Driven by the increasing cases of cyberattacks which are targeted toward the companies’ servers and networks, the growing importance of highly secure and scalable network infrastructure, optimization of business performance through advanced network telemetry systems, and the need to have minimum downtime, the Global Network Telemetry Market is Forecasted to Reach ~US$ 1,400 Mn by 2028 says Ken Research Study.
Network telemetry is a technological system that helps in gaining network insight as well as facilitates effective and automated network management. It offers useful detection capabilities which are extensive. This works in tandem with the dedicated analysis systems that collect, associate and trend observed activity. These solutions monitor, collect and analyze the network data that is in real-time and assist organizations to handle their network infrastructure in an efficient manner.
Ken Research shares 3 key insights on this high-opportunity market from its latest research study.
1. Increased Need for Secure and Scalable Network Infrastructure Has Increased the Market’s Growth Rate
According to Research estimates, the Global Network Telemetry Market – which was valued from around US$ 100 Mn in 2017 to nearly US$ 300 Mn by 2022 – is expected to grow further to ~ US$ 900 Mn opportunity by 2028.
Some of the factors that propel the growth of the Network Telemetry market over the forecast period include increasing cases of cyberattacks which are targeted toward the companies’ servers and networks, the growing importance of highly secure and scalable network infrastructure, optimization of business performance through advanced network telemetry systems, and the need to have minimum downtime are expected to be the key drivers of the market’s growth.
2. High Number of Data Breaches and Cyberattacks Globally is Helping the Market Growth
The increasing cases of cyberattacks, security breaches, and frequent network attacks that are targeted toward the companies’ servers and networks are major drivers for the market’s growth. This mandates the companies to make continuous investments, and focus on secure and scalable network infrastructure that can work optimally.
As the network telemetry system providers work on critical data systems for their clients hence it is imperative for them to have minimum downtime. This is why the network administrators also demand the deployment of highly developed technological systems in place to achieve such quality standards.
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3. High Costs Associated with the Set Up of Network Telemetry Systems are A Major Challenge to the Growth of the Market
The high installation cost of network telemetry systems acts as a major hindrance to the growth of the market. Companies have to bear the cost of the solutions upfront and there will be additional costs in terms of the services that are required over a period of time. There can be some other costs as well which will be for the integration of the legacy systems with the company’s network telemetry systems.
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