The overall network probe market is expected to account for a valuation of USD 455.97 Million in 2020, registering a CAGR of ~13.8% during the forecast period. The base year considered for the study is 2020, and the market size forecast is given for the period from 2021 to 2027.
A network probe is an ideal network monitor and protocol analyzer, allowing users to monitor network traffic in real-time and identify the source of any network slowdowns in seconds. It will indicate which protocols are active on the network, which hosts are sending and receiving data, where the traffic originates, and when all of this exists. Network Probe provides a quick summary of the network's most active protocols, communicators, receivers, hosts, and conversations. A probe is an action, or an object, used in telecommunications to gain information about the state of the network. For instance, an empty message can be sent to see if the destination exists. Ping is a standard utility for sending such a probe. A probe is a program or other device implanted at a critical junction in a network to monitor or gather data about network activities. It is an attempt to obtain access to a computer and its data through a known or likely weak point in the computer system, as it is related to computer security in a network.
Global trade has been flipped upside down as a result of COVID-19. The COVID-19 pandemic has unavoidably resulted in an increase in the usage of digital technologies owing to social distancing conventions and statewide lockdowns. People and organizations worldwide have had to adapt to new ways of doing business and dwelling. As technology advances, more businesses and educational institutions are embracing work-from-home options (WFH). As a result, network administrators rely on network monitoring tools to help quickly recognize device or connection failures and issues such as traffic bottlenecks that limit data flow to remotely monitor the devices on a network. These systems can send email or SMS alerts to administrators in the event of an incident and offer reports via network analytics.
The major factors driving the growth of the network probe market are the growing adoption of cloud and IoT and the increasing demand for continuous network probes due to the rise in network complexities and security concerns. However, the lack of technical granularity is expected to hinder market growth to a certain extent. Nevertheless, growth in the demand for network monitoring tools among SMEs is expected to present lucrative growth opportunities for the market players.
The modern digital world is immersed in the Internet of Things-powered technologies. Smart devices and sensors can collect and translate data into business insights faster, cheaper, and more accurately than before. Many firms have understood the tremendous value of leveraging IoT technologies to drive business decisions, and many key business processes typically include some element of IoT technology. Enterprises using IoT at scale will need to develop a strategic plan to address the cyber risks connected with the technology while also remaining compliant with ever-increasing regulatory requirements. Some of the top security challenges in IoT can be effectively managed with the broad coverage of security capabilities, such as device operating system patching, improper encryption mechanisms, device default factory settings, device shadow, device event logging, and distributed denial of service attacks, among many others. The cloud network probe service is used to monitor the quality of VPC network connections, such as latency, packet loss rate, and other essential metrics. The cloud probe can capture all network traffic based on the constraints set by the network administrator. If the network administrator activates the promiscuous mode, the cloud probe records all network traffic. If promiscuous mode is deactivated, the cloud probe only records traffic entering and exiting the system on which it is hosted. The increased deployment of IoT devices will make them targets for attacks.
Traffic volumes are exploding in data centers due to the rising efficiency and density of highly virtualized cloud computing infrastructures. A single application or storage server can now create bi-directional flow rates in over tens of billions of packets per day, with an aggregate daily traffic in many cloud data centers quantifiable in petabytes and beyond, owing to connections at speeds of 10Gbps, 25Gbps, and 50Gbps. Multi-path 100Gbps ethernet spine and leaf topologies are becoming the norm to handle these loads. Traditional techniques of recording and evaluating traffic flows demand a drastic change in density and performance for data aggregation and visibility because of the massive volumes of traffic. Moreover, network probes are not designed to provide a high level of visibility and control. The network probing tools are unable to access certain dark areas in the network. There would be a waste of time and revenues if there were any network issues. Organizations can use granularity-level deep extreme analysis to detect problems and high-risk communication in real-time.
Value Chain Analysis
The global network probe market has witnessed significant growth in the past decade due to technological changes and is expected to grow at a steady rate in the next few years. The value chain analysis of the network probe market comprises four major levels: hardware/software providers, cloud vendors/service providers, system integrators, and end users.
The global network probe market has been segmented based on component, organization size, deployment mode, end users, and region.
Based on the component, the network probe market has been segmented into solution and services. The service segment covers consulting, integration and deployment, training, and support.
Based on organization size, the network probe market has been segmented into small and medium-sized enterprises (SMEs) and large enterprises.
Based on the deployment mode, the network probe market has been segmented into cloud and on-premises.
