Network Analytics Market (Mobile, VOIP and Fixed Line, Unified Communications) Expected to reach $1672.5 Million & to grow at a CAGR of 27.9% by 2018
(PRWEB) November 22, 2014 -- The report "Network Analytics Market by Applications, by End Users - Global Advancements, Forecast to 2018", defines and segments the global market into various sub-segments.
Browse 91 Market Data Tables and 31 Figures spread through 194 Pages and In-Depth Table of Content on "Network Analytics Market”.
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MarketsandMarkets has segmented the network analytics market by
• Type of Deployments: on-premise and on-demand
• Type of Applications: mobile, Voice Over Internet Protocol (VOIP) and fixed line, unified communications, and others
• Type of End-users: cloud service providers, telecommunications, and other enterprises
• Regions: North America (NA), Asia Pacific (APAC), Europe (EU), Middle East and Africa (MEA), and Latin America (LA)
Communication Service Providers (CSPs) are observing tremendous amount of data running across their networks due to the rapid increase in adoption of mobile devices across all regions. MarketsandMarkets observes that, to tackle this situation, service providers are expected to continue to adopt solutions which are able to facilitate them via monitoring, analyzing, and providing valuable intelligent insights out of the historic and real-time data running across their network while ensuring the best possible performance.
MarketsandMarkets observes companies such as Sandvine, Danaher Corporation, Empirix, JDSU, Cisco, and Accenture as the key players in the network analytics market. Many other companies including Ascom, Calix, Allot Communications, and others are increasingly providing innovative network analytics solutions.
Network analytics solutions are also being used by cloud service providers and organizations belonging to verticals other than telecom which includes Information Technology (IT), healthcare, government, defense, manufacturing, media and entertainment, Banking, Financial Services, and Insurance (BFSI) among many others. The adoption of cloud applications across a range of verticals is expected to increase the burden on networks which in turn will further drive the deployment of network analytics solutions across enterprise networks in the coming years.
The North American market has already seen the deployment of network analytics solutions due to the rapid adoption of connected devices in the region. In the near future, MarketsandMarkets expects the market for network analytics to surge in emerging economies such as Asia Pacific (APAC) and Middle East and Africa (MEA) region due to continual growth in the number of mobile devices by the huge population across these economies.
MarketsandMarkets expects North America to retain its position as the highest revenue generator for network analytics market, while significant revenue growth is expected from APAC and MEA region. MarketsandMarkets forecasts the global network analytics market to grow from $487.9 million in 2013 to $1672.5 million in 2018, at a Compound Annual Growth Rate (CAGR) of 27.9% from 2013 to 2018.
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