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 better decisions to reduce downtime and monitor and manage voluminous data is expected to boost the network probe market growth among enterprises.
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By end users, enterprises are expected to register the fastest growth rate during the forecast period.
The Enterprises use network probes for bandwidth monitoring, application monitoring, IP traffic management, and real-time visibility to make decisions that add value to their businesses. Enterprises are increasingly investing in new and latest technologies, such as AI, ML, analytics, edge computing, and hybrid and multi-cloud technology. The demand for subscription-based SD-WAN and WLAN services has increased over the last few years as the subscription-based model manages the entire IT network infrastructure, thereby enabling enterprises to focus on core business objectives.
By end users, BFSI is estimated to account for the largest market share in 2022
BFSI is a highly regulated industry vulnerable to malicious attacks and fraudulent activities. These companies face distinctive challenges, including economic risks such as loss of financial data and customer information for internal and external transactions in case of network failure. These networks are exposed to threats because of network tampering or cyber-attacks, which may lead to network failure or financial instability. To overcome the distinctive challenges, 24×7 network connectivity and flawless network availability are crucial, which can be done by continually monitoring and analyzing the required network. Therefore, discrepancies in the BFSI sector can be controlled by real-time network visibility, which can be enabled by employing network probe solutions.
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The major vendors covered in the network probe market include SolarWinds Worldwide LLC. (SolarWinds), NETSCOUT Systems Inc. (NETSCOUT), Broadcom Inc. (Broadcom), IBM Corporation (IBM), Cisco Systems, Inc. (Cisco), Nokia Corporation (Nokia), NEC Corporation (NEC), AppNeta, Catchpoint Systems, Inc. (Catchpoint), Accedian, Paessler AG (Paessler), ManageEngine, Progress Software Corporation (Progress), Nagios Enterprises, LLC (Nagios), Dynatrace LLC. (Dynatrace), HelpSystems, Riverbed Technology (Riverbed), ExtraHop Networks (ExtraHop), Micro Focus, Cubro Network Visibility (Cubro), Plixer, LLC. (Plixer), Kentik, Inc. (Kentik), ObjectPlanet, Inc (ObjectPlanet), Flowmon Networks a.s. (Flowmon), Qosmos, Radcom LTD (Radcom), Firstwave Cloud Technology Limited (Firstwave), and 3Columns. These companies have adopted various strategies to cater to the growing demand for network probe and strengthen their position in the market.
SolarWinds is a leading provider of powerful and affordable IT management software. SolarWinds Orion Platform is an all-in-one platform. It delivers central visibility and control through a tightly integrated experience. The platform includes solutions, such as Network Performance Monitoring, Traffic Analyzer, and Network Automation Manager. These solutions are highly scalable, and the integrated network and system performance data is combined from multiple parts of the tech stack to provide a unified, application-centric view and experience. SolarWinds also offers the N-able N-Central platform, which it acquired in 2013. It is a remote monitoring and management platform designed to help MSPs easily handle complex networks. SolarWinds operates in a single business segment and gains most of its revenue from outside the US.
NETSCOUT is a provider of application and network performance management products. It offers the application and network performance management solutions to enterprises and service provider organizations for business and mobile services. It also delivers packet-flow technology that provides real-time network and application performance intelligence for networks, applications, and users. For instance, nGeniusONE offers real-time visibility and analysis for transforming networks, applications, and Unified Communications (UC) environments. Its main features include Performance Analysis, Application Analysis, Session Analysis, and Service Dependency Mapping. In July 2015, with the acquisition of Arbor Networks, the Arbor Sightline platform along with its several solutions, was brought into NETSCOUT.
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