TMCnet News
Network Packet Broker Market - Global Forecast to 2023: Surge in Internet Multimedia Content and Web Applications Driving the MarketDUBLIN, Sept. 19, 2018 /PRNewswire/ -- The "Network Packet Broker Market by Bandwidth (1 and 10 Gbps, 40 Gbps, 100 Gbps), End User (Enterprises (Large, Small and Medium-Sized), Service Providers, Government Organizations), and Geography - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.  The network packet broker market is expected to reach USD 849.4 million by 2023 from USD 585.4 million in 2018, at a CAGR of 7.73% between 2018 and 2023. Major drivers for the growth of the market are need for simplified data center management and automation, high demand for cloud services, and surge in internet multimedia content and web applications. Of all the major end users of network packet brokers, enterprises hold the largest share of the network packet broker market. Increasing enterprise applications require high-performance connectivity, constant uptime, high throughput, and high reliability to manage a vast amount of data. To address these requirements, network packet brokers are being adopted in enterprises. Large enterprises across different industries have been increasingly adopting the digitization to improve their business processes. Also, the revolutionizing digitization in healthcare, e-commerce, banking, and education is the key driver for enterprise data centers, which will eventually drive the growth of the market for network packet brokers. Among bandwidth, during the current times, the adoption of 1Gbps bandwidth NPBs is declining, relegated to low-bandwidth applications and legacy devices. The most common type of NPBs now is 10Gbps. 10Gbps network packet broker capture traffic from access switch uplinks and aggregation/core switches, which usually run at a speed of 10Gbps and higher. The 1 and 10 Gbps bandwidth network packet brokers are widely adopted across various sectors such as enterprises, telecoms, government organizations, and other service providers. Currently, network packet brokers with high bandwidth are gaining a lot traction in the market. As a result, the prices for 1 and 10 Gbps NPBs have been declining, which drives the adoption of these NPBs for the optimum network development. It is owing to these factor the market for 1 and 10 Gbps network packet broker is expected to hold the largest market share in 2018. Enterprises mostly rely on network traffic analyzer solutions to optimize their network infrastructure on a daily basis. Enterprises spend huge amounts of money on network resources to keep their network up and running all the time. This takes up a major portion of their time, leaving them with no time to form new strategies for the efficient use of network resource. Network packet brokers provide an effective way to manage and analyze the entire network, centralize, virtualize, and provide real-time applications and bandwidth management of the network to deliver critical business applications at a high speed. Service Providers Globally, the need for service providers is increasing at a rapid pace. Service providers comprise telecom, managed service providers (MSPs), internet service providers (ISPs), and cloud service providers (CSPs). These service providers use network packet brokers to manage, analyze, and optimize the entire network infrastructure. Government Organizations Gigamon (US) held the leading position in the global network packet broker market in 2017. The company offers a wide range of network TAPs, packet brokers, and aggregators for traffic analysis and monitoring purposes. In September 2017, the European Broadcasting Union partnered with Gigamon to strengthen its traffic visibility for faster incident diagnosis and network security. The company has a full product portfolio for network packet brokers, thereby providing a whole range of deployments-from small to very large industries. Key Topics Covered: 1 Introduction For more information about this report visit https://www.researchandmarkets.com/research/fw5cpq/network_packet?w=5 Did you know that we also offer Custom Research? Visit our Custom Research page to learn more and schedule a meeting with our Custom Research Manager. Media Contact: Laura Wood, Senior Manager
SOURCE Research and Markets 
|
View original content: