Global Network Telemetry Market, By Component (Solution, Services), Organisation Size (Large Enterprises, Small and Medium-Sized Enterprises), Deployment Type (Cloud-Based, On-Premise), End User (Service Providers, Verticals) – Industry Trends and Forecast to 2029.
Global Network Telemetry Market Analysis and Size
Network telemetry is a framework that allows the collection and reporting of network state, by the data plane, without requiring intervention or work by the control plane. Rising number of small and medium scale end users are increasingly understanding the importance of network telemetry.
- Data Bridge Market Research analyses that the network telemetry market value, which was USD 270.49 million in 2021, is expected to reach the value of USD 3,769.43 million by 2029, at a CAGR of 39.00% during the forecast period. “Services" accounts for the largest component segment in the network telemetry market owing to the growing rate of adoption of network telemetry solutions across enterprises and service providers.
Global Network Telemetry Market Definition
From the name itself, it is clear that network telemetry is a technological system that is concerned with managing huge volume of vulnerable structured and unstructured data. Network telemetry is a real time data collection system which helps to push in the data to a centralized location for analysis, processing, and storage purpose.
Report Scope and Market Segmentation
2022 to 2029
2020 (Customizable to 2019 - 2014)
Revenue in USD Million, Volumes in Units, Pricing in USD
Component (Solution, Services), Organization Size (Large Enterprises, Small and Medium-Sized Enterprises), Deployment Type (Cloud-Based, On-Premise), End User (Service Providers, Verticals)
U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Market Players Covered
VOLANSYS Technologies (US), Arista Networks (US), Mellanox Technologies (US), Pluribus Networks (US), Barefoot Networks (US), Solarflare Communications (US), Cisco Systems, Inc. (US), Juniper Networks (US), Palo Alto Networks (US), Hewlett Packard Enterprise Development LP (US), Accenture (Ireland), Infosys (India), Genpact (US), Capgemini (France), IBM (US), Wipro Limited (India), HCL Technologies (India), Tata Consultancy Services Limited (India), and CA Technologies (US)
Global Network Telemetry Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Growth in Investment for Research and Development to Carve Way for Innovations
The rising number of strategic market collaborations has led to the rise in funds to be allocated for the growth and development of advanced and automated technology/ machinery to manage high volume of structured and unstructured data. Further, growth in the level of investment for research and development proficiencies would carve the way for innovations in information technology. Rising integration of artificial intelligence and machine learning technologies will further prove to be a boon for the market.
Increased Number of Industries Globally to Induce Greater Demand and Supply in Emerging Nations
Growing number of small and medium scale enterprises all around the globe is one of the major factors fostering the growth of the market. In other words, increased number of banking, financial services, and insurance (BFSI), education, energy and utilities, government and public sector, healthcare and life sciences, manufacturing, retail and e-commerce, telecommunication, and IT industries, is directly influencing the growth rate of the market.
Growing Complexities Associated with Procurement to Present Numerous Opportunities for Small Scale Businesses
Owing to the global economic rise, there is a huge scope of growth for the information and communication technology industry. Surging adoption of cloud computing, growing adoption of new and advanced technology and rising cases of security breaches and network attack indicates a good scope of growth.
- Advanced technologies to present many opportunities
Rising urbanization, modernization, and globalization drive market value growth. In other words, surging investment in the workforce management and quality monitoring and strengthening IT industry in developing economies such as India and China will present very many opportunities for the growth of the market.
Growing industrial infrastructure and increased need to handle compliance contracts and policies are other market growth determinants. Furthermore, rising proliferation of high speed internet in the developing economies will extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Additionally, rising need to fortify the enterprises network against unauthorised and unprecedented strikes will further expand the future growth of the market.
Restrictions/ challenges Global Network Telemetry Market
- Growing concerns to limit the scope of growth in the long run
Lack of technical expertise will create hindrances for the growth of the market. Also, existence of the technology is unaware to many industries which will narrow down the scope of growth for the market. Further, suspension of business activity on account of the coronavirus pandemic will yet again create hindrances.
