Network Telemetry Market Trends

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)

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 â€“ 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 Trends