Network Probe Market Size & Share Analysis - Trends, Drivers, Competitive Landscape, and Forecasts (2024 - 2030)

Network Probe Market Size

Network Probe Market Analysis

Solutions Hold Larger Market Share

The solutions category, based on component, holds the larger market share, because of the rising demand for these tools from various industries, including BFSI, aerospace & defense, ICT & media, public services, and telecommunications. These solutions offer a wide range of services that allow network administrators and engineers to gather important information about the network performance, to detect security threats and ensure the smooth operations of the telecom infrastructure. Market players also provide solutions for performance monitoring, troubleshooting, security analysis, bandwidth management, and cloud monitoring.

Moreover, these solutions provide enterprises with complete, real-time visibility into their traffic and application issues. This enables the monitoring, analysis, and optimization of network performance, while addressing the challenges posed by encrypted, evasive, IoT, and SCADA traffic in hybrid IT & cloud environments.

The services category is expected to witness the faster growth, at a CAGR of more than 11.2%, over the forecast period. This can be because consulting services related to these probes assist businesses in tackling the challenges and seizing the opportunities associated with their networking infrastructure. These services also aid in strategically aligning and prioritizing operational, networking, and business needs. Companies operating in this field offer comprehensive services ranging from assessment and strategic planning to deployment and design, along with ongoing management and monitoring.

Small & Medium Enterprises is Growing Faster

Based on organization size, small & medium enterprises is expected to grow faster with a CAGR of more than 11.5% during the forecast period. This is due to the rising utilization of advanced technologies, such as software-defined networking (SDN), AI, cloud computing, and IoT, by them to improve their operational efficiency. In addition, SMEs are using these solutions and services to efficiently manage and optimize their intercommunication infrastructure, simplify management, and edge out competitors, driven by network probes’ advantages such as affordability, scalability, and flexibility.

Furthermore, these enterprises struggle with management due to the complexity of their IT infrastructure, which makes them more susceptible to attacks. Due to the limited budgets for IT management, SMEs often have gaps in their network security. By enabling their monitoring, real-time analysis, and visibility, these probe solutions play an important role in protecting SMEs against cyberthreats and improving their performance.

The large enterprises category is projected to witness the faster growth over the forecast period. This can be attributed to the rising investments by large enterprises to address cyberattacks. These enterprises operate in various challenging environments, including geographically dispersed locations and cloud-based infrastructure, which are susceptible to cyberthreats. As a result, there is a growing demand for network monitoring solutions to mitigate these risks.

On-Premises Category Dominates Industry

The on-premises deployment mode dominates the market due to its increasing usage at small & medium enterprises as well as large enterprises. This mode provides several benefits, including enhanced security, performance, control over data usage and access, and the ability to handle setup, configuration, maintenance, and deployment locally, at customers' premises. This deployment strategy allows for offline data analytics and package filtering, as well as improved system and data control. It also gives users the power to customize their security settings and the freedom to update their software themselves, whenever necessary.

Additionally, it brings advantages such as reduced bandwidth costs, heightened security and privacy, and greater control over server hardware.

BFSI Sector Holds Significant Market Share

Based on enterprise end users, the BFSI category accounts for a significant market share, due to the growing emphasis on cybersecurity. With the rise in the need for the real-time monitoring of traffic, as well as its timely analysis and appropriate management, because of the sensitive nature of financial transactions and data, these probes are being used for achieving the best possible performance, transparency, security, and compliance.

The need for these solutions has been further spurred by the industry's ongoing digital transformation and increasing investments in infrastructure that enables the deployment of advanced technologies. Moreover, as the sector is adopting cutting-edge technologies, such as cloud computing, mobile banking, and IoT, these solutions are playing a critical role in delivering complete network visibility and management.

These solutions are even more significant for the BFSI sector because of the imperative need for regulatory compliance and risk management. They make it possible to continuously monitor and analyze IT activity, thus guaranteeing compliance with data privacy laws, identifying potential security concerns, and aiding forensic investigations and incident response.

Moreover, by prioritizing value generation through ease of use, price differentiation, and variety in their offerings, fintech companies are challenging the old banking paradigm, which depended on client loyalty and trust. Further, with Industry 4.0, the BFSI business is changing as well. In this stage of the BFSI business model, human forces are more-heavily involved. Numerous business applications and academic research studies have already benefited greatly from developments in neural networks and computing.

The service providers category held a larger market share for network probes in 2023. Due to the rising need for cutting-edge technologies, including 5G and IoT, the demand for solutions to support their operations has risen. Here, network probes are essential for tracking and evaluating performance, security, and quality.

Service providers can identify and resolve problems, such as high latency, packet loss, and low throughput, by monitoring and analyzing network traffic, which eventually enhances the entire subscriber experience.

Furthermore, the necessity for improved monitoring technologies has increased due to the exponential expansion in the amount of data traveling through data centers. Service providers are emphasizing the deployment of reliable intercommunication infrastructure that gives optimal performance, in order to provide a better subscriber experience and outperform their rivals.

Geographical Analysis

North America Is Market Leader

North America held the largest market share, of around 55%, in 2023, primarily due to the region's rapid expansion of internet connectivity and widening application area for network performance metrics. This is credited to the presence of many top companies across industries that have a strong commitment to financial stability and a need for accurate and dependable performance monitoring solutions, for protection, monitoring, and performance enhancement. This is why they are and significantly investing in cutting-edge tools and technologies for network monitoring.

APAC is the fastest-growing regional market as a result of the significant rise in infrastructure investments and the presence of well-known IT and telecom enterprises. Additionally, the adoption of network probing solutions among the SMEs in the region is expected to be influenced by the increasing IP traffic, growing intercommunication complexity, and rising acceptance of SaaS-based monitoring solutions.

Additionally, the rise in data traffic leads to an increase in the frequency and severity of cyberattacks on enterprise networks, including malware, viruses, and denial-of-service (DoS) attacks. The need for these probing solutions among enterprises in the region has grown as a result of the rise in the number of cyberthreats in rapidly developing nations, including China and India, and other major economies, such as Japan and South Korea.

Market Size Breakdown by Segment

This fully customizable report gives a detailed analysis of the network probe industry from 2019 to 2030, based on all the relevant segments and geographies.

Based on Component

• Solutions
• Services

Based on Organization Size

• Large Enterprises
• SMEs

Based on Deployment Mode

• On-Premises
• Cloud

Based on End User

• Service Providers
  • Telecom service providers
  • Cloud service providers
• Enterprises
  • BFSI
  • IT and ITeS
  • Government

Geographical Analysis

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
• Asia-Pacific
  • Japan
  • Chin
  • India
  • South Korea
  • Australia
• Latin America
  • Brazil
  • Mexico
• Middle East and Africa
  • Saudi Arabia
  • South Africa
  • U.A.E.

Top Network Probe Companies