Network Packet Broker Market by Bandwidth (1 and 10 Gbps, 40 Gbps, 100 Gbps) - 2023 | MarketsandMarkets

The network packet broker market is expected to reach USD 849.4 million by 2023 from USD 585.4 million in 2018, at a CAGR of 7.73% between 2018 and 2023. Major drivers for the growth of the market are need for simplified data center management and automation, high demand for cloud services, and surge in internet multimedia content and web applications.

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Of all the major end users of network packet brokers, enterprises hold the largest share of the network packet broker market. Increasing enterprise applications require high-performance connectivity, constant uptime, high throughput, and high reliability to manage a vast amount of data. To address these requirements, network packet brokers are being adopted in enterprises. Large enterprises across different industries have been increasingly adopting the digitization to improve their business processes. Also, the revolutionizing digitization in healthcare, e-commerce, banking, and education is the key driver for enterprise data centers, which will eventually drive the growth of the market for network packet brokers.

Among bandwidth, during the current times, the adoption of 1Gbps bandwidth NPBs is declining, relegated to low-bandwidth applications and legacy devices. The most common type of NPBs now is 10Gbps. 10Gbps network packet broker capture traffic from access switch uplinks and aggregation/core switches, which usually run at a speed of 10Gbps and higher. The 1 and 10 Gbps bandwidth network packet brokers are widely adopted across various sectors such as enterprises, telecoms, government organizations, and other service providers. Currently, network packet brokers with high bandwidth are gaining a lot traction in the market. As a result, the prices for 1 and 10 Gbps NPBs have been declining, which drives the adoption of these NPBs for the optimum network development. It is owing to these factor the market for 1 and 10 Gbps network packet broker is expected to hold the largest market share in 2018.

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APAC is expected to be the fastest-growing region in the network packet broker market during 2018–2023. Increasing government initiatives and investments from technologically developing countries in APAC, such as India, Japan, China, Singapore, and Australia, are driving the growth for increasing deployments of data centers in the region, which in turn is expected to drive the market for NPBs. Also, the increasing number of small- and medium-scale enterprises and the adoption of digital technologies in them further drive the demand for NPBs. Moreover, the increasing penetration of the Internet and rising population of internet users in the region creates a massive amount of data that drive the demand for cloud-based services. All these parameters generate the need for high-performing switching solutions across the network infrastructure in data centers. These factors in turn are expected to drive the market for network packet brokers in this region during the forecast period.

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