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Deep Packet Inspection and Processing Market to Reach $18.60 Billion by 2021: By Component, Organization Size, Vertical & End User - Research and Markets

[February 06, 2017]

Deep Packet Inspection and Processing Market to Reach $18.60 Billion by 2021: By Component, Organization Size, Vertical & End User - Research and Markets

Research and Markets has announced the addition of the "Deep Packet Inspection and Processing Market - Global Forecast to 2021" report to their offering.

The global deep packet inspection and processing market is expected to grow from USD 7.01 Billion in 2016 to USD 18.60 Billion by 2021, at a CAGR of 21.6%. The base year considered for the study is 2015 and the forecast period has been considered from 2016 to 2021.

In the deep packet inspection and processing market, Data Loss/Leak Prevention (DLP) and management is the fastest-growing application segment. DLP techniques have evolved from reactive protection to proactive protection-based model, making it addressable to the latest technologies and trends such as Bring Your Own Device (BYOD), mobile device penetration, and ever growing sophistication of data breaches and Advanced Persistent Threats (APTs). Other growth factors of DLP techniques are increasing need of data loss security in corporate arena, state privacy laws, and filtration of data at rest on the corporate network.

In the services segment, support and maintenance service is expected to grow with the highest CAGR and also be he largest contributor among all the services. Support and maintenance services are essential for real-time solution of problems, and hence are witnessing huge growth due to increasing complexities of today's networks in different verticals. The maintenance service ensures smooth operation of security solutions in network, servers, gateways, and endpoints.

In the verticals segment, telecom and IT is expected to contribute the highest during the forecast period to manage its complex network infrastructure and safeguard it from emerging cyber threats. Other industry verticals, such as government & defense, BFSI, and retail, due to increased concerns for data security and compliance, are expected to witness significant growth rates during the forecast period.

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