Network Packet Broker Market size is set to surpass USD 1 billion by 2028, according to a new research report by Global Market Insights Inc.
The market growth is attributed to the increasing adoption of cloud computing technology across the globe. Rapid industrialization, increasing security threats due to the acceptance 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 market expansion. The major companies are focusing on developing advanced and integrated network packet broker solutions.
Increasing requirement for high bandwidth in data centers is fueling the market demand
The 100 Gbps segment is estimated to register growth of 5% through 2028 on account of the rising adoption of bare metals and switches. 100 Gbps network packet broker solutions help in handling the traffic load on all cable interfaces, without releasing any packet. They offer the filtering capability to the user to identity and solve the network issues. The major market participants are extensively developing advanced 100 Gbps network packet broker solutions for their customers.
The rapid increase in network traffic is supporting the network packet broker market progression
The enterprises held a market share of more than 45% in 2021 driven by the increasing growth of internet networks and IoT applications across SMEs and large enterprises. Network packet broker solutions help enterprises in reducing the oversubscription of resources and provide consolidated network monitoring services.
Moreover, large enterprises are increasingly embracing digitalization to transform their business services, which is creating ample growth opportunities for the market. The growing need to manage a huge amount of data is increasing the demand for NPB solutions across large enterprises. Large enterprises use NPB solutions to check the network performance and reliability.
Browse key industry insights spread across 220 pages with 229 market data tables and 31 figures & charts from the report, “Network Packet Broker Market Size, By Bandwidth (1 Gbps& 10 Gbps, 40 Gbps, 100 Gbps), End-user (Enterprises [Large Enterprises, SMEs], Service Providers, Government), COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2022 – 2028”, in detail along with the table of contents:
Rapid digitalization across the telecom sector is fostering the industry demand
The service provider in the network packet broker market is expected to reach USD 400 million by 2028 owing to the growing need to manage network infrastructure. Service providers utilize network packet broker solutions in order to manage and optimize the performance of entire network infrastructure. These service providers offer a wide range of services such as managed service, cloud computing, and others. NPB solutions also help the service providers in preventing network threats.
Rapid digitalization and industrialization are driving the market value across APAC region
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Asia Pacific network packet broker market is poised to generate a revenue of over USD 300 million by 2028 due to the rising acceptance of IT & cloud services and favorable government investments in the deployment of data centers in various countries such as India, China, Japan, and others.
Additionally, the increasing penetration of internet in the region is providing ample growth opportunities to the market. The major market players operating in Japan have been proactively focusing on the commercialization of 5G networks, significantly supporting the industry growth.
Leading market participants are focusing on developing advanced network packet broker solutions for the customers
Some of the major companies operating in the market are APCON, Inc, Arista Networks, Inc., Broadcom Inc., CGS Tower Networks Ltd., Cisco Systems, Inc., cPacket Networks Inc., Cubro Network Visibility, Datacom Systems Inc., Extreme Networks, Inc., Garland Technology LLC, Gigamon Inc., Keysight Technologies, Microtel Innovation S.r.l, NetScout Systems, Inc, Network Critical, Niagara Networks, Profitap HQ B.V., and VIAVI Solutions, Inc. The leaders are developing and designing more advanced solutions to meet the demand of the customers.
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