The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including Network Traffic Analyzer Market. It was estimated prior to this unanticipated outbreak Network Traffic Analyzer Market will reach CAGR of 10.5% during the forecast period. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.
Network Traffic Analyzer Market Insights Network Traffic Analyzer Market is likely to witness an impressive CAGR of 10.5% during the forecast period. The major factor fueling the network traffic analyzer market is the growing need for enhanced network management systems for handling the complexities occurring due to increased network traffic.
Market Share Analysis Network Traffic Analyzer Market Share: By Component Type Based on the component type, the market is segmented as solutions and professional services. Solutions are the result of combined sensors, virtual machines, and software that help in carrying out network analyzing operations. These solutions also collect data regarding the time it takes to respond in interactions between clients and servers including the connectivity-level and application-level transactions. This metadata helps the administrators to regulate the network traffic in different areas and it also enables them to handle and solve the issues related to network and application by determining the reason of slowdowns, bottlenecks, and downtime.
Network Traffic Analyzer Market Share: By Deployment Mode Type Based on the deployment mode type, the market is segmented physical, virtual, and cloud. Virtual mode is estimated to account for the largest share of the market during the forecast period. Virtual sensors are generally installed over virtual machines in the software-defined environment to monitor the flow of traffic. Usually, the virtual deployment model is of large scale, and can be easily installed over different platforms and within remotely located office premises and also, in other large manufacturing areas. Virtualized Network Function Infrastructure has been implemented on a large scale by the organizations to enable easy installation and scalability.
Network Traffic Analyzer Market Share: By End-User Type Based on the end-user type, the network traffic analyzer market is segmented as service providers and enterprises. The enterprise segment is expected to be the faster-growing end-user type in the market during the forecast period. The network traffic analyzer solution offers excellent features such as improved network efficiency through centralized management, enhanced information technology agility, and network customization through fast and reliable application services, which is increasing the adoption of these analyzers by the enterprise customers.
Network Traffic Analyzer Market Share: By Region In terms of regions, North America held the largest share of the market in 2019, and has high growth potential for investments and opening up of new opportunities for the adoption of complex network infrastructure in the market during the forecast period. Modernization and adoption of technologies such as cloud computing and Internet of Things are some of the major factors supporting the North American market. Asia-Pacific and Europe are also expected to offer substantial growth opportunities during the forecast period.