Global Network Analytics Market Expected to Reach XX Million by 2025
According to a new report published by Reports Monitor titled, “Network Analytics Market By Type, Property & Applications: Global Opportunity Analysis and Industry Forecast, 2017–2025,” the Network Analytics Market was valued at XX million in 2016, and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2017 to 2025. Asia Pacific dominates the Network Analytics Market, both in terms of volume and value, and is expected to maintain this trend throughout the forecast period.
Network analytics comprises of overall analysis of information to identify trends and patterns. It also provides organizations with in-depth understanding of the network and facilitate smarter data driven decisions. Network analytics helps to overcome the problems related to misuse of data. Therefore, many enterprises are increasingly adopting network analytics solutions to analyze problems in the network.
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The increasing adoption of Bring Your Own Device (BOYD) is one of the most important element responsible for the growth of the market. The other driving factors for the growth of the market includes customer data enrichment for better understanding needs, automation & virtualization, and Quality of Experience (QoE) maintenance.
The number of mobile users is increasing tremendously throughout the emerging economies. This opportunity is responsible for strengthening the growth of the market.The factors such as Lower Return on Investment (ROI) and high initial cost can hamper the growth of the market. The necessity of skilled workforce is the major challenge for the growth of the market.
Key Question Answered: •What will be the market size in 2025 and at what rate it will grow? •Who are the major key players in global network analytics market and what are their strategies? •Which vertical industry is expected to show major growth? •What segment and region will lead the market and why?
The major companies profiled in the report include: Accenture, Alcatel-Lucent, Juniper Networks, IBM, Brocade Communications, and SAS.
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