The ‘Global Deep Packet Inspection Market Price, Size, Share, Report and Forecast 2023-2028’ by Expert Market Research gives an extensive outlook of the global deep packet inspection market, assessing the market on the basis of its segments like component, solution, installation type, deployment mode, organisation size, vertical, and major regions.
The report studies the latest updates in the market, along with their impact across the market. It also analyses the market demand, together with its price and demand indicators. The report also tracks the market on the basis of SWOT and Porter’s Five Forces Models.
The key highlights of the report include:
Market Overview (2018-2028)
- Historical Market Size (2022): Approximately USD 11.1 Billion
- Forecast CAGR (2023-2028): 6.20%
- Forecast Market Size (2028): Around USD 15.9 Billion
The rising number of cybercrimes, coupled with prevalent leaks of sensitive data is fuelling the growth of the global deep packet inspection market. Companies and internet service providers frequently use deep packet inspection software to track user behaviour, halt malware, and battle traffic patterns to anticipate and stop web attacks. Additionally, the growing complexity of cyberattacks is encouraging various industries to adopt deep packet inspection software.
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The emergence of Industry 4.0, leading to a digital revolution worldwide, has transformed how businesses produce and distribute their goods. With deeper penetration of IoT and the introduction of cloud computing, artificial intelligence, and machine learning technologies, businesses are attempting to expand their online infrastructure and presence. This has led to an increased demand for web security software, creating new opportunities for the growth of the global deep packet inspection market.
The increased IP traffic due to the emergence of 5G technology, which provides better connectivity and easier access to the internet, along with a surge in the number of smartphone users, is further propelling the growth of the global deep packet inspection market. The rising number of people with internet connectivity has made it essential for internet service providers to adopt reliable technology to streamline their network and monitor and oversee data moments across the network for a comprehensive internet survillance and traffic control.
Deep Packet Inspection Industry Definition and Major Segments
Deep packet inspection is a method of filtering the contents of data packets as they pass by checkpoints on the network. Deep packet inspection covers a wider range of data, examining both the header and the data the packet is carrying. It provides an additional layer of operational security for end users while supporting advanced data management, internet data mining, and internet censorship, among others.
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By component, the global deep packet inspection market is divided into:
- Solutions
- Services
Based on solution, the market is categorised into:
- Hardware
- Software
By installation type, the market is segmented into:
- Integrated
- Standalone
On the basis of deployment mode, the market is divided into:
- Cloud
- On-Premises
By organisation size, the market is bifurcated into:
- Small and Medium Size Enterprises
- Large Enterprises
Based on vertical, the market is categorised into:
- Banking, Financial Services, and Insurance (BFSI)
- Government and Defence
- Healthcare
- IT and Telecom
- Manufacturing
- Retail
- Others
The major regional markets for deep packet inspection include:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Deep Packet Inspection Market Trends
Cloud computing is an integral part of any organisation’s internal and external business operations. Hence, due to higher system accessibility, these systems are more vulnerable to web attacks. Deep packet inspection is, therefore, essential to keep the bad traffic out by identifying, rerouting or blocking specific packets, and letting the good traffic through, without much interruption. However, limited security budget of small and medium-sized organisations might pose as a challenge to the deep packet inspection market growth.
The integrated deep packet inspection segment holds a major share of the global deep packet inspection market, and the trend is expected to continue over the forecast period owing to the integrated solution being more cutting-edge and cost-effective compared to standalone technologies, as it has to deal with fewer network elements. Additionally, integrated network inspections considerably lower the risk of error, contributing to the segment growth.
North America accounts for a significant share of the global deep packet inspection market due to the rising e-businesses in the region, which demand web security solutions coupled with increasing cybercrimes and growing concerns of data threat. The increased investment in the field to offer better protection against web attacks and data leaks is anticipated to propel the market forward. The Asia Pacific region is also expected to witness a significant growth over the forecast period due to the growing population and rapid adoption of advanced technologies in this region.
Key Market Players
The major players in the global deep packet inspection market report are:
- IBM Corporation
- Cisco Systems Inc.
- Extreme Networks Inc.
- Juniper Networks, Inc.
- SolarWinds Corp.
- Huawei Technologies Co. Ltd.
- Sandvine Corporation
- NetScout Systems, Inc.
- LogRhythm, Inc.
- Enea AB
- Others.
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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