The global network packet broker market size was valued at USD 749.91 Million in 2022 and is expected to surpass USD 1486.63 Million by 2031, expanding at a CAGR of 7.9% during the forecast period, 2023–2031. Rising demand for high-speed networking packet products and the increasing use of effective data management solutions among business enterprises is expected to boost the market during the forecast period.
The surge in the number of data centers and the increasing expansion of cloud platforms are key trends in the market, which are expected to accelerate the overall market expansion during the forecast period. The solution is widely used by various companies across industries such as telecoms, government organizations, and other service providers, considering the wide benefits of using the technology.
A Network Packet Broker (NPB) is a technology-based solution that can provide key insights about traffic levels across a network. It offers several monitoring tools to allow effective analysis of network packets and identify solutions to improve network traffic. Using the solutions, users can optimize their network development and operate highly efficient data management systems, which help in the smooth functioning of business operations.
The research report finds that the COVID-19 pandemic propelled the network packet broker market. Companies were forced to upgrade their digital platforms to shape a proper communication system for employees and provide a system to cope with the crisis in order to continue their normal operations during the crucial time of the pandemic. Shifting majorly to digital components and solutions requires a robust networking system to ensure high connectivity, which resulted in the rapid expansion of the market.
Impact of Artificial Intelligence on the Network Packet Broker Market
Artificial Intelligence (AI) is anticipated to fuel the network packet broker market in the coming years. The use of next-generation network packet brokers allows organizations to become agile and align their IT strategies with their business goals. Moreover, AI can help IT teams rapidly find the root cause that disrupts running applications and originate in the network.
The problems can be easily detected and solutions can be implemented quicker. The use of AI technology is expected to change how networks are set up, optimized, and managed. It allows the automation of repetitive tasks, including mundane tasks. Thus, market players can achieve greater heights with the integration of AI and are welcoming new growth opportunities.
Network Packet Broker Market Dynamics
Major Drivers
Rising demand for high-speed network systems and solutions along with the adoption of bring your own devices (BYOD) methods among business enterprises is expected to boost the market during the forecast period. The expansion of data centers and the high adoption of cloud-based computing platforms for secured networks by various industrial sectors present another key driver of the market. Increasing demand for advanced data center management and high adoption of the Internet of Things (IoT) is likely to fuel the market.
Existing Restraints
High cost of the SaaS-based network monitoring solutions and the lack of experts handling these solutions are major restraining factors. The presence of self-reliant servers is anticipated to hamper the market expansion. Moreover, issues with compatibility with various data center architectures are expected to hinder market growth in the coming years.
Emerging Opportunities
Massive R&D programs and technological advancements for the development of innovative wireless networking systems are projected to create immense growth opportunities for the market. Companies are increasingly focusing on launching advanced network packet brokers that are compatible with the latest hardware and technologies such as 4G LTE and 5G. For instance,
Additionally, the rising trend of bare-metal switches and increasing bandwidth requirements in data centers is likely to boost market growth and offer new opportunities.
Scope of the Network Packet Broker Market Report
The market report includes an assessment of the market trends, segments, and regional markets. Overview and dynamics have also been included in the report.
| Attributes |
Details |
| Report Title |
Network Packet Broker Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
| Base Year |
2022 |
| Historic Data |
2016–2021 |
| Forecast Period |
2023–2031 |
| Segmentation |
Bandwidth (1 GBPS to 40 GBPS, 41 GBPS to 80 GBPS, 81 GBPS to 100 GBPS, and above 100 GBPS), Network Set-up (Cloud and On-premise), and End-user (Government Organizations, Service Providers, and Enterprises [Large Enterprises and Small & Medium-sized Enterprises]) |
| Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
| Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, Market Trends, and Revenue Forecast |
| Key Players Covered in the Report |
VIAVI Solutions Inc.; Plixer, LLC.; Cisco Systems, Inc.; cPacket Networks; NETSCOUT; Gigamon; Apcon Network Packet Broker; Garland Technology; Keysight Technologies; Network Critical; Datacom; 5FeetNetworks Oy; Pico Quantitative Trading LLC; Microtel Innovation S.r.l; ECI TELECOM; Juniper Networks, Inc.; Arista Networks, Inc.; Profitap HQ B.V.; CGS Tower Networks; and Niagara Networks |
Network Packet Broker Market Segment Insights
Bandwidths Segment Analysis
Based on bandwidths, the global network packet broker market is divided into 1 Gbps-40 Gbps, 41 Gbps-80 Gbps, 81 Gbps-100 Gbps, and above 100 Gbps. The 1 Gbps-40 Gbps segment is expected to expand at a rapid pace during the forecast period. The majority of data centers worldwide are running on average of 10-40 Gbps speeds, which provide sufficient internet network speed for a range of activities for large business enterprises. The 41 Gbps-80 Gbps segment is anticipated to account for a major market share during the forecast period, owing to the rising need for simplified data center management and automation.
