August 25, 2020
According to the research report titled ‘Network Emulator Market Size By Component, By Application, Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2020 – 2026’, available with Market Study Report, global network emulator market is expected to register considerable growth during 2020-2026.
Rapid digitalization and expansion of network capacities among various high-growth industries is a major factor driving the growth of network emulator market. It is to be noted that real-life digital networks are complex systems that are required to adapt to changing conditions. These systems also need to have flexible routes and competing applications.
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Without insights pertaining to performance level and capabilities, the risk of deployment associated problems increases. Thus, growing demand for network emulators in order to acquire accurate infrastructure performance measurement before being deployed is aiding the market expansion.
Elaborating on the application spectrum, the report states that others segment is predicted to expand with a CAGR of 4% between 2020 and 2026. Rising adoption of VoIP solutions in various industry verticals is fueling the segmental share.
As per industry verticals, the retail sector is expected to account for 10% market share by the year 2026. Rising incorporation of advanced networking technologies such as NFV and SD-WAN in retail networks is augmenting the demand for network emulators, thereby favoring the market outlook.
Regionally, Latin America network emulator industry is anticipated to witness a y-o-y growth rate of 10% through 2026. Inclination towards adopting cloud computing technologies across several enterprises is fostering the regional demand for network emulators.
On the other hand, the network emulator market in Middle East & Africa is set to record 5% CAGR during 2020-2026. Rising adoption of IoT (Internet of Things) devices in tandem with increasing number of smart city projects are facilitating the business scenario in the Middle East & Africa.
The prominent companies operating in worldwide network emulator market are Spirent Communications Plc, SolarWinds Inc., SCALABLE Network Technologies Inc., Polaris Networks Inc., PacketStorm Communications Inc., Keysight Technologies Inc., iTrinegy Ltd., InterWorking Labs Inc., Calnex Solutions Ltd., and Apposite Technology Inc. among others.