Network Probe Market Statistics: 2031
The global network probe market was valued at $508.7 million in 2021, and is projected to reach $1.4 billion by 2031, growing at a CAGR of 10.6% from 2022 to 2031.
To monitor network traffic in real-time and quickly identify the causes of any networking shutdowns, a network probe is a suitable network monitor and protocol analyzer accessible. A probe is a tool or piece of software that transforms packet-based network traffic into a metadata format that can be analyzed. Depending on the traffic and application, many methods are utilized to do this. Both user traffic and high-volume traffic, such as video material, are handled through Deep Packet Inspection (DPI) and machine learning. The packets are analyzed, and the pertinent data is collected for signaling traffic.
Utilizing a probe is meant to minimize the volume of data so that it can be processed. Depending on the specific method, the data reduction typically ranges from a factor of 1000 to 10,000. A network probe-based attack comprises two stages. The virus will initially do a port scan or ping sweep on the network. If it discovers a susceptible device, it will use the malware assault to infect that particular device. Second, after the virus is installed, the host device joins the infection chain since it not only lets hackers access the network whenever they want but also searches the internet for more vulnerable machines. The infection spreads as a result of the malware's ability to copy itself from computer to machine.
The global network probe market research is segmented into components, deployment model, organization size, end use vertical, and regions. Based on components, the market is bifurcated into solutions and services. Based on deployment model, the market is segmented into on-premises and cloud-based. By organization size, the market is categorized into large enterprises and SMEs. Based on the end use vertical the market is segmented into IT & telecom services, government, BFSI, and others.
The network probe market is expected to witness notable growth during the forecast period, owing to the growing adoption of the cloud and the internet of things (IoT). Furthermore, the rise in the need for automated network visibility and preventing downtime and network performance failure and increasing demand for continuous network probes due to the rise in network complexities and security concerns have driven the growth of the market. However, the lack of technical knowledge of network probes is the prime factor restraining the market growth. On the contrary, the surge in internet penetration and the adoption of smart, and the rise in ICT spending are expected to propel the network probe market growth during the forecast period.
Device connectivity and virtualized have recently risen as a result of the growing use of current technologies, according to the network probe market report. A thorough network efficiency and security evaluation method were developed as a result of the exponential increase in cyber and unauthorized access. To better understand their network design, corporations are beginning to deploy network probes. Network probe solutions protect the main system as well as wired and wireless networks, lowering the risk of cyberattacks. As a result of shifting worldwide requirements, the demand for the network probe market is steadily increasing.
The expansion of the market might be ascribed to the complexity of networks and rising security concerns. In addition, the stress brought on by the exponential increase in IP traffic and the necessity to address network outage concerns is accelerating market expansion. There is a growing demand for proven network frameworks as more businesses migrate to the newest cloud-based technology. A network probe is a protocol and monitor analyzer that offers users real-time information about the condition of network traffic. It helps them find possible bottlenecks and problems in the computer network by providing information on the amount and kind of network traffic. The market is expanding as a result of the rising demand for network management among small firms and IT departments. tools for observing networks.
Several regional governments are taking initiatives to support and expand the presence of Cloud-based as well as promote the adoption of digital services and tools, which further drives the market growth. For instance, the Indian government launched the ‘Digital India’ mission to provide electronic delivery of services and universal access to mobile connectivity among citizens and Cloud-based, making the country digitally empowered in the field of technology. Such advancements and strategic initiatives to promote the adoption of digital tools and server systems among Cloud-based will create numerous opportunities for the growth of the market. The recent trends exhibit several large organizations switching toward cloud adoption in developed and developing regions, including North America, Europe, and Asia-Pacific. This factor has propelled the demand for network probes among Large Enterprises to improve day-to-day network operations, which is expected to drive the network probe market growth globally.
The expansion of the network probe market might be ascribed to the complexity of networks and rising security concerns. In addition, the stress brought on by the exponential increase in IP traffic and the necessity to address network outage concerns is accelerating market expansion. There is a growing demand for proven network frameworks as more businesses migrate to the newest cloud-based technology. A network probe is a protocol and monitor analyzer that offers users real-time information about the condition of network traffic. It helps them find possible bottlenecks and problems in the computer network by providing information on the amount and kind of network traffic. The market is expanding as a result of the rising demand for network management among small firms and IT departments. tools for observing networks.
Region-wise, the network probe market trends are analyzed across North America (U.S. and Canada), Europe (Germany, Italy, France, Spain, UK, and the rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and Rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa). North America, specifically the U.S. and Canada, remains a significant participant in the global network probe industry.
Top Impacting Factors
Due to the increasing usage of the cloud and the internet of things, the network probe market is anticipated to expand significantly over the course of the projected period (IoT). The market has expanded as a result of the rising need for automated network visibility, reducing downtime and network performance failure, and continual network probes because of the complexity of networks and security concerns. However, the main issue impeding market expansion is a lack of technical expertise in network probing. On the other hand, it is anticipated that throughout the projected period, the network probe market would develop due to the surge in internet penetration, the adoption of smart devices, and the increase in ICT investment.
Growing Adoption of Cloud Computing and the Internet of Things (IoT)
The network probe industry is undergoing rapid expansion, with increased concentration on remote networking and cloud-based solution adoption. New entrants are creating automated and machine learning advanced solutions such as artificial intelligence (AI) and the internet of things (IoT) to provide enriched network consultancy. As established vendors in related markets are focusing more on cloud computing solutions to ensure a high level of network flexibility and efficient services for consumers.
