In this digital age, almost every transaction or process is online, which makes recording every activity quite easy. Data is considered to be the fulcrum of every process today, without which, no business is able to operate efficiently. Many of the strategies undertaken today are the outcome of the data patterns generally followed by companies.
Market Research Future (MRFR) predicts that the global network telemetry market 2020 can expect to progress at an astonishing rate of 39.4% over the forecast period (2018 to 2025).
The market can attain a valuation of $826.1 Million by the end of 2025, estimates MRFR.
Apcela (US), Barefoot Networks (US), Juniper Networks (US), Mellanox Technologies (US), VOLANSYS (US), Pluribus Networks (US), Arista Networks (US), Barefoot Networks (US), Marvell Semiconductor, Inc. (US), Cisco Systems Inc. (US), Anuta Networks (US), Waystream AB (Sweden), Solarflare Communications (US), Netronome (US), Google (US), are the top contenders in the network telemetry market.
Market Boosters and Main Barriers
Therefore, data plays a critical role in businesses everywhere.
That being said, with the increasing importance of the data that is obtained from digital transactions, the need to boost it security also becomes essential, which organizations now understand.
This outlines the importance of different products included in the global network telemetry market.
The network telemetry market is marked with various product launches and innovations.
The market is buzzing with numerous advanced products coming to the fore, which keeps the players on their toes. For instance, in September 2019, Arista Networks launched its management software called CloudVision 2019.
This latest offering by the company provides management, monitoring and automation capabilities.
In addition, it helps companies bring down the operational costs and also enhance the network’s agility, besides curtailing risks.
An exciting trend emerging in the global market has led to a wave of anticipation among players who are striving to get a hold of any growth opportunity.
This trend refers to the rapidly expanding range of applications of network telemetry.
For this reason, a large number of vendors are continuously coming up with new products to ensure their prominence in the race.
With the emerging applications, the demand for better quality products is expected to rise in the network telemetry market.
Companies are constantly roping in the best talent that can help them develop high-quality products, benefitting the market in the process.
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The Network Telemetry Market segmentation comprises component, end user and organization size.
The components covered by MRFR analysts are solutions as well as services.
The services segment can be narrowed down to integration and deployment, consulting, and support and maintenance.
The primary end users identified in the report are enterprises and service providers.
The service providers in the market are managed service providers, cloud service providers, telecom service providers, and others.
The segments that are based on the organization size are large enterprises along with small- and medium-sized enterprises.
Global market for Network Telemetry has been regionally dissected into Asia Pacific (APAC), Europe, the Middle East & Africa, South America and North America.
The network telemetry market share in North America is estimated to be the largest, given the dense concentration of renowned solution providers like Cisco Systems Inc., Arista Networks, Mellanox Technologies, Marvell Semiconductor, Inc., Juniper Networks, Google, Pluribus Networks, VOLANSYS, Solarflare Communications, Barefoot Networks, Anuta Networks, Netronome, Barefoot Networks and Apcela, to name a few.
Moreover, the vendors are constantly trying to enhance their business potential, not only in the region but also in new areas.
Europe has secured the second-leading position in the global market, with the top countries identified as Germany, UK, and France. However, the UK can soon be the reigning market for network telemetry in the region, thanks to the mounting need to quickly handle downtime issues.