Global Network Emulator Market is valued approximately at USD 135 million in 2018 and is anticipated to grow with a healthy growth rate of more than 8% over the forecast period 2019-2026. Network emulation is a type of technique which is used for testing the performance of an application in a real time over a virtual network. It is distinct from network simulation where merely mathematical models of network models, traffic, channel and protocols are utilized. It is mainly used by the service providers, application developers, and manufacturers to verify the strength of the network product or application. The basic feature of network emulators are impairments, routing, modifiers and filtering. Rise of attacks and security breaches on network, surging adoption of internet connected devices and growing need for reduced downtime in networking are the few factors responsible for high CAGR of the market over the forecast period.
For instance, as per the Safe At Last Inc., a non-profit organization, it is estimated that the total installed base of Internet of Things (IoT) connected devices is projected to grow to around 75 billion worldwide by 2025, a fivefold increase since 2015 (15.41 billion). Moreover, increasing demand for software-defined networking and virtualization coupled with investments in R&D and positive outcomes from the testing phase of 5g networks are the major factor likely to create lucrative growth opportunity to the market in the upcoming years. However, longer timelines and extended R&D requirements for new networking technologies and price sensitivity of network testing and emulator are the few factors anticipated to restraining the growth of global Network Emulator market during the forecast period.
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The regional analysis of global Network Emulator Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the increasing research and development investment for advance technologies by government and organizations along with growth of BFSI and retail sector in the region. However, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2019-2026. Factors such as increasing adoption of IoT devices and machine to machine connections have boosted the demand for networks thereby, accelerating the need for network emulators across the Asia-Pacific region.
Major market player included in this report are: