Network Packet Broker Market - By Bandwidth (1 Gbps& 10 Gbps, 40 Gbps, 100 Gbps), End-user (Enterprises [Large Enterprises, SME], Service Providers, Government) & Forecast, 202-2028

Network Packet Broker Market Size

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.
 

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.
 

Network Packet Broker Market Analysis

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

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 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.
 

Network Packet Broker Market Share

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
• 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:

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Market, By Bandwidth

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

Market, By End-user

• Enterprises
  • Large Enterprises
  • SME
• 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