Network Packet Broker Market expected to be worth $849.4 million by 2023

(IT-NEWSWIRE.COM, September 13, 2018 ) The network packet broker market is expected to reach USD 849.4 million by 2023 from USD 585.4 million by 2018, at a CAGR of 7.44% during the forecast period. The growth of the network packet broker market is attributed to the need for simplified data center management and automation, high demand for cloud services, and surge in internet multimedia content and web applications. The rising trend of bare-metal switches and growing bandwidth requirements in data centers are the key growth opportunities for the players in the network packet broker market. However, the presence of self-reliant enhanced servers inhibits the growth of the network packet broker market.

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The network packet broker market for 100Gbps bandwidth is expected to grow at a higher CAGR during the forecast period. Data centers across the globe are running at 10 gigabits-per-second (Gbps) speeds and moving to 40 Gbps, using InfiniBand or Ethernet interconnects. Although 10 Gbps speed has been in adoption for years and often viewed as "enough" by a lot of SMEs and large enterprises, due to the data explosion in the recent years, these enterprises are compelled to jump to higher bandwidths. Enterprises and service providers initially embraced 100Gbps bandwidth NPBs, and it is now expanding to government organizations. The launch of QSFP28-based 100G technology has improved the density and cost of 100G solutions and has driven a surge in 100G adoption in production networks over the past two years, which in turn is accelerating the demand for 100Gbps network packet brokers owing to its highest growth rate during the forecast period.

The network packet broker market for enterprises is expected to grow at a higher CAGR during the forecast period. Enterprises mostly rely on network traffic analyzer solutions to optimize their network infrastructure on a daily basis. Enterprises invest 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 resources. 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 higher speed.

The network packet broker market in APAC is expected to grow at the highest rate during the forecast period. Increasing government initiatives and investments from technologically developing countries in APAC, such as India, Japan, China, Singapore, and Australia, are driving the growth for increasing deployments of data centers in the region, which in turn is expected to drive the market for network packet brokers.

Also, the increasing number of small- and medium-scale enterprises and the adoption of digital technologies in them further will drive the demand for NPBs. Moreover, the increasing penetration of the Internet and rising population of internet users in the region creates a massive amount of data that drive the demand for cloud-based services. All these parameters generate the need for high-performing switching solutions across the network infrastructure in data centers.

Gigamon (US), NetScout Systems, Inc. (NetScout) (US), Ixia (US), VIAVI Solutions, Inc. (Viavi Solutions) (US), APCON, Inc. (APCON) (US), Garland Technology (US), Cisco Systems, Inc. (Cisco) (US), Broadcom Inc. (Broadcom) (US), Juniper Networks, Inc. (Juniper Networks) (US), Big Switch Networks, Inc. (Big Switch Networks) (US), Zenoss Inc. (Zenoss) (US) are the major players in the network packet broker market. Other key companies, including innovators and start-ups in the network packet broker market, are Network Critical (UK), Corvil (Ireland), CALIENT Technologies, Inc. (CALIENT) (US), Netgear Inc. (Netgear) (US), and Motadata (US).

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Network Packet Broker Market expected to be worth $849.4 million by 2023