The Global Market for Network Analytics is Projected to Surpass US$1.9 Billion by 2020

Growing Pressure to Tackle Network Operational Complexity Drives Demand for Network Analytics, According to a New Report by Global Industry Analysts, Inc.

GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Network Analytics market. The global market for Network Analytics is projected to surpass US$1.9 billion by 2020, driven by the growing emphasis on network intelligence among communication services providers (CSPs) against a backdrop of mounting complexity in network operations.

Communications Service Providers (CSPs) including fixed line telecom services providers, mobile network operators (MNOs) and internet services providers (ISPs) are reeling under the pressure of intelligently managing network complexities created by the growing role of converged services, and rapid proliferation of disruptive technologies. Given the mounting pressure on network operations as a result of spiraling growth in data consumption, a growing number of communications network operators are moving towards network intelligence solutions such as network analytics. The inability of conventional network traffic & billing methods to render desired results is leading CSPs, especially Telecom Services Providers, to prioritize network analytics with the objective to enhance and improve their network operations. Telecom services providers, both fixed line and mobile network operators, are investing in network analytics to leverage benefits such as better understanding of network utilization patterns, advanced network dimensioning capabilities, efficient traffic forecasting methods, and superior CAPEX efficiency and ROI optimization.

The adoption of network analytics is also gathering momentum among cloud services providers, who face challenges in maintaining service level agreement (SLA) assurances and also in coping with top-class quality of service (QoS) and quality of experience (QoE) parameters. A key trend in the market is the growing demand for Cloud-Based Network Analytics, which offers all the proven benefits of on-premises network analytics solutions, in a cost-effective and maintenance-free model. Real-Time Network Analytics is gaining popularity among CSPs, cloud services providers and enterprises, against a backdrop of growing interest in the value of capturing and analyzing data and information in real-time on the same day, hour, and minute. Instantaneous information analysis creates value, unrivalled by the conventional model of generating activity reports on a monthly or weekly basis. Enterprises are integrating network analytics tools in their Unified Communications (UC), contact centers, and voice over IP (VoIP) infrastructures to gather accurate customer data and useful insights to identify the issues impacting customer satisfaction and retention.

As stated by the new market research report on Network Analytics, the United States represents the largest market worldwide. Asia-Pacific, exhibiting a CAGR of over 24.9% over the analysis period, ranks as the fastest growing market, led by the rapidly growing telecommunications services sector in China, India, South Korea and other South East Asian countries.

Major players covered in the report include Accenture plc, Alcatel-Lucent , Amdocs Inc., Bradford Networks, Brocade Communication System Inc., Calix Inc., Cisco Systems Inc., Corvil, Hitachi Data Systems, IBM, Juniper Networks Inc., Netronome, Niometrics Pte Ltd., Optum Inc., Procera Networks, Sandvine Incorporated , SAS Institute Inc., Tableau Software, TIBCO Software Inc., Viavi Solutions Inc., and Virtela Technology Services Inc. among others.

The research report titled “Network Analytics: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, mergers, acquisitions and other strategic industry activities of global companies. The report provides market estimates and projections in US$ Million for all major geographic markets such as the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia, and Rest of Europe), Asia-Pacific (China, India, and Rest of Asia-Pacific), Latin America (Brazil and Rest of Latin America), and Rest of World.

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