Network Traffic Analysis Market Research Scope And Data Sources 2028
Network Traffic Analysis Industry Overview The global network traffic analysis market size was valued at USD 2.49 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 9.7% from 2021 to 2028. The growth can be attributed to the rising need for proper network administration in line with the growing network complexities. The growing internet penetration rate and the subsequent rise in cybercrimes are expected to contribute to the market growth. Continued cloud migration, IoT deployments, and 5G rollouts also bode well for the growth of the market. The outbreak of the COVID-19 pandemic and the subsequent lockdowns and restrictions imposed in different parts of the world as part of the efforts to arrest the spread of coronavirus has had a moderate impact on network traffic analysis. The pandemic and the effort to control it have slowed global economic activity and reduced the efficiency of normal business activity. However, the growing awareness and need fo...