The network probe market is anticipated to have a steady CAGR of 12.5% during the period 2022 to 2032.
The demand for network probes is predicted to grow from USD 571.6 Million in 2022 to USD 1.9 Billion in 2032. Previously, the network probe market was thriving at a higher CAGR of 14% (2016 to 2021), resulting in a market size of USD 509 Million in 2021.
The increased security concerns and network complexity can be related to the network probe market's rise. Simultaneously, the necessity to manage network downtime issues and stress caused by the exponential increase in IP traffic is fuelling the expanding network probe market adoption. A growing number of businesses are embracing the latest cloud-based technologies, necessitating the use of well-established network frameworks. This is transforming the network probe market outlook.
| Attributes | Details |
|---|---|
| Network Probe Market CAGR (2022 to 2032) | 12.5% |
| Network Probe Market Size (2022) | USD 571.6 Million |
| Network Probe Market Size (2032) | USD 1.9 Billion |
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As per the network probe market analysis, device interconnection and virtualization technology have grown rapidly as a result of the increased usage of modern technologies. As a result, the rate of cyber and unauthorized access has skyrocketed, prompting the creation of a comprehensive network efficiency and security evaluation system.
Companies are starting to deploy network probes to comprehend their network design. Network probe solutions safeguard both wired and wireless networks, as well as the core system, reducing the danger of cyberattacks. The demand for network probes is on a steady rise owing to the changing global requirements.
Despite a global rise in the demand for network probes, there are still a few restrictions that continue to hamper the growth of the network probe market share. Network probes aren't designed to provide a high level of visibility and control. The network probing tools are unable to access certain blind areas in the network. If there were any network challenges, it would be a costly process.
The network probe market's growth is projected to be hampered by high initial investment and a lack of awareness. The market is constrained because small and medium-sized organizations have smaller resources and cannot finance substantial capital outlay in outsourced network probing technologies. The adoption of network probes is still limited due to this factor.
The network probe market size's growth is also projected to be hampered by a lack of understanding about the benefits of network probing tools among small and medium businesses. This lack of awareness about the network probe market needs to be dealt with to increase the growth of the industry.
Major driving factors of the rising demand for network probes include the introduction of analytics and cloud technology, as well as the rising demand for proactive monitoring solutions. With the growing requirement for cybersecurity management, the network probe market is expected to grow significantly in the future. Improved cloud computing capabilities and an increase in the number of cloud-based infrastructures throughout the world are driving up network probe market share.
The expanding adoption of cloud and IoT, as well as growing network complexities and security issues, support the need for the adoption of network probes. On the other hand, a lack of technical expertise stifles the network probe market expansion. Nonetheless, the growing demand for network monitoring tools among SMEs is expected to support market growth, providing lucrative growth opportunities for network probe market participants.
The Internet is used by all major industries for day-to-day business activities, which has a favourable impact on the network probe market size. Furthermore, the increasing adoption of network probe capabilities in emerging enterprises is accelerating the network probe market share.
In 2020, the on-premise segment led the network probe market, accounting for more than 61.0 percent of worldwide revenue. When opposed to cloud-based solutions, on-premise network monitoring gives you more control over your network. This sort of deployment is preferred by IT experts because it allows them to customize solutions to match their specific needs.
One of the primary drivers driving the adoption of network probes is the benefits provided by this deployment, such as performance reliability to service providers.
Over the projected period, the cloud segment of the network probe market is expected to increase at the fastest rate. The increased adoption of cloud-based software by enterprises to avoid the burden and expense of administering a system can be contributed to the segment's growth. Cloud-based software's smooth integration capability is contributing to its rising demand.
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In 2020, the large companies segment led the network probe market, accounting for more than 53.0 percent of global revenue. Large organizations working in situations like geographically dispersed locations, cloud as a service architecture, and others are vulnerable to threats like cyber-attacks, necessitating the use of network monitoring software.
The growing investments made by large corporations to address cyber-attack worries are adding to the network probe market segment's growth.
Over the projected period, the small and medium enterprise segment is expected to increase the most. To stay competitive in the market, many small and medium enterprises are adopting the bring your own device and Internet of Things trends.
There is a growing demand for IT infrastructure to accommodate enterprises' increasing network traffic. As a result, the network probe market size is rising due to increased network traffic in small business activities.
The greatest market for network probe technology is in North America. The network probe market's growth is fuelled by the existence of important industry players such as SolarWinds, NETSCOUT, and Broadcom, as well as significant technological advancements.
In addition, the region's network probe market size is boosted by increasing demand and early acceptance of cloud-based platforms, as well as well-established IT and telecom industries.
The regional demand for network probes is bolstered by the expanding use of innovative solutions and the growing number of SMEs in the region. The market is rising due to a growing focus on innovation, significant Research and Development investments, and an increase in the number of IT firms in the region.
The emerging trends in the network probe market are influenced by the increased need for technology and services for web applications, mobile applications, API monitoring, and SaaS application monitoring.
The APAC network probe market is expected to grow rapidly in the next few years. APAC is one of the world's fastest-growing regions. With the ongoing advancement of technology, the volume of data flow within corporate networks is steadily increasing.
As a result, the number of cyber-attacks such as malware, virus, and denial-of-service (DoS) on enterprise networks has increased, driving up demand for network probing solutions among businesses in the area, particularly in fast-growing countries like China, Japan, and India.
| Regions | CAGR (2022 to 2032) |
|---|---|
| United States | USD 597.8 Million |
| United Kingdom | USD 82.3 Million |
| China | USD 132.4 Million |
| Japan | USD 110.8 Million |
| South Korea | USD 69.9 Million |
This network probe market appears to be extremely competitive and fragmented, with a competitive landscape formed by multiple mature firms. Mergers and acquisitions, collaborations, expansion, and product/technology development are all examples of strategic tactics taken by these players. They invest much in product development and growing their global footprints.
Some of the recent developments in the network probe market are:
SolarWinds and DNSFilter announced a collaboration in April 2021 to help MSPs defend their customers from internet security risks using advanced DNS technology. DNSFilter's cloud-based security solution would be integrated with N-Central to deliver threat protection and content filtering to MSPs.
Broadcom and Google established a partnership in April 2021 to accelerate innovation and increase cloud services integration. Broadcom will be able to provide its suites on the Google Cloud Platform as a result of the partnership.
Nokia teamed with Tele2 in January 2021 to speed its digitalization using a distributed cloud core. Nokia will deliver the NetAct Network Management System as part of the agreement to help protect, automate, and scale network management operations.
North America
The network probe market is projected to have a CAGR of 12.5% during the forecast period.
North America is the leading region, with an anticipated CAGR of 11.9% through 2032.
Cloud segment leads the market with the projected CAGR of 10.9% through 2032.
The network probe market is predicted to grow USD 1.9 Million by 2032.
Solution component leads the network probe market with the projected CAGR of 11.6% through 2032.
| Market Value (2024) | USD 12.20 billion |
|---|---|
| Expected Forecast Value (2034) | USD 51.89 billion |
| Projected CAGR (2024 to 2034) | 15.6% |
| Market Size (2022E) | USD 51.25 Billion |
|---|---|
| Market Size (2032F) | USD 289.41 Billion |
| Value CAGR (2022 to 2032) | 18.9% |
| Market Value (2022) | USD 20,872.2 Million |
|---|---|
| Market Forecast Value (2032) | USD 79,199 Million |
| Market CAGR (2022 to 2032) | 14.3% |
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