Network Telemetry Market 2024 - Global Driving Factors, Top Manufacturers, Growth Opportunities And Forecast To 2033

 

Overview and Scope

Network telemetry refers to the process of collecting and analyzing data from network devices and infrastructure to gain insights about network performance, security, and operational efficiency. This process enables the detection of abnormal behavior or suspicious activities on the network, such as unusual traffic patterns, unauthorized access attempts, or security breaches. It also allows for a better understanding of network operations by gathering information about routers, switches, servers, and applications to gain insights into their functionality and data flow.

 

Sizing and Forecast

The network telemetry market size has grown exponentially in recent years. It will grow from $0.49 billion in 2023 to $0.69 billion in 2024 at a compound annual growth rate (CAGR) of 40.3%.  The  growth in the historic period can be attributed to growth in penetration rate of high speed internet, rising adoption of advanced technologies by small scale industries, rising research and development of network technologies, rising modernization, and growing industrial infrastructure.

 

The network telemetry market size is expected to see exponential growth in the next few years. It will grow to $2.7 billion in 2028 at a compound annual growth rate (CAGR) of 40.5%.  The growth in the forecast period can be attributed to increasing security breaches, demand for network infrastructure, rising globalization, penetration rate of network enabled devices, and rising digitization. Major trends in the forecast period include innovation in network performance data, rising adoption of emerging technology such as IoT, AI, and SDN, technological functional system enhancements, and innovative telemetry solution to improve company operations.

 

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Segmentation & Regional Insights

The network telemetry market covered in this report is segmented –

1) By Components: Service, Solutions

2) By Deployment Type: Cloud-Based, On-Premise

3) By Organizational Size: Small Medium-Sized Enterprise, Large Enterprise

4) By End-Use: Verticals, Service Providers

 

North America was the largest region in the network telemetry market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the network telemetry market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

 

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Major Driver Impacting Market Growth

The increasing number of network assaults and security breaches is expected to propel the growth of the network telemetry market going forward. Network assaults and security breaches refers to unauthorized access or manipulations of digital systems. The proliferation of internet-connected devices, including smartphones, IoT devices, and smart appliances, has expanded the attack surface for cybercriminals. With more devices connected to networks, there are more potential entry points for attackers to exploit vulnerabilities and gain unauthorized access. Network telemetry is used to enhance threat detection, incident response, and forensic analysis by leveraging real-time, high-fidelity network data for comprehensive visibility and proactive defense strategies. For instance, in January 2023, according to a report by Check Point, an Israel-based software security provider, there was a 38% surge in global cyberattacks in 2022 compared to 2021. The communications industry experienced an average of 1,380 attacks per organization per week, marking a 27% increase compared to 2021. Similarly, the Internet service provider/managed service provider (ISP/MSP) industry encountered an average of 1,372 attacks per organization per week in 2022, reflecting a 28% increase from the previous year. Therefore, the increasing number of network assaults and security breaches is driving the growth of the network telemetry market.

 

Key Industry Players

Major companies operating in the network telemetry market are Verizon Communications Inc., Huawei Technologies Co. Ltd., Accenture plc, International Business Machines Corporation, Cisco Systems Inc., Oracle Corporation, SAP SE, Hewlett Packard Enterprise Company (HPE), Salesforce Inc., Tata Consultancy Services Limited, Capgemini SE, Cognizant, Infosys Limited, Lumen Technologies Inc., Telstra Corporation Ltd., VMware Inc., Wipro Ltd., Tech Mahindra Ltd., Palo Alto Networks Inc., Juniper Networks Inc., Amdocs Limited, Arista Networks Inc., Genpact Ltd., Netcracker Technology Corp., VOLANSYS Technologies

 

The network telemetry market report table of contents includes:

1. Executive Summary

2. Network Telemetry Market Characteristics

3. Network Telemetry Market Trends And Strategies

4. Network Telemetry Market - Macro Economic Scenario

5. Global Network Telemetry Market Size and Growth

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32. Global Network Telemetry Market Competitive Benchmarking

33. Global Network Telemetry Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Network Telemetry Market

35. Network Telemetry Market Future Outlook and Potential Analysis

36. Appendix

 

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