Global Network Packet Broker Market

Network Packet Broker Market Size, Share, Growth Analysis, By Bandwidth(1 Gbps and 10 Gbps, 40 Gbps, 100 Gbps), By End-user(Enterprises, Large Enterprises, SMEs, Service Providers), By Region - Industry Forecast 2024-2031


Report ID: SQMIG15A2269 | Region: Global | Published Date: February, 2024
Pages: 157 |Tables: 65 |Figures: 70

Network Packet Broker Market Insights

Global Network Packet Broker Market size was valued at USD 749.91 Million in 2022 and is poised to grow from USD 809.15 Million in 2023 to USD 1486.63 Million by 2031, growing at a CAGR of 7.9% during the forecast period (2024-2031).

The network packet broker (NPB) market is witnessing substantial growth in response to the escalating complexity of modern networks. NPBs are critical components that optimize network monitoring and security operations by intelligently distributing, filtering, and forwarding network traffic to various tools and systems. As networks evolve to accommodate larger volumes of data, diverse applications, and enhanced security requirements, the demand for NPBs has surged.

The NPB market caters to various industries, including telecommunications, finance, healthcare, and IT, where reliable network monitoring and security are paramount. The market’s largest share rests in North America, followed by Europe and Asia-Pacific.

Drivers of the NPB market include the growing adoption of cloud computing, increasing network complexity, and stringent data security regulations. The rise of IoT devices, 5G networks, and the need for real-time analytics also contribute to market growth. However, this particular market also faces a number of challenges including high capital investment amounts and complex system implementation.

To address these challenges, industry players are focusing on developing scalable and adaptable NPB solutions that can meet the demands of evolving network landscapes. Overall, the NPB market is poised for sustained expansion as organizations seek robust solutions to manage and secure their intricate network ecosystems.

Market Snapshot - 2024-2031

Global Market Size

USD 749.91 Million

Largest Segment

1 Gbps-40

Fastest Growth

41 Gbps-80 Gbps

Growth Rate

7.9% CAGR

Global Network Packet Broker Market ($ Bn)
Country Share for North America Region (%)

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Network Packet Broker Market Segmental Analysis

The network packet broker market is segmented by bandwidth, end-user, and region. Based on bandwidth the market is segmented as, 1 gbps and 10 gbps, 40 gbps, 100 gbps. Based on end-user the market is segmented as, enterprises, large enterprises, smes, service providers, government. Based on region the market is segmented as, North America, Europe, Asia Pacific, Latin America, MEA.

Analysis By Bandwidth

Notably, the 1 Gbps-40 Gbps segment is poised for rapid expansion in the forecast period. This growth can be attributed to the prevalence of data centers operating within the 10-40 Gbps bandwidth range. This range effectively caters to a spectrum of activities for large enterprises, ensuring sufficient internet network speed.

Moreover, the 41 Gbps-80 Gbps segment is projected to hold significant market prominence during the forecast period. This prominence stems from the escalating demand for streamlined data center management and automation. As organizations prioritize efficient handling and processing of data traffic within their networks, the demand for solutions offered by this bandwidth range experiences a corresponding surge.

Analysis By End-User

Forecasts indicate that the enterprise segment is poised to exhibit a noteworthy CAGR over the projected period. This growth trajectory can be attributed to the increasing demand within large enterprises for advanced networking solutions. As business operations expand and digital transformation accelerates across enterprises, the demand for improved networking capabilities becomes a significant driver propelling this segment's growth.

Global Network Packet Broker Market By Bandwidth, 2023 (%)

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Network Packet Broker Market Regional Insights

North America stands as a prominent market due to the rapid adoption of advanced networking technologies, increasing data traffic, and the strong presence of major technology companies. The region's emphasis on network security and data management further fuels the demand for network packet brokers.

Europe follows the suit, driven by the consistent expansion of data centers, the surge in adoption of cloud, and the implementation of stringent data privacy regulations. Region's well-established IT infrastructure and focus on digitalization contribute to the uptake of network packet broker solutions.

Asia-Pacific exhibits substantial growth potential, attributed to the rapid digital transformation, increasing internet penetration, and burgeoning demand for data centers in countries like China and India. The proliferation of 5G networks and the escalating adoption of IoT devices further elevate the need for robust network monitoring and management tools.

Global Network Packet Broker Market By Region, 2024-2031
  • Largest
  • Fastest

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Network Packet Broker Market Dynamics

Drivers

Rising Network Complexity

  • The proliferation of IoT devices, cloud computing, and the advent of 5G networks have led to heightened network complexity. Network packet brokers provide vital visibility and management tools in this intricate landscape.

Data Security Concerns

  • With the increasing frequency and sophistication of cyber threats, organizations prioritize network security. Network packet brokers facilitate real-time monitoring and threat detection, enhancing data protection.

Restraints

Complex Implementation

  • Network packet brokers can be a bit tricky to deploy and integrate with current network architecture. For many businesses, ensuring seamless integration and operation presents a hurdle.

High Initial Investment

  • Budget-conscious companies may be discouraged by the initial expenses of implementing and buying network packet brokers, as well as the training expenditures involved in making efficient use of them.

