The global network analytics market is forecast to grow at a CAGR of 25.68% during the period 2016-2020.
The report has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
One trend which is boosting market growth is the increased need for Wi-Fi offload. Wi-Fi and limited radio access capacity has changed the consumer behavior and the way consumers access services on telecom networks. This has generated a boom in Wi-Fi offloading, which has become a dominant access technology for smartphones. For example, approximately 40% of total smartphone traffic runs over a cellular data network, and the rest runs over the Wi-Fi. There are different types of offloading including private offload, public offload, and carrier-class Wi-Fi. Private offload uses home or office Wi-Fi, whereas public offload uses a standard Wi-Fi hotspot model.
According to the report, a key growth driver is the increased adoption of the bring-your-own-device concept. The need for uninterrupted connectivity between a corporate network and employee devices has increased the demand for mobile devices. We estimate that the US mobile workforce was more than 50 million, which was 38.46% of the global mobile workforce in 2015 and will grow at a CAGR of 14.87% by 2020. The global mobile workforce was approximately 1.3 billion in 2015 and will reach approximately 1.64 billion by 2020. The growing mobile workforce has led to employees using their personal portable devices such as smartphones, laptops, and tablets to access and store confidential information.
Further, the report states that one challenge that could hamper market growth is the high cost of deployment. Many organizations, especially SMBs, do not have proper network analytics solutions in place because of budget constraints.
Accenture Cisco Systems Hewlett Packard Enterprise IBM Juniper Networks SAS Institute
Key Topics Covered:
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by end-user
PART 07: Market segmentation by region
PART 08: Buying criteria
PART 09: Market drivers
PART 10: Impact of drivers
PART 11: Market challenges
PART 12: Impact of drivers and challenges
PART 13: Market trends
PART 14: Five forces model
PART 15: Vendor landscape
PART 16: Description of major vendors
For more information visit http://www.researchandmarkets.com/research/k27sk5/global_network
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SOURCE Research and Markets