The
network
packet broker market is expected to
reach USD 849.4 million by 2023 from USD 585.4 million in 2018, at a CAGR of
7.73% between 2018 and 2023. Major drivers for the growth of the market are
need for simplified data center management and automation, high demand for
cloud services, and surge in internet multimedia content and web applications.
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Of
all the major end users of network packet brokers, enterprises hold the largest
share of the network packet broker market. Increasing enterprise applications
require high-performance connectivity, constant uptime, high throughput, and
high reliability to manage a vast amount of data. To address these
requirements, network packet brokers are being adopted in enterprises. Large
enterprises across different industries have been increasingly adopting the
digitization to improve their business processes. Also, the revolutionizing
digitization in healthcare, e-commerce, banking, and education is the key
driver for enterprise data centers, which will eventually drive the growth of
the market for network packet brokers.
Among
bandwidth, during the current times, the adoption of 1Gbps bandwidth NPBs is
declining, relegated to low-bandwidth applications and legacy devices. The most
common type of NPBs now is 10Gbps. 10Gbps network packet broker capture traffic
from access switch uplinks and aggregation/core switches, which usually run at
a speed of 10Gbps and higher. The 1 and 10 Gbps bandwidth network packet
brokers are widely adopted across various sectors such as enterprises,
telecoms, government organizations, and other service providers. Currently,
network packet brokers with high bandwidth are gaining a lot traction in the
market. As a result, the prices for 1 and 10 Gbps NPBs have been declining,
which drives the adoption of these NPBs for the optimum network development. It
is owing to these factor the market for 1 and 10 Gbps network packet broker is
expected to hold the largest market share in 2018.
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APAC
is expected to be the fastest-growing region in the network packet broker
market during 2018–2023. Increasing government initiatives and investments from
technologically developing countries in APAC, such as India, Japan, China,
Singapore, and Australia, are driving the growth for increasing deployments of
data centers in the region, which in turn is expected to drive the market for
NPBs. Also, the increasing number of small- and medium-scale enterprises and
the adoption of digital technologies in them further drive the demand for NPBs.
Moreover, the increasing penetration of the Internet and rising population of
internet users in the region creates a massive amount of data that drive the
demand for cloud-based services. All these parameters generate the need for
high-performing switching solutions across the network infrastructure in data
centers. These factors in turn are expected to drive the market for network
packet brokers in this region during the forecast period.
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