(EMAILWIRE.COM, December 08, 2022 ) According to a research report “Network Probe Market by Component (Solution and Services (Consulting, Training and Support, and Integration and Deployment), Deployment Mode, Organization Size, End User (Service Providers and Enterprises) and Region – Global Forecast to 2027″ published by MarketsandMarkets, the network probe market is expected to grow from USD 549 million in 2022 to USD 908 million by 2027, at a CAGR of 10.6% during the forecast period. Enterprises are interested in network probe solutions and services as they provide wide range of benefits, including reduced CAPEX and OPEX, improved workforce productivity, and enhanced security.
Browse 296 market data Tables and 44 Figures spread through 235 Pages and in-depth TOC on “Network Probe Market
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=244388797
By end users, enterprises are expected to register the fastest growth rate during the forecast period.
The Enterprises use network probes for bandwidth monitoring, application monitoring, IP traffic management, and real-time visibility to make decisions that add value to their businesses. Enterprises are increasingly investing in new and latest technologies, such as AI, ML, analytics, edge computing, and hybrid and multi-cloud technology. The demand for subscription-based SD-WAN and WLAN services has increased over the last few years as the subscription-based model manages the entire IT network infrastructure, thereby enabling enterprises to focus on core business objectives.
By end users, BFSI is estimated to account for the largest market share in 2022
BFSI is a highly regulated industry vulnerable to malicious attacks and fraudulent activities. These companies face distinctive challenges, including economic risks such as loss of financial data and customer information for internal and external transactions in case of network failure. These networks are exposed to threats because of network tampering or cyber-attacks, which may lead to network failure or financial instability. To overcome the distinctive challenges, 24×7 network connectivity and flawless network availability are crucial, which can be done by continually monitoring and analyzing the required network. Therefore, discrepancies in the BFSI sector can be controlled by real-time network visibility, which can be enabled by employing network probe solutions.
Asia Pacific is likely to emerge as fastest-growing market during the forecast period
Asia Pacific is projected to be the fastest-growing market for network probe solutions due to the adoption of new technologies, rising investments in digital transformation, and growing GDP in the Asia Pacific countries. Developed economies, such as China, Japan, India, and South Korea, which are the most technologically advanced, are the highest contributors to the network probe market in the region. The region also constitutes major economies, such as Singapore, and Australia. The growing security attacks such as malware, virus, and DoS on enterprise networks contribute to market growth. This has led to enterprise customers rapid adoption of network monitoring solutions in fast-growing countries such as China, Japan, and Australia. Japan and China are technologically advanced countries in the region and undisputed leaders in the network probe market. However, the growth of the APAC market is fragmented, and several local players have been making contributions to this market, thereby resulting in the highly competitive ecosystem of the APAC network probe market.
Request Sample Copy @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=244388797
Market Players
The major vendors covered in the network probe market include SolarWinds (US), NETSCOUT (US), Broadcom (US), IBM (US), Cisco (US), Nokia (Finland), NEC (Japan), AppNeta (US), Catchpoint (US), Accedian (Canada), Paessler (Germany), ManageEngine (US), Progress (US), Nagios (US), Dynatrace (US), HelpSystems (US), Riverbed (US), ExtraHop (US), Micro Focus (UK), Cubro (Austria), Plixer (US), Kentik (US), ObjectPlanet (Norway), Flowmon (Czech Republic), Qosmos (France), Radcom (Israel), Firstwave (Australia), and 3Columns (Australia).
About MarketsandMarkets
MarketsandMarkets is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit MarketsandMarkets or follow us on Twitter, LinkedIn and Facebook
Contact:
Mr. Aashish Mehra
MarketsandMarkets INC
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
Visit Our Website: https://www.marketsandmarkets.com
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/network-probe-market.asp
Content Source: https://www.marketsandmarkets.com/PressReleases/network-probe.asp
