Global Network Packet Broker Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027

Global Network Packet Broker Market Overview:

“The global Network Packet Broker Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”

This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market.

In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.

Network packet broker, also known as NPB, is a device that offers a collection of monitoring tools and is placed between infrastructure of device and tools. It re-strengthens network security by providing security, monitoring, and acceleration on tools for their applications. It also removes repetitive data and protects your monitoring tools from being overloaded. NPB helps in staying in control of the network and its security.

Dynamics:

Growing demand for simplified data center management is a major factor driving growth of the global network packet broker market. In addition, increasing number of connecting devices, coupled with growing security concerns is resulting into growing demand for monitoring and security tools. Thus, these factors are anticipated to support growth of the global market.

Moreover, rising adoption of cloud computing is another factor fueling growth of the target market. Furthermore, increasing number of multimedia content on Internet is also expected to boost growth of the global network packet broker market in the near future.

However, network packet brokers are expensive and not standard as each device operates and manages differently. These factors may hamper growth of the global network packet broker market. In addition, presence of alternative technology is another factor that could affect growth of the global market. Nevertheless, growing use of bare metal switches and introduction of cost-effective network packet broker can create high revenue opportunities for players in the target market.

Segment Analysis:

On the basis of end user, the enterprise segment is expected to witness highest growth in terms of revenue and is anticipated to witness high growth in the near future. Growing network infrastructure and real time data applications, and bandwidth management are factor expected to support growth of this segment in the global market.

Regional Analysis:

Currently, market in North America account for major share in terms of revenue, and is expected to maintain its position over the forecast period. Presence of highly developed IT infrastructure and early adoption of new technologies are factors driving growth of the target market in this region. In addition, presence of prominent players is another factor propelling growth of the network packet broker market in North America region.

Asia Pacific market in anticipated to witness fastest growth in terms of revenue in the near future, followed by Europe. Increasing number of small and medium-sized enterprises and increasing government initiatives for technological developments especially in emerging economies are some of the major factors fueling growth of the network packet broker market in this region.

Global Network Packet Broker Market Segmentation:

Segmentation by bandwidth:

• 100 Gbps
• 40 Gbps
• 1 and 10 Gbps

Segmentation by end-user:

• Government organization
• Enterprise
  • Small and Medium-sized Enterprise (SME)
  • Large Enterprise
• Service Provider

Segmentation by region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa