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Network Packet Broker Market in Enterprises Solutions is Projected to Witness High Adoption Rate by 2024

Author : Ronak Bora | Published Date : 2019-04-15 

Network Packet Broker Market Report added by Global Market Insights, Inc. offers industry size, share, growth, trends and forecast analysis up to 2024. The market report also covers top key players, porters five forces analysis and market segmentation in detail. This report examines the global network packet broker market and provides information regarding the revenue for the period 2018 to 2024.

The rising advent of BYOD in organizations have resulted into enormous growth of big data and cyberthreats across the organization. As the traffic volumes increase exponentially is necessary to provide enhanced services with higher speed, increased security, compliance and analytics, resulting into a growth in the demand for network packet broker market. It enhances incident analysis by allowing IT and security processes to gain security intelligence and situational awareness surrounding intrusion and extrusion occurrences. This has enabled enterprises to accelerate their incident response operations, in turn raising the demand for network packet broker market.

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The network packet broker market solutions are adopted in various application verticals including government organizations, enterprises and service providers. The market is witnessing a huge adoption rate from the enterprises due to their increasing bandwidth requirement coupled with rise in the enterprise data. Companies operating in this market are also innovating advanced solutions to deliver enhanced services to the enterprises.

For instance, in November 2017, Ixia introduced a new software version of its network packet broker device. This new solution will transform open switches in network packet brokers providing data center visibility to the enterprises. It also offers access to network packets facilitating real-time visibility and security for high density networks.

The growth in the internet services, social media, IoT, and web applications has resulted into exponential growth in the network traffic causing the risk of service degradation and network outages. The network packet brokers assist in creating scalability, relieving oversubscription of monitoring tools and deliver centralized monitoring.

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Furthermore, the rising bandwidth necessity in data centers and increasing trend of bare-metal switches also creates huge growth opportunities in the market. The adoption of these devices has created new challenges including the difficulty in managing network connections and monitoring traffic flows at scale. Hence, IT organizations are adopting network packet broker solutions to solve these challenges with increased scalability and flexibility.

North America dominates the network packet broker market due to the rising adoption of IT and cloud services along with growth in the new data center technologies. The region is also home to some of the leading cloud service providers including IBM cloud, Microsoft Azure, and Google cloud platform increasing the market demand.

The network packet broker market is highly competitive due to the existence of a substantial number of players in the space. Some of the major players present in the market are NetScout Systems, Inc, Gigamon, Ixia, Broadcom Inc., APCON, Inc., Network Critical, Motadata, Netgear Inc. Corvil, Big Switch Networks, Inc., Juniper Networks, Inc., Cisco Ssytems Inc., and Zenoss Inc.

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About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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