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

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

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

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