Network Packet Broker Market size is expected to cross USD 2.31 Billion by the end of 2036, growing at a CAGR of 8% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of network packet brokers was over USD 850 Million. The main factor driving the network packet broker market is the growth of data centers and the widespread use of cloud-based computing platforms for secure networks by different industrial sectors. In December 2023, there were about 10,978 data center locations worldwide.
In addition to these, Network security has become an organization's top priority due to the growing frequency and sophistication of cyber threats. Network packet brokers improve data security by enabling real-time monitoring and threat detection.
Growth Drivers
Challenges
|
Base Year |
2023 |
|
Forecast Year |
2024-2036 |
|
CAGR |
8% |
|
Base Year Market Size (2023) |
USD 850 Million |
|
Forecast Year Market Size (2036) |
USD 2.31 Billion |
|
Regional Scope |
|
Bandwidth (1gbps and 10gbps, 40gbps, 100gbps)
Based on the bandwidth the 1gbps and 10gbps segment in the network packet broker market is attributed to hold the largest revenue share of about 50% during the forecast period. These days, 10Gbps NPBs are the most used variety. Traffic from access switch uplinks and aggregation/core switches, which often operate at speeds of 10Gbps and above, is captured by 10Gbps network packet brokers. Network packet brokers with speeds of 1 and 10 Gbps are extensively used in a variety of industries, including telecoms, government agencies, and other service providers. High bandwidth network packet brokers are currently becoming very popular in the market. Because of this, the cost of 1 and 10 Gbps NPBs has been coming down, which encourages the use of these NPBs for the best possible network expansion. Large corporate organizations can do a variety of tasks with adequate internet network speed owing to the average 10 Gbps speeds that most data centers across the globe operate at. Moreover, due to the growing demand for automated and streamlined data center administration, this segment is projected to hold a significant network packet broker market share during the projection period. The worldwide industry for data center automation was projected to be USD 6.8 billion in 2021 and is projected to grow to USD 7.6 billion in 2022.
End User (Enterprise, Service Providers, Government Organization)
Based on end users the enterprise segment in the network packet broker market is expected to hold the largest revenue share of about 48% during the forecast period. To handle enormous volumes of data, growing enterprise applications demand high-performance connectivity, continuous uptime, high throughput, and high reliability. Network packet brokers are being used in businesses to meet these needs. Big businesses in a variety of sectors have been utilizing digitization more and more to enhance their operational procedures. Network packet brokers' market will eventually develop due to the changing digitization in healthcare, e-commerce, banking, and education, as well as enterprise data centers.
Our in-depth analysis of the global network packet broker market includes the following segments:
|
Bandwidth |
|
|
Network Set-Up |
|
|
Security Tools |
|
|
End User |
|
North American Market Forecast
Network packet broker market in the North American region is projected to hold the largest revenue share of about 32% during the projected period. The growth of the market is due to the region's widespread use of cloud-based network infrastructure and the widespread penetration of wireless networking devices. The growth of the business is being aided by the rising number of data centers and the increasing internet penetration in the area. It was predicted that between 2024 and 2029, there will be a steady increase in the number of internet users in North America, amounting to 51 million people. Following nine years of growth, the number of users is predicted to reach 512.95 million in 2029, marking a new peak.
Innovative network packet products are available from the leading regional providers of network packet broker solutions.
APAC Market Statistics
Network packet broker market in the Asia Pacific region is predicted to hold the second-largest revenue share of about 27% during the forecast period. The market is expanding as a result of improved network infrastructure and increased regional use of portable devices. Growing government initiatives and investments from APAC's technologically advanced nations including China, India, Japan, Singapore, and Australia are propelling the expansion of data center deployments, which is anticipated to propel the network packet broker market. The need for NPBs is also fuelled by the growth of small and medium-sized businesses and their integration of digital technologies.
Author Credits: Abhishek Verma, Hetal Singh
FREE Sample Copy includes market overview, growth trends, statistical charts & tables, forecast estimates, and much more.
Have questions before ordering this report?