Network Telemetry Market Expected to Secure Notable Revenue Share by 2026
The report presenting a comprehensive exploration of the global Network Telemetry Market encloses the rate of growth of the market over the projected duration. Providing a concise synopsis, the report determines the valuation and size of the Wooden Decking industry in the near future.
The network telemetry market is likely to witness considerable growth on account of proliferating demand for optimized network infrastructure across businesses. Various organizations are concentrating on increasing their productivity, which could be done by quickly resolving network downtime.
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Network telemetry comes as an effective solution for traditional network monitoring system that comprise of limited capabilities. It consists of communication technologies that gather network-related information from multiple sources like networking equipment & devices and communicate it with the receiving instrument for comprehensive network analysis.
With such features, network telemetry has gained immense traction over recent years. The assertive deployment of advanced digital infrastructure by enterprises like NFV, SDN, virtualization, and converged infrastructure have made network performance monitoring substantially complex. Telemetry tools are supporting enterprises in reducing network downtime, scaling network infrastructure for future applications, and resolving & abstracting discrete component failures.
With the COVID-19 crisis prevailing across the globe, network telemetry has gained popularity due to the excessive pressure on enterprise networks as large number of employees have turned towards remote access to work safely from home. According to Cisco, in April 2020, its Webex platform had well over 500 million meeting participants accounting 25 billion meeting minutes, three times more prior to the pandemic.
To browse this report titled, “Network Telemetry Market Overview and Product Scope over 2020 - 2026: Global Market Insights, Inc.”
However, low upfront investments along with growing prevalence of legacy network infrastructure could act as a major dampening factor for the global network telemetry industry growth. Considering these aspects, Global Market Insights, Inc., predicts that the network telemetry market might reach USD 2.5 billion by the year 2026.
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.
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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.
Apart from Juniper, companies like Arista Networks Inc., Anuta Networks International LLC, Cisco Systems Inc., Barefoot Networks, and Google LLC are leading the network telemetry industry landscape.
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