Network Packet Broker Market Research Report 2018 Study By Manufacturers, Regions, Type And Application Forecast 2024

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Network Packet Broker market share research by
applications and regions for 2018-2024 Global
Market Insights, Inc.
Fuel Cell Market size worth 25.5bn by 2024
Low Power Wide Area Network
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Overview of Network Packet Broker Market

• North America dominates the network packet broker
  market due to the rising adoption of IT and cloud
  services along with growth in the new data center
  technologies. The region is also home to some of
  the leading cloud service providers including IBM
  cloud, Microsoft Azure, and Google cloud platform
  increasing the market demand. The Asia Pacific
  market is growing at the fastest rate due to the
  growing government initiatives for digitalization
  and rapid increase in the deployment of data
  centers mainly in China, Japan and India. There
  is also a rise in the number of internet service
  providers and growing population of internet
  users which is also expected to accelerate the
  market growth over the forecast timeline.
• Network Packet Broker Market size is set to grow
  at a remarkable pace from 2018 to 2024 due to
  increasing adoption of cloud computing and
  virtualized networking along with high automation
  and simplified data center management. With the
  rapid industrialization and rising trend of
  connected devices, organizations face large
  amount of security threats on a daily basis. To
  address this challenge, organizations are
  adopting the network packet broker devices that
  provide a set of monitoring tools to control the
  network traffic. These devices also provide added
  advantages such as safe removal of redundant data
  in terms of duplicate packets, application
  intelligence and filtering, data masking and
  safety solutions.

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• The rising advent of BYOD in organizations have
  resulted into enormous growth of big data and
  cyberthreats across the organization. As the
  traffic volumes increase exponentially is
  necessary to provide enhanced services with
  higher speed, increased security, compliance and
  analytics, resulting into a growth in the demand
  for network packet broker market. It enhances
  incident analysis by allowing IT and security
  processes to gain security intelligence and
  situational awareness surrounding intrusion and
  extrusion occurrences. This has enabled
  enterprises to accelerate their incident response
  operations, in turn raising the demand for
  network packet broker market.
• The growth in the internet services, social
  media, IoT, and web applications has resulted
  into exponential growth in the network traffic
  causing the risk of service degradation and
  network outages. The network packet brokers
  assist in creating scalability, relieving
  oversubscription of monitoring tools and deliver
  centralized monitoring. Furthermore, the rising
  bandwidth necessity in data centers and
  increasing trend of bare-metal switches also
  creates huge growth opportunities in the market.
  The adoption of these devices has created new
  challenges including the difficulty in managing
  network connections and monitoring traffic flows
  at scale. Hence, IT organizations are adopting
  network packet broker solutions to solve these
  challenges with increased scalability and
  flexibility.

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• Despite the strong inclination of the operators
  toward the network packet broker market, there
  are still certain issues, which may hamper their
  growth. The network packet brokers face
  compatibility issues with different data center
  architectures limiting their adoption rate. The
  presence of self-reliant servers also acts as a
  barrier for the market growth.
• With the decreasing adoption of low-bandwidth
  applications the demand for 1Gpbs bandwidth
  network packet brokers are decreasing rapidly.
  The 10Gbps network packet brokers have the
  ability to capture traffic directly form the
  access switches enhancing their adoption rate in
  various industries including telecoms, BFSI and
  other enterprises. Furthermore, due to their
  increasing adoption rate they are available at
  low prices expanding their demand in the market.

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• The network packet broker market solutions are
  adopted in various application verticals
  including government organizations, enterprises
  and service providers. The market is witnessing a
  huge adoption rate from the enterprises due to
  their increasing bandwidth requirement coupled
  with rise in the enterprise data. Companies
  operating in this market are also innovating
  advanced solutions to deliver enhanced services
  to the enterprises. For instance, in November
  2017, Ixia introduced a new software version of
  its network packet broker device. This new
  solution will transform open switches in network
  packet brokers providing data center visibility
  to the enterprises. It also offers access to
  network packets facilitating real-time visibility
  and security for high density networks.
• The network packet broker market is highly
  competitive due to the existence of a substantial
  number of players in the space. Some of the major
  players present in the market are NetScout
  Systems, Inc, Gigamon, Ixia, Broadcom Inc.,
  APCON, Inc., Network Critical, Motadata, Netgear
  Inc. Corvil, Big Switch Networks, Inc., Juniper
  Networks, Inc., Cisco Ssytems Inc., and Zenoss
  Inc. These players are entering into strategic
  alliances and partnerships to expand their market
  presence and gain a competitive edge in the
  highly lucrative market.

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Methodology

• Market
  research reports Key analytical components

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