Home > Electronics & Media > Network Packet Broker Market

Network Packet Broker Market Size, By Bandwidth (1 Gbps& 10 Gbps, 40 Gbps, 100 Gbps), End-user (Enterprises [Large Enterprises, SMEs], Service Providers, Government), COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2022 – 2028

  • Report ID: GMI2930
  • Published Date: Mar 2022
  • Report Format: PDF

Industry Trends

Network Packet Broker Market size exceeded USD 600 million in 2021 and is anticipated to grow at a CAGR of over 5% from 2022 to 2028. The market growth is attributed to the growing demand for improving the effectiveness of the network visibility and monitoring tools.
 

Network Packet Broker Market Overview

Get more details on this report - Request Free Sample PDF
 

The network packet broker also helps enterprises to optimize the application performance and solve the network problems. The increasing number of cyberattacks on the enterprise network infrastructure is also fueling the market expansion. The growing market demand for improved bandwidth across data centers is another factor supporting the industry progression.
 

The COVID-19 restrictions severely impacted the supply chain of the IoT and networking devices. The work-from-home trend increased the demand for the networking solutions, but supply chain disruptions slightly restricted the demand for network packet brokers during the pandemic.
 

In Canada, 1Gbps and 10 Gbps segment will dominate the market

Network Packet Broker Market Share

Get more details on this report - Request Free Sample PDF
 

In Canada, 1 Gbps and 10 Gbps bandwidth segment held 50% of the market share in 2021 led by the wide adoption of low bandwidth networking devices across SMEs and government organizations. Companies are required to monitor, maintain, and manage distributed networks and thus are developing network monitoring & testing solutions that support 1 - 10 Gbps data packet transmission. Telecom companies are focusing on network capacity optimization by leveraging 1 & 10Gbps network speed.
 

In the UK, the growing cloud acceptance of SMEs is fostering the network packet broker market value

In the UK, SMEs segment is expected to witness 5% growth rate through 2028 due to the increasing popularity of SaaS-based solutions across SMEs. SMEs majorly rely on cost-effective and scalable networking solutions that can be easily deployed over their network infrastructure. The growing cloud technology usage across SMEs is supporting the industry growth.
 

In China, the government end-user segment is poised to grow significantly

Network Packet Broker Market Size

Get more details on this report - Request Free Sample PDF
 

In China, government end-user is estimated to attain a CAGR of 10% till 2028 owing to the growing demand for improving network visibility across the government organizations. The digital infrastructure across the government offices is prone to cyber-threats, and extensive traffic may result in unprecedented outage, resulting in the threat to national security; thus, the governments should deploy advanced network monitoring and security solutions. Furthermore, the enterprises operating in the market also offer advanced network visibility solutions to federal governments.
 

North America region will grow exponentially

North America Network Packet Broker Market

Get more details on this report - Request Free Sample PDF
 

North America network packet broker market is predicted to reach USD 300 million by 2028 on account of the extensive penetration of wireless networking devices and the rising adoption of cloud-based network infrastructure across the region. The surging number of data centers and the mounting internet penetration across the region are supporting the industry expansion. The major network packet broker solution provider companies in the region are offering innovative network packet products.
 

Innovative product development is the key market strategy adopted by the leading industry players

Some of the key companies operating in the market include APCON, Inc, Arista Networks, Inc., Broadcom Inc., CGS Tower Networks Ltd., Cisco Systems, Inc., cPacket Networks Inc., Cubro Network Visibility, Datacom Systems Inc., Extreme Networks, Inc., Garland Technology LLC, Gigamon Inc., Keysight Technologies, Microtel Innovation S.r.l, NetScout Systems, Inc, Network Critical, Niagara Networks, Profitap HQ B.V., and VIAVI Solutions, Inc.
 

The leaders are emphasizing on the development of innovative network packet broker solutions for various industry applications. For instance, in October 2021, Keysight Technologies, Inc., introduced a new series of Industrial Visibility solutions that included the network packet broker Vision T1000 Packet Aggregator that enables electric utilities to meet demand for North American Electric Reliability Corporation (NERC) Critical Infrastructure Protection (CIP) monitoring requirements. This initiative helped the company to enhance its technological capabilities.
 

The market research report on network packet broker includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2018 to 2028 for the following segments:

Market, By Bandwidth

  • 1 Gbps and 10 Gbps
  • 40 Gbps
  • 100 Gbps

Market, By End-user

  • Enterprises
    • Large Enterprises
    • SMEs
  • Service Providers
  • Government

The above information has been provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Australia and New Zealand
  • Latin America
    • Brazil
    • Mexico
    • Argentina
    • Colombia
  • MEA
    • South Africa
    • UAE
    • Saudi Arabia
    • Israel

 

Authors: Preeti Wadhwani, Smriti Loomba

Frequently Asked Questions (FAQ) :

The global market size of network packet broker crossed USD 600 million in 2021 and is predicted to observe more than 5% CAGR during the forecast period of 2022-2028.

In Canada, the 1 GBPS and 10 GBPS bandwidth segment captured a 50% of the market share in 2021 due to the high demand for low bandwidth networking devices among government organizations and SMEs.

In the U.K., SMEs is anticipated to record 5% CAGR through 2028 as SaaS-based solutions are gaining traction among small-scale businesses.

North America market is expected to reach USD 300 million by 2028 as the region is witnessing large-scale penetration of wireless networking devices and the growing use of a cloud-based network infrastructure.

Prominent industry players are Arista Networks, Inc., APCON, Inc, Cisco Systems, Inc., CGS Tower Networks Ltd., Broadcom Inc., Cubro Network Visibility, and Datacom Systems Inc., among others.

Buy Now

Access to only 1 person; cannot be shared; cannot be printed
Access for 2 to 5 users only within same department of one company
Access to a company wide audience; includes subsidiary companies or other companies within a group of companies

Premium Report Details

  • Base Year: 2021
  • Companies covered: 18
  • Tables & Figures: 260
  • Countries covered: 20
  • Pages: 220

Get a report that explains COVID-19 impact on this market

 Request Free Sample

Budget constraints? Get in touch with us for special pricing

Request Discount