![]() ![]() Surging demand for cloud-based software will drive the demand for network traffic analysis.įurthermore, the volumes of data being exchanged over the data networks show no signs of abating as organizations are aggressively adopting remote working and work-from-home practices in the wake of the outbreak of the pandemic as part of the efforts to ensure the safety of the employees. However, the growing awareness and need for improved visibility into devices connecting to the network drive the market growth. The pandemic and the effort to control it have slowed global economic activity and reduced the efficiency of normal business activity. The outbreak of the COVID-19 pandemic and the subsequent lockdowns and restrictions imposed in different parts of the world as part of the efforts to arrest the spread of coronavirus has had a moderate impact on network traffic analysis. Continued cloud migration, IoT deployments, and 5G rollouts also bode well for the growth of the market. The growing internet penetration rate and the subsequent rise in cybercrimes are expected to contribute to the market growth. The growth can be attributed to the rising need for proper network administration in line with the growing network complexities. ![]() ![]() The global network traffic analysis market size was valued at USD 2.49 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 9.7% from 2021 to 2028. ![]()
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