[303 Pages Report] 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 US$ 571.6 Million in 2022 to US$ 1.9 Billion in 2032. Previously, the network probe market was thriving at a higher CAGR of 14% (2016-2021), resulting in a market size of US$ 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) | US$ 571.6 Million |
| Network Probe Market Size (2032) | US$ 1.9 Billion |
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Several countries have enforced rigorous lockdowns, shutdowns, and mobility restrictions in response to the COVID-19 pandemic in place to avert the virus from spreading. Border closures, strict lockdowns, and supply chain concern all function as roadblocks to the deployment of network probe equipment on-site.
The virus has had an impact on worldwide corporate effectiveness and profitability. Internet traffic has increased dramatically as a result of many people using work-from-home facilities as a result of lockdown measures in numerous nations. As a result, network probe solutions are in higher demand to manage the rising connectivity and network risks. This is leading to change in the network probe market outlook and thus the network probe market share is expected to grow following the outbreak.
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.
Principal Consultant
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.
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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.
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 | US$ 597.8 Million |
| United Kingdom | US$ 82.3 Mn |
| China | US$ 132.4 Mn |
| Japan | US$ 110.8 Mn |
| South Korea | US$ 69.9 Mn |
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 US$ 1.9 Million by 2032.
Solution component leads the network probe market with the projected CAGR of 11.6% through 2032.
1. Executive Summary | Network Probe Market
1.1. Global Market Outlook
1.2. Summary of Statistics
1.3. Key Market Characteristics & Attributes
1.4. FMI Analysis and Recommendations
2. Market Overview
2.1. Market Coverage
2.2. Market Definition
3. Market Risks and Trends Assessment
3.1. Risk Assessment
3.1.1. COVID-19 Crisis and Impact on Demand
3.1.2. COVID-19 Impact Benchmark with Previous Crisis
3.1.3. Impact on Market Value (US$ Million)
3.1.4. Assessment by Key Countries
3.1.5. Assessment by Key Market Segments
3.1.6. Action Points and Recommendation for Suppliers
3.2. Key Trends Impacting the Market
3.3. Formulation and Product Development Trends
4. Market Background
4.1. Market, By Key Countries
4.2. Market Opportunity Assessment (US$ Million)
4.2.1. Total Available Market
4.2.2. Serviceable Addressable Market
4.2.3. Serviceable Obtainable Market
4.3. Market Scenario Forecast
4.3.1. Demand in Optimistic Scenario
4.3.2. Demand in Likely Scenario
4.3.3. Demand in Conservative Scenario
4.4. Investment Feasibility Analysis
4.4.1. Investment in Established Markets
4.4.1.1. In Short Term
4.4.1.2. In Long Term
4.4.2. Investment in Emerging Markets
4.4.2.1. In Short Term
4.4.2.2. In Long Term
4.5. Forecast Factors - Relevance & Impact
4.5.1. Top Companies Historical Growth
4.5.2. Global Market Growth
4.5.3. Adoption Rate, By Country
4.6. Market Dynamics
4.6.1. Market Driving Factors and Impact Assessment
4.6.2. Prominent Market Challenges and Impact Assessment
4.6.3. Market Opportunities
4.6.4. Prominent Trends in the Global Market & Their Impact Assessment
5. Key Success Factors
5.1. Manufacturers’ Focus on Low Penetration High Growth Markets
5.2. Banking on with Segments High Incremental Opportunity
5.3. Peer Benchmarking
6. Global Market Demand Analysis 2015 to 2021 and Forecast, 2022 to 2032
6.1. Historical Market Analysis, 2015 to 2021
6.2. Current and Future Market Projections, 2022 to 2032
6.3. Y-o-Y Growth Trend Analysis
7. Global Market Value Analysis 2015 to 2021 and Forecast, 2022 to 2032
