by on September 29, 2023

Market Overview

Network probes are monitoring tools that track network performance and troubleshoot issues. They are used by network administrators to monitor network traffic, identify bottlenecks, and detect and prevent security threats. Network probes work by sending and receiving packets of data across the network. They can be deployed on-premises or in the cloud.

The global network probe market is expected to grow from USD 0.5 billion in 2022 to $1.32 billion by 2032, at a CAGR of 10.6% from 2023 to 2032. The growth of the market is being driven by a number of factors, including the increasing demand for network monitoring and troubleshooting, the growing adoption of cloud computing and IoT, and the rising need for cybersecurity solutions.

Key Companies

Some of the key companies operating in the network probe market include:

  • Cisco Systems
  • Juniper Networks
  • Hewlett Packard Enterprise
  • SolarWinds
  • VMware
  • IBM
  • Broadcom
  • Ixia
  • NetScout Systems
  • Gigamon
  • Exfo
  • Anritsu

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Market Segmentation:

The network probe market can be segmented by component, deployment model, organization size, end-use vertical, and region.

By component:

  • Solutions
  • Services

By deployment model:

  • On-premises
  • Cloud-based

By organization size:

  • Large enterprises
  • SMEs

By end-use vertical:

  • IT and telecom services
  • Government
  • BFSI
  • Others

Regional Insights:

The North American region is expected to dominate the network probe market over the forecast period. The region is home to a number of large enterprises and data centers, which are driving the demand for network monitoring and troubleshooting solutions. The Asia Pacific region is expected to grow at the fastest CAGR over the forecast period, due to the increasing adoption of cloud computing and IoT in the region.

Industry Latest News:

  • In February 2023, Cisco Systems announced the launch of the new Catalyst 9000 Series Network Probes. The new probes offer enhanced performance and scalability, and support for new network technologies such as 5G and Wi-Fi 6E.
  • In March 2023, Juniper Networks announced the release of the new Junos Space Network Insights platform. The platform provides a comprehensive view of network performance and security, and includes a number of new features such as AI-powered analytics and predictive maintenance.
  • In April 2023, Hewlett Packard Enterprise announced the acquisition of Silver Peak Systems, a provider of cloud-based networking solutions. The acquisition is expected to strengthen HPE's position in the network probe market.

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