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Moreover, North America is expected to acquire the largest market share during the forecast period, which can be credited to the increasing adoption of network traffic analysis in the defense and military sector, and aggressive adoption of latest technologies in the region. In addition, growing government initiatives in Asia to improve the infrastructure of cybersecurity in the region is also anticipated to boost the market growth in the coming years.
As of May 2021, China has the largest number of smartphone users, accounting for about 912 million people, followed by India with approximately 439 million users. The market in Asia Pacific is estimated to witness noteworthy growth over the forecast period on the back of the increasing penetration of devices such as smartphones and laptops, and continued rollout of complex enterprise data networks in the region. On the basis of geographical analysis, the global network traffic analytics market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and the Middle East & Africa region.
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