The software-defined networking and
visualizing are on the rise. This has led to the Network emulator Market moving
up the graph as well. Predictions have been made that by 2031, the market size
should reach US$ 419.73 with a CAGR of 8.6%.
Industries are witnessing a significant
surge in machine-to-machine
communication, requiring fast network coverage. The same is happening as 3G
technology is continuously upgrading as well. Hence, the US, UK, Japan, South
Korea, Germany, and China are striving towards creating and implementing 5G
wireless networks. It has already begun and will be completely established by
the end of 2024.
Around the globe, almost 3999 cyber-attacks
take place, in seconds an organization faces a ransomware attack resulting in
loss of revenue or any sort of financial loss. On the other hand, 559,000 malware
are installed daily. Hence, to mark secure networking the network emulators are
a big yes and therefore growth is recorded. Also, 65% of the global pollution
is on the internet which again ascertains the requirement of network emulators.
As of now, North America is leading the
chart with the highest share in this market followed very closely by Asia
Pacific. Since the pandemic, work-from-home full-time employees have seen a
rise of 11% and around 27% work hybrid. Hence, working remotely has now been
normalized and accepted widely. This increases the chances of any sort of
network breaches even more. Therefore, the remote working module is again
another key reason for the growth of the network emulator market.
The changing ways of the usage of the internet are hence the reason behind the upscale of the network emulator market. With every new technological advancement, the market needs to adapt and upgrade itself to ensure the security of people on the internet.
Published By
Rajat Naik
Senior Market Research Expert at The Insight Partners