Network Telemetry
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What Is the Expected CAGR for the Network Telemetry Market Through 2025?
The size of the network telemetry market has seen significant expansion in the past few years. It’s projected to increase from $0.69 billion in 2024 to $0.97 billion in 2025, experiencing a compound annual growth rate (CAGR) of 40.8%. The advancements in the historic span can be credited to the enhanced infiltration rate of high-speed internet, the adoption of cutting-edge technologies by small scale industries, increased research and development in network technologies, ongoing modernization, and expanding industrial infrastructure.
What’s the Projected Size of the Global Network Telemetry Market by 2029?
It is projected that the network telemetry market will experience an immense escalation in size over the upcoming years. The market is set to reach a worth of $3.79 billion in 2029 with a Compound Annual Growth Rate (CAGR) of 40.5%. This expected growth during the forecast period is linked to the increase in security breaches, desire for network infrastructure, rising globalisation, the growth rate of network-enabled devices and escalating digitisation. Prominent trends during the estimated period encompass innovation within network performance data, a surge in the adoption of cutting-edge technologies like IoT, AI and SDN, advancements in technological functional systems, and the development of innovative telemetry solutions to augment company operations.
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Top Growth Drivers in the Network Telemetry Industry: What’s Accelerating the Market?
The rise in network attacks and security infractions is anticipated to contribute significantly to the expansion of the network telemetry market. Network attacks and security infractions relate to unauthorized activities or manipulations of digital systems. The ubiquity of internet-enabled devices, such as smartphones, IoT devices, and smart home appliances, has broadened the potential targets for cybercriminals. As more devices get interconnected, they form more potential access points for culprits to exploit weaknesses and gain unauthorized admission. Network telemetry is then applied to improve threats detection, incidents response, and forensic scrutiny by utilizing real-time, high-quality network data for comprehensive visibility and proactive defense strategies. For instance, a January 2023 report by Check Point, an Israel-based software security provider, showed a 38% increase in global cyberattacks in 2022 compared to 2021. The communications industry registered an average of 1,380 attacks per organization per week, marking a 27% increase from 2021. Likewise, the Internet service provider/managed service provider (ISP/MSP) industry experienced an average of 1,372 attacks per organization per week in 2022, showing a 28% surge compared to the previous year. Thus, the escalating number of network attacks and security infractions is fueling the growth of the network telemetry market.
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What Trends Will Shape the Network Telemetry Market Through 2029 and Beyond?
Leading players in the network telemetry market are concentrating on the creation of cutting-edge solutions like cloud solutions, aimed at enhancing autonomous operations. Such a platform facilitates real-time tracking and evaluation of network traffic, a pivotal aspect for firms to assure network safety, identify threats, and improve efficiency. For instance, Altice Labs SA, a telecom equipment firm based in Portugal, introduced the NOSSIS one network telemetry platform, a cloud solution to expedite autonomous operations for digital service providers (DSPs) in March 2023. The objective of this platform is to aid networks in operating autonomously with as little human involvement as possible by utilizing autonomic processes. The NOSSIS one platform incorporates the Altaia network mediation framework and endorses sophisticated network data gathering, underlining the significance of virtual, programmable networks, and self-orchestrated OSS systems.
What Are the Main Segments in the Network Telemetry Market?
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
Subsegments:
1) By Services: Consulting Services, Integration Services, Support And Maintenance Services, Training And Education Services
2) By Solutions: Hardware Solutions, Software Solutions, Cloud-Based Solutions, On-Premise Solutions
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Which Top Companies are Driving Growth in the Network Telemetry Market?
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
Which Regions Will Dominate the Network Telemetry Market Through 2029?
North America was the largest region in the network telemetry market in 2024. 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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