Mary-Louise Hoffman
An RnRMarketResearch.com report forecasts that the global market for network analytics products could be worth $1.7 billion by 2018 with a 27.9 percent compound annual growth rate.
The telecommunications sector is projected to account for majority of enterprise network analytics usage through 2018, followed by the financial services and insurance industries, the market research publisher said Tuesday.
A growing ecosystem of network operators, cloud service providers and enterprise users will be a key driver for market growth in the coming years, the report states.
RnRMarketResearch.com says North America accounted for the largest market share last year.
Network analytics platform developers profiled in the report include Accenture, Cisco, Hewlett Packard, IBM and Juniper Networks.
The companies offer tools designed to help organizations monitor network quality based on key performance metrics through a customized dashboard.
