The network telemetry market is anticipated to have a significant CAGR of 15.2% during the period of 2022 to 2032. The network telemetry market is predicted to grow from USD 368.7 Million in 2022 to USD 1.5 Billion in 2032. Previously, the market was thriving at a higher CAGR of 53.3% (2015 to 2021), resulting in a market size of USD 267.0 Million in 2021.
Increased investment in research & development would pave the way for information technology breakthroughs to take the network telemetry market forward.
Increased network attacks and security breaches, as well as a growing requirement to promptly remedy downtime issues, are projected to propel the network telemetry market forward. During the forecast period, the need to handle enormous network performance data and developing technologies like the Internet of Things (IoT), Artificial Intelligence (AI), and Software-Defined Networking (SDN) are expected to provide network telemetry suppliers with numerous market opportunities.
| Attributes | Details |
|---|---|
| Network Telemetry Market CAGR (2022 to 2032) | 15.2% |
| Network Telemetry Market Size (2022) | USD 368.7 Million |
| Network Telemetry Market Size (2032) | USD 1.5 Billion |
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Increased funding for the growth and development of advanced and automated technology/machinery to manage large volumes of structured and unstructured data has resulted from an increase in strategic market alliances, boosting the demand for network telemetry.
Increased investment in Research and Development capabilities would pave the path for information technology advances. The network telemetry market will benefit even more from the increased integration of artificial intelligence and machine learning technology. One of the factors driving the network telemetry market growth is the increasing number of small and medium-sized businesses around the world.
In other words, the market's growth rate is directly influenced by the increased number of retail and e-commerce, banking, financial services, and insurance (BFSI), education, government and public sector, healthcare and life sciences, manufacturing, energy and utilities, telecommunications, and IT industries.
The growth of network telemetry market value is fueled by rising modernization, urbanization, and globalization. Rising investment in labor management and quality control, as well as a strengthening IT industry in developing nations like India and China, would provide a plethora of prospects for network telemetry market expansion.
Other network telemetry market growth variables include the expansion of industrial infrastructure and the rising necessity to manage compliance contracts and rules. Furthermore, in the projected period, the increasing spread of high-speed internet in developing economies would provide profitable prospects for network telemetry market players.
The growing need to defend an organization's network from unauthorized and unusual strikes will drive the market's future expansion.
The network telemetry market's expansion will be hampered by a lack of technical skills. Furthermore, many companies are unaware of the technology's existence, which will limit the adoption of network telemetry. Furthermore, the cessation of corporate activity due to the coronavirus pandemic will generate new obstacles.
The network telemetry market is segmented into components, organizational size, end-use, and region.
According to FMI, based on the component, the solution segment has the highest potential in the network telemetry market, with an anticipated CAGR of 14.6% during the forecast period. This growth can be due to the widespread adoption of network telemetry solutions among businesses and service providers. The benefit of network telemetry solutions is that they lower network management expenses, while also lowering IT expenditures.
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Service providers are likely to hold a greater market share in the network telemetry market by end-user, with a CAGR of 15% expected over the forecast period. Telecom and Cloud Service Providers (CSPs) are increasingly using network telemetry systems to manage, analyze, and improve their whole network infrastructure.
Advanced network telemetry systems can help with network capacity planning and management, as well as provide protection against malware and DDoS attacks. Service providers are projected to seek network telemetry solutions as a result of such essential issues.
| Regions | CAGR (2022 to 2032) |
|---|---|
| United States | 15% |
| United Kingdom | 14.3% |
| China | 14.7% |
| Japan | 14.2% |
| South Korea | 13.7% |
Due to the rapid adoption of modern technologies and infrastructure that helps them virtualize their IT infrastructure and permit improved network management, the US is predicted to develop at the fastest CAGR of 15% throughout the projection period. Rapid changes in IT architecture, such as cloud and virtualization, have put a great amount of demand on network administrators to manage their networks.
The demand for network telemetry solutions is likely to rise across verticals and service providers as a result. During the forecast period, China and Japan will continue to have significant growth, with CAGRs of 14.7% and 14.2%, respectively.
This is due to the growing rate of economic digitalization, increased real estate industry application, and increased investments in the construction of IT infrastructure in this region. As a result, players in the global network telemetry market will focus on increasing their business potential in the region, while also attempting to grow into new regions.
Due to the increased adoption of telemetry solutions for cloud network analysis and security management, the network telemetry market in Europe held a large revenue share of over 25% in 2019. The increased use of telemetry technologies to assist data center virtualization in the United Kingdom and Germany has boosted market growth.
European cloud computing SMEs are increasingly embracing telemetry technologies for effective network management and the reduction of cybersecurity regulation violations, which is affecting the market growth.
Players in the network telemetry market are primarily focused on the creation of creative and efficient goods. The findings illustrate how rivals are capitalizing on the potential in the network telemetry market. The following are some of the most recent advancements in the network telemetry market:
The network telemetry market is projected to have a CAGR of 15.2% during the forecast period.
The USA is the leading region, with an anticipated CAGR of 15% through 2032.
Solutions leads the market with the projected CAGR of 14.6% through 2032.
The network telemetry market is predicted to grow to USD 1.5 billion by 2032.
Service providers lead the market with the projected CAGR of 15% by 2032.
| Estimated Market Value (2022) | USD 2.4 Billion |
|---|---|
| Projected Market Value (2033) | USD 35.3 Billion |
| CAGR (2023 to 2033) | 27.8% |
| Market Value (2022) | USD 3.5 Billion |
|---|---|
| Market Anticipated Value (2032) | USD 13.5 Billion |
| Market Growth Rate (2022 to 2032) | 14.2% |
| Market Size (2022) | USD 368.7 Million |
|---|---|
| Market Size (2032) | USD 1.5 Billion |
| Market CAGR (2022 to 2032) | 15.2% |
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