Network Packet Broker Market - Global Forecast to 2023: Surge in Internet Multimedia Content and Web Applications Driving the Market
DUBLIN, Sept. 19, 2018 /PRNewswire/ --
The "Network Packet Broker Market by Bandwidth (1 and 10 Gbps, 40 Gbps, 100 Gbps), End User (Enterprises (Large, Small and Medium-Sized), Service Providers, Government Organizations), and Geography - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The network packet broker market is expected to reach USD 849.4 million by 2023 from USD 585.4 million in 2018, at a CAGR of 7.73% between 2018 and 2023.
Major drivers for the growth of the market are need for simplified data center management and automation, high demand for cloud services, and surge in internet multimedia content and web applications.
Of all the major end users of network packet brokers, enterprises hold the largest share of the network packet broker market. Increasing enterprise applications require high-performance connectivity, constant uptime, high throughput, and high reliability to manage a vast amount of data. To address these requirements, network packet brokers are being adopted in enterprises.
Large enterprises across different industries have been increasingly adopting the digitization to improve their business processes. Also, the revolutionizing digitization in healthcare, e-commerce, banking, and education is the key driver for enterprise data centers, which will eventually drive the growth of the market for network packet brokers.
Among bandwidth, during the current times, the adoption of 1Gbps bandwidth NPBs is declining, relegated to low-bandwidth applications and legacy devices. The most common type of NPBs now is 10Gbps. 10Gbps network packet broker capture traffic from access switch uplinks and aggregation/core switches, which usually run at a speed of 10Gbps and higher.
The 1 and 10 Gbps bandwidth network packet brokers are widely adopted across various sectors such as enterprises, telecoms, government organizations, and other service providers. Currently, network packet brokers with high bandwidth are gaining a lot traction in the market. As a result, the prices for 1 and 10 Gbps NPBs have been declining, which drives the adoption of these NPBs for the optimum network development. It is owing to these factor the market for 1 and 10 Gbps network packet broker is expected to hold the largest market share in 2018.
There has been continuous increase in demand for network packet brokers, especially in enterprises, owing to the increasing demand of network management. Moreover, factors such as data center monitoring, virtualization and cloud computing have prompted companies to enhance network monitoring for superior network security, thereby fueling the market for NPBs.
Enterprises
Enterprises mostly rely on network traffic analyzer solutions to optimize their network infrastructure on a daily basis. Enterprises spend huge amounts of money on network resources to keep their network up and running all the time. This takes up a major portion of their time, leaving them with no time to form new strategies for the efficient use of network resource. Network packet brokers provide an effective way to manage and analyze the entire network, centralize, virtualize, and provide real-time applications and bandwidth management of the network to deliver critical business applications at a high speed.
Service Providers
Globally, the need for service providers is increasing at a rapid pace. Service providers comprise telecom, managed service providers (MSPs), internet service providers (ISPs), and cloud service providers (CSPs). These service providers use network packet brokers to manage, analyze, and optimize the entire network infrastructure.
Government Organizations
Gigamon (US) held the leading position in the global network packet broker market in 2017. The company offers a wide range of network TAPs, packet brokers, and aggregators for traffic analysis and monitoring purposes. In September 2017, the European Broadcasting Union partnered with Gigamon to strengthen its traffic visibility for faster incident diagnosis and network security. The company has a full product portfolio for network packet brokers, thereby providing a whole range of deployments-from small to very large industries.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Opportunities in the Network Packet Broker Market
4.2 Network Packet Market, By Bandwidth, 2018-2023 (USD Million)
4.3 Network Packet Broker Market in North America, By End-User, 2018
4.4 Geographic Snapshot of the Market
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Need for Simplified Data Center Management and Automation
5.2.1.2 High Demand for Cloud Services
5.2.1.3 Surge in Internet Multimedia Content and Web Applications
5.2.2 Restraints
5.2.2.1 Presence of Self-Reliant Enhanced Servers
5.2.3 Opportunities
5.2.3.1 Rising Trend of Bare-Metal Switches
5.2.3.2 Growing Bandwidth Requirements in Data Centers
5.2.4 Challenges
5.2.4.1 Compatibility With Different Data Center Architectures
6 Network Packet Broker Market, By Bandwidth
6.1 Introduction
6.2 1 Gbps and 10 Gbps
6.3 40 Gbps
6.4 100 Gbps
7 Network Packet Broker Market, By End-User
7.1 Introduction
7.2 Enterprises
7.3 Service Providers
7.4 Government Organizations
8 Geographic Analysis
9 Competitive Landscape
9.1 Overview
9.2 Key Players in Network Packet Broker Market
10 Company Profiles
10.1 Key Players
10.1.1 Gigamon
10.1.2 NetScout
10.1.3 Ixia
10.1.4 APCON
10.1.5 VIAVI Solutions
10.1.6 Cisco
10.1.7 Garland Technology
10.1.8 Broadcom
10.1.9 Juniper Networks
10.1.10 Big Switch Networks
10.1.11 Zenoss
10.2 Other Players
10.2.1 Network Critical
10.2.2 Corvil
10.2.3 CALIENT
10.2.4 Netgear
10.2.5 Motadata
For more information about this report visit https://www.researchandmarkets.com/research/fw5cpq/network_packet?w=5
Did you know that we also offer Custom Research? Visit our Custom Research page to learn more and schedule a meeting with our Custom Research Manager.
Media Contact:
Laura Wood, Senior Manager
[email protected]
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
SOURCE Research and Markets
Share this article