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Network Probe Market Growing at a CAGR 12.3% | Key Player Netscout, Broadcom, Cisco, Nokia, NEC

Network Probe Market Growing at a CAGR 12.3% | Key Player Netscout, Broadcom, Cisco, Nokia, NEC
SolarWinds (US), NETSCOUT (US), Broadcom (US), IBM (US), Cisco (US), Nokia (Finland), NEC (Japan), AppNeta (US), Catchpoint (US), and Accedian (Canada), Catchpoint (US), Accedian (Canada), Paessler (Germany), ManageEngine (US), Progress (US), Nagios (US), Dynatrace (US), HelpSystems (US), Riverbed (US), ExtraHop (US), Micro Focus (UK), Cubro (Austria)
Network Probe Market by Component (Solution and Services (Consulting, Training and Support, and Integration and Deployment)), Deployment Mode (On-premises and Cloud), End User (Service Providers and Enterprises), and Region - Global Forecast to 2026

MarketsandMarkets forecasts the global Network Probe Market size to grow from USD 509 million in 2021 to USD 909 million by 2026, at a Compound Annual Growth Rate (CAGR) 12.3% during the forecast period. Companies have been adopting the network probe solution as it provides various benefits, such as improved security, and increased business agility.

Consulting services segment to grow at the highest CAGR during the forecast period

Among the services segment, Consulting services is expected to grow at the highest CAGR during the forecast period. Consulting services are essential during the initial phase of implementing network probe tools over network infrastructures. The consulting services in network probe offer a comprehensive approach to enhance the strength and performance of network infrastructures. Network management is critical to enterprises and service providers; therefore, deploying, designing, and maintaining a network that is robust and resilient is of utmost importance. The consulting services include strong and in-depth consulting expertise in network deployment, design, and management. The services also help in lowering risks, reducing complexities, and raising the Return on Investment (RoI), as they can be easily customized, applicable, and can deliver maximum product assurance.

Consulting services offered by service providers include providing onsite and offsite network project-related assistance for the integration of network devices, developing customized network management solutions, offering consultation for implementation, and designing network infrastructures. Most of the large enterprises require consulting services for planning proactive steps needed to rapidly change network environments.

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Small and Medium Sized Enterprises segment is expected to grow at a higher CAGR during the forecast period

Organizations with less than 999 employees are considered under the SMEs segment. These organizations struggle with a low network infrastructure budget, despite advancements in technologies. However, with the availability of low-cost cloud services, SMEs have shifted their focus on digital transformation to benefit from emerging technologies such as cloud, analytics, Internet of Things (IoT), and Software-Defined Networking (SDN). SMEs focus more on network management solutions to streamline their network infrastructures and enhance their business functions. They also face challenges related to network management due to increased complex network infrastructure, which is targeted by the growing network security attacks. SME businesses have gaps in their network security due to the lack of big budgets for network management. Due to the inadequacy of resources, the protection of customer data becomes an issue in SMEs. Targeted, malware, ransomware, phishing, distributed denial-of-service (DDoS), and denial-of-service (DoS) attacks have increased in SMEs. With advancements in network monitoring tools, network probe solution providers have started offering end-to-end network probe solutions, along with network security features, to leverage the capability of the flow-based technology, and monitor and analyze network traffic. Network probe protects SMEs from digital intruders and helps in network monitoring, and real-time network visibility and analysis to improve network performance, and provide network security and privacy.

Network probe is a powerful flow data exporter in the market as it generates data down to application level and measures performance. Network probe helps to minimize companies’ downtime, thereby reducing costs. It is essential to increase the overall productivity of networks. . Network probe helps organizations to optimize network performance, allowing them to stay competitive in the market, benefits customers, and contributes to the long-term success of any organization. For this, it is imperative to ensure the reliability and availability of networks. As organizations are migrating to more collaborative goals and agile structures, it is becoming crucial for network operators to continuously monitor networks.

The key and emerging market players in the network probe market include SolarWinds (US), NETSCOUT (US), Broadcom (US), IBM (US), Cisco (US), Nokia (Finland), NEC (Japan), AppNeta (US), Catchpoint (US), and Accedian (Canada), Catchpoint (US), Accedian (Canada), Paessler (Germany), ManageEngine (US), Progress (US), Nagios (US), Dynatrace (US), HelpSystems (US), Riverbed (US), ExtraHop (US), Micro Focus (UK), Cubro (Austria), Plixer (US), Kentik (US), ObjectPlanet (Norway), Flowmon (Czech Republic), Qosmos (France). These players have adopted various strategies to grow in the global Network Probe Market

SolarWinds is a leading provider of powerful and affordable IT management software. It is headquartered in Texas, US. The company enables clients to monitor and manage their IT services, infrastructures, and applications through the following deployment modes: on-premises, cloud, or hybrid. 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 single, 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 handle complex networks with ease. It offers solutions such as Automated Monitoring and Management, and Remote Monitoring and Management. SolarWinds operates in a single business segment and gains most of its revenue from outside the US. The company, with over two decades of industry experience, caters to over 300,000 clients and a vast majority of Fortune 500 companies.

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NETSCOUT is a provider of application and network performance management products. The company is headquartered in Westford, US. It offers application and network performance management solutions to enterprises and service provider organizations for business and mobile services. It also delivers the packet-flow technology that provides real-time network and application performance intelligence for networks, applications, and users. NETSCOUT’s integrated hardware and software solutions are used by commercial enterprises, government agencies, and telecommunications service providers. With more than 20,000 customers in over 120 countries around the world, NETSCOUT helps organizations accelerate digital transformation. The company offers solutions providing real-time, pervasive visibility and insights that customers need to accelerate and secure their digital transformation. 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 were brought into NETSCOUT.

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