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Network Packet Broker Market Size

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

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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.

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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 Report Attributes
Report Attribute	Details
Base Year:	2021
Network Packet Broker Market Size in 2021:	600 Million (USD)
Forecast Period:	2022 to 2028
Forecast Period 2022 to 2028 CAGR:	5%
2028 Value Projection:	1 Billion (USD)
Historical Data for:	2018 to 2020
No. of Pages:	220
Tables, Charts & Figures:	260
Segments covered:	Bandwidth, End-user and Region
Growth Drivers:	Growth in the adoption of IoT and BYOD devices Rising popularity of SaaS-based network monitoring solutions Growing demand for cloud services Increasing demand for simplified data center management
Pitfalls & Challenges:	Compatibility issues due to prevalence of legacy systems Availability of self-reliant enhanced servers

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Authors: Preeti Wadhwani

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.