Based on the end users, the network probe market has been segmented into service providers and enterprises. The enterprises segment is further classified into BFSI, IT and ITeS, government, and others.
The regions included in the study are North America, Europe, Asia-Pacific, the Middle East & Africa, and South America.
Global Network Probe Market, 2018–2027 (USD Billion)
Source: MRFR Analysis
Geographically, the network probe market has been categorized into North America, Europe, the Asia-Pacific, the Middle East & Africa, and South America. North America is likely to be the dominant regional market due to the quick adoption of advanced technologies in developed countries—the US, Canada, and Mexico. This is mainly because the region is one of the most technologically advanced regions with the presence of a large number of market players such as SolarWinds Worldwide, LLC (US), NETSCOUT (US), Broadcom (US), IBM Corporation (US), and Cisco (US). Asia-Pacific is expected to register the highest CAGR during the forecast period due to the growing utilization of advanced technologies. The growth of the regional market is expected to be driven by the rising adoption of modern technologies and the increasing number of SMEs. The increased adoption of advanced technologies, focus on innovations obtained from R&D and technology, a growing number of IT organizations, and ongoing R&D projects are expected to boost the network probe market in Asia-Pacific during the forecast period.
The global market for network probe has witnessed significant growth over the forecast period due to the growing network stress due to the exponential rise in IP traffic and complex IT infrastructure. There are several domestic, regional, and global players operating in the network probe market who continuously strive to gain a significant share of the overall market. The key market participants are investing in research & development activities to drive organic growth and increase their market shares. In addition, these players are engaging in new touchpoint type development to expand and strengthen their existing touchpoint type portfolios and acquire new consumers
The global network probe market is characterized by the presence of several regional and local providers. Some of the key players in the market are SolarWinds Worldwide, LLC (US), NETSCOUT (US), Broadcom (US), IBM Corporation (US), Cisco (US), Nokia (Finland), NEC Corporation (Japan), AppNeta (US), Catchpoint (US), Accedian (Canada), Paessler AG (Germany), ManageEngine (US), Progress Software Corporation (US), Nagios Enterprises, LLC (US), Dynatrace LLC. (US), HelpSystems (US), Riverbed Technology (US), ExtraHop Networks (US), Micro Focus (UK), Cubro Network Visibility (Austria), Plixer, LLC (US), Kentik (US), ObjectPlanet, Inc. (Norway), Flowmon Networks a.s. (Czech Republic), and Enea Qosmos (France).
This study estimates revenue growth at global, regional, and country levels and offers an overview of the latest developments in each of the sub-sectors from 2018 to 2027. For this analysis, MRFR segmented the global network probe market has been segmented based on components, organization size, deployment mode, vertical, and region.
|Market Size||2020- USD: 455.97 Million|
|Forecast Units||Value (Million)|
|Segments Covered||• By Component (Solution and Services (Consulting, Integration and Deployment, and Training and Support)) • By Organization Size (SMEs and Large Enterprises) • By Deployment Mode (On-Premises and Cloud) • By End Users (Service Providers and Enterprises (BFSI, IT and ITeS, Government, and Others))|
|Geographies Covered||• North America (US, Canada, and Mexico) • Europe (UK, Germany, France, and Rest of Europe) • Asia-Pacific (China, Japan, India, and Rest of Asia-Pacific) • Middle East & Africa • South America|
|Key Vendors||• SolarWinds • NETSCOUT • Broadcom • IBM • Cisco • Nokia • NEC • AppNeta • Catchpoint • Accedian • Paessler • ManageEngine • Progress • Nagios • Dynatrace • HelpSystems • Riverbed • ExtraHop • Micro Focus • Cubro • Plixer • Kentik • ObjectPlanet • Flowmon • Qosmos|
|Key Market Opportunities|
|Key Market Drivers||• Drivers • Growing adoption of cloud and IoT • Increasing demand for continuous network probe due to the rise in network complexities and security concerns • Restraint • Lack of technical granularity • Opportunity • Growth in the demand for network monitoring tools among SMEs • Impact of COVID-19 • Impact on the IT industry • Impact on IT expenditure by organizations • Impact on overall market y-o-y from 2020 to 2027|
~ 13.8% CAGR is expected to transform the market.
The Asia-Pacific regional market is projected to be the major driver of the market.
The segments in the market are components, organization size, deployment mode, and vertical.
The major contenders in the market are SolarWinds, NETSCOUT, Broadcom, IBM, Cisco.