The network probe market is projected to grow from USD 549 million in 2022 to USD 908 million by 2027, at a CAGR of 10.6% during the forecast period. The need for smooth network transitions to avoid downtime and agile networking operations under monitored environments is expected to drive the adoption of network probe solutions.
Cloud-based solution is not only enabling organizations to manage their costs but also helping them in improving business agility. There has been explosive growth in cloud-based services, and the dependency of SMEs on the cloud is relatively higher. With the cloud-based deployment of network probe solutions, small enterprises can collect and analyze data, thus improving their customer services. Cloud-based deployment is growing at a higher rate than that on-premises deployment, as cloud-based network monitoring solutions provide real-time data filtering and storage over the cloud rather than physical devices. Moreover, the cloud segment is expected to grow as cloud technology would enable firewall solutions to cost-effectively identify threats to sensitive data.
By organization size, large enterprises to account for largest market share during forecast period
Network probe enables large enterprises to solve their data and network management problems in a better manner. Enterprises, service providers, and data center operators have started to deploy network probe tools on a large scale to manage and analyze network traffic and protect it from security attacks. Network probe solutions can enable large organizations to manage the entire IT infrastructure environment with real-time application monitoring, monitor network traffic, and find sources causing networks to slow down in seconds.
Among regions, market in Asia Pacific to register highest CAGR during forecast period
The growth of the network probe market in the Asia Pacific is highly driven by technological advancements across the region. The existence of a large population and developing infrastructure and technology are major factors contributing to the growth of the network probe market in the Asia Pacific. It is expected to be the fastest-growing global network probe market, owing to the expansion of the customer base for network monitoring software and the emerging trend of network probe hybrid deployment. APAC is projected to witness enhanced growth opportunities during the forecast period. Countries in APAC are contributing toward the market’s growth, owing to the rapid adoption of various network probe solutions by enterprises in the region.