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The Global Network Packet Broker Market size was valued at US$ 630.65 Mn in 2018 and is expected to reach US$ 1,144.15 Mn by 2027 to exhibit a CAGR of 7.73 % during the forecast period.
The existence of self-reliant improved servers hampers the development of the market. Compatibility with dissimilar data center architectures is challenged the network packet broker market. The increasing trend of bare-metal switches and rising bandwidth requirements in data centers are the main growth opportunities for the players in the market.
Enterprises are expected to hold the largest market share during the forecast period due to the growing enterprise applications to achieve the requirements such as need high-performance connectivity, constant uptime, high output, and high reliability to manage a vast amount of data the network packet brokers are being adopted in enterprises. Also, large enterprises through different industries are gradually adopting the digitization to expand their business processes. Similarly, the transforming digitization in healthcare, banking, and education is the main driver, which will ultimately drive the growth of the market.
The government sector is regarding for a secure, reliable, and high-performance network connectivity at a low cost. NPBs have several applications in the government sector, which contain flexible, scalable, on-demand resource optimization. NPBs offer the government sector a fast disaster rescue from network failure, remote configuration, cyber security, and safety of serious network infrastructure from cyber-attacks.
North America is expected to dominate during the forecast period due to the growing IT capacity requirements and increasing adoption of new data center technologies. Also, the market in the US is estimated to experience a high grip as a substantial number of organizations are possible to opt for cloud services to save their upfront cost of constructing new data centers for business continuity. Further, the US is the home for worldwide cloud service suppliers, as well as for the companies, like Amazon Web Services and Microsoft, that deliver data center infrastructure.
The Scope of Global Network Packet Broker Market :
Global Network Packet Broker Market, by Bandwidth
• 1 and 10 Gbps
• 40 Gbps
• 100 Gbps
Global Network Packet Broker Market, by End User
o Large Enterprises
o Small and Medium–sized Enterprises
• Service Providers
• Government Organizations
Global Network Packet Broker Market, by Region
• North America
• Middle East & Africa
• South America
Key Players operating in the Global Network Packet Broker Market :
• VIAVI Solutions
• Garland Technology
• Juniper Networks
• Big Switch Networks
• Network Critical
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