Deep Packet Inspection and Processing Market Growth, Opportunities Business Scenario, Share, Growth Size, Scope, Key Segments and Forecast to 2024

Deep Packet Inspection and Processing Market by Component (Solutions and Services), Solution Type (Hardware and Software), Installation Type (Integrated and Standalone), Deployment Mode, Organization Size, Vertical, and Region - Global Forecast to 2024
The global deep packet inspection and processing [https://www.marketsandmarkets.com/Market-Reports/deep-packet-inspection-processing-market-252816977.html?utm_source=referral&utm_medium=abnewswire&utm_campaign=paidpr] market is expected to grow from USD 8.7 billion in 2019 to USD 12.5 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 5.9% from 2019 to 2024. The continuous evolution of cyberattacks and need for network performance management and optimization solutions to efficiently manage today's complex networking environments are some of the major driving factors for the deep packet inspection and processing market.

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By organization size, the large enterprises segment to hold a significant share in the global deep packet inspection and processing market in 2019

Large enterprises are organizations that have more than 1,000 employees. These organizations invest heavily in advanced technologies for increasing overall productivity and efficiency. To reduce Capital Expenditure (CAPEX) and Operational Expenditure (OPEX) of infrastructure, large enterprises are widely opting cloud-based deep packet inspection and processing solutions. Large enterprises are expected to invest significantly in implementing advanced deep packet inspection and processing solutions that are capable of anomaly-based detection to provide optimum security to their intense competitive environment.

Large enterprises have adopted cloud security solutions, as they use a large number of cloud and Internet of Things [https://www.marketsandmarkets.com/Market-Reports/internet-of-things-market-573.html?utm_source=referral&utm_medium=abnewswire&utm_campaign=paidpr] (IoT)-based applications susceptible to cyberattacks. Moreover, as they face threats from targeted attacks to disrupt their Information Technology (IT) services, these organizations adopt deep packet inspection and processing solutions to provide effective security.

Based on verticals, the IT and telecom vertical to hold a significant share in the global deep packet inspection and processing market during the forecasted period

IT and telecom is one of the major adopters of deep packet inspection and processing solutions. It has been a highly regulated and competitive industry that always processes a majority of the private data of its customers. The increased integration of ICT with the daily activities of industries, governments, families, and consumers, along with the increasing sophistication of cyberattacks, has led the telecom and IT vertical to focus more on their cybersecurity activities. Telecom organizations typically store personal data such as names, addresses, and financial data, which is a compelling target for cybercriminals or insiders. Thus, factors such as the use of Voice over internet protocol (VoIP) calls, storage of data on cloud services, mobility and cloud computing, and extensive use of platform-as-a-service in enterprises are expected to fuel the demand for deep packet inspection and processing solutions in the IT and telecom vertical.

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Unique Features in the Deep Packet Inspection and Processing Market

DPI technology allows for a thorough examination of the payload by looking beyond the basic header information in data packets. Identification of certain programmes, protocols, and user actions is aided by this in-depth study.

When it comes to identifying and thwarting security risks like malware, intrusions, and Distributed Denial of Service (DDoS) assaults, DPI is essential. With its real-time ability to detect and stop harmful traffic, it offers strong network security.

DPI is able to distinguish between different kinds of services and apps that are operating on the network. To implement application-specific regulations and guarantee optimal performance for vital applications, application awareness is essential.

Advanced traffic management strategies like bandwidth allocation and traffic shaping are made possible by DPI. This guarantees that bandwidth is allocated to high-priority applications and that network resources are used effectively.

DPI assists companies in meeting legal requirements by keeping an eye on network traffic to ensure that it complies with industry standards and data protection legislation. It can monitor compliance with legal requirements and identify and report policy infractions.

Major Highlights of the Deep Packet Inspection and Processing Market

DPI solutions are becoming more and more important for detecting and reducing security risks as a result of the increase in cyberattacks. DPI adds a strong layer of network security by assisting in the detection of malware, intrusions, and other harmful activity.

The need for DPI solutions is increasing as 5G technology is implemented. With their faster speeds and lower latency, 5G networks need sophisticated DPI capabilities to effectively manage traffic and maintain network security.

DPI solutions with the ability to inspect and analyse encrypted data are becoming more and more necessary due to the increase in encrypted traffic caused by privacy concerns and regulatory requirements. In order to effectively handle SSL/TLS decryption, DPI tools are evolving.

The capacity of DPI to recognise and control particular network applications and services is becoming more and more crucial. Better traffic prioritisation, policy enforcement, and quality of service (QoS) management are made possible by this application awareness.

DPI is necessary to guarantee adherence to a number of legal obligations, including PCI-DSS, HIPAA, and GDPR. DPI systems support data protection policy enforcement and network traffic monitoring for infractions of compliance.

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Top Companies in the Deep Packet Inspection and Processing Market

The vendors covered in the deep packet inspection and processing market report include IBM (US), Cisco Systems (US), Extreme Networks (US), Juniper Networks (US), Symantec (US), SolarWinds (US), Viavi Solutions (US), NetScout (US), LogRhythm (US), Qosmos (France), Cubro Network Visibility (Austria), Lionic Corporation (Taiwan), Trovicor (Taiwan), Netronome (US), Sandvine (Canada), Huawei (China), Bivio Networks (US), Ipoque (Germany), ManageEngine (US), and WiseSpot (Hong Kong). These players have adopted various growth strategies, including new product launches and product enhancements, partnerships, and acquisitions, to expand their presence in the deep packet inspection and processing market.

Product enhancements and partnerships have been the most adopted strategies by the major players from 2017 to 2019 to innovate their offerings and increase their customer base. Some of the prominent key players are therefore known to offer deep packet inspection and processing solutions to SMEs and large enterprises across verticals, such as banking, financial services, and insurance; government and defense; healthcare; IT and telecom; manufacturing; and retail. Some of the use cases along with the details of relevant deep packet inspection and processing solutions and their benefits, coupled with regulatory implications impacting the deep packet inspection and processing market, are showcased in this market study.

The key players in the market have mainly adopted the strategy of new product launches and product enhancements to grow in the market. The strategy of new product launches and product enhancements accounted for the highest share, with more than 50% of the total strategic developments, in the global deep packet inspection and processing market in the last three years. Many key vendors adopted this strategy to avail the benefits of technology upgradation. SolarWinds, Viavi Solutions, NetScout, and Qosmos are some of the key market players who have adopted this growth strategy.

* In September 2019, Enea launched Qosmos Probe 2.1, a Deep Packet Inspection (DPI) sensor that enables advanced cyber threat detection and forensics. It can also be integrated with open-source and commercial cybersecurity solutions.
* In May 2019, Extreme Networks launched the ExtremeAI Security application, which leverages artificial intelligence and machine learning to identify and remediate advanced threats against IoT devices.
* In February 2019, Cisco completed the acquisition of Singularity Networks, a network infrastructure analytics company. This acquisition will help Cisco provide improved network performance, cost- efficiency, more visibility, and less downtime to its clients.
* In January 2019, IBM partnered with Juniper Networks to manage Juniper Network's existing infrastructures, which include data centers, help desks, and data and voice networks. As per this partnership, IBM would combine its services platform with Watson to manage Juniper Network's IT infrastructure.

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