Network Packet Broker Market Analysis

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.