Network Set-up Segment Analysis
On the basis of network set-up, the market is segmented into cloud and on-premise. The cloud segment is projected to expand at a considerable CAGR during the forecast period, due to the increasing adoption of cloud computing and the rising number of multimedia content on the internet. The on-premise segment is anticipated to account for a major market share during the forecast period, owing to rising investments and increased consumer spending.
End-users Segment Analysis
On the basis of end-users, the global network packet broker market is segregated into government organizations, service providers, and enterprises. The enterprises segment is further bifurcated into large enterprises and small & medium-sized enterprises. The enterprises segment is anticipated to register a considerable CAGR during the forecast period, owing to the rising need to upgrade advanced networking solutions among large enterprises. The rising expansion of business operations and rapid digital transformation among business enterprises are key drivers boosting the segment.
Regional Analysis
In terms of regions, the global network packet broker market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America accounted for a key market share and is expected to surpass USD 345 million by 2030. The regional market growth is attributed to the early adoption of novel wireless networking devices and the rapid increase in the adoption of cloud-based networks among business enterprises based in the region.
The market in Asia Pacific is expected to expand at a rapid pace during the forecast period, due to the rising enhancement of the network infrastructure and rising usage of portable devices in the region. Moreover, the rapidly growing smart infrastructure such as 5G in the region creates new opportunities for regional players for market expansion.
Segments
The global network packet broker market has been segmented on the basis of
Bandwidths
- 1 Gbps-40 Gbps
- 41 Gbps-80 Gbps
- 81 Gbps-100 Gbps
- Above 100 Gbps
End-users
- Government Organizations
- Service Providers
- Enterprises
- Large Enterprises
- Small & Medium-sized Enterprises
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- VIAVI Solutions Inc.
- Plixer, LLC.
- Cisco Systems, Inc.
- cPacket Networks
- NETSCOUT
- Gigamon
- Apcon Network Packet Broker
- Garland Technology
- Keysight Technologies
- Network Critical
- Datacom
- 5FeetNetworks Oy
- Pico Quantitative Trading LLC
- Microtel Innovation S.r.l
- ECI TELECOM
- Juniper Networks, Inc.
- Arista Networks, Inc.
- Profitap HQ B.V.
- CGS Tower Networks
- Niagara Networks.
Competitive Landscape
Key players competing in the global network packet broker market share are VIAVI Solutions Inc.; Plixer, LLC.; Cisco Systems, Inc.; cPacket Networks; NETSCOUT; Gigamon; Apcon Network Packet Broker; Garland Technology; Keysight Technologies; Network Critical; Datacom; 5FeetNetworks Oy; Pico Quantitative Trading LLC; Microtel Innovation S.r.l; ECI TELECOM; Juniper Networks, Inc.; Arista Networks, Inc.; Profitap HQ B.V.; CGS Tower Networks; and Niagara Networks.
Some of these key players have adopted a series of business development strategies such as launching new high-band networking models and upgrading their existing networking platforms with advanced technology to sustain in the network packet broker market.
- In October 2022, Keysight Technologies, Inc. is a prominent technology company that offers advanced solutions to support innovation and enhance global security and connectivity. This company launched the Vision 400 Series Network Packet Brokers, which provide enhanced visibility in high-speed 400G hybrid networks.
Request For Customization
Enquiry Before Buying
Speak With Analyst
