Global Network Analytics Market 2016-2020 is new report adds on RnRMarketResearch.com. The analysts forecast global network analytics market to grow at a CAGR of 25.68% during the period 2016-2020.
Complete report available at http://www.rnrmarketresearch.com/global-network-analytics-market-2016-2020-market-report.html
One trend which is boosting market growth is the increased need for Wi-Fi offload. Wi-Fi and limited radio access capacity has changed the consumer behavior and the way consumers access services on telecom networks. This has generated a boom in Wi-Fi offloading, which has become a dominant access technology for smartphones. For example, approximately 40% of total smartphone traffic runs over a cellular data network, and the rest runs over the Wi-Fi. There are different types of offloading including private offload, public offload, and carrier-class Wi-Fi. Private offload uses home or office Wi-Fi, whereas public offload uses a standard Wi-Fi hotspot model.
A key growth driver is the increased adoption of the bring-your-own-device concept. The need for uninterrupted connectivity between a corporate network and employee devices has increased the demand for mobile devices. We estimate that the US mobile workforce was more than 50 million, which was 38.46% of the global mobile workforce in 2015 and will grow at a CAGR of 14.87% by 2020. The global mobile workforce was approximately 1.3 billion in 2015 and will reach approximately 1.64 billion by 2020. The growing mobile workforce has led to employees using their personal portable devices such as smartphones, laptops, and tablets to access and store confidential information.
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The report, Global Network Analytics Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Network analytics solutions enable network supervisors to understand, visualize, and record activities occurring on the networks. These solutions focus on network and equipment behavior. Network analytics solutions help mobile network operators identify network problems ahead of time. Network operators can also improve their customer strategies and experience with the help of network analytics solutions.
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The report covers the present scenario and the growth prospects of the global network analytics market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of network analytics solutions (software, integrated solutions, and embedded software) and services. The revenues generated from after-sales services are not included in calculating the market size.
Further, the report states that one challenge that could hamper market growth is the high cost of deployment. Many organizations, especially SMBs, do not have proper network analytics solutions in place because of budget constraints.
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