Network Telemetry Market Size

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.