The network telemetry market is expected to capture sizable growth fueled by rising technology adoption by telecommunication service providers and cloud service providers. Telemetry in networking means how information from numerous data sources is gathered, by using an assortment of automated communication processes, and transferring it to receiving equipment for analysis. It is used for resolving downtime issues by service providers.
Some of the processes involved in it include event correlation, anomaly detection, performance monitoring, metric calculation, trend analysis and among others. Firms operating in the network telemetry market are working towards the development of new solutions and systems. For instance, in 2019, supplier of end-to-end interconnect solutions for storage systems and data center servers, Mellanox Technologies, launched its advanced network telemetry technology for private cloud, public cloud, and enterprise computing. The market is projected to experience decent growth until 2026.
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Based on deployment models, the industry is mainly divided into cloud and on-premise segments. Out of these, the cloud-based deployment model is projected to record exponential growth as more enterprises are preferring to transition their existing business into cloud-based business models.
Network telemetry systems developed particularly for cloud data centers offer precise insights into cloud network performance while assisting them in implementing predictive operations. Taking May 2020 for instance, Cisco updated its core networking software, the Application Centric Infrastructure (ACI) software, to offer superior support for enterprise multi-cloud integration while allowing tools as well as management to help hyper-scalers or telcos collate large-sized data center networks.
In a bid to improve overall market share and consumer base, prominent industry players have begun to adopt strategic business strategies like collaborative development deals to enhance their network telemetry solutions. Citing an instance, in October 2019, Juniper Networks joined forces with Telefonica, a UK based telecom company, to innovate a cloud-dedicated network analytics system. The partnership resulted in the development of the Fusion Network, a secured and automated network infrastructure, that supports real-time analysis and data gathering for multi-cloud environments.
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The Latin America network telemetry market is anticipated to record a CAGR of more than 35% in the upcoming years. Rising internet traffic and efforts to modernize network infrastructure are expected to be the key growth drivers for the regional market.
Meanwhile, the Middle East & Africa market is projected to foresee decent growth. In 2019, the market in MEA witnessed a share of over 10%, majorly credited to increasing adoption of network telemetry for network security and cyberattack monitoring.
Companies like Arista Networks Inc., Anuta Networks International LLC, Cisco Systems Inc., Barefoot Networks, and Google LLC are leading the network telemetry market landscape.
Major Key Points from Table of Content:
Chapter 5. Network Telemetry Market, By Component
5.1. Key trends, by component
5.2.1. Market estimates and forecast, 2015 – 2026
5.3.1. Market estimates and forecast, 2015 – 2026
5.3.2. Professional service
18.104.22.168. Market estimates and forecast, 2015 – 2026
5.3.3. Managed service
22.214.171.124. Market estimates and forecast, 2015 – 2026
Chapter 6. Network Telemetry Market, By Deployment Model
6.1. Key trends, by deployment model
6.2.1. Market estimates and forecast, 2015 – 2026
6.3.1. Market estimates and forecast, 2015 – 2026
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