In 2021, the global Network Probe Market was worth USD 509 million. It is projected to grow at a compound annual growth rate of (CAGR) 12.1 % between 2022 and 2032.
Network Probe Market Demand
The rise in network complexity and security concerns and the increasing demand for network probes will drive the market growth.
Market growth can be attributed largely to increasing network complexity and security concerns. The market growth is also being driven by the increasing need to fix network downtime and the stress caused by the rapid rise in IP traffic. A growing number of companies are moving to cloud-based technology, which is creating a demand for well-established network frameworks. A network probe, a network traffic protocol analyzer, and a monitor analyzer provide real-time information about network traffic status. It gives information about the volume and type of network traffic and helps users to identify potential bottlenecks or issues in their computer network. This market is growing because of the increasing demand from small businesses to manage networks. By selecting the right time interval, network monitoring tools allow users to monitor both past and present statistics of their networks.
Image source:market.usDriving Factors
The rise in network complexity and security concerns has driven the demand for network probing.
The adoption of new technologies has led to rapid growth in interconnectivity between devices and virtualization technology. This has resulted in an increase in cyber-attacks and security breaches. Therefore, a mechanism to test network performance and ensure security is needed. Enterprises have begun to implement network probes in order to gain a deeper understanding of the network infrastructure. The network probe solution provides security for wired and wireless networks, as well as overall network security. This reduces the risk of cyberattacks.
Network Probe Market Restraints Factors
Restraint: Inadequacy in technical granularity
Network probes cannot provide extreme visibility or control. The network probe tools cannot reach blind spots. Network problems can lead to wasted effort and lower profits. Organizations can use granularity-level deep extrem analysis to identify problems and high-risk communications in real time.
Network Probe Market Trends
The introduction of analytics and Cloud technology are major factors in the increasing demand for network probe. There is also a growing demand for proactive monitoring solutions. The cybersecurity management market will continue to grow due to the increasing demand. The market share for network probes is expected to grow due to improved cloud computing capabilities and an increase in cloud-based infrastructure around the globe.
Additionally, IoT and cloud adoptions, along with growing network complexity and security issues, all support network probes. However, the market expansion is hampered by a lack of technical expertise. Nevertheless, the increasing demand for network monitoring tools by SMEs will support market growth and provide lucrative opportunities for market players.
All major industries use the internet for their day-to-day business operations. This has a favorable effect on the market size.
Recent Developments:
SolarWinds announced in April 2021 a partnership with DNSFilter. This partnership will help MSPs protect their customers from online security threats using advanced DNS technology. DNSFilter will integrate its cloud-based security system with N-Central, providing MSPs with content filtering and threat protection.
Broadcom and Google announced a partnership in April 2021 to help accelerate innovation and improve cloud service integration. Broadcom can now offer its suites via the Google Cloud Platform thanks to this collaboration.
Market Key Players:
Some of the key players in the market are SolarWinds Worldwide, ExtraHop Networks (US), LLC (US), NETSCOUT (US), Broadcom (US), IBM Corporation (US), Cisco (US), Nokia (Finland), ManageEngine (US), NEC Corporation (Japan), AppNeta (US), Catchpoint (US), Riverbed Technology (US), Plixer, LLC (US), Accedian (Canada), Cubro Network Visibility (Austria), Paessler AG (Germany), Progress Software Corporation (US), Nagios Enterprises, LLC (US), Dynatrace LLC. (US), HelpSystems (US), Micro Focus (UK), Kentik (US), ObjectPlanet, Inc. (Norway), Flowmon Networks a.s. (Czech Republic), and Enea Qosmos (France).
Network Probe Market Segmentation
The segmentation of the global probe market is based on components, organization size, and deployment mode. End users are also included.
The market for network probes has been divided into solutions and services based on its component. The service segment includes consulting, integration, deployment, training, support, and maintenance.
The market for network probes has been divided into two segments based on the size of organizations: small and medium-sized businesses (SMEs) or large enterprises.
Based on deployment mode, the market for network probes has been divided into on-premises and cloud. The network probe market is segmented based on end users. Further, the enterprises segment can be classified as BFSI (IT and ITeS), government and other.
The study covers North America, Europe and Asia-Pacific.
Frequently Asked Questions
What is the size of the Network Probe Market?
The Network Probe Market was valued at USD 509 Million in 2021. It is projected to grow to $ 1788.05 Million by 2032.
What is Network Probe Market?
The Network Probe Market is expected to expand at a compound annual rate of 12.1 % between 2021 and 2032, reaching $1788.05 Million in 2032.
Which segment had the largest share of the Network Probe Market?
With a 30.0% share in 2020, North America was the market leader in network probes. This segment growth can be attributed largely to the presence of prominent market players like IBM, Cisco, SolarWinds, and others from the region.
What factors are driving the Network Probe Market?
The market growth is driven by two key factors: the increasing demand for network probing, due to increased network complexity and security concerns, and the rising demand for network monitoring tools from SMEs.
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