Network Probe Market 2023 Manufacturers, Regions, Application & Forecast to 2032

Network Probe Market Overview

A network probe is a device that monitors and analyzes network traffic. It can be used to collect data on the type, volume, and destination of traffic, as well as identify potential problems such as bottlenecks and congestion. Network probes are used by businesses of all sizes to improve network performance, troubleshoot problems, and comply with security regulations.

The global network probe market is expected to grow from $0.55 billion in 2023 to $1.32 billion by 2032, at a CAGR of 11.47%. The growth of the market is driven by the increasing adoption of cloud services, the rise of the Internet of Things (IoT), and the growing need for network security.

Market Growth Drivers

• Adoption of cloud services: The increasing adoption of cloud services is one of the key drivers of the network probe market. Cloud-based applications and services generate a large amount of network traffic, which can overload traditional network monitoring solutions. Network probes can help businesses to monitor and manage cloud traffic, ensuring that it does not impact the performance of their networks.
• Rise of the IoT: The rise of the IoT is another major driver of the network probe market. The IoT connects billions of devices to the internet, generating a massive amount of data. Network probes can help businesses to collect and analyze this data, identify potential security threats, and optimize the performance of their IoT networks.
• Growing need for network security: The increasing need for network security is also driving the growth of the network probe market. Network probes can be used to detect and prevent a variety of network security threats, such as denial-of-service attacks, malware infections, and data breaches.

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Market Segmentation

The network probe market is segmented by component, deployment model, organization size, end-use vertical, and region.

• By component: The market is segmented into solutions and services. Solutions include software probes, hardware probes, and virtual probes. Services include deployment and maintenance services, training services, and consulting services.
• By deployment model: The market is segmented into on-premises and cloud-based. On-premises probes are installed and managed by the organization itself. Cloud-based probes are hosted and managed by a third-party vendor.
• By organization size: The market is segmented into large enterprises and small and medium-sized enterprises (SMEs). Large enterprises have a greater need for network probes to monitor and manage their complex networks. SMEs are increasingly adopting network probes to improve the security and performance of their networks.
• By end-use vertical: The market is segmented into IT and telecom, government, BFSI, healthcare, manufacturing, retail, and others. The IT and telecom vertical is the largest end-user of network probes, followed by the government vertical.
• By region: The market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is the largest market for network probes, followed by Europe. Asia Pacific is expected to be the fastest-growing market during the forecast period.

Key Players

Some of the key players in the network probe market include:

• Cisco Systems
• Netscout Systems
• Riverbed Technology
• IBM
• Hewlett Packard Enterprise
• Micro Focus
• SolarWinds
• ManageEngine
• Paessler AG
• Kentik
• Plixer

Regional Insights

North America is the largest market for network probes, followed by Europe. The growth of the market in North America is driven by the high adoption of cloud services, the growing need for network security, and the presence of a large number of key players in the region. Europe is the second-largest market for network probes, followed by Asia Pacific. The growth of the market in Asia Pacific is driven by the growing adoption of the IoT, the increasing investment in network infrastructure, and the rising demand for network security.

Industry Latest News

• In March 2023, Cisco Systems announced the launch of its new Catalyst 9000 Series network probes. The new probes are designed to help businesses to improve the performance, security, and visibility of their networks.
• In February 2023, Netscout Systems announced the acquisition of ThousandEyes. ThousandEyes is a provider of network visibility and performance monitoring solutions. The acquisition will help Netscout to expand its network probe portfolio and offer customers a more comprehensive solution for monitoring their networks.
• In January 2023, Riverbed Technology announced the launch of its new SteelCentral NetProfiler 7.0 network probe. The new probe is designed to help businesses to improve the performance and security of their networks.

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