Network Probe Market Size, Share & Trends Analysis Report By Component (Solution, Services), By Deployment (Cloud, On-premise), By Enterprise Size, By End Use, By Region, And Segment Forecasts, 2021 - 2028

Report Overview

The global network probe market size was valued at USD 0.50 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 12.3% from 2021 to 2028. The market growth can be attributed to the increasing security concerns and network complexity. At the same time, the need to resolve network downtime issues and stress that occurs due to the exponential rise in IP traffic is accentuating the market growth. An increasing number of companies shifting toward the latest cloud-based technologies is also creating a need for established network frameworks. Network probe is a network traffic protocol and monitor analyzer that provides users with real-time data of network traffic status. It provides information on volume and type of network traffic and assists them in identifying potential bottlenecks and issues in the computer network. The increasing demand for managing networks among small businesses and IT departments is driving the market growth. Network monitoring tools enable users to monitor real-time as well as past network statistics by selecting a suitable time interval.

The increasing incidence of cyber-attacks is contributing to the growing need for network probes. Network probes play a vital role in detecting cyber-attacks as it provides granular and context-rich network traffic visibility to users. This data enables businesses to improve their accuracy of threat detection. According to the statistics provided by Retarus, a corporate blog provider, in 2020, malware cyber threats increased by 358%, followed by ransomware, which accounted for 435%.

Increasing number of network-connected devices worldwide is also one of the major factors driving the market growth. Network probe is used for monitoring issues or connection failures that bottleneck the data flow in connected devices. According to the statistics provided by Cisco, network devices are expected to reach 29.3 billion by 2021 from 18.4 billion in 2018. Moreover, half of the network-connected devices across the globe, i.e.14.7 billion devices, would support the internet of things applications by 2023.

Network probes are gaining traction among small businesses as they enable them to prevent network outages, speed up troubleshooting, and optimize their IT infrastructure performance. Additionally, small businesses demand network probes for preventing cyber-attacks and, in turn, financial losses. According to the statistics provided by the U.S. Small Business Administration, 30.2 million small businesses in America are witnessing the risk of digital disruption and are expected to adopt a strategy for combating cyber-attacks.

COVID-19 Impact Analysis

The outbreak of the COVID-19 pandemic has had a positive impact on the market growth. Network probes help businesses to monitor network traffic in real-time and prevent unnecessary office visits. Moreover, the pandemic has changed the way businesses operate with the growing adoption of the work from home approach. This, in turn, is driving the use of network probes to help businesses improve their network performance and security issues.

Component Insights

The solution segment led the network probe market and accounted for over 56.0% share of the global revenue in 2020. Network probe solutions enable businesses to monitor network traffic, which includes evasive and encrypted traffic. Moreover, IT downtime can lead to inconvenience, financial losses, and hampered productivity. Network probe solutions enable businesses to accurately identify the reasons for bottlenecks, downtime, and slowdowns in the network.

The services segment is anticipated to register the highest growth over the forecast period. Network probe consulting services help businesses in addressing the challenges and opportunities of networking infrastructure. They also help businesses in strategically interlinking and prioritizing the operation, networking, and business requirements. Companies operating in this space provide lifetime services from assessment and strategy to deployment and design as well as ongoing management and monitoring.

Deployment Insights

The on-premise segment dominated the market and accounted for over 61.0% share of the global revenue in 2020. On-premise network monitoring provides a higher level of control on the network compared to cloud-based solutions. IT professionals mainly demand this type of deployment as it has the ability to configure solutions that meet their exact demands. Additionally, benefit provided by this deployment such as performance reliability to the service providers is also one of the major factors driving the segment growth.

The cloud segment is expected to register the highest growth over the forecast period. The segment growth can be attributed to the businesses' growing adoption of cloud-based software to eliminate the hassle and expense of managing a system. Furthermore, cloud-based network monitoring solutions provide remote access to the platform from any device or location. Moreover, the seamless integration capability of cloud-based software is also contributing to its growing demand.

