Rapid Digitalization Driving Global Network Telemetry Market Growth

The global network telemetry market revenue stood at $300 million in 2020, and it is predicted to rise rapidly between 2021 and 2030 (forecast period). With the increasing penetration of the internet, the incidence of cyberattacks is rising sharply across the world. The servers and networks of several organizations are rapidly getting penetrated.

The market is being propelled by the increasing digitalization rate, growing prevalence of network security attacks, rising use of network telemetry technologies by various service providers and organizations, including multiple telecom and consultancy providers, and burgeoning demand for the optimization of the network infrastructure around the world.

Additionally, several businesses are recording the loss of critical information because of cyberattacks, which is also causing them huge financial losses. Hackers are stealing confidential and sensitive information from various sources in a workplace, such as the internet of things (IoT)-connected gadgets, that are integrated within a centralized network.

Apart from the aforementioned factor, the rising requirement for the optimization of the network infrastructure, on account of rapid digitalization and growing need for reduced downtime, is also fueling the growth of the network telemetry market. When real-time data is transferred to multiple locations via network devices, the system becomes unavailable for a short period of time which results in downtime.

To resolve this issue, network telemetry solutions are being increasingly adopted to optimize the network infrastructure. Thus, it is safe to say that the demand for network telemetry solutions will rise enormously in the coming years, primarily because of the growing requirement for reduced downtime and optimization of the network infrastructure, on account of the rapid digitization of several business operations across the world.

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