Network Telemetry Market Segmentation:
Components Segment Analysis
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 Segment Analysis
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:
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