Network Probe Market Size, Share & Industry Analysis By Component (Services, Solutions), By Deployment Type (On-Premises, Cloud), By Organization Size (Large Enterprises, Small & Medium-Sized Enterprise), By Industry (Government, Banking, Financial Services, and Insurance (BFSI), IT & ITeS, Others) And Regional Forecast, 2024-2032

The demand for network probes is due to the growing number of network-connected devices around the world. The network probe is used to track down problems or connection failures that restrict data flow between linked devices, contributing to market growth. For Instance, According to Cisco annual internet report, in 2023, there will be 3.6 networked devices per population, compared to 2.4 devices per capita in 2018. By 2023, there will be a total of 29.3 billion connected devices, up from 18.4 billion in 2018.

Network probes are essential for identifying cyber-attacks as they give users granular and context-rich network traffic visibility. Organizations can use this information to increase the accuracy of their threat detection. For Instance,

• In April 2021, Retarus Corporate blog says in comparison to 2019, malware increased by 358% overall in 2020, and ransomware increased by 435%.

IMPACT OF COVID-19 ON NETWORK PROBE MARKET

The escalating spread of pandemic COVID-19 has positively impacted the network probe market. The pandemic had an impact on worldwide corporate productivity and efficiency. As lockdown measures in many countries, Internet traffic has grown considerably due to many people using work-from-home tools. Thus, network probe solutions are in higher demand to manage the rising network traffic and network risks.

KEY INSIGHTS-

The report will cover the following insights-

• Micro Macro Economic Indicators


• Drivers, Restraints, Opportunities, and Trends


• Impact of Covid-19


• Business Strategies Adopted by Key Players


• Consolidated SWOT Analysis of Key Players

ANALYSIS BY DEPLOYMENT TYPE-

On-Premise Deployment Type to boost the market growth.

The metadata is gathered by sensors deployed on remote units throughout the network in the on-premises deployment architecture. Setup, configuration, maintenance, and deployment of solutions are all handled locally on the premises of end customers. This deployment strategy allows for offline data analytics and package filtering, as well as enhanced system and data control. As a result, on premise deployment type hold major market share in the network probe market.

REGIONAL ANALYSIS-

North America is expected to hold a significant market share in the global network probe market due to prominent players such as Cisco Systems, IBM Corporation, SolarWinds, and others. The U.S. is a significant market for the latest technology adoption. Due to the country's intense financial situation, and investments extensively in adopting cutting-edge tools and technology to smooth commercial operations. As a result, North America dominates the market growth. For Instance, in April 2021, SolarWinds and DNSFilter announced a collaboration to enable MSPs secure their customers from internet security risks using advanced DNS technology. DNSFilter's cloud-based security solution would be integrated with N-Central to deliver threat protection and content filtering to MSPs.

KEY PLAYERS COVERED-

The major companies in the global network probe market include Broadcom, Inc., SolarWinds Worldwide, LLC., IBM Corporation, Cisco Systems, Inc., Netscout, Kentik, Nokia Corporation, Catchpoint Systems, Inc., Cubro Network, AppNeta, Accedian, Paessler AG, Nagios Enterprises, LLC., Dynatrace LLC., HelpSystems, Plixer, LLC., and others.

SEGMENTATION

KEY RECENT DEVELOPMENTS

• In July 2021– Bharti Airtel announced the launch of advanced connectivity solution for organisation based on Cisco Software wide area networking technology. This solution enables large and small organisations to accelerate digital transformation for their customers as well as provide security and visibility.


• In October 2020– Cubro Networks and SilverEngine entered into strategic partnership to combine Cubro's network infrastructure technology with SilverEngine's experience in database actionable intelligence. This is an advancement in Cubro’s probe platform.