According to the business intelligence report titled ‘GLOBAL Network Traffic Analytics Market 2019-2028’, available with Market Study Report, global network traffic analytics market is estimated to expand at a robust compound annual growth rate of 23.05% during 2019-2028.
 

Escalating demand for uninterrupted visibility in networks coupled with rising incidence of DDOS (Distributed Denial of Service) as well as ransomware attacks are fostering global network traffic analytics market growth.
 

Request sample copy of this Report: https://www.marketstudyreport.com/request-a-sample/3552852/
 

Introduction of IoT technologies in network infrastructure, innovative product launches, high cybersecurity budget allocations, and strategic alliances among key players are further propelling the market expansion.
 

In addition to this, growing concerns regarding cybersecurity as well as ransomware attacks followed by imposition of stringent rules & regulations pertaining to network security are positively swaying global network traffic analytics market dynamics.
 

Despite the positive outlook of the industry vertical, lack of skilled professionals along with availability of convenient alternatives such as open-source network traffic analytics solutions are likely to hamper industry growth throughout the forecast duration.
 

Speaking of geographical reach, the market spans across Europe, North America, Middle East & Africa, Asia-Pacific, and Latin America.
 

Among these, Asia-Pacific network traffic analytics market is anticipated to grow significantly through 2028, owing to increasing internet penetration, surging adoption of smartphones, growing prevalence of cyberattacks, and rising disposable incomes in India, Japan, and China.
 

Key participants operating in the business space are Juniper Networks Inc., Cisco Systems Inc., Palo Alto Networks Inc., InfoVista SA, SolarWinds Worldwide LLC, Broadcom Inc. (Symantec), Allot Ltd., LogRhythm Inc., Flowmon Networks, Nokia Corporation, IBM Corporation, Kentik, Microsoft Corporation, Huawei Technologies Co. Ltd., and Genie Networks Ltd.