Network Packet Broker Market revenue to cross USD 1 Bn by 2028: Global Market Insights Inc.

The cmarket for government sector is estimated to attain a CAGR of 5% till 2028 led by the increasing popularity of cloud computing technology across the government sector

SELBYVILLE, Del., April 4, 2022 /PRNewswire/ -- The network packet broker market size is anticipated to record a valuation of USD 1 billion by 2028, according to the most recent study by Global Market Insights Inc. The increasing number of security threats due to the adoption of connected devices to connect onto work-related resources is driving the market growth. Connected devices are more vulnerable to cyberattacks as they store a huge amount of user data such as names, email addresses, financial information, and other confidential information.

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40 Gbps segment captured 25% of the network packet broker market share in 2021. 40 Gbps network packet broker solutions provide high power and flexibility of network traffic management. They help the network engineers to easily solve application performance issues. They offer several benefits such as easy to configure, enhanced network visibility, develop high bandwidth pillar between packet broker and remote sites, and support a huge number of monitoring appliances.

The large enterprises are estimated to register growth of 5% during 2022 to 2028 led by the increasing trend of remote connectivity across large enterprises. Large enterprises are increasingly using network packet broker solutions to improve their business processes and transform their network infrastructure. They use applications that require enhanced performance connectivity and high reliability to manage a large amount of data, increasing the popularity of network packet broker solutions as network packet broker solutions.  

The government sector in the network packet broker market is poised to expand at more than 5% growth rate through 2028 owing to the growing popularity of cloud computing technology across the government sector. Government agencies are extensively adopting advanced reliable technologies in order to process their data and reduce the risks of security threats. The network packet broker solutions offer several benefits such as improved operational efficiency, flexibility, scalability, protection against cyberthreats, remote configuration, and others.

Europe network packet broker market is projected to grow exponentially on account of the growing adoption of advanced technologies and increasing demand for 5G network. The well-established telecom sector in the region is another factor supporting the market expansion. The major leaders operating in the region are extensively working on developing advanced network packet broker solutions.

The major players operating in the market are Broadcom Inc., Cisco Systems, Inc., Garland Technology, Gigamon, NetScout Systems, Inc., and Keysight Technologies. The companies are focusing on forming strategic partnerships to expand their product portfolio.

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Chapter 3 Network Packet Broker Market Insights

3.1  Introduction

3.2  COVID-19 impact

3.2.1  Impact by region

3.2.2  Impact by competitive landscape

3.2.2.1  Strategy

3.2.2.2  Distribution

3.2.2.3  Business growth

3.2.3  Impact by value chain

3.2.3.1  Research and development

3.2.3.2  Marketing

3.2.3.3  Supply

3.3  Network packet broker industry ecosystem analysis

3.3.1  Network monitoring tools providers

3.3.2  Network packet broker providers

3.3.3  Cloud service providers

3.3.4  Marketing and distribution

3.3.5  End-users

3.3.6  Profit margin analysis

3.3.7  Vendor matrix

3.4  Industry evolution

3.5  Technology & innovation landscape

3.5.1  Network automation

3.5.2  Network Perfomance Monitoring

3.6  Regulatory landscape

3.7  Investment portfolio

3.8  Patent analysis

3.9  Industry impact forces

3.9.1  Growth drivers

3.9.2  Industry pitfalls & challenges

3.10  Growth potential analysis

3.11  Porter's analysis

3.12  PESTEL analysis

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About Global Market Insights Inc.

Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.

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SOURCE Global Market Insights Inc.