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Global Deep Packet Inspection & Processing Market Size is Expected to Grow from USD 8.7 Billion in 2019 USD 12.5 Billion by 2024 - ResearchAndMarkets.com

February 5, 2020 GMT

DUBLIN--(BUSINESS WIRE)--Feb 5, 2020--

The “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” report has been added to ResearchAndMarkets.com’s offering.

The deep packet inspection and processing market size is expected to grow from USD 8.7 billion in 2019 USD 12.5 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 5.9% from 2019 to 2024.

Growing need of organizations to protect business operations from Distributed Denial-Of-Service (DDOS) attacks, along with adherence to meet compliance and regulatory norms related to data protection laws across several verticals, is driving the overall growth of the deep packet inspection and processing market.

The rising adoption of advanced electronic devices, and changing business models and technological advancements are projected to stimulate the growth of the deep packet inspection and processing market during the forecast period. The need to comply with various governance standards and adhere to different policies and regulations is expected to surge the use of deep packet inspection and processing solutions across the globe.

By component, the services segment to grow at a higher CAGR during the forecast period

deep packet inspection and processing services have become a necessity for integrating and managing solutions across business operations. These services help enterprises by managing and ensuring the smooth functioning of deep packet inspection and processing solutions over a time period. The growing virtualization across industries and increasing adoption of cloud computing are promoting the demand for deep packet inspection and processing solutions in various countries. Moreover, deep packet inspection and processing installations help organizations to analyze dynamic network communication in real-time, assisting organizations in managing more number of suppliers, partners, and vendors.

By vertical, the IT and telecom vertical to hold the significant market size in 2019

The rapid transition of enterprises from on-premise solutions to cloud, storage of data on external data centers, and mobility are raising cyber threats in this vertical. The vertical also makes the intensive use of network performance management and optimization solutions to ensure improved Quality of Service (QoS) and Quality of Experience (QoE). To ensure the safety of critical infrastructure and technological innovation, IT service providers and telecom organizations are increasing cybersecurity budgets significantly, aligning business strategies with cybersecurity plans, and creating cyber awareness programs for employees and customers. APAC to register the highest growth rate during the forecast period

Asia Pacific (APAC) is expected to grow at the highest CAGR during the forecast period and is becoming a new hotspot for deep packet inspection-based application and service vendors as a revenue-generating region.

Major trends influencing the growth of the market in this region are the increasing network traffic in the APAC region, continuing growth in the mobile network, increasing complexity of businesses, and rising adoption of Bring Your Own Device (BYOD). Countries such as China, Singapore, and Japan are expected to capture significantly large market size in the APAC deep packet inspection and processing market, due to rapid digitalization in the industry verticals present in these countries.

Key Benefits of Buying the Report

The report would help the market leaders/new entrants with information on the closest approximations of the revenue numbers for the overall deep packet inspection and processing market and its subsegments. It would help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies. It would also help stakeholders understand the pulse of the market and provide them with information on key market drivers, restraints, challenges, and opportunities.

Key Topics Covered:

1 Introduction

1.1 Objectives of the Study

1.2 Market Definition

1.3 Market Scope

1.4 Years Considered for the Study

1.5 Currency Considered

1.6 Stakeholders

2 Research Methodology

2.1 Research Data

2.2 Market Breakup and Data Triangulation

2.3 Market Size Estimation

2.4 Market Forecast

2.5 Competitive Leadership Mapping Research Methodology

2.6 Assumptions for the Study

2.7 Limitations of the Study

3 Executive Summary

4 Premium Insights

4.1 Attractive Opportunities in the Deep Packet Inspection and Processing Market

4.2 Market By Component, 2019

4.3 Market By Organization Size, 2019-2024

4.4 Market By Deployment Mode, 2019-2024

4.5 Market Share of Top 3 Verticals and Regions, 2019

5 Market Overview and Industry Trends

5.1 Introduction

5.2 Market Dynamics

5.2.1 Drivers

5.2.2 Restraints

5.2.3 Opportunities

5.2.4 Challenges

5.3 Use Cases

5.4 Regulatory Implications

6 Deep Packet Inspection and Processing Market By Component

6.1 Introduction

6.2 Solutions

6.3 Services

7 Deep Packet Inspection and Processing Market By Solution

7.1 Introduction

7.2 Hardware

7.3 Software

8 Deep Packet Inspection and Processing Market By Installation Type

8.1 Introduction

8.2 Standalone

8.3 Integrated

9 Deep Packet Inspection and Processing Market By Deployment Mode

9.1 Introduction

9.2 On-Premises

9.3 Cloud

10 Deep Packet Inspection and Processing Market By Organization Size

10.1 Introduction

10.2 Small and Medium-Sized Enterprises

10.3 Large Enterprises

11 Deep Packet Inspection and Processing Market By Vertical

11.1 Introduction

11.2 Banking, Financial Services, and Insurance

11.3 Government and Defense

11.4 Healthcare

11.5 IT and Telecom

11.6 Retail and Ecommerce

11.7 Manufacturing

11.8 Others

12 Deep Packet Inspection and Processing Market By Region

12.1 Introduction

12.2 North America

12.3 Europe

12.4 Asia Pacific

12.5 Middle East and Africa

12.6 Latin America

13 Competitive Landscape

13.1 Competitive Leadership Mapping

13.1.1 Visionary Leaders

13.1.2 Innovators

13.1.3 Dynamic Differentiators

13.1.4 Emerging Companies

14 Company Profiles

14.1 Introduction

14.2 IBM

14.3 Cisco Networks

14.4 Extreme Networks

14.5 Juniper Networks

14.6 Symantec

14.7 SolarWinds

14.8 Viavi Solutions

14.9 NetScout

14.10 LogRhythm

14.11 Qosmos

14.12 Cubro Network Visibility

14.13 Lionic Corporation

14.14 Trovicor

14.15 Netronome

14.16 Sandvine

14.17 Huawei

14.18 Bivio Networks

14.19 Ipoque

14.20 ManageEngine

14.21 WiseSpot

For more information about this report visit https://www.researchandmarkets.com/r/vp6nhu

View source version on businesswire.com:https://www.businesswire.com/news/home/20200205005356/en/

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