Enterprise Size Insights

The large enterprises segment dominated the market and accounted for over 53.0% share of the global revenue in 2020. Large enterprises operating in environments such as geographically distributed locations, cloud as a services infrastructure, and others are prone to challenges such as cyber-attacks, thus creating a need for network monitoring solutions. According to the statistics provided by NETSOUCT, a computer network provider, large enterprises widely prefer anti-DDoS services, the demand for which was recorded at 54% in 2017, which was 70% more than the small enterprises. Moreover, increasing investments made by large enterprises for addressing cyber-attack concerns are also contributing to the segment growth.

The small and medium enterprises segment is expected to register the highest growth over the forecast period. Many small and medium businesses are adopting the bring your own device and internet of things trends to stay competitive in the market. This has resulted in the growing demand for IT infrastructure to support the rising network traffic of businesses. Thus, the growing network traffic in the operations of small businesses is driving the segment growth.

End-use Insights

The enterprises segment dominated the market and accounted for over 59.0% share of the global revenue in 2020. The demand for network probes is high in BFSI as the sector lays great emphasis on efficiently meeting customer needs and providing consistent and reliable services. Downtime in the network can lead to huge revenue losses. As such, network monitoring solutions help organizations in the 24/7 monitoring of the network from any location.

The service providers segment is anticipated to register the highest growth over the forecast period. Service providers are experiencing an increase in demand for enhanced network technology due to the rise in adoption of 5G and internet of things, which has further created an increasing demand for network probes. Moreover, the unprecedented volume of data running via data centers has created a demand for enhanced network monitoring tools. In order to provide enhanced subscriber experience and outperform their competitors, service providers focus on offering a robust network that includes enhanced performance, security, and visibility.

Regional Insights

North America dominated the market and accounted for over 30.0% share of global revenue in 2020. The segment growth can be attributed to the presence of prominent market players such as IBM, Cisco, SolarWinds, and others in the region. The growing adoption of 5G technology in the region is also driving the market demand. Organizations are widely adopting network probes for streamlining their office operations, delivering information more efficiently, and executing internal processes more effectively.

Meanwhile, Asia Pacific is expected to emerge as the fastest-growing regional market over the forecast period. Increasing investments in 5G networks by players such as NTT DoCoMo and SoftBank are driving the market growth in the region. Additionally, China is home to several network infrastructure providers, such as Huawei and ZTE. The constant rise in cyber-attacks such as DDoS and malware is also contributing to the market growth in the region.

Key Companies & Market Share Insights

The market is highly fragmented in nature. The players operating in the market are focused on strategies such as partnerships, mergers, and acquisitions. For instance, in March 2020, Cubro, a technology provider for network infrastructure, announced its partnership with SilverEngine, a software company. Through this partnership, the data extracted from the network probe of Cubrowould be used by SilverEngine to provide actionable insights on how to improve mobile network performance and subscriber's experience.

Numerous vendors are focusing on offering solutions to cloud service providers for increasing the performance visibility of their network. For instance, in March 2021, Catchpoint, a provider of Digital Experience Monitoring, announced its integration with Google Cloud. Through this integration, the IT team of Google will be able to gain user-centric visibility of performance and infrastructure running on Google Cloud. Some of the prominent players operating in the global network probe market are:

• SolarWinds

• NETSCOUT

• Broadcom

• IBM

• Cisco

• Nokia

• Catchpoint

• Cubro

• Kentik

• NEC

Network Probe Market Report Scope

Segments Covered in the Report

The report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2028. For this study, Grand View Research has segmented the global network probe market report based on component, deployment, enterprise size, end use, and region:

• Component Outlook (Revenue, USD Million, 2017 - 2028)

  • Solution

  • Services

    • Consulting

    • Integration & Deployment

    • Training & Support

• Deployment Outlook (Revenue, USD Million, 2017 - 2028)

  • Cloud

  • On-premise

• Enterprise Size Outlook (Revenue, USD Million, 2017 - 2028)

  • Large Enterprises

  • Small & Medium Enterprises

• End-use Outlook (Revenue, USD Million, 2017 - 2028)

  • Service Providers

  • Enterprises

    • BFSI

    • Government

    • IT & Telecom

    • Others

• Regional Outlook (Revenue, USD Million, 2017 - 2028)

  • North America

    • U.S.

    • Canada

  • Europe

    • Germany

    • U.K.

  • Asia Pacific

    • China

    • India

    • Japan

  • Latin America

    • Brazil

  • Middle East & Africa