The global network probe market is expected to reach USD 0.68 billion in 2024 and USD 1.12 billion by 2029, growing at aCAGR of 10.4% during the fotrecast period.
Network probe is a widely adopted concept among IT professionals to understand and analyze the traffic situation on your network. It allows us to figure out the slowdowns of the network in no time and assists IT professionals with real-time performance analysis of the networks. It gives IT and network administrators a greater ability to monitor the network's performance in real-time and provides instant information. Furthermore, network probes help avoid cybercrimes by identifying the suspicious and loose ends of the network. These network problems further favor the analytical ability to automatically identify unauthorized logins and information exchange.
Furthermore, the difficulties associated with the networks and security concerns are further fuelling the need for network probes. In addition, the growing usage of cloud and IoT in IT infrastructure and network management is expected to promote the market’s growth rate during the forecast period. Increased adoption of network-connected devices is another major factor propelling market growth. For instance, according to wired.com, the Internet is connected to 10 billion devices in today's world, and this number is further anticipated to accelerate in the coming future. According to the analysis provided by Cisco, the number of network devices is expected to hit 29.3 billion by 2021, and 50% of the devices are expected to support IoT.
Growing security concerns with network complexity are one of the key factors favoring the network probe market. Internal security threats, DDoS attacks, rogue security software, malware, ransomware, phishing attacks, and viruses are a few of the significant security concerns associated with networks. In addition, increasing demand to solve the issues associated with network downtime is impacting the market positively. Time is money to any enterprise in the present world, and network downtime could potentially result in a loss in revenue and productivity to organizations. These days, large enterprises and SMEs have started taking severe measures against network downtime issues. Since network probes are one of the reliable solutions to track networks' performance and detect networks' downtime in real-time, adopting these solutions has spiked and resulted in market growth.
The growth of the network probe market is further anticipated to be driven by the growing usage of network probes among SEMs due to the rise in cyberattacks and the resulting financial loss. In addition, YOY growth in the number of cyberattacks happening worldwide further promotes the need for network probes and accelerates the market’s growth rate. For instance, according to statista.com, between January 2022 and June 2022, an estimated 2.8 million malware attacks were registered worldwide. Furthermore, according to the FBI’s Internet Crime Report 2020, an estimated 15421 technical support fraud complaints were registered from 60 countries. According to Cybersecurity Ventures, the costs associated with cybercrimes are estimated to reach USD 10.5 trillion by 2025 and are expected to climb each year rapidly by 15%.
Network probes ask for huge investment capital for the setup in the initial days, which is difficult for small and medium enterprises and turns out to be inhibiting the market growth. Furthermore, in various world geographies, the awareness around network probes is minimal, which is another major factor hampering the market growth. The adoption rate of network probes less among SMEs, and lack of awareness regarding the advantages of the network probes could be one of the potential reasons for that, which is expected to project a negative impact on the market growth. In addition, the lack of people with technical expertise to handle the network infrastructure is further dampening the market growth.
The increasing requirement among organizations to manage the enormous volume of network performance data is one of the potential opportunities for the market. The growing awareness regarding the network probes and the associated benefits are anticipated to expand the growth scope of the market. The growth in the demand for network monitoring tools is estimated to offer growth possibilities to the market participants of the network probe market. The increasing internet usage by all sized enterprises worldwide is estimated to promote the usage of network probes. The usage of network probes has seen an upward movement in the usage by start-ups, which is projected to create more opportunities.
The impact of COVID-19 was severe on large SMEs. To combat the widespread coronavirus, countries closed their borders, asked companies to shut down their activities for the time being, and announced restrictions on travel bans and social gatherings. These actions by various governments created a variety of negative impacts on the global economy and supply chain ecosystem. On the other hand, the COVID-19 pandemic accelerated the growth rate of the network probe market. In addition, COVID-19 has promoted the usage of digital technologies. People and companies have started figuring out new ways of doing their work activities and business. Due to lockdowns announced in multiple countries, corporates asked their employees to work from home, and education institutions started teaching using online tools, which have increased internet traffic significantly and accelerated the need for network probes to avoid network downturns and network risks.
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REPORT METRIC |
DETAILS |
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Market Size Available |
2023 to 2029 |
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Base Year |
2023 |
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Forecast Period |
2024 to 2029 |
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CAGR |
10.4% |
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Segments Covered |
By Component, Deployment, Enterprise Size, End-User, and Region. |
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Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
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Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
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Market Leaders Profiled |
Catchpoint, Accedian, Paessie AG, SolarWinds Worldwide, LLC, International Business Machines Corporation, Cisco Systems, Inc., ExtraHop Networks, Flowmon Netwoks A.S., Cubro Network Visibility, Micro Focus, Nokia Corporation, NEC Corporation, AppNeta, and others. |
Based on components, the solutions segment captured the leading share of 52.6% of the global market in 2021, and the domination of this segment is anticipated to continue during the forecast period. The advantages associated with the network probe solutions are one of the major factors propelling the segment’s growth. These solutions give way to IT professionals monitoring the network’s performance and identifying the issues associated with downtime and slowdowns.
