A number of factors, such as the growing network traffic, escalating digitalization rate, mounting demand for the optimization of the networking infrastructure, and rising incidence of network attacks and security breaches will contribute to the network telemetry market growth during the forecast period (2021–2030). According to P&S Intelligence, the market generated $300 million in 2020.
Moreover, the rising advancements in the internet of things (IoT) and artificial intelligence (AI) domains will support market growth across the world. The soaring number of network attacks and security breaches, owing to the rising penetration of the internet, is one of the key growth drivers for the market. Cyberattacks on businesses result in huge data and financial losses.
Cybercriminals are hacking and stealing data from multiple sources in the workplace, such as IoT- and AI-enabled devices, which are associated with a centralized network. Besides, the accelerating digitization rate in business organizations drives the global demand for network telemetry solutions, as the key factor allowing cybercriminals to prosper is the rising internet access.
Another growth driver for the network telemetry market is the burgeoning demand for the optimization of the networking infrastructure, owing to the increasing internet traffic and surging need to solve downtime issues. For example, when real-time data is transmitted to multiple locations through network devices, the server becomes unavailable for some time, thereby resulting in downtimes.
To overcome this challenge, end users are focusing on the optimization of the infrastructure, which can be achieved by deploying network telemetry solutions. This market research report provides a comprehensive overview of the market
- The Future potential of the market through its forecast for the period 2020– 2030
- Major factors driving the market and their impact during the short, medium, and long terms
- Market restraints and their impact during the short, medium, and long terms
- Recent trends and evolving opportunities for the market participants
- Historical and the present size of the market segments and understand their comparative future potential
- Potential of on-demand logistics services, so the market players make informed decisions on the sales of their offerings