Dublin, Feb. 03, 2020 (GLOBE NEWSWIRE) -- The "Deep Packet Inspection and Processing Market by Component (Solutions and Services), Solution Type (Hardware and Software), Installation Type (Integrated and Standalone), Deployment Mode, Organization Size, Vertical, and Region - Global Forecast to 2024" report has been added to ResearchAndMarkets.com's offering.
The global deep packet inspection and processing market size is expected to grow from USD 8.7 billion in 2019 USD 12.5 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 5.9% from 2019 to 2024.
Growing need of organizations to protect business operations from Distributed Denial-of-Service (DDOS) attacks, along with adherence to meet compliance and regulatory norms related to data protection laws across several verticals, is driving the overall growth of the deep packet inspection and processing market.
The rising adoption of advanced electronic devices, and changing business models and technological advancements are projected to stimulate the growth of the deep packet inspection and processing market during the forecast period. The need to comply with various governance standards and adhere to different policies and regulations is expected to surge the use of deep packet inspection and processing solutions across the globe.
By component, the services segment to grow at a higher CAGR during the forecast period
deep packet inspection and processing services have become a necessity for integrating and managing solutions across business operations. These services help enterprises by managing and ensuring the smooth functioning of deep packet inspection and processing solutions over a time period. The growing virtualization across industries and increasing adoption of cloud computing are promoting the demand for deep packet inspection and processing solutions in various countries. Moreover, deep packet inspection and processing installations help organizations to analyze dynamic network communication in real-time, assisting organizations in managing more number of suppliers, partners, and vendors.
By vertical, the IT and telecom vertical to hold the significant market size in 2019
The rapid transition of enterprises from on-premise solutions to cloud, storage of data on external data centers, and mobility are raising cyber threats in this vertical. The vertical also makes the intensive use of network performance management and optimization solutions to ensure improved Quality of Service (QoS) and Quality of Experience (QoE). To ensure the safety of critical infrastructure and technological innovation, IT service providers and telecom organizations are increasing cybersecurity budgets significantly, aligning business strategies with cybersecurity plans, and creating cyber awareness programs for employees and customers. APAC to register the highest growth rate during the forecast period
Asia Pacific (APAC) is expected to grow at the highest CAGR during the forecast period and is becoming a new hotspot for deep packet inspection-based application and service vendors as a revenue-generating region.
Major trends influencing the growth of the market in this region are the increasing network traffic in the APAC region, continuing growth in the mobile network, increasing complexity of businesses, and rising adoption of Bring Your Own Device (BYOD). Countries such as China, Singapore, and Japan are expected to capture significantly large market size in the APAC deep packet inspection and processing market, due to rapid digitalization in the industry verticals present in these countries.
The deep packet inspection and processing market study includes an in-depth competitive analysis of key market players, along with their profiles, recent developments, and key market strategies.
Key Topics Covered
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities in the Deep Packet Inspection and Processing Market
4.2 Market By Component, 2019
4.3 Market By Organization Size, 2019-2024
4.4 Market By Deployment Mode, 2019-2024
4.5 Market Share of Top 3 Verticals and Regions, 2019
5 Market Overview and Industry Trends
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increasing Adoption of Regulatory and Data Protection Laws
5.2.1.2 Increasing Number of Sophisticated Cyberattacks
