The network probe market is predicted to increase at a CAGR of 12.5% during the forecast period, from US$ 571.6 Million in 2022 to US$ 1.9 Billion by 2032.
To some extent, network probes market expansion is projected to be hampered by a lack of technological granularity. Nonetheless, increased demand for network monitoring tools among SMEs is projected to give network probes market participants with lucrative development prospects.
The COVID-19 pandemic outbreak has had a favorable influence on network probes market growth. Network probes enable enterprises to monitor network traffic in real time, reducing the need for wasteful office trips.
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Furthermore, the pandemic has affected the way organizations function, with an increase in the use of work-from-home options. As a result, the usage of network probes to assist enterprises in improving network performance and security concerns is increasing.
During the projection period, the United States led the network probe market. The United States is a critical network probe market for the adoption of innovative technology. The country’s strong financial situation allows it to invest extensively in the adoption of cutting-edge tools and technology to ensure corporate operations.
The network probe market in Asia Pacific is expected to rise rapidly over the forecast period, owing to increased investment by key network probe market players in providing solutions across geographies.
Key Takeaways from the Network Probe Market Report:
In the component sector, solution from the network probe market is anticipated to flourish at the quickest CAGR of 11.6%.
With a CAGR of 10.9%, the cloud is predicted to grow significantly in the deployment sector of the Network probe market.
The size of the network probe market in the United States is expected to reach US$ 597.8 Million by 2032, growing at a CAGR of 11.9% during the forecast period.
The United Kingdom is expected to reach a market size of US$ 82.3 Million in Network probes by 2032, with a CAGR of 11.2% during the forecast period.
China’s Network probe market is expected to be worth US$ 132.4 Million by 2032, with a CAGR of 11.7% over the forecast period.
Japan is expected to have a market size for Network probes of US$ 110.8 Million by 2032, with a CAGR of 11.2% during the forecast period.
By 2032, South Korea is expected to reach a market size of US$ 69.9 Million in Network probes, with a CAGR of 10.7% during the forecast period.
Competitive Landscape:
NETSCOUT is a network probe market leader in business assurance, a potent mix of cybersecurity, business intelligence, and service assurance solutions.
Broadcom, Inc. is a technology firm that creates, produces, and sells infrastructure software and semiconductor solutions. The company distributes its application across several clouds and on-premises while dealing with the problems of dealing with a complicated maze of networks composed of linked multi-protocol endpoints.
Leading Key Players:
SolarWinds Worldwide, LLC, International Business Machines Corporation, Cisco Systems, Inc., Nokia Corporation, NEC Corporation, AppNeta, Catchpoint, Accedian, Paessie AG, ExtraHop Networks, Flowmon Networks A.S., Cubro Network Visibility, and Micro Focus are other key players in the global network probe market.
Recent Developments:
SolarWinds announced a partnership with DNSFilter in April 2021 to assist MSPs in defending consumers from internet security risks using sophisticated DNS technology. DNSFilter plans to connect its cloud-based security solution with N-Central to deliver threat prevention and content filtering to MSPs.
Broadcom established a relationship with Google in April 2021 to accelerate innovation and increase cloud services integration. Broadcom may be able to deliver its suites on Google Cloud Platform as a result of the collaboration.
Nokia teamed with Tele2 in January 2021 to advance its digitalization using distributed cloud core. Nokia would deliver NetAct Network Management System as part of the agreement to enhance protect, automate, and expand network management operations.
IBM announced a new relationship with AWS in December 2021 to help clients simplify and enhance their security visibility across AWS and hybrid cloud deployments. Integrating IBM’s security solutions with AWS’ security service would provide more visibility and insight into the most significant concerns across AWS environments.
NETSCOUT announced the continuation of its long-term relationship with Vodafone in December 2020, to give real-time, end-to-end visibility throughout Vodafone’s hybrid environment. The InfiniStreamNG platform from NETSCOUT assists Vodafone in intelligently and effectively analyzing packet and flow data for a unified view and control of its services, networks, and applications.
