The latest market report published by Acute Market Reports “Network Traffic Analyzer Market: Growth, Future Prospects, and Competitive Analysis, 2023 - 2030” the global market is worth US$ 1.41 Bn in 2021 and expected to grow at a CAGR of 9.5% during the forecast period from 2023 to 2030.

Market Insights

"Data security driving the demand for network traffic analyzer tools demand"

A rapid increase in data traffic from smartphones, tablets, and the emergence of IoT has increased the demand for network traffic analyzer tools in the recent past. The increasing penetration of the internet and its growing use in the banking & financial sector has increased the threat of cyber-attack. To counter the risk of these malicious attacks originating from the internet, the enterprises are swiftly deploying network optimization tools in their organizations. This has positively impacted the global network traffic analyzer market in 2021. 

Further, rising need of maintaining the quality of service & experience, and to avoid network failure, enterprises are adopting network traffic analyzer tools. Further, organizations are utilizing network optimizing tools to make well-organized decisions for network planning. Growing concern about network security and improving business efficiency, there is a high demand for the network traffic analyzer market in 2021. 

Overall, the global network traffic analyzer market was US$ 1.41 Bn in 2021 and expected to reach US$ 3.0 Bn in 2030, growing with a CAGR of 9.5% from 2023 to 2030. 

Browse the full report at https://www.acutemarketreports.com/report/network-traffic-analyzer-market

The overall network traffic analyzer market is highly competitive in nature and it is growing at a moderate rate. Market players are adopting strategies such as new releases and upgrading their current software technology to stay competitive in the market. Some of the leading global players included in the reports are Colasoft (U.S.), Kentik (U.S.), NetVizura (Serbia), etc. among others. 

Industrial Developments

• In February 2020, Cisco Systems, Inc., introduced Cisco SecureX that can unify visibility across the entire security portfolio and third-party security tools. With this new launch, an end-user can quickly identify any unknown threat to their network and helps to strengthen network security across clouds and application deployments. 

• In April 2021, Colasoft announced the release of Capsa Network Analyzer v9.5. It is portable and capable to provide new real-time analysis. It can be used for wired or wireless monitoring and troubleshooting of network, and bandwidth analysis. With this new version, the company has enhanced the usability of the Capsa network analyzer. 

• In February 2021, Kentik, the SaaS-based network traffic intelligence company, announced an update to Kentik Detect®, its network analytics platform. These updates make ease of use for fast network insights providing real-time actionable intelligence to enterprises. 

Key Market Movements:

• The global network traffic analyzer market estimated to grow with a CAGR of 9.5% from 2023 to 2030. 

• Base on deployment, the service segment is estimated to grow at the fastest rate during the forecast period. 

• Based on end-use, BFSI segment captured the major market share of the global market. Cybersecurity threat and government regulations are driving the demand from the BFSI segment. 

• Based on region, North America is the largest region of the global network traffic analyzers market in 2021. However, Asia Pacific is expected to grow at the fastest rate from 2023 to 2030. 

List of Companies Covered:

• Colasoft
• Kentik
• Progress Software Corporation
• Opmantek
• Nokia
• SolarWinds Worldwide, LLC
• NetVizura
• Plixer, LLC
• Cisco Systems, Inc.
• Dynatrace LLC
• ExtraHop Networks
• Sandvine
• Manage Engine (Zoho Corp.)
• Nagios Enterprises, LLC
• LiveAction
• NETSCOUT
• and among others

The Global Network Traffic Analyzer Market is Segmented into:

*Complete segmentation list is on a report page