5.2.2 Restraints
5.2.2.1 Limited Security Budget Among SMES
5.2.3 Opportunities
5.2.3.1 High Growth Opportunities in Virtual NGFW
5.2.3.2 High Adoption of Cloud-Based Security Technologies
5.2.4 Challenges
5.2.4.1 Lack of Skilled Security Professionals
5.3 Use Cases
5.3.1 Globally Renowned Media Company Relies on Opmanager for Broadcasting Without Disruption
5.3.2 Major European Bank Improves Application Performance With Ngeniusone
5.3.3 Barracuda's Cloud-Ready Firewalls Utilize the Deep Packet Inspection (DPI) Engine R&S Pace 2
5.4 Regulatory Implications
5.4.1 General Data Protection Regulation
5.4.2 Payment Card Industry Data Security Standard
5.4.3 Health Insurance Portability and Accountability Act
5.4.4 Gramm-Leach-Bliley Act
5.4.5 Sarbanes-Oxley Act
5.4.6 The International Organization for Standardization 27001
6 Deep Packet Inspection and Processing Market By Component
6.1 Introduction
6.2 Solutions
6.3 Services
7 Deep Packet Inspection and Processing Market By Solution
7.1 Introduction
7.2 Hardware
7.3 Software
8 Deep Packet Inspection and Processing Market By Installation Type
8.1 Introduction
8.2 Standalone
8.3 Integrated
9 Deep Packet Inspection and Processing Market By Deployment Mode
9.1 Introduction
9.2 On-Premises
9.3 Cloud
10 Deep Packet Inspection and Processing Market By Organization Size
10.1 Introduction
10.2 Small and Medium-Sized Enterprises
10.3 Large Enterprises
11 Deep Packet Inspection and Processing Market By Vertical
11.1 Introduction
11.2 Banking, Financial Services, and Insurance
11.3 Government and Defense
11.4 Healthcare
11.5 IT and Telecom
11.6 Retail and Ecommerce
11.7 Manufacturing
11.8 Others
12 Deep Packet Inspection and Processing Market By Region
12.1 Introduction
12.2 North America
12.2.1 United States
12.2.1.1 Presence of Several Security Vendors to Boost the Market Growth in the US
12.2.2 Canada
12.2.2.1 Canadian Market to Propel Due to Geographic Expansions of Security Vendors
12.3 Europe
12.3.1 United Kingdom
12.3.1.1 Increased DDOS Attacks on Enterprises to Boost the Market Growth in the UK
12.3.2 Germany
12.3.2.1 Increasing Favorable Government Initiatives and Growing Awareness of Cyberthreats to Boost the Demand for Deep Packet Inspection and Processing Solutions in Germany
12.3.3 France
12.3.3.1 Huge Technological and Financial Advancements to Drive the Market Growth in France
12.3.4 Rest of Europe
12.4 Asia Pacific
12.4.1 China
12.4.1.1 Technological Advancements to Increase the Growth of Market in China
12.4.2 Japan
12.4.2.1 Increased Government Spending on Cyberattacks to Boost the Market Growth in Japan
12.4.3 Australia and New Zealand
12.4.3.1 Emergence of Mobile Technologies, Cloud Computing, and Increased Automation to Bolster the Growth of the Deep Packet Inspection and Processing Market in ANZ
12.4.4 Rest of Asia Pacific
12.5 Middle East and Africa
12.5.1 Kingdom of Saudi Arabia
12.5.1.1 Ksa Local Government to Focus on Security-Related Initiatives
12.5.2 United Arab Emirates
12.5.2.1 Need for Securing Businesses has Forced Organizations in the UAE to Adopt Deep Packet Inspection and Processing Solutions
12.5.3 South Africa
12.5.3.1 Organizations to Deploy Deep Packet Inspection and Processing Solutions to Address Dynamic Business Models in South Africa
12.5.4 Rest of Middle East and Africa
12.6 Latin America
12.6.1 Brazil
12.6.1.1 Brazilian Market to Grow Due to the Growing Awareness of Mitigating Cyber Threats
12.6.2 Mexico
12.6.2.1 Adoption of Deep Packet Inspection and Processing Solutions to Grow in the Banking, Financial Services, and Insurance Vertical in Mexico
12.6.3 Rest of Latin America
13 Competitive Landscape
13.1 Competitive Leadership Mapping
13.1.1 Visionary Leaders
13.1.2 Innovators
13.1.3 Dynamic Differentiators
13.1.4 Emerging Companies
14 Company Profiles
14.1 Introduction
14.2 IBM
14.3 Cisco Networks
14.4 Extreme Networks
14.5 Juniper Networks
14.6 Symantec
14.7 SolarWinds
14.8 Viavi Solutions
14.9 NetScout
14.10 LogRhythm
14.11 Qosmos
14.12 Cubro Network Visibility
14.13 Lionic Corporation
14.14 Trovicor
14.15 Netronome
14.16 Sandvine
14.17 Huawei
14.18 Bivio Networks
14.19 Ipoque
14.20 ManageEngine
14.21 WiseSpot
For more information about this report visit https://www.researchandmarkets.com/r/3akdc0
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