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Network Telemetry Market Size & Share, by Type (Passive Telemetry, Active Telemetry); Components (Service, Solutions); Deployment Type (Cloud-Based, On-Premise) End-Use (Verticals, Service Providers); Organizational Size (Small, Medium-Sized Enterprise, Large Enterprise); Application (Network Performance Monitoring & Management, Security & Threat Detection) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2024-2036

  • Report ID: 5287
  • Published Date: Oct 03, 2023
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2023 - 2036

Network Telemetry Market size is expected to cross USD 29.5 Billion by the end of 2036, growing at a CAGR of 40% during the forecast period, i.e., 2024 – 2036. In the year 2023, the industry size of network telemetry was around USD 350 Million. The growth of network telemetry is expected to be driven by an increase in network attacks and security breaches, as well as the growing need for quick resolution of down time issues. Cybersecurity statistics show that there are 2 200 cyber-attacks per day, and on average an attack occurs every 39 seconds. The average cost of a data breach in the United States is USD 9.44 million, and cybercrime is expected to cost USD 8 trillion by 2023.

In addition, the need to handle massive network performance data and emerging technologies, such as the internet of things (IoT), artificial intelligence, and software-defined networking (SDN) are expected to offer vast market opportunities for network telemetry vendors in the next 5 years. The number of people in the AI sector will be 97 million by 2025. The size of the market for artificial intelligence is expected to grow by at least 120% year on year.

Network Telemetry Solutions Market Overview
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Network Telemetry Market: Growth Drivers and Challenges

Growth Drivers

  • Growth in R&D investment to Carve Way for Innovation- The increasing number of strategic market collaborations leads to increased allocations for the growth and development of advanced and automated technology tools aimed at managing large volumes of structured and unstructured data. In addition, innovation in ICT will be stimulated by increased levels of R&D investment. The market will also be given a boost by the increased integration of AI and machine learning as a service technologies. The global market for artificial intelligence is expected to increase by more than 120% year over year, with 883% of companies reporting AI as an important part of their business plans.
  • Increasing Number of Industries Globally to Induce Greater Demand and Supply- One major factor that has fostered market growth is the increasing number of SMEs all over the world. Also, the growth rate of the market is directly driven by an increasing number of banks, financial services and insurance (BFSI). Education, energy and utility, government and public sectors, health and life science, manufacturing, retail and e-commerce, telecommunication, IT industries are also major factors in this regard.
  • Many opportunities are presented by the advances in technology- As economies improve, the information and communication technology sector have a lot of room for growth. There is a growing demand for network telemetry as more and more people are using cloud computing services, and investing in new and advanced technologies.

Challenges

  • In the Longer Term, Growing Concerns About Limiting the Scope of Growth- A lack of technical knowledge will make it difficult to grow the market. To some sectors that will restrict market expansion, the existence of this technology is not known. In addition, the absence of business activity because of the coronavirus epidemic will make it more difficult to do so.
  • Market growth will be constrained by complexity linked to the development of cloud deployment models.
  • Insufficient awareness in underdeveloped regions, compatibility issues due to the proliferation of legacy network systems

Network Telemetry Market: Key Insights

Base Year

2023

Forecast Year

2024-2036

CAGR

~ 40%

Base Year Market Size (2023)

 ~ USD 350 Million

Forecast Year Market Size (2036)

 ~ USD 29.5 Billion

Regional Scope
  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Network Telemetry Segmentation

Components (Service, Solutions)

The service segment is anticipated to hold 55% share of the global network telemetry market due to the widespread adoption of network telemetry among enterprises and service providers, resulting in demand for consulting services, integrating and installing devices, as well as training support and maintenance services across the globe. Services are the support provided by a network monitoring company to assist its customers in the efficient use of network telemetry and their maintenance. The mission of the services shall be to train and develop technical expertise so as to upgrade software or platforms at a rapid pace, while assisting customers in integrating them with other IT solutions. Over the next 20 years, worldwide IT spending is expected to rise by about USD 4.66 trillion.

End-Use (Verticals, Service Providers)

Network telemetry market from the service providers segment is anticipated to hold the largest share of about 67% during the forecast period. There is an increasing trend in the adoption of network telemetry by telecom and cloud service providers to manage, analyze, and optimize the entire network infrastructure. Advanced network telemetry can support better network capacity planning and network management features, as well as provide security against malware and distributed denial of service attacks. The demand for network telemetry between service providers is expected to be stimulated by these essential factors.

Our in-depth analysis of the global network telemetry market includes the following segments:

          Type
  • Passive Telemetry
  • Active Telemetry

          Components
  • Service
  • Solutions

          Deployment Type
  • Cloud-Based
  • On-Premise

          End-Use
  • Verticals
  • Service Providers

          Organizational Size
  • Small
  • Medium-Sized Enterprise
  • Large Enterprise

          Application
  • Network Performance Monitoring & Management
  • Security & Threat Detection

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Network Telemetry Industry - Regional Synopsis

North American Market Forecast

The North America network telemetry market is anticipated to hold the largest share of about 34% during the forecast period. The growth of the market in the region is due to the rapid adoption of advanced technologies and infrastructure helping them virtualize their IT infrastructure and facilitate advanced network management. In addition, the rapid changes in IT infrastructure like virtualization and cloud, large-scale network infrastructure deployment in Canada and the US, and technological advances like 5G and 4G technologies that encourage telecom providers to adopt network telemetry at every layer of the network are adding to the network telemetry market growth in the region. By 2028, nearly 400 million subscribers in North America will have subscribed to 5G. In North America, there were 166 million subscribers to 5G in 2022.

APAC Market Statistics

The Asia Pacific network telemetry market is anticipated to hold the second-largest share of about 28% during the forecast period. The demand for network telemetry may be increasing across vertical markets and service providers due to the growing rate of economic digitization, increased real estate industry application, and increased investments in the construction of its infrastructure in this region. As a result, players in the global network telemetry market will focus on increasing their business potential in the region, while also attempting to grow into regions.

Research Nester
Network Telemetry Solutions Market Region
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Companies Dominating the Network Telemetry Market

top-features-companies
    • Cisco Systems
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Juniper Networks
    • Arista Networks
    • Mellanox Technologies
    • Pluribus Networks
    • Barefoot Networks
    • Solarflare Communications
    • VOLANSYS Technologies
    • Nokia Corporation
    • IBM Corporation

In the News

  • September 2019: Arista Networks announced the release of its management software, CloudVision 2019. It provides monitoring, automation, and management apabilities. Moreover, it helps businesses reduce operational costs, increase network agility, and minimize risks.
  • October 2019: Juniper Networks partnered with Telefonica, UK, to build a secured and automated cloud-enabled network infrastructure, which is known as the Fusion Network. As per the partnership, Juniper Networks is the network Internet Protocol (IP) strategic partner for Telefonica.

Author Credits:  Abhishek Verma, Hetal Singh


  • Report ID: 5287
  • Published Date: Oct 03, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Increase in network attacks and security breaches and need to handle massive network performance data are the major factors driving the growth of the network telemetry market.

The market size of network telemetry is anticipated to attain a CAGR of 40% over the forecast period, i.e., 2024 – 2036.

The major players in the market are Juniper Networks, Arista Networks, Mellanox Technologies, Pluribus Networks, Barefoot Networks, Solarflare Communications, VOLANSYS Technologies, Nokia Corporation, IBM Corporation, and others.

The service segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.

The market in the North America region is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.
Network Telemetry Market Report Scope

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