Network Telemetry Market | Impact of Recent Global Events

Network Telemetry Market Report

Network Telemetry Market Scope and Overview

The Network Telemetry Market was valued at USD 509.61 million in 2023. It is expected to reach USD 6979.93 Million by 2031. Network Telemetry empowers organizations to gain a deeper understanding of their network performance, enabling proactive problem-solving and enhanced security

The Network Telemetry Market’s growth is driven by a harmonious convergence of factors. The ever-growing adoption of cloud computing, with the increasing use of connected devices (IoT), necessitates strong network monitoring. Also, the rising concerns over cyber threats necessitate proactive security measures, which network telemetry solutions effectively address. And, the increasing adoption of Software-Defined Networking (SDN) and Network Function Virtualization (NFV) technologies creates a demand for real-time network data to optimize performance and resource allocation.

Major Key Players Studied in this Report are:

  • Arista Networks
  • Mellanox Technologies
  • Pluribus Networks
  • Barefoot Networks
  • Cisco Systems
  • Juniper Networks
  • Palo Alto Networks
  • Accenture
  • Infosys
  • Genpact
  • Others

Edge computing plays a vital role in this data revolution. By distributing processing power to the network’s edge, it eliminates the need to constantly ferry data back to centralized hubs. This not only streamlines operations but also significantly reduces costs associated with data backhauling. and 5G boasts ultra-low latency and sky-high bandwidth, acting as a data highway on steroids. This translates to real-time data processing and analysis happening right at the network edge, closer to where the data originates. Imagine traffic cameras sending real-time video feeds or autonomous vehicles receiving instant reaction times – that’s the power of 5G in action.

Key Segments | Highlighting Growth Opportunities

The Network Telemetry Market is segmented by component in two sub segments, solutions and services. The services segment is projected to experience the highest growth rate during the forecast period 2024-2031 in the Network Telemetry Market. This dominance is due to the growing demand for expert assistance in deploying, integrating, and maintaining these complex solutions. Additionally, the need for ongoing training and support further fuels the growth of this segment.

The Network Telemetry Market, segmented by end user, in Verticals, and Service Providers, service providers is poised to see leading the market during the forecast period 2024-2031. This dominance is driven by a rising trend in telecom companies and Cloud Service Providers (CSPs) are increasingly adopting network telemetry solutions. These solutions offer a powerful advantage: the ability to manage, analyze, and optimize their entire network infrastructure.

Market Segmentation and Sub-Segmentation Included Are:

On The Basis of Components

  • Service
  • Solutions

On The Basis of End-Use

  • Verticals
  • Service Providers

On The Basis of Organizational Size

  • Small Medium-Sized Enterprise
  • Large Enterprise

Regional Analysis

North America is expected to retain its position as the dominant force in the network telemetry market. This dominance is primarily driven by the region’s advanced network infrastructure and the widespread adoption of digital technologies. whereas, the Asia Pacific region is poised for rapid growth due to factors like accelerating digital transformation, rising investments in IT infrastructure, and increasing real estate sector applications. The US government, recognizing the importance of network security, and has launched initiatives like the Cybersecurity and Infrastructure Security Agency (CISA). Which promotes the adoption of network telemetry solutions by providing resources and guidance to critical infrastructure sectors.

Recent Developments in the Network Telemetry Market

Cisco announced a strategic collaboration with Palo Alto Networks to integrate their network telemetry solutions, aiming to deliver a unified platform for enhanced security and network visibility.

In a move to enhance connectivity across its edge data centers, Vapor IO has collaborated with Pluribus Networks. This collaboration involves deploying Pluribus’s cutting-edge software, Netvisor ONE OS version 5.0 and Adaptive Cloud Fabric, at multiple Vapor IO Kinetic Edge locations in Chicago, USA. This integration will establish seamless connections between Vapor IO’s geographically dispersed edge data centers, enabling them to benefit from comprehensive data monitoring (telemetry), a wide range of network services, and the ability to allocate resources efficiently (deep slicing) across all the data centers, irrespective of their physical location.

Key Takeaways from the Network Telemetry Market

  • The market is poised for significant growth, driven by the digital transformation.
  • Services are expected to be the fastest-growing segment due to the demand for expert assistance.
  • North America remains the leader, but Asia Pacific is a promising region with rapid growth potential in the Network Telemetry Market.
  • Security concerns and the adoption of cloud computing and IoT technologies are key growth drivers in the Network Telemetry Market.
  • The market landscape is competitive, with leading vendors offering innovative solutions.

Table of Contents

  1. Introduction
  2. Industry Flowchart
  3. Research Methodology
  4. Market Dynamics
  5. Impact Analysis
    • Impact of Ukraine-Russia war
    • Impact of Economic Slowdown on Major Economies
  6. Value Chain Analysis
  7. Porter’s 5 Forces Model
  8. PEST Analysis
  9. Network Telemetry Market Segmentation, by Components
  10. Network Telemetry Market Segmentation, by End-Use
  11. Network Telemetry Market Segmentation, by Organizational Size
  12. Regional Analysis
  13. Company Profile
  14. Competitive Landscape
  15. USE Cases and Best Practices
  16. Conclusion

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