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Network Packet Broker Market Competitive Landscape

The network packet broker market is very competitive, with both well-established competitors and up-and-coming businesses vying for customers with cutting-edge network monitoring and optimization solutions. Important players in the field include, among others, market leaders Gigamon, Keysight Technologies, Ixia (a Keysight Business), and NetScout Systems. These businesses use their technological know-how and wealth of expertise to offer complete network packet broker solutions that meet the changing needs of various industries.

Apart from well-established competitors, a number of up-and-coming vendors are garnering momentum through the introduction of innovative strategies and the targeting of particular niches within the network packet broker ecosystem. In order to fulfill the demands of contemporary networks, these organizations frequently concentrate on sophisticated features including threat detection, scalability, and real-time analytics.

Top Player’s Company Profiles

  • Ixia (a Keysight Business)
  • NetScout Systems
  • VIAVI Solutions Inc.
  • Cubro Network Visibility
  • APCON
  • cPacket Networks
  • Arista Networks
  • Riverbed Technology
  • Broadcom Inc.
  • Juniper Networks
  • Palo Alto Networks
  • Corvil

Recent Developments

  • In August 2023, Cubro Network Visibility introduced a next-generation network packet broker using the most recent P4 programmable processors.
  • In June 2023, Netscout Systems, a top supplier of network packet brokers and other network visibility technologies, was acquired by Spirent Communications.
  • In May 2023, Riverbed Technology introduced a new network packet broker with the goal of streamlining and automating the implementation of network visibility solutions.

Network Packet Broker Key Market Trends

  • Rising Network Complexity: The increasing complexity of modern networks due to factors like IoT, cloud computing, and 5G adoption is driving the need for advanced network monitoring and management solutions like NPBs. These tools provide essential visibility and control over complex network environments.

Network Packet Broker Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Component types team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.

According to our global network packet broker market analysis, the network packet broker (NPB) market is expanding globally, driven by the escalating complexity of modern networks. Segmented by bandwidths such as 1 Gbps-40 Gbps, 41 Gbps-80 Gbps, 81 Gbps-100 Gbps, and above 100 Gbps, the 41 Gbps-80 Gbps range is witnessing substantial demand due to simplified data center management needs. Enterprises, including large and small & medium-sized enterprises (SMEs), are the primary end-users of NPBs. The need for advanced networking solutions and digital transformation among enterprises fuels their adoption. North America and Europe lead due to technological advancements, while the Asia-Pacific region experiences robust growth due to rising digitization and demand for efficient networking solutions. The NPB market thrives on the increasing network complexity, data security concerns, and the expansion of data centers, bolstered by regulatory compliance and the demand for network performance optimization.

Report Metric Details
Market size value in 2023 USD 749.91 Million
Market size value in 2031 USD 1486.63 Million
Growth Rate 7.9%
Forecast period 2024-2031
Forecast Unit (Value) USD Million
Segments covered
  • Bandwidth
    • 1 Gbps and 10 Gbps, 40 Gbps, 100 Gbps
  • End-user
    • Enterprises, Large Enterprises, SMEs, Service Providers, Government
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • Ixia (a Keysight Business)
  • NetScout Systems
  • VIAVI Solutions Inc.
  • Cubro Network Visibility
  • APCON
  • cPacket Networks
  • Arista Networks
  • Riverbed Technology
  • Broadcom Inc.
  • Juniper Networks
  • Palo Alto Networks
  • Corvil
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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Network Packet Broker Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Network Packet Broker Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Network Packet Broker Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Network Packet Broker Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Network Packet Broker Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Network Packet Broker Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQs

Network Packet Broker Market size was valued at USD 749.91 Million in 2022 and is poised to grow from USD 809.15 Million in 2023 to USD 1486.63 Million by 2031, growing at a CAGR of 7.9% during the forecast period (2024-2031).

The network packet broker market is very competitive, with both well-established competitors and up-and-coming businesses vying for customers with cutting-edge network monitoring and optimization solutions. Important players in the field include, among others, market leaders Gigamon, Keysight Technologies, Ixia (a Keysight Business), and NetScout Systems. These businesses use their technological know-how and wealth of expertise to offer complete network packet broker solutions that meet the changing needs of various industries. 'Gigamon', 'Keysight Technologies', 'Ixia (a Keysight Business)', 'NetScout Systems', 'VIAVI Solutions Inc.', 'Garland Technology', 'Cubro Network Visibility', 'APCON', 'cPacket Networks', 'Arista Networks', 'Riverbed Technology', 'Broadcom Inc.', 'Juniper Networks', 'Palo Alto Networks', 'Corvil'

The proliferation of IoT devices, cloud computing, and the advent of 5G networks have led to heightened network complexity. Network packet brokers provide vital visibility and management tools in this intricate landscape.

Rising Network Complexity: The increasing complexity of modern networks due to factors like IoT, cloud computing, and 5G adoption is driving the need for advanced network monitoring and management solutions like NPBs. These tools provide essential visibility and control over complex network environments.

North America stands as a prominent market due to the rapid adoption of advanced networking technologies, increasing data traffic, and the strong presence of major technology companies. The region's emphasis on network security and data management further fuels the demand for network packet brokers.

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