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Network Packet Broker Market 2020: Industry Potential, Trends and Forecast to 2025

01-16-2020 05:54 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Global Market Research

Network Packet Broker Market

Network Packet Broker Market

The network packet broker market solutions are adopted in various application verticals including government organizations, enterprises and service providers. The market is witnessing a huge adoption rate from the enterprises due to their increasing bandwidth requirement coupled with rise in the enterprise data. Companies operating in this market are also innovating advanced solutions to deliver enhanced services to the enterprises. For instance, in November 2017, Ixia introduced a new software version of its network packet broker device.

The rising advent of BYOD in organizations have resulted into enormous growth of big data and cyberthreats across the organization. As the traffic volumes increase exponentially is necessary to provide enhanced services with higher speed, increased security, compliance and analytics, resulting into a growth in the demand for network packet broker market. It enhances incident analysis by allowing IT and security processes to gain security intelligence and situational awareness surrounding intrusion and extrusion occurrences. This has enabled enterprises to accelerate their incident response operations, in turn raising the demand for network packet broker market.

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Despite the strong inclination of the operators toward the network packet broker market, there are still certain issues, which may hamper their growth. The network packet brokers face compatibility issues with different data center architectures limiting their adoption rate. The presence of self-reliant servers also acts as a barrier for the market growth.

With the decreasing adoption of low-bandwidth applications the demand for 1Gpbs bandwidth network packet brokers are decreasing rapidly. The 10Gbps network packet brokers have the ability to capture traffic directly form the access switches enhancing their adoption rate in various industries including telecoms, BFSI and other enterprises. Furthermore, due to their increasing adoption rate they are available at low prices expanding their demand in the market.

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North America dominates the network packet broker market due to the rising adoption of IT and cloud services along with growth in the new data center technologies. The region is also home to some of the leading cloud service providers including IBM cloud, Microsoft Azure, and Google cloud platform increasing the market demand. The Asia Pacific market is growing at the fastest rate due to the growing government initiatives for digitalization and rapid increase in the deployment of data centers mainly in China, Japan and India.

The network packet broker market is highly competitive due to the existence of a substantial number of players in the space. Some of the major players present in the market are NetScout Systems, Inc, Gigamon, Ixia, Broadcom Inc., APCON, Inc., Network Critical, Motadata, Netgear Inc. Corvil, Big Switch Networks, Inc., Juniper Networks, Inc., Cisco Ssytems Inc., and Zenoss Inc.

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Global Market Insights, Inc.
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About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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