North American Market Forecast
The North America network telemetry market is anticipated to hold the largest share of about 34% during the forecast period. The growth of the market in the region is due to the rapid adoption of advanced technologies and infrastructure helping them virtualize their IT infrastructure and facilitate advanced network management. In addition, the rapid changes in IT infrastructure like virtualization and cloud, large-scale network infrastructure deployment in Canada and the US, and technological advances like 5G and 4G technologies that encourage telecom providers to adopt network telemetry at every layer of the network are adding to the network telemetry market growth in the region. By 2028, nearly 400 million subscribers in North America will have subscribed to 5G. In North America, there were 166 million subscribers to 5G in 2022.
APAC Market Statistics
The Asia Pacific network telemetry market is anticipated to hold the second-largest share of about 28% during the forecast period. The demand for network telemetry may be increasing across vertical markets and service providers due to the growing rate of economic digitization, increased real estate industry application, and increased investments in the construction of its infrastructure in this region. As a result, players in the global network telemetry market will focus on increasing their business potential in the region, while also attempting to grow into regions.
Author Credits: Abhishek Verma
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