The global Network Telemetry market size is expected to grow from USD 140 million in 2019 to USD 704 million by 2024, at a Compound Annual Growth Rate (CAGR) of 38.1% during the forecast period. Primary factors expected to drive the growth of the network telemetry market are an increasing need for in-depth visibility into network security and Quality of Service (QoS), and growing network infrastructure. Exponential growth in the global Internet Protocol (IP) traffic and cloud traffic, and prominence of the Internet of Things (IoT) are further expected to offer vast market opportunities for network telemetry vendors in the next 5 years.
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Large enterprises to hold a larger market size during the forecast period
By organization size, Small and Medium-sized Enterprises (SMEs) are expected to grow at a higher growth rate during the forecast period. Network management in large enterprises enables them to solve their data and network management problems in a better manner. In today’s Information Technology (IT) era, network management solutions and services should be customized and should adhere to the policies of large enterprises. These solutions and services should be self-adaptive and virtualized. Network telemetry solutions and services enable large enterprises to manage their day-to-day network-based business operations.
CSPs to record the highest CAGR during the forecast period
In the network telemetry market by service provider, Cloud Service Providers (CSPs) are expected to register the highest CAGR during the forecast period. Trends in cloud computing are reaching new heights, with growing data consumption and increasing mobility. Consumers and enterprises opt for cloud services for backup and storage, and various other business processes, owing to increased security, mobility scalability, and elasticity, as well as cost efficiency. The cloud infrastructure plays a critical part in the business processes of organizations.
North America to hold the largest market size duringthe forecast period
North America is expected to hold the largest market size in the global network telemetry market during the forecast period. North America is a frontrunner in terms of technology adoption and digitization of society. Enterprises and service providers in this region are continuously changing their network infrastructure to cope with advanced technologies. The rapid changes in IT infrastructure, such as cloud and virtualization, have significantly increased the pressure on network administrators to manage the network infrastructure. This is expected to increase the demand for network telemetry solutions across verticals and service providers. Furthermore, technological advancements, such as 4G and 5G technologies, encourage telecom providers to adopt network telemetry solutions at every layer of the network.
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Top Companies
Key and emerging market players include Cisco Systems (US), Juniper Networks (US), Arista Networks (US), Mellanox Technologies (US), Pluribus Networks (US), Barefoot Networks (US), Solarflare Communications (US), and VOLANSYS Technologies (US).
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Network Telemetry Market OverviewThe Network Telemetry Market is expected to reach USD 826.1 Million by 2025, registering a CAGR of 39.4% during the forecast period.
In this report, Market Research Future (MRFR) includes the segmentation and dynamics of the market to offer a better glimpse of the coming years.The Network Telemetry Market has been segmented on the basis of Component, End User, Organization Size, and Region.Based on the component, the network telemetry market has been segmented into solutions and services.
The services segment is expected to grow at a higher CAGR during the forecast period.
The growing adoption of network telemetry solutions across enterprises and service providers has led to the demand for the services.
The need for consulting services, integration and deployment services and support and maintenance services is also growing.Get Free Sample Copy at: https://www.marketresearchfuture.com/sample_request/8716Based on end-user, the network telemetry market has been segmented into service providers and enterprises.
The service providers have further been segmented into telecom service providers, cloud service providers, managed service providers, and others.
MarketsandMarkets expects the Global Network Telemetry Market size to grow from USD 140 million in 2019 to USD 704 million by 2024, at a Compound Annual Growth Rate (CAGR) of 38.1% during the forecast period.Key and emerging Global Network Telemetry Industry players include Cisco Systems (US), Juniper Networks (US), Arista Networks (US), Mellanox Technologies (US), Pluribus Networks (US), Barefoot Networks (US), Solarflare Communications (US), and VOLANSYS Technologies (US).Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=110999318Large enterprises to hold a larger market size during the forecast periodBy organization size, Small and Medium-sized Enterprises (SMEs) are expected to grow at a higher growth rate during the forecast period.
In today’s Information Technology (IT) era, network management solutions and services should be customized and should adhere to the policies of large enterprises.
Network telemetry solutions and services enable large enterprises to manage their day-to-day network-based business operations.CSPs to record the highest CAGR during the forecast periodIn the network telemetry market by service provider, Cloud Service Providers (CSPs) are expected to register the highest CAGR during the forecast period.
Consumers and enterprises opt for cloud services for backup and storage, and various other business processes, owing to increased security, mobility scalability, and elasticity, as well as cost efficiency.
The cloud infrastructure plays a critical part in the business processes of organizations.Arista Networks (US) provides software-driven cognitive cloud computing solutions for large scale data centers and campus environments.
Arista provides products and solutions to more than 5,000 customers with scalable data centers, for Fortune 500 companies and delivers products across the globe through distribution partners and system integrators.
