Global Network Packet Broker Market, 2023 by Bandwidth (1 and 10 Gbps, 40 Gbps, 100 Gbps) & End User (Enterprises (Large, Small and Medium-Sized), Service Providers, Government Organizations) - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Sep 19, 2018--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% during the forecast period.
Major factors driving the market growth include 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.
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 but 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 demand for 100Gbps network packet brokers owing to its highest growth rate during the forecast period.
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 broker 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. It is owing to these factors that the enterprises segment is expected to hold the largest share of market in 2018.
Major players profiled in this report include:Gigamon (US) NetScout Systems, Inc. (US) Ixia (US) VIAVI Solutions, Inc. (US) APCON, Inc. (US) Garland Technology (US) Cisco Systems, Inc. (US) Broadcom Inc. (US) Juniper Networks, Inc. (US) Big Switch Networks, Inc. (US) Zenoss Inc. (US) Network Critical (UK) Corvil (Ireland) CALIENT Technologies, Inc. (US) Netgear Inc.(US) Motadata (US)
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Network Packet Broker Market, By Bandwidth
7 Network Packet Broker Market, By End-User
8 Geographic Analysis
9 Competitive Landscape
10 Company ProfilesAPCON Big Switch Networks Broadcom CALIENT Cisco Corvil Garland Technology Gigamon Ixia Juniper Networks Motadata Netgear NetScout Network Critical VIAVI Solutions Zenoss For more information about this report visit https://www.researchandmarkets.com/research/w45q3b/global_network?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20180919005439/en/
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INDUSTRY KEYWORD: TECHNOLOGY NETWORKS
SOURCE: Research and Markets
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PUB: 09/19/2018 09:24 AM/DISC: 09/19/2018 09:23 AM