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Network Emulator Market Overview
Rising number of security breaches and need for reduced downtime in network availability are the key factors driving the growth of the global network emulator market. Network emulator is a solution that mimics the functions of a real network, that is, it appears, interacts, and behaves like the real network. It is used to test the performance, and monitor and verify all changing network conditions to mitigate the risk of security breaches.
The network emulator market on the basis of application is categorized into software-defined wide area network (SD-WAN), cloud, internet of things (IoT), and others (satellite network, voice and voice over internet protocol [VoIP], and storage). Among these, the SD-WAN category generated the highest revenue in the market in 2019. SD-WAN is a virtual WAN architecture that simplifies the management and operation of a WAN by decoupling the networking hardware from its control mechanism. Network emulator solution plays an important role in SD-WAN, as it is required to test how SD-WANs respond to network impairments and understand how those changes impact the applications. Network emulator solution offers comprehensive insights on the most effective steps toward total SD-WAN optimization.
The network emulator market in terms of vertical is classified into information technology (IT) & telecommunication; government and defense; banking, financial services, and insurance (BFSI); and others. Among these, the IT & telecom category held the largest share in the market in 2019. The rising number of connected devices is generating the demand for higher bandwidth to offer high-speed uninterrupted internet connectivity. Thus, to offer superior service without network failure, telecom operators are increasingly upgrading their network and deploying network emulator solutions to assess the performance and predict the impact of any change in network.
The network emulator market on the basis of region is categorized into North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), and Middle East and Africa (MEA). Among these, APAC is expected to witness fastest growth during the forecast period. This can be attributed to the increasing IT spending, increasing number of network security breaches, and rising penetration of 5G connectivity. For instance, as per GSMA Intelligence, 18% of connections in APAC will be on 5G networks by 2025.
Network Emulator Market Dynamics
Rising number of security breaches on network is one of the key factors supporting the growth of the network emulator market, across the globe. For instance, in 2018, Facebook Inc. revealed that its data of around 50 million users was compromised due to the network security breach. According to a study by NortonLifeLock Inc., the number of reported breaches in the first half of 2019 increased by 54%, as compared to the first half of 2018. The most fateful consequence of a data breach is the financial loss incurred. As per the International Business Machines (IBM) Corporation’s Cost of Data Breach Report 2019, the average cost of a data breach increased from $3.6 million in 2018 to $3.9 million in 2019, globally. Additionally, it also affects the brand image of the company and raises concerns on its security system. Hereby, to prevent such loss, companies are increasingly deploying network emulator solutions that can mimic real-world networks, monitor and verify all changing network conditions, and mitigate the risk of security breaches.
Network Emulator Market Competitive Landscape
With the presence of several market players, the global network emulator market is highly competitive in nature. In recent years, market players took several strategic initiatives, such as mergers and acquisitions, partnerships, and product launches, in order to strengthen their position among competitors. For instance, in February 2019, electronic equipment manufacturer Keysight Technologies Inc. announced the launch of 5G User Equipment (UE) Emulation Solution. The new solution provides network equipment manufacturers and service providers with end-to-end, scalable testing of 5G base stations to ensure that devices and network services meet customer expectations for latency, reliability, and high-speed broadband at scale.
Some of the key players operating in the network emulator market are Keysight Technologies Inc. Spirent Communication plc, Apposite Technologies Inc., Itrinegy Inc., Polaris Networks Inc., PacketStorm Communications Inc., Aukua Systems Inc., Calnex Solutions Ltd., SolarWinds Worldwide LLC, GigaNet Systems Inc., and SCALABLE Network Technologies Inc.
The report provides a country-wise analysis of the network emulator market. The major countries covered in the report are the U.S., Canada, Mexico, Brazil, the U.K., Germany, France, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, South Africa, Turkey, the U.A.E., and Saudi Arabia.
Market Size Breakdown by Segment
Based on Application Type
Based on Enterprise
Based on Vertical