What is Network Telemetry Market?
Network telemetry market will have a positive impact with the introduction of new networking technology and growing investments aimed at expanding the IT infrastructure.
Network telemetry is popularly known as an efficient way of gathering information from network devices and facilities and eventually transmitting it to receiving end devices for further study.
Compared to conventional technology, it offers improved accuracy, coverage, performance and scalability. Network telemetry can provide real-time analysis of operational as well as security risks for companies.
With a significant number of workers currently using remote and limited access to operate from home, due to ongoing corona virus outbreak, an excess pressure and strain has been placed on business networks.
What is the forecast in the next two years?
The global NTM 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 percent during the forecast period, according to a research report published by MarketsandMarkets.
Primary factors expected to drive the growth Network Telemetry Market are a growing need for in-depth visibility in network security and service quality, and growing network infrastructure.
Further, exponential growth in traffic and cloud traffic in the global Internet Protocol and prominence of the Internet will boost the process. Things are also expected to offer vast market opportunities for Network Telemetry Market in the next 5 years.
Small and medium-sized enterprises ( SMEs) are projected to expand at a higher rate of growth over the forecast period; by organisational scale. Network telemetry technologies and services allow large organisations to control their day-to-day business operations based on the network.
Which region has the highest market share?
The Global Network Telemetry market is classified geographically into Asia-Pacific, North America, Europe, Middle East & Africa and South America.
North America leads the global network telemetry market in terms of market share. Some of the factors responsible for market growth include continuous investment and focus on network infrastructure optimization.
Europe dominates the second place in the market. For this analysis, Europe has been segmented into the United Kingdom, Germany , France and the rest of Europe. The UK is predicted to take the largest market share, followed by Germany and France, according to MRFR research.