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Study: Telecom Industry to be Biggest Network Analytics Consumer Through 2018

Study: Telecom Industry to be Biggest Network Analytics Consumer Through 2018 - top government contractors - best government contracting event
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technology, cyber, cloud, computerAn 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.

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Written by Mary-Louise Hoffman

is a writer of news summaries about executive-level business activity in the government contracting sector. Her reports for ExecutiveBiz are focused on trends and events that drive the GovCon industry to include commercial technologies that private companies are developing for federal government use. She contributes news content to ExecutiveBiz’s sister sites GovCon Wire and ExecutiveGov.

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