7.1. Historical Market Value (US$ Million) Analysis, 2015 to 2021
7.2. Current and Future Market Value (US$ Million) Projections, 2022 to 2032
7.2.1. Y-o-Y Growth Trend Analysis
7.2.2. Absolute $ Opportunity Analysis
8. Global Market Analysis 2015 to 2021 and Forecast 2022 to 2032, By Organization Size
8.1. Introduction / Key Findings
8.2. Historical Market Size (US$ Million) Analysis By Organization Size, 2015 to 2021
8.3. Current and Future Market Size (US$ Million) Analysis and Forecast By Organization Size, 2022 to 2032
8.3.1. Large Enterprises
8.3.2. SMEs
8.4. Market Attractiveness Analysis By Organization Size
9. Global Market Analysis 2015 to 2021 and Forecast 2022 to 2032, By Component
9.1. Introduction / Key Findings
9.2. Historical Market Size (US$ Million) Analysis By Component, 2015 to 2021
9.3. Current and Future Market Size (US$ Million) Analysis and Forecast By Component, 2022 to 2032
9.3.1. Solution
9.3.2. Services
9.3.2.1. Consulting
9.3.2.2. Integration and Deployment
9.3.2.3. Training and Support
9.4. Market Attractiveness Analysis By Component
10. Global Market Analysis 2015 to 2021 and Forecast 2022 to 2032, By End User
10.1. Introduction / Key Findings
10.2. Historical Market Size (US$ Million) Analysis By End User, 2015 to 2021
10.3. Current and Future Market Size (US$ Million) Analysis and Forecast By End User, 2022 to 2032
10.3.1. Service Providers
10.3.2. Enterprises
10.3.2.1. BFSI
10.3.2.2. IT and ITeS
10.3.2.3. Government
10.3.2.4. Others
10.4. Market Attractiveness Analysis By End User
11. Global Market Analysis 2015 to 2021 and Forecast 2022 to 2032, By Deployment Mode
11.1. Introduction / Key Findings
11.2. Historical Market Size (US$ Million) Analysis By Deployment Mode, 2015 to 2021
11.3. Current and Future Market Size (US$ Million) Analysis and Forecast By Deployment Mode, 2022 to 2032
11.3.1. Cloud
11.3.2. On-premises
11.4. Market Attractiveness Analysis By Deployment Mode
12. Global Market Analysis 2015 to 2021 and Forecast 2022 to 2032, By Region
12.1. Introduction
12.2. Historical Market Size (US$ Million) Analysis By Region, 2015 to 2021
12.3. Current Market Size (US$ Million) & Analysis and Forecast By Region, 2022 to 2032
12.3.1. North America
12.3.2. Latin America
12.3.3. Europe
12.3.4. Asia Pacific
12.3.5. Middle East and Africa (MEA)
12.4. Market Attractiveness Analysis By Region
13. North America Market Analysis 2015 to 2021 and Forecast 2022 to 2032
13.1. Introduction
13.2. Pricing Analysis
13.3. Historical Market Value (US$ Million) Trend Analysis By Market Taxonomy, 2015 to 2021
13.4. Market Value (US$ Million) & Forecast By Market Taxonomy, 2022 to 2032
13.4.1. By Country
13.4.1.1. United States of America
13.4.1.2. Canada
13.4.2. By Organization Size
13.4.3. By Component
13.4.4. By Deployment Mode
13.4.5. By End User
13.5. Market Attractiveness Analysis
13.5.1. By Country
13.5.2. By Organization Size
13.5.3. By Component
13.5.4. By Deployment Mode
13.5.5. By End User
14. Latin America Market Analysis 2015 to 2021 and Forecast 2022 to 2032
14.1. Introduction
14.2. Pricing Analysis
14.3. Historical Market Value (US$ Million) Trend Analysis By Market Taxonomy, 2015 to 2021
14.4. Market Value (US$ Million) & Forecast By Market Taxonomy, 2022 to 2032
14.4.1. By Country
14.4.1.1. Brazil
14.4.1.2. Mexico
14.4.1.3. Rest of Latin America
14.4.2. By Organization Size
14.4.3. By Component
14.4.4. By Deployment Mode
14.4.5. By End User
14.5. Market Attractiveness Analysis
14.5.1. By Country
14.5.2. By Organization Size
14.5.3. By Component
14.5.4. By Deployment Mode
14.5.5. By End User
15. Europe Market Analysis 2015 to 2021 and Forecast 2022 to 2032
15.1. Introduction
15.2. Pricing Analysis
15.3. Historical Market Value (US$ Million) Trend Analysis By Market Taxonomy, 2015 to 2021
15.4. Market Value (US$ Million) & Forecast By Market Taxonomy, 2022 to 2032
15.4.1. By Country
15.4.1.1. Germany
