Network Telemetry Market Overview
Network Telemetry is a framework that allows the collection and reporting of network state, through a data plane, without intervention or work by the control plane. The rise in demand for network infrastructure optimization is driving the Network Telemetry Industry.
Another key driving factor is the rise of security breaches and network attacks and the need to provide effective solutions for downtime issues. The increased rate of adoption of network telemetry in small and medium-sized enterprises is highly boosting the market expansion. The market is undergoing a dynamic transition as advancements in network architecture and emerging networking technologies are rising the demand for efficient telemetry solutions.
An increase in industry competition is pressuring the enterprises to reduce network downtimes to ensure a competitive edge. This factor is leading to a higher demand for network telemetry tools. The adoption of technologies with innovative and advanced solutions such as the artificial intelligence internet of things and others are the factors that will propel the market’s demand in the future years. The rising opportunities will fuel up the market growth rate, such as the requirements for handling massive network performance data and optimizing operational processes will propel the market.
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The other essential factors accelerating the Network Telemetry Market are an increase in the number of network-related attacks and data security breaches. The key industrial player’s development will advance the market growth. The Network Telemetry Market is predicted to reach 39.4% CAGR and a value of USD 826.1 Million by 2025 during the evaluation period.
Network Telemetry Market Segments
The Network Telemetry Market is segmented based on component, end-user, and organization size.
The component section of the market is divided into solutions and services. The services part is categorized into integration and deployment, consulting, and support and maintenance.
The end-users section of the market is comprised of service providers and enterprises. The service providers include cloud service providers, telecom service providers, managed service providers, and others.
The organization size type of the network telemetry market is classified into large enterprises and small and medium-sized enterprises.
Network Telemetry Market Regional Analysis
According to the geographical report, the Network Telemetry Market covers major continents worldwide, such as the North American region, European region, Asia Pacific, the Middle East and Africa, and The South American region.
North America is anticipated as the leading region with maximum market share. The presence of prominent industrial players is boosting up the regional market. Other factors propelling the regional market are a continuous higher investment and a focus on optimizing the network infrastructure.
Followed by North America, the European market occupies the second position in the market. The major regions accelerating the regional market of Europe are the UK, Germany, France, and the rest of Europe. According to the report, the UK holds the highest market share, followed by Germany and France. The rise in need to solve the downtime issues is propelling the regional market of Europe.
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The Importance of Report
- To provide a thorough examination of the market structure, as well as predictions for the major segments and sub-segments of the global Network Telemetry market during the forecast period.
- To provide information on the factors that influence market growth.
- To conduct an initial analysis of the global Network Telemetry market utilizing various techniques, including Supplier Evaluation and Porter’s Five Forces Analysis.
- Provide historically and projected revenue for market segments and sub-segments based on regions and key countries.
- To provide country-specific market analysis in terms of current market size and prospects.
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