Deep Packet Inspection and Processing Market worth $12.5 billion by 2024
According to a research report "Deep Packet Inspection and Processing Market by Component (Solutions and
Services), Solution Type (Hardware and Software), Installation Type (Integrated
and Standalone), Deployment Mode, Organization Size, Vertical, and Region -
Global Forecast to 2024", published by MarketsandMarkets, the global deep packet
inspection and processing market size is expected to grow from USD 8.7 billion
in 2019 to USD 12.5 billion by 2024, at a Compound Annual Growth Rate (CAGR) of
5.9% from 2019 to 2024.
The major factors driving the deep packet inspection and
processing market include the continuous evolution of cyberattacks and their
corresponding security solutions, need for modern network performance
management and optimization solutions. The growing need to meet compliance
requirements, increasing advancements in the communication technology, and
soaring need to counter fraudulent activities in several verticals are fuelling
the demand for installing deep packet inspection and processing solutions in
various organizations across the globe.
Browse 164 market data Tables and 34
Figures spread through 181 Pages and in-depth TOC on "Deep Packet
Inspection and Processing Market - Global Forecast to 2024"
By
organization size, the large enterprises segment to hold a significant share in
the global Deep Packet Inspection and Processing Market in 2019
Large enterprises are organizations that have more than 1,000
employees. These organizations invest heavily in advanced technologies for
increasing overall productivity and efficiency. To reduce Capital Expenditure
(CAPEX) and Operational Expenditure (OPEX) of infrastructure, large enterprises
are widely opting cloud-based deep packet inspection and processing solutions. Large
enterprises are expected to invest significantly in implementing advanced deep
packet inspection and processing solutions that are capable of anomaly-based
detection to provide optimum security to their intense competitive environment.
Large enterprises have adopted cloud security solutions, as they use a
large number of cloud and Internet of Things (IoT)-based applications
susceptible to cyberattacks. Moreover, as they face threats from targeted
attacks to disrupt their Information Technology (IT) services, these
organizations adopt deep packet inspection and processing solutions to provide
effective security.
Based on
verticals, the IT and telecom vertical to hold a significant share in the
global Deep Packet Inspection and Processing Market during the forecasted
period
IT and telecom is one of the major adopters of deep packet inspection
and processing solutions. It has been a highly regulated and competitive
industry that always processes a majority of the private data of its customers.
The increased integration of ICT with the daily activities of industries,
governments, families, and consumers, along with the increasing sophistication
of cyberattacks, has led the telecom and IT vertical to focus more on their
cybersecurity activities. Telecom organizations typically store personal data
such as names, addresses, and financial data, which is a compelling target for
cybercriminals or insiders. Thus, factors such as the use of Voice over
internet protocol (VoIP) calls, storage of data on cloud services, mobility and
cloud computing, and extensive use of platform-as-a-service in enterprises are
expected to fuel the demand for deep packet inspection and processing solutions
in the IT and telecom vertical.
North America to hold the largest market
share during the forecast period
North
America dominates the global Deep Packet Inspection and Processing Market, as
the growth in the region is being driven by the rising internet penetration and
increasing adoption of cloud-based and IoT applications across verticals.
Moreover, North America tops the world in terms of security breach incidents.
Therefore, the global market is dominated by North America that is considered
to be the most advanced region with regard to cyber technology adoption and
infrastructure.
Other
factors pushing the Deep Packet Inspection and Processing Market in this region
are enormous usage of smart handheld devices, rapidly growing eCommerce, and
friction among the competing countries in different regions. The strict
announcement by the US government that no funding would be allocated to
business projects unless cybersecurity is properly addressed in the mission is
also arousing a sense of cyber awareness among the businesses in North America.
Market Players
The major vendors covered in the Deep Packet Inspection and
Processing Market include IBM (US), Cisco Systems (US), Extreme Networks
(US), Juniper Networks (US), Symantec (US), SolarWinds (US), Viavi Solutions
(US), NetScout (US), LogRhythm (US), Qosmos (France), Cubro Network Visibility
(Austria), Lionic Corporation (Taiwan), Trovicor (Taiwan), Netronome (US),
Sandvine (Canada), Huawei (China), Bivio Networks (US), Ipoque (Germany),
ManageEngine (US), and WiseSpot (Hong Kong).
Content Source: https://www.marketsandmarkets.com/PressReleases/deep-packet-inspection-processing.asp
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