NEW YORK, July 12, 2021 / PRNewswire / – Due to the increasing prevalence of security breaches and network attacks, rapid digitization in various industries, and increasing volume of network traffic, the demand for network infrastructure optimization is increasing sharply. This, in turn, is propelling the expansion of the global network telemetry market. In addition, the increasing adoption of network telemetry solutions by various companies such as Telefonica SA and the rapid advancements in related technologies such as Artificial Intelligence (AI) and Internet of Things (IoT) are also generating a huge request for network telemetry services. and solutions. Due to these factors, the global level market value of network telemetry went to $ 200 million in 2020, and it is expected to grow even more during 2021-2030, according to market research firm P&S Intelligence.
Due to the imposition of lockdowns by the governments of several countries to mitigate the spread of the COVID-19 virus, the demand for network telemetry services and solutions is increasing, as network telemetry is associated with networking and many businesses are working from home because of the pandemic.
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The Network Telemetry market is categorized into Cloud Service Providers, Telecommunications Service Providers, and Managed Service Providers, based on the end user. Among these, telecom service provider category dominated the market in 2020, and this category is also expected to expand rapidly during the forecast period. This is due to the rapid adoption of network telemetry solutions by various telecommunications service providers such as Telefonica UK Limited to optimize and manage their network infrastructure.
The network telemetry market is also divided into service and solution categories based on the component. Between these, the service category will experience faster growth during the forecast period. This is attributed to the growing demand for training, consulting and maintenance services, due to rapid advancements in technologies such as AI, growing needs for optimized network infrastructure, and growing adoption of network solutions. network telemetry by businesses.
Browse Detailed Report With COVID-19 Impact Analysis On Network Telemetry Market Research Report: By Component (Solutions, Services), Organization Size (Large Enterprises, SMBs), Deployment Mode (cloud, on-premise), end user (Telecom Service Providers, Cloud Service Providers, Managed Service Providers) – Global Industry Analysis and Growth Forecast to 2030 @ https://www.psmarketresearch.com/market-analysis/network-telemetry-market-insights
North America held the largest share of the Network Telemetry market during the historical period (2015-2020), and it will also experience tremendous expansion throughout the forecast period. This is attributed to the existence of several industry players in the region such as Arista Networks Inc., Pluribus Networks Inc. and Juniper Networks Inc. In addition, the increasing competition between industries and the rapid adoption of new technologies. cutting edge such as IoT and AI are also fueling market growth in the region.
Network telemetry market players are increasingly joining forces to strengthen their position in the sector. For example,
In February 2021, Forescout Technologies Inc., which is an enterprise security solutions provider, has partnered with Arista Networks Inc. to deliver faster and more efficient zero-trust defense to organizations. Forescout has integrated its eyeSegment solution with Arista CloudVision, which is the main management platform for Arista’s new Macro-Segmentation Service Group (MSS Group) multi-domain solution architecture.
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In October 2019, Juniper Networks Inc. and Telefonica UK Limited have entered into a partnership, the former becoming the strategic partner of network Internet Protocol (IP). With the help of this partnership, Juniper Networks Inc. aims to develop a secure and automated cloud-based network infrastructure called Fusion Network.
Cisco Systems Inc., Arista Networks Inc., Juniper Networks Inc., Mellanox Technologies Ltd., Barefoot Networks Inc., Pluribus Networks Inc., Solarflare Communications Inc., Marvell Semiconductor Inc., Netronome Systems Inc. and VOLANSYS Technologies Pvt. Ltd. are among the major global players in the network telemetry market.
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SOURCE P&S Intelligence