On the other hand, the services segment is forecasted to project a healthy CAGR during the forecast period. The market participants operating in the services segment provide services to enterprises and help develop and design network infrastructure. The consulting services for network probes are gaining attention and propelling the segment’s growth.
Based on the deployment, the on-premise segment led the network probe market accounting for the largest share in 2021. On-premise network solutions offer better control than cloud-based network solutions, one of the major factors favoring the on-premises segment over the cloud segment. Furthermore, the growing preference from IT professionals for on-premises network solutions further propels this segment's growth. In addition, greater performance reliability associated with the on-premises network solutions to the service providers is further promoting the adoption of the on-premises segment.
However, the cloud segment is projected to showcase the fastest CAGR in the global network probe market during the forecast period. This is because cloud-based network solutions are cost-effective, thus getting increasing adoption from enterprises, resulting in the segment’s growth. In addition, the comfort associated with cloud-based solutions is another attribute promoting adopting these solutions.
Based on the enterprise size, the large enterprise segment accounted for the most significant share of the global network probe market in 2021. The need for network probe solutions is high among large-sized enterprises as they operate from multiple locations. In addition, the ability to invest high amounts in the network infrastructure further promotes the segment's growth.
However, the SME segment is anticipated to register the fastest CAGR during the forecast period in the global network probe market. SMEs are widely adopting network probe solutions to safeguard themselves from uncertainties such as cyberattacks. The adoption of network probe solutions is growing substantially among small and medium enterprises owing to the growing number of cyberattacks and losses associated with them cyberattacks.
The enterprises held the most significant share of the global network probe market in 2021. Among the sub-segments of the enterprises segment, the BFSI had the leading share in the market in 2021. The demand for the network probes is growing significantly from the BFSI segment owing to the growing need to meet customer needs and provide timely services. In addition, BFSI is one of the segments that may experience significant losses if the network goes down, increasing the need for network monitoring solutions in the BFSI segment and boosting the segment’s growth.
However, the service providers segment is predicted to showcase the fastest CAGR in the global network probe market during the forecast period.
North America led the network probe market in 2021 and captured a notable share owing to factors such as the presence of key market players and greater adoption of technological advancements. In addition, the adoption of network probes is high among the companies operating in the North American region, further propelling the market growth in this region. As a result, the U.S. market in this region had the largest share of North America in 2021.
The European region is forecasted to hold a substantial global market share during the forecast period.
The Asia-Pacific is one of the other promising regions in the global market. The Asia-Pacific region is experiencing significant investments, broadening the network probe market scope in this region. In addition, emerging economies such as India and China are anticipated to promote market growth in this region.
In August 2021, Bharti Internet partnered with Google Cloud and Cisco and announced the launch of “Airtel Internet Office” to offer digital transformation among SMEs.
In March 2020, Cubro and SilverEngine announced their partnership. This partnership aims to upgrade Cubro’s probe platform by incorporating SilverEngine’s expertise
In December 2020, NETSCOUT Systems Inc. announced the extension of a multi-year agreement with Vodafone with a focus on helping NETSCOUT’s InfiniStreamNG platform to help provide real-time, end-to-end visibility across Vodafone’s hybrid environment.
By Component
Solution
Services
By Deployment
Cloud
On-premise
By Enterprise Size
Large Enterprises
SMEs
By End-User
Service Providers
Enterprises
By Region
North America
Europe
Asia-Pacific
Latin America
Middle East and Africa
Frequently Asked Questions
Key drivers include the rising complexity of network infrastructures, the increasing adoption of cloud services, the proliferation of connected devices (IoT), and the need for enhanced security and real-time monitoring to prevent cyber threats.
Major challenges include high deployment and operational costs, complexity in managing and analyzing vast amounts of network data, and potential issues with data privacy and regulatory compliance.
Advancements such as artificial intelligence (AI) and machine learning (ML) are expected to significantly impact the network probe market by enabling more sophisticated data analysis, predictive analytics, and automated network management and troubleshooting.
Regulatory and compliance requirements drive the demand for network probes, as organizations need to ensure data integrity, protect sensitive information, and comply with standards like GDPR, HIPAA, and others. Network probes help in monitoring and logging network activity to meet these regulatory requirements.
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