Deep Packet Inspection and Processing Market to Expand at 7.4% CAGR by 2032

The deep packet inspection and processing market is anticipated to grow at a CAGR of 7.4% over the forecasted period, from US$10.8 billion in 2022 to US$22.1 billion in 2032.

The rise in cyberattacks and the need for network performance monitoring and optimization tools to efficiently handle today's intricate networking infrastructures are what are driving the deep packet inspection and processing market share.

Two important factors-the increasing demand for modern network performance management and the necessity to adhere to rising compliance standards-have had a favourable impact on the demand for deep packet inspection and processing.

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Deep packet inspection is used by internet service providers (ISPs) to profile networked applications in the telecommunications and information technology (IT) industries. DPI is used by ISPs to provide increased lawful interception, targeted advertising, QoS, copyright enforcement, policy definition, and tiered services.

Increasing cybercrime incidents, a growing number of wireless broadband users, and the development of data-intensive applications are all driving the deep packet inspection and processing market expansion.

Apart from that, as more government entities deal with sensitive information, there is a growing demand for deep packet inspection and processing to improve censorship security and monitoring. It also finds usage in the corporate world, where it can be used to track users and restrict their access to select websites.

As per the global deep packet inspection and processing market study, the outbreak of the coronavirus disease (COVID-19), as well as the subsequent lockdowns imposed by governments in a number of countries, the growing adoption of the remote working model, and the rising network traffic, have all increased demand for deep packet inspection and processing to improve QoS and reduce network congestion.

Few deep packet inspection and processing market limitations include the prevalence of restricted security budgets among small and medium-sized organizations, as well as a lack of understanding about the benefits in developing nations.

The lack of competent specialists, along with concerns about privacy violations, is likely to be the deep packet inspection and processing market's biggest and most pressing obstacle.

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Key Takeaways

• Governments, Internet service providers (ISPs), businesses, education, and others make up the end-user category. Government departments collect very sensitive data that requires appropriate data security; hence they are projected to be the fastest-growing deep packet inspection and processing industry. The US deep packet inspection and processing market share is projected to be valued at US$ 7.1 Bn by the end of 2032.
• North America has the greatest market share, thanks to increased internet usage, cloud adoption, and IoT solutions.
• The solutions component segment is expected to rise at a CAGR of 6.9% throughout the forecast period.
• The cloud deployment model of the deep packet inspection and processing market is likely to advance at a growth rate of 6.6% throughout the forecast period of 2022 to 2032.

Competitive Landscape

The market for deep packet inspection and processing is fragmented, as firms continue to develop new hardware and software solutions, as well as new entrants, to meet the high level of competition.

In the deep packet inspection and processing industry, several advances have been observed, including the creation of Next-Generation Firewalls (NGFWs) capable of investigating network packets up to 7 application levels of the OSI model.

In such cases, the participants compete fiercely for the opportunity to deliver new Ksolutions. Nokia (Alcatel Lucent), Huawei Technologies, and others are key players.

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Recent Developments

2020 - July Rapid7, Inc. announced that its market-leading Security Information and Event Management (SIEM) solution, InsightIDR, now includes Network Traffic Analysis (NTA). The NTA from InsightIDR captures raw network traffic flows and extracts rich metadata using a proprietary Deep Packet Inspection (DPI) engine.

This method substantially decreases data volume while preserving crucial information, making it perfect for investigations, deeper forensic activities, and the design of custom rules.

This is expected to positively impact the deep packet inspection and processing market adoption.

SafeRide Technologies released new Intrusion Detection and Prevention Software (IDPS) to safeguard Automotive Ethernet networks from cyberattacks in August 2020. SafeRide's vSentry Edge AI software now includes the new solution.

Key companies profiled

IBM
Huawei
Extreme Networks
Juniper Networks
NetScout

Key Segments:

By Component
Solutions
Software
Hardware
Services

By Deployment Model
On-premise
Cloud

By Installation Type
Integrated
Standalone

By Organization Size
SMEs
Large Enterprises

By Vertical
BFSI
Government & Defense
Healthcare
IT & Telecom
Manufacturing
Retail

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Expert analysis, actionable insights, and strategic recommendations - the Electronics, Semiconductor, and ICT team at Persistence Market Research helps clients from all over the globe with their unique business intelligence needs. With a repository of over 500 reports on electronics, semiconductors, and ICT, of which, 100+ reports are specific for ICT, the team provides end-to-end research and analysis on regional trends, drivers for market growth, and research development efforts in the electronics, semiconductor, and ICT industry.

This release was published on openPR.