Network Traffic Analyzer Market Demand Analysis Research Report by 2027
The Network Traffic Analyzer Market is expected to reach approximately USD 4.72 Billion during the forecast period with a CAGR of 10.20%. The Network Traffic Analyzer is a combination of both programming and hardware that may be deployed in a network and computer to improve protection against criminal activities. Network traffic analyzers are supplemented by firewalls, spyware detection, and spyware detection tools, to name a few.
The market for network traffic analyzers will be driven by continuous network infrastructure growth and in-depth perceptibility of network security in the forecast period. The availability of free network traffic tools may function as a stumbling block to the network traffic analyzer market's growth. However, in the foreseeable term, the increasing expansion of global internet protocol traffic and cloud traffic will generate new opportunities in the network traffic analyzer market. The network traffic analyzer market will be driven by the rising popularity of BYOD and IoT in the future.
The growing need for network traffic analyzers in North America is aided by the rising IT industry and expanding cloud facilities in the region. The Network Traffic Analyzer Market is dominated by North America. The reason for this is that technologies like cloud computing and the Internet of Things were adopted early (IoT). Furthermore, North America is home to major infrastructure players such as SolarWinds and Netscout, which contribute significantly to the region's growth. Due to increased industrialization and cloud services in emerging nations such as India and Japan, Asia Pacific is predicted to be the fastest expanding market.
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The major key players in the market are Cisco Systems (U.S.), SolarWinds (U.S.), NETSCOUT SYSTEMS (U.S.), CA Technologies (U.S.), Ipswitch (U.S.), ManageEngine (U.S.), Plixer (U.S.), Colasoft (China), HPE (U.S.), Nokia (Finland), Kentik (U.S.) and Genie Networks (Taiwan).