The North America Network Traffic Analytics Market would witness market growth of 7.5% CAGR during the forecast period (2024-2031).
The US market dominated the North America Network Traffic Analytics Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $1.18 billion by 2031. The Canada market is registering a CAGR of 9.5% during 2024-2031. Additionally, the Mexico market would showcase a CAGR of 8.9% during 2024-2031.
Network traffic analytics refers to monitoring, analysing, and interpreting data related to traffic flow within a network. Network traffic analytics (NTA) helps identify potential threats and vulnerabilities by analysing traffic patterns. By identifying anomalies at an early stage, organizations can proactively resolve security concerns before they escalate into significant incidents. NTA tools provide detailed insights into the nature and source of security incidents. This information supports quicker and more effective responses to security breaches, reducing the potential impact on the organization.
In addition, NTA tools monitor network traffic to understand bandwidth usage patterns. This enables organizations to allocate bandwidth more efficiently, ensuring critical applications receive the necessary resources while managing overall network performance. Organizations can use load-balancing strategies to distribute network traffic evenly across multiple servers or links by analyzing traffic data, optimizing performance, and preventing congestion.
According to Statistics Canada, in 2022, 99.5% of Canadians had access to LTE networks, while 91.3% had access to 5G networks. Additionally, in 2021, 91.4% of Canadian households had access to unlimited broadband Internet, which offered a minimum upload speed of 50 Mbps and a download speed of 10 Mbps. In 2022, 85 percent of Canadians accessed the internet via smartphone. The proportion was greatest (98%) among individuals aged 25 to 34.
As more Canadian households adopt LTE connections, there is a significant increase in mobile data usage. Network traffic analytics is crucial for managing and optimizing the higher data volumes associated with LTE networks, ensuring efficient data handling and minimizing network congestion. LTE connections lead to diverse data plans and usage patterns. Analytics tools help telecom operators monitor data consumption, manage bandwidth allocation, and optimize service delivery based on usage trends. Therefore, increasing internet connection in the region is driving the growth of the market.
The US market dominated the North America Network Traffic Analytics Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $1.18 billion by 2031. The Canada market is registering a CAGR of 9.5% during 2024-2031. Additionally, the Mexico market would showcase a CAGR of 8.9% during 2024-2031.
Network traffic analytics refers to monitoring, analysing, and interpreting data related to traffic flow within a network. Network traffic analytics (NTA) helps identify potential threats and vulnerabilities by analysing traffic patterns. By identifying anomalies at an early stage, organizations can proactively resolve security concerns before they escalate into significant incidents. NTA tools provide detailed insights into the nature and source of security incidents. This information supports quicker and more effective responses to security breaches, reducing the potential impact on the organization.
In addition, NTA tools monitor network traffic to understand bandwidth usage patterns. This enables organizations to allocate bandwidth more efficiently, ensuring critical applications receive the necessary resources while managing overall network performance. Organizations can use load-balancing strategies to distribute network traffic evenly across multiple servers or links by analyzing traffic data, optimizing performance, and preventing congestion.
According to Statistics Canada, in 2022, 99.5% of Canadians had access to LTE networks, while 91.3% had access to 5G networks. Additionally, in 2021, 91.4% of Canadian households had access to unlimited broadband Internet, which offered a minimum upload speed of 50 Mbps and a download speed of 10 Mbps. In 2022, 85 percent of Canadians accessed the internet via smartphone. The proportion was greatest (98%) among individuals aged 25 to 34.
As more Canadian households adopt LTE connections, there is a significant increase in mobile data usage. Network traffic analytics is crucial for managing and optimizing the higher data volumes associated with LTE networks, ensuring efficient data handling and minimizing network congestion. LTE connections lead to diverse data plans and usage patterns. Analytics tools help telecom operators monitor data consumption, manage bandwidth allocation, and optimize service delivery based on usage trends. Therefore, increasing internet connection in the region is driving the growth of the market.
List of Key Companies Profiled
- Accenture PLC
- Cisco Systems, Inc.
- Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.)
- IBM Corporation
- Juniper Networks, Inc.
- Microsoft Corporation
- Nokia Corporation
- Broadcom, Inc. (Symantec Corporation)
- Allot Ltd.
- Palo Alto Networks, Inc.
Market Report Segmentation
By Component
- Solution
- Services
By Deployment Type
- On-premise
- Cloud
By End User
- Enterprises
- Service Providers
- Data Center
By Organization Size
- Large Enterprise
- Small & Medium-sized Enterprises
By Country
- US
- Canada
- Mexico
- Rest of North America
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Competition Analysis - Global
Chapter 5. North America Network Traffic Analytics Market by Component
Chapter 6. North America Network Traffic Analytics Market by Deployment Type
Chapter 7. North America Network Traffic Analytics Market by End User
Chapter 8. North America Network Traffic Analytics Market by Organization Size
Chapter 9. North America Network Traffic Analytics Market by Country
Chapter 10. Company Profiles
Companies Mentioned
- Accenture PLC
- Cisco Systems, Inc.
- Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.)
- IBM Corporation
- Juniper Networks, Inc.
- Microsoft Corporation
- Nokia Corporation
- Broadcom, Inc. (Symantec Corporation)
- Allot Ltd.
- Palo Alto Networks, Inc.
Methodology
LOADING...