- Complexities will pose a threat to the unprecedentedly growing market demand
Complexities associated with the deployment of cloud based deployment models will challenge the market growth rate. Further, penetration of cloud based deployment model is confined to large enterprises which will further derail the market growth rate.
Also, dearth of awareness in underdeveloped regions, compatibility issues due to prevalence of legacy network systems and high costs associated with deployment will act as growth restraints for the market. Lack of strong infrastructural facilities in the backward economies, regulatory issues and lack of standardization and data management efficiency will also challenge the market growth rate.
This network telemetry market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the network telemetry market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Network Telemetry Market
The recent outbreak of coronavirus has proven to be a bane for the market. The pandemic has led to the suspension of business activity on account of the coronavirus pandemic and has resulted in disruptions in global supply chains, border restrictions, and travel restrictions by government bodies. Mandatory containment measures and health safety compliances have put huge pressure on remote operations across a wide array of industry vertical which further derailed the market growth rate. However, software companies are currently increasing their focus on in-demand technologies and re-exploring innovative ways to serve their clients.
- In September 2019, Arista Networks announced the release of its management software, CloudVision 2019. It provides monitoring, automation, and management capabilities. Moreover, it helps businesses reduce operational costs, increase network agility, and minimize risks.
- In October 2019, Juniper Networks partnered with Telefonica, UK, to build a secured and automated cloud-enabled network infrastructure, which is known as the Fusion Network. As per the partnership, Juniper Networks is the network Internet Protocol (IP) strategic partner for Telefonica.
- In August 2019, Mellanox Technologies partnered with VMware to offer its Remote Direct Memory Access (RDMA) networking solutions to VMware for supporting its virtualized Machine Learning (ML) solutions to increase its Graphics Processing Unit (GPU) efficiency and utilization.
- In May 2019, Pluribus Networks partnered with Vapor IO to deploy its 5.0 of Netvisor ONE OS and Adaptive Cloud Fabric at multiple Vapor IO Kinetic Edge sites in Chicago, US. As per the partnership, Vapor IO would connect its multiple edge data center sites seamlessly with comprehensive telemetry, rich network services, and deep slicing across multiple data centers regardless of their geographic locations.
Global Network Telemetry Market Scope
The network telemetry market is segmented on the basis of component, organisation size, deployment type, and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
The network telemetry market on the basis of component has been segmented as solution, and services. Services have been further segmented into consulting, integration and deployment, training, support, and maintenance.
- Large Enterprises
- Small and Medium-Sized Enterprises
Based on organisation size, the network telemetry market has been segmented into large enterprises, small and medium-sized enterprises.
On the basis of deployment type, the network telemetry market has been segmented into cloud-based and on premise.
- Service Providers
Network telemetry has also been segmented on the basis of end user into service providers, and verticals. Service providers have been further segmented into telecom service providers, cloud service providers, managed service providers, and others.
Network Telemetry Market Regional Analysis/Insights
The network telemetry market is analysed and market size insights and trends are provided by country, component, organisation size, deployment type, and end user as referenced above.
The countries covered in the network telemetry market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the market owing to the prevalence of advanced IT infrastructure and quick adoption of modern technologies in developed countries comparing to the developing nations. Asia-Pacific will continue to undergo substantial gains during the forecast period and will score the highest growth rate. This is because of the increasing rate of digitization of the economies, rising application by the real estate industry and surging investments towards the development of IT infrastructure in this region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Network Telemetry Market Share Analysis
The network telemetry market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to network telemetry market.
Some of the major players operating in the network telemetry market are:
- VOLANSYS Technologies (US)
- Arista Networks (US)
- Mellanox Technologies (US)
- Pluribus Networks (US)
- Barefoot Networks (US)
- Solarflare Communications (US)
- Cisco Systems, Inc. (US)
- Juniper Networks (US)
- Palo Alto Networks (US)
- Hewlett Packard Enterprise Development LP (US)
- Accenture (Ireland)
- Infosys (India)
- Genpact (US)
- Capgemini (France)
- IBM (US)
- Wipro Limited (India)
- HCL Technologies (India)
- Tata Consultancy Services Limited (India)
- CA Technologies (US)