15.4.1.2. France
15.4.1.3. United Kingdom
15.4.1.4. Italy
15.4.1.5. Benelux
15.4.1.6. Nordic Countries
15.4.1.7. Rest of Europe
15.4.2. By Organization Size
15.4.3. By Component
15.4.4. By Deployment Mode
15.4.5. By End User
15.5. Market Attractiveness Analysis
15.5.1. By Country
15.5.2. By Organization Size
15.5.3. By Component
15.5.4. By Deployment Mode
15.5.5. By End User
16. Asia Pacific Market Analysis 2015 to 2021 and Forecast 2022 to 2032
16.1. Introduction
16.2. Pricing Analysis
16.3. Historical Market Value (US$ Million) Trend Analysis By Market Taxonomy, 2015 to 2021
16.4. Market Value (US$ Million) & Forecast By Market Taxonomy, 2022 to 2032
16.4.1. By Country
16.4.1.1. China
16.4.1.2. Japan
16.4.1.3. South Korea
16.4.1.4. Rest of Asia Pacific
16.4.2. By Organization Size
16.4.3. By Component
16.4.4. By Deployment Mode
16.4.5. By End User
16.5. Market Attractiveness Analysis
16.5.1. By Country
16.5.2. By Organization Size
16.5.3. By Component
16.5.4. By Deployment Mode
16.5.5. By End User
17. Middle East and Africa Market Analysis 2015 to 2021 and Forecast 2022 to 2032
17.1. Introduction
17.2. Pricing Analysis
17.3. Historical Market Value (US$ Million) Trend Analysis By Market Taxonomy, 2015 to 2021
17.4. Market Value (US$ Million) & Forecast By Market Taxonomy, 2022 to 2032
17.4.1. By Country
17.4.1.1. GCC Countries
17.4.1.2. South Africa
17.4.1.3. Turkey
17.4.1.4. Rest of Middle East and Africa
17.4.2. By Organization Size
17.4.3. By Component
17.4.4. By Deployment Mode
17.4.5. By End User
17.5. Market Attractiveness Analysis
17.5.1. By Country
17.5.2. By Organization Size
17.5.3. By Component
17.5.4. By Deployment Mode
17.5.5. By End User
18. Key Countries Market Analysis 2015 to 2021 and Forecast 2022 to 2032
18.1. Introduction
18.1.1. Market Value Proportion Analysis, By Key Countries
18.1.2. Global Vs. Country Growth Comparison
18.2. US Market Analysis
18.2.1. Value Proportion Analysis by Market Taxonomy
18.2.2. Value Analysis and Forecast by Market Taxonomy, 2015 to 2032
18.2.2.1. By Organization Size
18.2.2.2. By Component
18.2.2.3. By Deployment Mode
18.2.2.4. By End User
18.3. Canada Market Analysis
18.3.1. Value Proportion Analysis by Market Taxonomy
18.3.2. Value Analysis and Forecast by Market Taxonomy, 2015 to 2032
18.3.2.1. By Organization Size
18.3.2.2. By Component
18.3.2.3. By Deployment Mode
18.3.2.4. By End User
18.4. Mexico Market Analysis
18.4.1. Value Proportion Analysis by Market Taxonomy
18.4.2. Value Analysis and Forecast by Market Taxonomy, 2015 to 2032
18.4.2.1. By Organization Size
18.4.2.2. By Component
18.4.2.3. By Deployment Mode
18.4.2.4. By End User
18.5. Brazil Market Analysis
18.5.1. Value Proportion Analysis by Market Taxonomy
18.5.2. Value Analysis and Forecast by Market Taxonomy, 2015 to 2032
18.5.2.1. By Organization Size
18.5.2.2. By Component
18.5.2.3. By Deployment Mode
18.5.2.4. By End User
18.6. Germany Market Analysis
18.6.1. Value Proportion Analysis by Market Taxonomy
18.6.2. Value Analysis and Forecast by Market Taxonomy, 2015 to 2032
18.6.2.1. By Organization Size
18.6.2.2. By Component
18.6.2.3. By Deployment Mode
18.6.2.4. By End User
18.7. France Market Analysis
18.7.1. Value Proportion Analysis by Market Taxonomy
18.7.2. Value Analysis and Forecast by Market Taxonomy, 2015 to 2032
18.7.2.1. By Organization Size
18.7.2.2. By Component
18.7.2.3. By Deployment Mode
18.7.2.4. By End User
18.8. Italy Market Analysis
18.8.1. Value Proportion Analysis by Market Taxonomy
18.8.2. Value Analysis and Forecast by Market Taxonomy, 2015 to 2032
18.8.2.1. By Organization Size
18.8.2.2. By Component
18.8.2.3. By Deployment Mode
18.8.2.4. By End User
18.9. BENELUX Market Analysis
18.9.1. Value Proportion Analysis by Market Taxonomy
18.9.2. Value Analysis and Forecast by Market Taxonomy, 2015 to 2032
18.9.2.1. By Organization Size
18.9.2.2. By Component
18.9.2.3. By Deployment Mode
