Deep Packet Inspection and Processing Market Research Report
GMI Research projects that the Deep Packet Inspection and Processing Market will witness healthy growth over the forecast period.
Deep Packet Inspection and Processing Market
GMI Research projects that the Deep Packet Inspection and Processing Market will witness healthy growth over the forecast period. The market is forecast to touch USD 93.4 Billion by 2027, expanding at a CAGR of 13.9% over the forecast period (2020-2027) owing to the growing adoption of cloud-based security technologies.
Deep packet inspection refers to a type of network packet filtering that allows the network owner to detect internet traffic. The deep packet inspection usually confirms whether the data is in the correct format or not. Growth in the deep packet inspection and processing market is driven by the growing need to reduce operational costs and capital expenditure while improving network performance.
With the growing concern towards cybersecurity, the demand for enhanced internet security and the growing adoption of managerial and data protection laws has increased. Also, ongoing technological innovation in deep packet inspection technology and research and development activities intending to improve the performance will further surge the market growth. The government is increasingly adopting the technology to improve the network traffic and supervise the harmful data, which is another factor fueling the market growth. However, the need for high budget and insufficient skilled personnel might hamper the Deep Packet Inspection and Processing Market Share.
By installation type, the Integrated segment is predicted to witness notable growth over the coming years owing to the remarkable benefits such as better productivity, business performance, and simplified agility. Increasing implementation of integrated deep packet inspection and processing solutions has paved the way for market growth.
By deployment mode, the cloud segment is forecast to surge at a higher CAGR over the forecast period. Cloud-based services offer enormous benefits, such as improved control over infrastructure and servers and easy availability will propel the market growth. Further, the growing use of cloud-based services because of the user-friendly features and offering of on-demand information.
By region, North America is anticipated to hold a larger share during the forecast period owing to the intensified research and development activities to enhance the security of these devices. Also, the growing adoption of deep packet inspection and processing technology across several end-use industries and the presence of leading players will bolster the Deep Packet Inspection And Processing Market Size.
Leading players operating in the market include IBM Corporation, Cisco Systems, Inc., Juniper Networks, Inc., Extreme Networks, SolarWinds Inc., NETSCOUT, Viavi Solutions Inc., Cubro Network Visibility, Qosmos, and LogRhythm, Inc.
In 2019, Extreme Networks procured Aerohive Networks, an initiator of cloud-managed networking, to help enlarge its offering of cloud, wireless, and on-premises wired technology to the partners and customers.
In 2019, Cisco Systems, Inc. purchased Singularity Networks, a network infrastructure analytics company, to incorporate the analytics capabilities of Singularity Networks into its portfolio of Crosswork Network Automation. Also, it offers reliable, timely, and actionable information connected to the situation of the network 24/7 to offer exclusive networked experiences.
Deep Packet Inspection and Processing Market Segmentation:
Deep Packet Inspection and Processing Market by Component
Deep Packet Inspection and Processing Market by Installation Type
Deep Packet Inspection and Processing Market by Deployment Mode
Deep Packet Inspection and Processing Market by Organization Size
• Small & Medium-Sized Enterprises
• Large Enterprises
Deep Packet Inspection and Processing Market by Vertical
• Government & Defense
• IT & Telecom
• Retail & Ecommerce
Deep Packet Inspection and Processing Market by Region:
• Asia Pacific
o Rest of APAC
• North America
o United States of America
o United Kingdom
o Rest of Europe
o South Africa
o Saudi Arabia
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GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.
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