What's Driving the Network Packet Broker Market Growth? NetScout, Cisco, Gigamon, Broadcom Inc., APCON, Emerson Network Power, Motadata, Netgear, Juniper Networks
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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The growth in the internet services, social media, IoT, and web applications has resulted into exponential growth in the network traffic causing the risk of service degradation and network outages. The network packet brokers assist in creating scalability, relieving oversubscription of monitoring tools and deliver centralized monitoring. Furthermore, the rising bandwidth necessity in data centers and increasing trend of bare-metal switches also creates huge growth opportunities in the market. The adoption of these devices has created new challenges including the difficulty in managing network connections and monitoring traffic flows at scale. Hence, IT organizations are adopting network packet broker solutions to solve these challenges with increased scalability and flexibility.
In a nutshell, the network packet broker market analysis report is an inherent collection of the market definitions, industry insights, and the overall scope of the report. Details about the numerous industry pitfalls and challenges, in addition to driving parameters influencing the revenue scale of this business have also been provided in the report.
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. There is also a rise in the number of internet service providers and growing population of internet users which is also expected to accelerate the market growth over the forecast timeline.
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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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