A number of factors, such as the growing network traffic, escalating digitalization rate, mounting demand for the optimization of the networking infrastructure, and rising incidence of network attacks and security breaches will contribute to the network telemetry market growth during the forecast period (2021–2030).
According to P&S Intelligence, the market generated $300 million in 2020. Moreover, the rising advancements in the internet of things (IoT) and artificial intelligence (AI) domains will support the market growth across the world. Another growth driver for the network telemetry market is the burgeoning demand for the optimization of the networking infrastructure, owing to the increasing internet traffic and surging need to solve downtime issues.
For example, when real-time data is transmitted to multiple locations through network devices, the server becomes unavailable for some time, thereby resulting in downtimes. To overcome this challenge, end-users are focusing on the optimization of the infrastructure, which can be achieved by deploying network telemetry solutions.
Geographically, North America accounted for the largest share in the network telemetry market in 2020 due to the presence of numerous players, such as Arista Networks Inc., Pluribus Networks Inc., and Juniper Networks Inc. Additionally, the early adoption of advanced technologies, such as AI and IoT, and strong competition within every end-use industry in the U.S. and Canada are expected to contribute to the market growth.
Further, in order to launch 5G services, telecom companies here will need to optimize their networks with this new technology. Therefore, the increasing number of network attacks and security breaches and escalating demand for network optimization are expected to drive the demand for network telemetry solutions.
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