Rise in Need of Automated Network Visibility and Preventing Downtime and Network Performance Failure
The infrastructure has to be monitored, including all of the devices linked to it and all of the data flowing over the network ecosystem. The application of a network probe is the ideal method for keeping an eye on connection speeds and identifying productivity delays. Automated network mapping tools can provide a thorough perspective of even the most complex ecosystems in the context of network monitoring. Therefore, network probe parts help to prevent unforeseen disturbances. The ability to recognize warning indicators that might point to a device failure or network issue is an important feature of network probe solutions. This helps to detect the issue and save downtime, which fuels the network probe market for network probes.
Competition Analysis
Competitive analysis and profiles of the major network probe market players, such as Broadcom Inc., Cisco Systems, Inc., Cubro Network Visibility, IBM Corporation, Microsoft Corporation, Nokia Corporation, NetScout, Plixer, LLC, Paessler AG, and SolarWinds Worldwide, LLC are provided in this report.
For example, Nokia Corporation partnered with Tele2 in January 2021, to hasten its digitalization by utilizing a distributed cloud core. As part of the arrangement, Nokia will provide the NetAct Network Management System, which aids in securing, automating, and scaling network management activities. For instance, Broadcom Inc. and Google formed cooperation in April 2021, n order to boost the integration of cloud services and drive innovation. As a result of the cooperation, Broadcom was able to offer its suites on the Google Cloud Platform.
Key Benefits for Stakeholders
This study comprises an analytical depiction of the network probe market size along with the current trends and future estimations to depict the imminent investment pockets.
The overall network probe market analysis is determined to understand the profitable trends to gain a stronger foothold.
The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
The current network probe market forecast is quantitatively analyzed from 2021 to 2031 to benchmark financial competency.
Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the network probe market.
The report includes the market share of key vendors and network probe market share.
Network Probe Market Report Highlights
| Aspects | Details |
 Market Size By 2031 | USD 1.4 billion |
 Growth Rate | CAGR of 10.6% |
 Forecast period | 2021 - 2031 |
 Report Pages | 202 |
 By Component |
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 By Deployment Model |
|
 By Organization Size |
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 By End Use Vertical |
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 By Region |
|
 Key Market Players | Cisco Systems, Inc., Plixer, LLC, Nokia Corporation, Cubro Network Visibility, Broadcom Inc., IBM Corporation, Microsoft Corporation, paessler ag, SolarWinds Worldwide, LLC, netscout |
Analyst Review
As network visibility for network security has increased, the market for network probes is experiencing rapid growth. The demand for next-generation network detection and response solutions to enhance performance and visibility boosts the market expansion. The network probe market is driven by the development of big data analytics and cloud technologies, as well as the rising need for proactive monitoring solutions. Due to the growing requirement for cybersecurity network probe market growth is anticipated during the forecast period. Increased cloud computing capabilities and an increase in the amount of cloud-based infrastructure globally increase market revenue.
The competitive environment in this market is expected to intensify with an increase in technological enhancements, product extensions, and different strategies adopted by key vendors. For instance, in September 2022, Broadcom Inc. developed the “Trident 4” StrataXGS BMC56880 series of ASICs for enterprise-class data center switches to have security features that protect the edge of the network from the safety and centrality of the core. Due to an increase in ICT investment, the market for network probe market is anticipated to expand significantly during the forecast period.
In addition, the growing adoption of cloud & IoT, increasing network complexities, and security concerns substantiate the demand for the network probe market. The rising demand for network monitoring tools among small and medium enterprises supports market growth as it presents lucrative growth opportunities for the market players. For instance, in March 2020, Cisco System Inc, product Cisco FindIT Network Management provided enhanced tools that help monitor and manage Cisco 100 to 500 Series network. This product is installed at each site in the network, performs network discovery, and communicates directly with each Cisco device. Such a product assists company managers to monitor and safely track a firm’s privileged information.
Region-wise, North America exhibits the highest adoption of network-connected devices around the world and has been experiencing a massive expansion of the market. On the other hand, Asia-Pacific and Europe are expected to grow at a faster pace, predicting lucrative growth, owing to emerging countries, such as the UK, Germany, China, Japan, and India investing in network performance. Regions, such as the LAMEA, are also expected to offer new opportunities for the network probe in the future.
The key players profiled in the report include Broadcom Inc., Cisco Systems, Inc., Cubro Network Visibility, IBM Corporation, Microsoft Corporation, Nokia Corporation, NetScout, Plixer, LLC, Paessler AG, and SolarWinds Worldwide, LLC. To promote organic growth and solidify their positions in the network probe market, all these market participants are investing a significant amount into R&D activities. To provide an enhanced network probe that helps to find out the sources of any network slowdown in a few seconds and helps to monitor network traffic in a real-time scenario the market players are placing a major focus on mergers and acquisitions and strategic alliances. Therefore, all these factors have propelled the growing demand for the network probe market, during the forecast period.
The rise in ICT spending and increase in internet penetration are the upcoming trends of the Network Probe Market in the world.
IT & telecom services, government, and BFSI are the leading end use verticals of the Network Probe Market.
North America is the largest regional market for Network Probe.
508.7 million is the estimated industry size of Network Probe.
Currently Microsoft Corporation, IBM Corporation, Cisco Systems, Inc., Broadcom Inc., and SolarWinds Worldwide, LLC. are some of the leading players in the global network probe market.
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