Deep Packet Inspection and Processing Market With Good Revenue Status

The global deep packet inspection and processing market is expected to reach a valuation of US$ 22.1 Bn by 2032 from US$ 10.8 Bn by 2022, rising at a CAGR of 7.4% throughout the forecast period.

The deep packet inspection and processing market share is being driven by the constant advancement of cyberattacks and the necessity for network performance management and optimization solutions to successfully manage today's complex networking infrastructures.

The increasing need for modern network performance management, as well as the necessity to fulfill increasing compliance standards, are two of the most influential aspects that have favorably impacted the demand for deep packet inspection and processing.

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.

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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.

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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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This release was published on openPR.