Deep Packet Inspection and Processing Market Size To Hit US$ 73.7 Billion by 2028

IMARC Group, a leading market research company, has recently releases report titled "Deep Packet Inspection and Processing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028" The study provides a detailed analysis of the industry, including the global deep packet inspection and processing market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights

How big is the deep packet inspection and processing market?

The global deep packet inspection and processing market size reached US$ 19.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 73.7 Billion by 2028, exhibiting a growth rate (CAGR) of 25% during 2023-2028.

What is deep packet inspection and processing?

Deep packet inspection (DPI) and processing are advanced technologies that examine the data transmitted across a network, including webpages, video streaming, and file transfer. It helps users effectively manage network traffic, exercise control over network usage, monitor activities, and counter security threats. It has diverse applications, from enforcing network policies and content filtering to preventing unauthorized access and managing quality of service (QoS). By providing in-depth insights into network flows and meticulously scrutinizing network packets, DPI enables developers to gain a comprehensive understanding of network operations. It is used by IT professionals to bolster security measures in data centers and proactively safeguard against malware infiltration. It helps enhance network performance, strengthen security measures, optimize operational efficiency, and ensure the smooth operation of critical applications.

Additionally, it empowers businesses with real-time decision-making capabilities, reducing costs, improving visibility, maintaining regulatory compliance, and delivering an exceptional user experience. It allows end users to engage in Internet data mining, monitor network traffic, implement Internet censorship measures, and conduct advanced network management and security operations. As a result, DPI and processing find extensive applications in specialized cybersecurity products, such as intrusion detection systems (IDS), intrusion prevention systems (IPS), and advanced firewalls, for the detection and prevention of attacks across the globe.

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What are the growth prospects and trends in the deep packet inspection and processing industry?

The global deep packet inspection and processing market is primarily driven by the rapid expansion of the telecommunication industry. Moreover, the rising use of DPI and processing by internet service providers (ISPs) to effectively manage network traffic, allocate resources, optimize performance, block illicit content, improve user experience, and mitigate security threats such as viruses, spam, and malware is positively influencing the market growth. Apart from this, the escalating demand for high-quality audio and video content and the increasing data traffic generated by various sources are other major growth-inducing factors. Additionally, the surging adoption of cloud-based solutions, which offer scalability, flexibility, and enhanced security, has catalyzed market growth. Besides this, the growing need to manage large volumes of data, analyze network traffic in real-time, safeguard users, and address performance issues due to the introduction of 5G communication technology has augmented product demand. In addition, the expanding user base of wireless broadband and advancements of data-driven applications are propelling the market growth.

Furthermore, the incorporation of blockchain technology, which offers an additional level of security, ensures network integrity, and guarantees tamper-proof activity records, has accelerated product adoption rates. Along with this, the implementation of stringent government regulations to safeguard data privacy and restrict access to illegal content is contributing to market growth. Other factors, including rising incidences of cyberattacks, increasing adoption of IoT technology, and rapid development of high-speed network infrastructures, are also anticipated to drive the market further.

What is included in market segmentation?

The report has segmented the market into the following categories:

Breakup by Component:

Solutions
Services

Breakup by Product:

Standalone
Integrated

Breakup by Deployment Mode:

On-Premises
Cloud-Based

Breakup by Solution:

Hardware
Software

Breakup by Organization Size:

Small and Medium-Sized Enterprises
Large Enterprises

Breakup by Vertical:

Banking, Financial Services and Insurance
Government and Defense
Healthcare
IT and Telecom
Retail and Ecommerce
Manufacturing
Others

Breakup by Region:

North America (U.S. & Canada)
Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
Latin America (Brazil, Mexico)
Middle East & Africa

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Who are the key players operating in the industry?

The report covers the major market players including:

Bivio Networks Inc.
Cisco Systems Inc.
Extreme Networks
Huawei Technologies Co. Ltd.
IBM Corporation
Juniper Networks Inc.
LogRhythm Inc.
Netscout Systems Inc.
Sandvine Inc.
Viavi Solutions.

If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

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This release was published on openPR.