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.
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.
Companies profiled in the report are Gigamon (US), NetScout Systems, Inc. (NetScout) (US), Ixia (US), VIAVI Solutions, Inc. (Viavi Solutions) (US), APCON, Inc. (APCON) (US), Garland Technology (US), and Cisco Systems, Inc. (Cisco) (US), Broadcom Inc. (Broadcom) (US), Juniper Networks, Inc. (Juniper Networks) (US), Big Switch Networks, Inc. (Big Switch Networks) (US), Zenoss Inc. (Zenoss) (US), Network Critical (UK), Corvil (Ireland), CALIENT Technologies, Inc. (CALIENT) (US), Netgear Inc. (Netgear) (US), and Motadata (US).
Gigamon (US) held the leading position in the global network packet broker market in 2017. The company offers a wide range of network TAPs, packet brokers, and aggregators for traffic analysis and monitoring purposes. In September 2017, the European Broadcasting Union partnered with Gigamon to strengthen its traffic visibility for faster incident diagnosis and network security. The company has a full product portfolio for network packet brokers, thereby providing a whole range of deployments—from small to very large industries.
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