Albany, NY -- (SBWIRE) -- 02/25/2019 -- Data analytics (DA) is the procedure of exploring various data sets so as to carry out detailed analysis of the available information, with the help of specialized software and systems. Data analytics techniques and technologies are widely used in the commercial sector to enable enterprises to make more-informed business decisions and guide the researchers and scientists to disprove or verify scientific theories, hypothesis, and models.

Networks are a core part of functionality of any enterprise and hence it becomes important for an organization to understand its network functioning so as to improve the process efficiency, enabling them to make data-driven and smarter decisions about their businesses.

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The players in the global network data analytics market are investing a great deal in research and development operations to come up with advanced and innovative technologies. Several companies are still working on developing explicit customized solutions for end users. Key players in the global network data analytics market include LiveAction, Cisco Systems, and Hewlett Packard Enterprise Development LP.

Explosive growth in the number of network data analytics solution providers coupled with extensive developments in data analytics are expected to take place in the coming few years due to the enormous potential offered by the market. Key players in the network data analytics market are prominently focusing on introduction of advanced services and solutions in order to strengthen their position and improve their customer base in the market.

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The global network data analytics market is segmented based on end user, deployment type, industry vertical, analytic model, and region. Based on end user, the market can be segmented into large size enterprises and small and middle size enterprises (SME's). Large size enterprises are expected to have a major share in the network data analytics market due to their rising awareness with respect to quality of processes and cost cutting.