighted the vulnerability of network infrastructure to cyber-attacks. Both sides have engaged in hacking and cyber espionage activities, targeting critical infrastructure, government networks, and communication systems. This has heightened the importance of network security and prompted organizations to invest in advanced network analysis tools and solutions to detect and mitigate cyber threats.

Furthermore, the Russia-Ukraine conflict has geopolitical implications, leading to strained relations between Russia and Western countries. This has influenced the global network analysis market as governments and organizations consider the geopolitical risks associated with their network infrastructure. It has prompted increased scrutiny of network equipment suppliers, data privacy concerns, and regulatory measures to protect national networks.

Key Developments

• On February 1, 2018 orange S.A, U.S. based telecommunication company across its IP and Data Portfolio launched Next-Gen Cisco network automation capabilities.
• In 2022, During RSAC 2022, IBM announced its plans to acquire Randori. Whether on-premises or in the cloud, Randori assists clients in identifying external assets that attackers may view and prioritizes the riskiest ones at the top of the list.
• On March 1, 2023, ExtraHop, a pioneer in cloud-native network detection and response, today declared that Forrester Research had recognized it as a notable vendor in its Network Analysis and Visibility Landscape report for the first quarter of 2023.

Why Purchase the Report?

• To visualize the global network analysis- market segmentation based on component, deployment, organization, application, end-user and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development. 
• Excel data sheet with numerous data points of network analysis market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as excel consisting of key products of all the major players.

The global network analysis market report would provide approximately 77 tables, 78 figures and 199 Pages.

Target Audience 2023

• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies