Network Probe Market Size, Share, and Industry Report [2031]

Report Description

Network Probe Market Outlook 2031:

The global network probe market size was valued at USD 562.62 Million in 2022 and is projected to reach USD 1.39 Billion by 2031, expanding at a CAGR of 10.6% during the forecast period 2023 - 2031. A network probe is a sophisticated protocol analyzer that aids in the acquisition and analysis of data traffic via a communication channel.

In a matter of seconds, the network probe can pinpoint the source of any network slowness, as well as monitor network traffic in real time. Security teams and IT departments can use network probes to gather performance analysis and network traffic of captured data in order to discover network traffic problems or suspected malicious behavior.

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Network Probe Market Trends, Drivers, Restraints, and Opportunities:

• The network probe provides an outline of the most active listeners, protocols, hosts, talkers, and talks on a network, as well as notifying and proactively resolving any anomalies before they become problematic.
• Small and medium-sized businesses have limited budgets and cannot afford large upfront investments in outsourced network probe technologies, which limits the market growth.
• The market growth is projected to be hampered by a lack of understanding about the benefits of network probing tools among small and medium businesses.

Scope of the Network Probe Market report:

The report on the global network probe market includes an assessment of the market, size, share, trends, segments, and regional markets. The study includes an overview as well as dynamics.

Global Network Probe Market Segment Insights:

The service segment is anticipated to grow at a significant CAGR during forecast period.

Based on components, the global network probe market is segmented into solution and services. The service segment is further classified into consulting, integration & deployment, and training & support. The solution segment held significant market share in 2020. Businesses use network probe technologies to monitor network traffic, including evasive and encrypted communication.

The service segment is anticipated to grow at a significant CAGR during forecast period. Consulting services for network probes assist businesses in tackling the difficulties and opportunities associated with networking infrastructure. They also assist firms in strategically interconnecting and prioritizing operations, networking, and business needs. Companies in this field offer a whole range of services, including evaluation, strategy, deployment, and design, as well as continuous management and monitoring.

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The cloud segment is projected to hold substantial market share during the forecast period

Based on deployment mode, the global network probe market is bifurcated into cloud on-premise. The on-premise segment accounted for a significant market share in 2020. On-premise network monitoring gives more control over network. This sort of deployment is preferred by IT experts because it allows them to customize solutions to match their specific needs.

Additionally, one of the major factor driving the segment is the benefits provided by this deployment, such as performance reliability to service providers. The cloud segment is projected to hold a substantial market share during the forecast period. The increased adoption of cloud-based software by enterprises to avoid burden and expense of administering a system contribute to the segment growth. Cloud-based network monitoring solutions allow users to access the platform from any device or location.

The small & medium enterprises segment is expected to hold major market share

On the basis of enterprise size, the global network probe market is fragmented into large enterprises and small & medium enterprises. The large enterprise segment held a significant market share in 2020. Large organizations working in situations like geographically dispersed locations, cloud as a service architecture, and others are vulnerable to threats like cyber-attacks, necessitating the use of network monitoring software.

Furthermore, growing investments made by large corporations to address cyber-attack worries are adding to the segment's growth. The small and medium enterprises segment is expected to expand at a substantial rate during the forecast period. To stay competitive in the market, many small and medium enterprises are adopting the bring your own device and internet of things trends. As a result, there is a growing demand for IT infrastructure to accommodate enterprises' increasing network traffic.

The service providers segment is expected to grow at a rapid pace

In terms of end-user the global network probe market is segmented into service providers and enterprises., The enterprises segment is further divided into BFSI, government, IT & telecom, and others. The service providers segment is expected to grow at a rapid pace during the forecast period. Service providers are seeing an increase in demand for upgraded network technology due to increased adoption of 5G and internet of things, which has resulted in an increasing demand for network probes.

Furthermore, the tremendous volume of data flowing through data centers has necessitated the development of improved network monitoring techniques. Service providers aim on providing a robust network that includes greater performance, security, and visibility in order to give a better subscriber experience and outperform their competition.

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North America accounted for a significant market share in 2020

On the basis of regions, the global network probe market is classified as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America accounted for a significant market share in 2020. The presence of major market players such as IBM, Cisco, SolarWinds, and others in the region has contributed to the segment growth.

The industry is also being driven by the increased deployment of 5G technology in the region. Network probes are frequently used by businesses to streamline office operations, convey information more quickly, and execute internal processes more efficiently.

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