Pune, Oct. 10, 2023 (GLOBE NEWSWIRE) -- “The Network Probe Market, as reported by SNS Insider, reached USD 571 million in 2022 and is anticipated to achieve USD 1255.49 million by 2030, exhibiting a compound annual growth rate (CAGR) of 10.35% during the forecast period spanning from 2023 to 2030.”
Market Overview
A network probe, also known simply as a probe, is a critical tool in the field of computer networking and cybersecurity. It is a software or hardware-based device designed to investigate and gather information about a computer network or system. Network probes are used for various purposes, including network monitoring, troubleshooting, security analysis, and performance optimization. Network probes play a crucial role in network security. They can be used to detect and analyze suspicious or unauthorized activities within a network. For example, intrusion detection systems (IDS) often utilize probes to identify potential security breaches and alert administrators to take action.
Market Analysis
The network probe market is experiencing significant growth due to several key drivers that are shaping the industry. As networks become more complex with the integration of IoT devices, cloud services, and edge computing, the need for robust network monitoring and analysis tools like network probes has grown. Network probes help IT professionals manage and optimize these intricate networks. With the proliferation of high-bandwidth applications, such as video conferencing, streaming, and cloud-based services, businesses need network probes to optimize bandwidth usage, ensure quality of service (QoS), and minimize downtime. The shift towards remote work and decentralized teams has increased the reliance on networks for communication and collaboration. Network probes help maintain connectivity and performance for remote workers, ensuring productivity remains high.
Get a Free Sample Report of Network Probe Market@ https://www.snsinsider.com/sample-request/3372
Major Players Listed in this Report are:
- SolarWinds
- NETSCOUT
- Broadcom
- IBM
- Cisco
- Nokia
- Catchpoint
- Cubro
- Kentik
- NEC & Other Players
Network Probe Market Report Scope:
| Report Attributes | Details |
| Market Size in 2022 | US$ 571 Mn |
| Market Size by 2030 | US$ 1255.49 Mn |
| CAGR | CAGR of 10.35% From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2020-2021 |
| Key Regional Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America) |
Key Takeaway from Network Probe Market Study
- In the ever-evolving landscape of information technology, large enterprises have emerged as key players in shaping the market. These organizations, with their complex and extensive network infrastructures, have an insatiable appetite for efficient network monitoring and management solutions. As a result, the market has seen a significant surge in demand from this segment.
- The telecom services segment has emerged as a powerhouse within the market. With the rapid expansion of telecommunications networks and the continuous demand for enhanced services, the need for robust network probes has become paramount in this industry.
Recent Developments
- REANNZ (Research and Education Advanced Network New Zealand) has joined forces with the National Cyber Security Centre (NCSC) to introduce an innovative cybersecurity initiative known as the "Malware-Free Networks Cyber Shield." This collaborative endeavor represents a significant leap forward in safeguarding critical networks and data in New Zealand and beyond.
- Kentik, a leading player in the field of network observability, has recently made waves in the tech world with the launch of their groundbreaking open-source network observability suite, Kentik Labs. By launching Kentik Labs, they have not only expanded their product portfolio but also contributed to the broader open-source ecosystem, fostering innovation and collaboration in the field of network technology.
Do you have any specific queries or need any customization research on Network Probe Market, Enquiry Now@ https://www.snsinsider.com/enquiry/3372
Market Dynamics Analysis
“Rising Network Complexity and Shift towards Remote Work and Decentralized Teams”
The network probe market is experiencing a dynamic landscape, driven by several key factors. One of the primary drivers is the relentless expansion of digitalization across industries, necessitating robust network monitoring and security solutions. As organizations increasingly rely on complex networks to facilitate their operations, the demand for network probes that can offer real-time insights into network performance, traffic analysis, and security vulnerabilities has surged. Additionally, the rapid adoption of cloud computing and the Internet of Things (IoT) has further propelled the market, as these technologies require advanced probe solutions to ensure seamless connectivity and data protection. However, amidst these opportunities, the market faces significant restraints and challenges. One notable restraint is the ever-evolving nature of cyber threats. With cyberattacks becoming more sophisticated and frequent, network probes must continually adapt to detect and mitigate these threats effectively. Furthermore, regulatory compliance and data privacy concerns are emerging as significant threats to the market. As governments worldwide enact stringent data protection laws, network probe providers must ensure that their solutions comply with these regulations, adding complexity and cost to their development and deployment.
Network Probe Market Segmentation
By Component
- Solution
- Service
By Deployment
- On-Premise
- Cloud-based
By Organization Size
- Large Enterprise
- Small and Medium Size Enterprise
By End-Use Vertical
- IT
- Telecom Services
- Government
- BFSI
- Others
Key Regional Developments
North America, particularly the United States, is a mature network probe market. The region has a strong presence of established vendors and a high level of technological adoption. Stringent data protection regulations like GDPR have spurred the adoption of network probes for monitoring and protecting sensitive data. The European market is experiencing steady growth, with a focus on cybersecurity and network optimization. Rapidly developing countries in Asia-Pacific, such as India and China, offer significant growth opportunities due to expanding IT infrastructure. Government investments in digital infrastructure and smart city projects boost the demand for network probes.
Impact of Recession on Network Probe Market Growth
The ongoing recession has brought challenges to the network probe market, primarily due to reduced IT budgets and delayed investments by organizations. However, it has also prompted some shifts in the market, such as increased demand for cost-effective, cloud-based solutions and a heightened focus on security. Network probe vendors will need to adapt to these changing dynamics and continue to innovate to remain competitive in a challenging economic environment.
Access Complete Report Details@ https://www.snsinsider.com/reports/network-probe-market-3372
Table of Contents
1. Introduction
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Network Probe Market Segmentation, by Component
9. Network Probe Market Segmentation, by Deployment
10. Network Probe Market Segmentation, by Organization Size
11. Network Probe Market Segmentation, by End-Use Vertical
12. Regional Analysis
13. Company profile
14. Competitive Landscape
15. USE Cases and Best Practices
16. Conclusion
Buy a Single-User PDF of Network Probe Market Outlook 2023-2030@ https://www.snsinsider.com/checkout/3372
[For more information or need any customization research mail us at info@snsinsider.com]
About Us:
SNS Insider is one of the leading market research and consulting agencies that dominates the market research industry globally. Our company's aim is to give clients the knowledge they require in order to function in changing circumstances. In order to give you current, accurate market data, consumer insights, and opinions so that you can make decisions with confidence, we employ a variety of techniques, including surveys, video talks, and focus groups around the world.
Browse Adjacent Markets: Information and Communication Technology Market Research or Healthcare Market Research Reports and Consulting
