Network Packet Broker Market Size, COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2021 – 2027
Report ID: GMI2930
Network Packet Broker Market size is anticipated to expand commendably over 2021-2027, considering the mounting deployment of cloud computing technology by multiple organizations and the resultant increase in security and privacy-related threats. Security breaches have surged by 11% since 2018, leading towards the implementation of the network packet broker architecture to provide a dynamic network intelligence.
A network packet broker (NPB) is a device that implements varied monitoring tools to analyze and access traffic across a network, simply functioning as brokers or managers of network traffic. This packet broker collects traffic from various network lines, thereby filtering & distributing each packet to the appropriate network monitoring tool.
Rapid industrialization, increasing security threats due to the adoption of unmanaged personal devices to connect to work-related resources, as well as the faster acceptance of connected devices are the prominent trends proliferating the overall network packet broker market growth. With nearly 50 billion connected devices estimated to be available, hackers are likely to be motivated by a multitude of options to breach exfiltrate and cyber-defense data, creating a growing need for efficient network packet broker devices for network traffic monitoring and protection.
Despite these favorable growth environments, limitations in terms of performance of the packet broker hardware, as well as high prices of packet broker appliances for demanding and complex 40G & 100G deployments may create challenges to the steady market expansion in years to come.
With regards to the end-user spectrum, the enterprises segment is set to depict an appreciable growth rate through 2027, led by the extensive deployment of NPBs in data centers, alongside the rapid launch of new products by manufacturers across the global market. For example, cPacket Networks unveiled its cVu 32100 and cVu 32100E network packet broker+ in 2021, designed to offer high-performance, low-latency, and high-density 100Gbps network observability to support enterprise automation, high-performance computing requirements, and data center consolidation.
On the regional front, the Asia Pacific network packet broker market is projected to register sizeable revenue by 2027, which can be credited to the surging number of data centers and the mounting internet penetration in countries including India and China. As per reliable reports from Savills, the data center space demand is likely to increase by nearly 15-18 million sq. ft. in major Indian cities over the next 4-5 years.
The competitive landscape of the network packet broker market consists of companies such as Zenoss Inc, Cisco Systems, Inc., Juniper Networks, Inc., Big Switch Networks, Inc. (Arista Networks), Netgear, Inc., Corvil, Motadata, Network Critical, APCON, Inc., Broadcom Inc., Ixia (Keysight), Gigamon, and NetScout Systems, Inc, among others. Strategic product launches, M&A, and business expansions are being employed by these firms to fuel their geographical footprint across the globe.
For instance, in December 2020, Arista Networks introduced an enterprise-focused network observability software platform, the Arista DMF (DANZ Monitoring Fabric), with an objective to provide a fully functional network packet broker and network visibility across edge use cases, campus, and data centers. Meanwhile, in September 2020, Juniper Networks expanded its Juniper 400G portfolio with the launch of the Broadcom Trident 4 chipset based QFX5130 Switch, designed for use cases including neural networks for AI applications, such as packet brokering & over-the-top streaming services.
Impact of Increased Remote Working During COVID-19 on Network Packet Broker Market Trends:
The impact of the coronavirus pandemic is being felt across all businesses worldwide, owing to the movement restrictions and other related measures to lower the risk of contagion. Despite the prevailing work-from-home trend, reduced sales of personal IoT devices during the outbreak have been witnessed, hence creating an indirect impact on the expansion of the network packet broker industry.
However, employees of varied institutions and companies have been relying heavily on cloud computing applications to ensure the efficient accomplishment of their tasks while working from home. This high penetration of cloud computing has boosted the volume of data being generated from multiple sources, as well as exposure to security risks, which in turn, may push the adoption of network packet broker solutions over the forecast spell.
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