Network probes are becoming more important due to the growing use of IoT (cloud computing), network complexity, and security concerns. However, a lack of technical expertise hampers market growth in network probes. Despite this, there is a growing demand for network monitoring instruments by SMEs, which should support market growth. This will provide lucrative growth opportunities.
SMEs in the region use the cloud, artificial Intelligence, and software-defined networks (SDN) to improve their productivity, and to manage their networks and increase efficiency, companies use network probe tools. Due to attacks on network security and low overheads, the region is a hotbed of network probe tools. As such, new opportunities are available for network probe vendors in the form of SMEs.
Read More: Network Probe Market Flourishing: What’s Behind the Boom?
In 2022, the global Network Probe Market’s value is USD 0.508 Billon, however, the global network probe market is expected to reach USD 0.908 Billion by 2031. This will accompany a 12.4% Compound Annual Growth Ratio (CAGR).
Demand for network probes is increasing due to cloud technology and the advent of analytics. Because of increasing cybersecurity management requirements, network probes are also expected to grow. Global cloud computing innovations and improved cloud infrastructures drive market share for network probes.
Demand for next-generation network detection solutions (NDR) is driving market growth in the network probe market which improves visibility and performance. Market growth is expected due to the availability of new NDR products which simplify network security.
Recent Developments
- June 2021: Micro Focus partnered with RAH Infotech India (a technology distributor). The partnership was created to support Indian companies in their digital journey. RAH Infotech and Micro Focus are teaming up to leverage their pan-India distribution networks to deliver all technology solutions. These include security and enterprise DevOps.
- May 2021: Catchpoint team up with Google Cloud. This collaboration will make IT departments more user-centric. It will help them understand the applications’ availability, performance, and health and the infrastructure running in Google Cloud. The unique digital experience of Catchpoint, combined with insights from the largest global surveillance network and the universal visibility provided by Google Cloud’s partner ecosystem, has enabled the company to close the visibility gap, which had been a problem for so long.
- April 2021: SolarWinds entered into a partnership with DNSFilter. DNSFilter is the industry’s most trusted DNS threat prevention and content-filtering service. MSPs can now use improved DNS technology to protect customers from online security threats. DNSFilter’s cloud-based security system is combined with N-central in this partnership to offer MSPs content filtering and risk protection.
- April 2021: Broadcom entered into a partnership with Google Cloud. This partnership will allow Broadcom to strengthen its cloud service integration and expand on key franchise rights. Broadcom will be able to offer its security software portfolio and enterprise operation software through Google Cloud. This will allow Broadcom to implement the security of its solution, DevOps, etc., using Google Cloud’s trusted global networks.
- April 20, 2021: NEC (Cisco) and Cisco sign the Global System Integrator Agreement. The agreement promotes global 5GIP transmission network solutions. These companies will work together to promote the latest 5G business opportunities. Cisco and NEC Group companies are expected to collaborate to support NEC’s ecosystem using optimized IP metro/access transmissions, edge cloud computing solutions, and other IP-optimized services. Cisco will support NEC users with first-class products and implementation support.