18.9.2.4. By End User
18.10. UK Market Analysis
18.10.1. Value Proportion Analysis by Market Taxonomy
18.10.2. Value Analysis and Forecast by Market Taxonomy, 2015 to 2032
18.10.2.1. By Organization Size
18.10.2.2. By Component
18.10.2.3. By Deployment Mode
18.10.2.4. By End User
18.11. Nordic Countries Market Analysis
18.11.1. Value Proportion Analysis by Market Taxonomy
18.11.2. Value Analysis and Forecast by Market Taxonomy, 2015 to 2032
18.11.2.1. By Organization Size
18.11.2.2. By Component
18.11.2.3. By Deployment Mode
18.11.2.4. By End User
18.12. China Market Analysis
18.12.1. Value Proportion Analysis by Market Taxonomy
18.12.2. Value Analysis and Forecast by Market Taxonomy, 2015 to 2032
18.12.2.1. By Organization Size
18.12.2.2. By Component
18.12.2.3. By Deployment Mode
18.12.2.4. By End User
18.13. Japan Market Analysis
18.13.1. Value Proportion Analysis by Market Taxonomy
18.13.2. Value Analysis and Forecast by Market Taxonomy, 2015 to 2032
18.13.2.1. By Organization Size
18.13.2.2. By Component
18.13.2.3. By Deployment Mode
18.13.2.4. By End User
18.14. South Korea Market Analysis
18.14.1. Value Proportion Analysis by Market Taxonomy
18.14.2. Value Analysis and Forecast by Market Taxonomy, 2015 to 2032
18.14.2.1. By Organization Size
18.14.2.2. By Component
18.14.2.3. By Deployment Mode
18.14.2.4. By End User
18.15. GCC Countries Market Analysis
18.15.1. Value Proportion Analysis by Market Taxonomy
18.15.2. Value Analysis and Forecast by Market Taxonomy, 2015 to 2032
18.15.2.1. By Organization Size
18.15.2.2. By Component
18.15.2.3. By Deployment Mode
18.15.2.4. By End User
18.16. South Africa Market Analysis
18.16.1. Value Proportion Analysis by Market Taxonomy
18.16.2. Value Analysis and Forecast by Market Taxonomy, 2015 to 2032
18.16.2.1. By Organization Size
18.16.2.2. By Component
18.16.2.3. By Deployment Mode
18.16.2.4. By End User
18.17. Turkey Market Analysis
18.17.1. Value Proportion Analysis by Market Taxonomy
18.17.2. Value Analysis and Forecast by Market Taxonomy, 2015 to 2032
18.17.2.1. By Organization Size
18.17.2.2. By Component
18.17.2.3. By Deployment Mode
18.17.2.4. By End User
18.17.3. Competition Landscape and Player Concentration in the Country
19. Market Structure Analysis
19.1. Market Analysis by Tier of Companies
19.2. Market Concentration
19.3. Market Share Analysis of Top Players
19.4. Market Presence Analysis
19.4.1. By Regional Footprint of Players
19.4.2. Product Footprint by Players
20. Competition Analysis
20.1. Competition Dashboard
20.2. Competition Benchmarking
20.3. Competition Deep Dive
20.3.1. SolarWinds
20.3.1.1. Overview
20.3.1.2. Product Portfolio
20.3.1.3. Sales Footprint
20.3.1.4. Strategy Overview
20.3.2. IBM
20.3.2.1. Overview
20.3.2.2. Product Portfolio
20.3.2.3. Sales Footprint
20.3.2.4. Strategy Overview
20.3.3. NETSCOUT
20.3.3.1. Overview
20.3.3.2. Product Portfolio
20.3.3.3. Sales Footprint
20.3.3.4. Strategy Overview
20.3.4. BROADCOM
20.3.4.1. Overview
20.3.4.2. Product Portfolio
20.3.4.3. Sales Footprint
20.3.4.4. Strategy Overview
20.3.5. CISCO
20.3.5.1. Overview
20.3.5.2. Product Portfolio
20.3.5.3. Sales Footprint
20.3.5.4. Strategy Overview
20.3.6. NOKIA
20.3.6.1. Overview
20.3.6.2. Product Portfolio
20.3.6.3. Sales Footprint
20.3.6.4. Strategy Overview
20.3.7. Kentik
20.3.7.1. Overview
20.3.7.2. Product Portfolio
20.3.7.3. Sales Footprint
20.3.7.4. Strategy Overview
20.3.8. Catchpoint
20.3.8.1. Overview
20.3.8.2. Product Portfolio
20.3.8.3. Sales Footprint
20.3.8.4. Strategy Overview
20.3.9. NEC Corporation
20.3.9.1. Overview
20.3.9.2. Product Portfolio
20.3.9.3. Sales Footprint
20.3.9.4. Strategy Overview
20.3.10. AppNeta
20.3.10.1. Overview
20.3.10.2. Product Portfolio
20.3.10.3. Sales Footprint
20.3.10.4. Strategy Overview
21. Assumptions and Acronyms Used
22. Research Methodology
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