The rise in ICT spending is expected to propel the network probe market growth during the forecast period.
PORTLAND, PORTLAND, OR, UNITED STATE, November 17, 2023 /EINPresswire.com/ — According to market research on Network Probes, the cloud-based network probe market was valued at $348.92 million in 2021, projected to reach $1,000 million by 2031, with a CAGR of 11% from 2022 to 2031. In 2021, the U.S. and China collectively held a 46% market share, with the U.S. accounting for 32%. India and the Rest of Asia-Pacific are expected to experience significant CAGRs of 14% and 13%, respectively, from 2022 to 2031, increasing their cumulative market share from 6% to 7%.
Network probes empower security teams and IT departments to conduct performance analysis and scrutinize network traffic, facilitating the identification of issues and potential malicious activities. These probes enable real-time observation by operators for troubleshooting, employ alert tools to detect dynamic network threats, and store data for forensic investigations in the event of a network breach. Utilizing protocols such as SNMP, command line, HTTP, and TCP, the network probe gathers information by polling devices. Subsequently, the probe transfers this data to a display within network monitoring software.
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A network probe plays a crucial role in background device polling, collaborating with monitoring solutions to alert users about potential issues. Many network monitoring software options offer various probes, allowing users to design their own for monitoring diverse devices. Probes utilize protocols like SNMP, TCP, HTTP, or command-line to poll devices for data. The collected data is then transmitted and displayed on a screen by the network monitoring software.
The growth of the network probe market is believed to be driven primarily by two key factors: a growing demand for cloud services and an uptick in the construction of new data center infrastructures. Additionally, the integration of SDN (Software-Defined Networking) with existing business networks is expected to contribute to the market’s expansion. Network monitoring probes play a crucial role in preventing bottlenecks, sluggish performance, or downtime that could significantly disrupt daily operations.
The pandemic spurred increased adoption of various sales channels, technological advancements across sectors, higher smartphone penetration, and breakthroughs in industries, contributing to the growth of the network probe market. The shift towards internet-centric business prompted retailers to integrate cutting-edge technologies like big data analytics, cloud computing, and cybersecurity.
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Regionally, North America dominated the global network probe market, driven by expanding wireless connectivity and growing digitalization. In North America, the U.S. and Canada are the leading players. The growth of the network probe industry in Asia-Pacific, North America, Europe, and LAMEA is fueled by rapid advancements in artificial intelligence, IoT technology, urbanization, and the increasing demand for continuous network probes to address rising network complexities and security concerns.
Global Network Probe Market Key Players
• SolarWinds
• NETSCOUT
• Broadcom
• IBM
• Cisco
• Nokia
• NEC
• AppNeta
• Catchpoint
• Accedian
• Catchpoint
• Accedian
• Paessler
• ManageEngine
• Progress
• Nagios
• Other Key Players
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MAJOR STUDY HIGHLIGHTS:
• In 2021, the solutions segment emerged as the leading revenue contributor to the market, boasting an impressive 12% Compound Annual Growth Rate (CAGR). However, the services segment is anticipated to achieve a valuation of $280 million by 2031, marking a substantial growth trajectory during the forecast period.
• Concerning deployment models, the cloud-based segment is projected to reach $1,400 million by 2031, showcasing a remarkable CAGR. Conversely, on-premises segments are poised to experience approximately 9% CAGRs individually throughout the forecast period.
• Geographically, North America dominated the growth of the network probe market, although Asia-Pacific and Europe are anticipated to exhibit significant growth rates in the foreseeable future.
• This study provides an analytical portrayal of the network probe market size, highlighting current trends and future estimations to identify potential investment opportunities.
• The comprehensive analysis of the network probe market aims to discern lucrative trends for establishing a robust market presence.
• The report presents insights into key drivers, restraints, and opportunities, accompanied by a detailed analysis of trends in the Network Probe Market.
• The quantitative analysis of the current network probe market forecast spans from 2021 to 2031, offering a benchmark for financial competency.
• Porter’s five forces analysis elucidates the influence of buyers and suppliers within the network probe industry.
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